Attractive Personal Loan Offers For Collabera Employees

Author: Himanshu Kataria

Working for a reputable organization provides you with not only a good salary and benefits, but also a bunch of other advantages. For example, if you apply for a Personal Loan in Bangalore, you will benefit from lower interest rates, immediate approval, reduced processing costs, limited paperwork, and many other advantages.

Collabera is a global leader in information technology, recruitment, staffing, and advisory services. The business, which is headquartered in Basking Ridge, New Jersey, operates in the United States, India, Canada, the Philippines, Singapore, the United Kingdom, Ireland, and Malaysia.

If you work for a multinational corporation such as Collabera, you will have an advantage and will be approved for a personal loan with a simple application process. Since these workers have more consistent jobs and pay, they are less likely to default on a personal loan.

Benefits of Personal Loan for Collabera Employees

Personal Loans for Collabera Employees are normally available at a discounted rate. Collabera employees who have a stable job and income can benefit from a personal loan in the following ways:

  • 1. Almost all banks and non-bank financial institutions (NBFCs) provide Collabera workers a personal loan with low-interest rates. As a result, borrowers will compare interest rates from various lenders to find the best deal.
  • 2. Higher loan amount: Since these workers have a more secure salary, they would be able to comfortably repay a higher EMI. As a result, lenders grant them a larger loan sum than borrowers with lower wages.
  • 3. Borrowers do not need to go to a bank to apply for a personal loan because the procedure is easy. They will apply for the loan online with very little paperwork.
  • 4. Loans with pre-approval: Personal loans may be pre-approved at banks where Collabera employees have salary accounts. For example, an HDFC Bank personal loan is available to pre-approved employees with an HDFC Bank salary account. For pre-approved borrowers, SBI offers a personal loan through the YONO app.
  • 5. Instant approval: Since employees of a reputable organization are more likely to have developed personal and financial records/documentation, qualifying borrowers may get a personal loan approval in as little as 24 hours.

Offers of Personal Loans for Collabera Employees

Although Collabera employees are eligible for a personal loan from any lender, the following is a list of top lenders that give special rates and loan amounts to employees of the companies listed:

Personal Loan

Interest Rate

Loan Amount

HDFC Bank

10.75% - 21.30% p.a.

Rs. 50,000 to Rs. 15 lakhs

ICICI Bank

11.25% - 21% p.a.

Rs. 50,000 to Rs. 20 lakhs

Standard Chartered Bank

10.89% onwards

Up to Rs. 50 lakhs

IndusInd Bank

11% onwards

Rs. 50,000 to Rs. 15 lakhs

State Bank of India

9.85% p.a. onwards

Up to Rs. 20 lakhs

Bajaj Finserv

12.99% p.a. onwards

Up to Rs. 25 lakhs

Kotak Mahindra Bank

10.99% to 24% p.a.

Rs. 50,000 - Rs. 20 lakhs

Union Bank of India

13.95% p.a. onwards

Up to Rs. 15 lakhs

Bank of India

11.50% p.a. onwards

Up to Rs. 20 lakhs

Collabera Employees Personal Loan Interest Rates

Interest rates differ by a lender; for example,

  • 1. HDFC Bank personal loan rates begin at 10.75 percent per annum,
  • 2. While Kotak Mahindra Bank personal loan rates range from 10.99 percent to 24 percent per annum.

Final rates will be conveyed to you at the time of loan application and will be based on factors such as monthly income, loan size, credit score, work experience, and other factors.

Eligibility Criteria for a Personal Loan for Collabera Employees

Although each lender's eligibility criteria for a personal loan differs, the following are some of the most common conditions you'll need to meet to get a personal loan:

  1. Citizenship: All citizens of India.
  2. The loan is available to salaried people between the ages of 21 and 60.
  • 3. Job experience: Candidates should have at least 2 years of overall work experience and at least 1 year of experience with the current organization.
  • 4. Monthly income: Lenders usually need borrowers to have a monthly income of Rs. 25,000. It can differ from one Tier I city to the next.
  • 5. A credit score of 750 or higher is required.

Documents Needed for a Personal Loan for Collabera Employees

Employees of reputable companies may apply for a personal loan online with little paperwork. Although documentation requirements can differ slightly from lender to lender, the generic personal loan for Collabera employees will need to include the following documents:

  • 1. A copy of your passport, voter's ID card, driver's license,
  • 2. A copy of your passport, voter ID card, driver's license, or Aadhaar card will suffice as proof of address.
  • 3. Salary slips from the previous three months or a new dated salary certificate with the most recent Form 16 as evidence of income
  • 4. Statement from the bank: Last three months' bank statement
  • 5. PAN Card (Personal Identification Number): This card is used to obtain a credit report.

Conclusion:

Lastly, banks also make appealing deals to individuals who work for well-known firms, such as lower interest rates, reduced fees, simple EMIs, larger loan amounts, and so on. To get the best price, you can compare personal loans from different lenders. To find the best monthly installment that fits into your schedule, use a personal loan EMI calculator.