By 
When we think of unplanned expenses, there are a host of such events which come to mind.
A car accident that needs instant repair, a medical emergency in the family, urgent maintenance in the home that demands a lot of money, broke your laptop or mobile, a wedding in the family and an educational trip for your kid.
We all have come across such unplanned expenses in our lives. There are limited choices available to us at the moment. Asking friends and family is one option. However, it comes with huge risks as a delay in repayment spoils the relationships forever. Folks in villages and small towns also approach the local moneylenders. They charge an astronomical interest rate and penalty.
The best option today to manage your unplanned expenses is a personal loan. Financial institutions like banks or NBFCs offer personal loans to individuals without any security or collateral. The financial institutions look at the credit history and repayment capacity of an individual to evaluate their creditworthiness.
Let us consider the case of Sameer. He had a car accident and needs to pay INR 50,000 for the repairs as the insurance does not cover these parts. He decided to apply for a personal loan in Delhi instead of asking for money from friends and family.
Sameer applied for the personal loan via LoansJagat, a technology-driven loan enablement platform.
Sameer entered the basic details like income and the amount needed. LoansJagat presented him with the personal loan options from the top lenders. Sameer compared the loan offers and chose one which offered a low-interest rate without any prepayment penalty as he was expecting a bonus soon.
A dedicated loan officer helped Sameer to complete the documentation needed with the chosen lender. The entire documentation happened online and just took a day. The next day Sameer got the loan sanction message. Sameer signed the agreement and received the loan amount in his bank account within four days.
He was able to secure the money on his terms with a planned repayment schedule.
Sameer was thankful that he applied for his loan via LoansJagat, as the local agencies are known to cheat people with the high processing fee and interest rates for such personal loans in Delhi. The local loan agencies make multiple applications which takes a lot of time and reduces the credit score.
We may apply with the top lenders directly. However, one is not aware of the best available personal loan offers in this case.
LoansJagat provides the flexibility of applying for a personal loan in Delhi and other top cities from the comfort of our homes and offices. One can compare the loan offers from over 40 Banks and NBFCs, choose the best offer that suits the needs. LoansJagat also provides personal assistance with a dedicated loan officer who guides at every stage from application to the loan disbursal.
If you are looking for the apt means to manage unplanned expenses, go for a personal loan. A personal loan does away with the suspense of taking and repaying the money with planned equated monthly instalments that one can plan. Visit WWW.LOANSJAGAT.COM to get complete help.
