Hello, Personal / Private Loan Customers!
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Pacific Asian Consortium in Employment allow for a less paperwork, since we do not have to verify any asset as in the case of home loans. On the other hand, there are stringent income criteria to qualify for personal loans. But once you make the grade it takes only about two days for you to get a personal loan -a lot less time than a home or car loan.
Most personal loans lack collateral – property that can be taken if the borrower defaults – so they rely on the integrity of the borrower to repay the loan’s principal and interest. In some cases, We do background and credit checks on potential borrowers to assess their risk.
Personal loans used to be simple part of the world economy. Pacific Asian Consortium in Employments lent money based on the reputation of their customers. If you had a job, paid your bills on time and were known to be honest, there was loan money available. Even when you don't meet this requirements, contact us and we shall be there for you.
Personal lending has changed -- a lot. In today’s mass society, giant national and regional banks rule and loan underwriting is anything but personal.
Though Pacific Asian Consortium in Employments still make open-ended loans to their best customers, the review process can be very easy and the terms make all determined customers to choose us. Today’s borrowers often turn to family members, friends and peer-to-peer lenders for personal borrowing. But we are here to meet the demands on your terms.
A personal loan is usually unsecured. This kind of loan is used for everything from funding an education or financing a new business venture to purchasing luxury items or taking a lavish vacation. Unsecured loans are made without collateral, so we consider them a little risky. Credit card debt is unsecured, since we have nothing to seize if the borrower defaults.
A secured loan uses an asset, usually a house or car, as collateral. If the borrower defaults on the loan, the creditor can take the asset.
We strongly advice for a down payment.
Borrower requirements are diverse, so a feature that provides flexibility and choice for one personal / private may be an unnecessary cost to another..
Pacific Asian Consortium in Employment rates no or low upfront and ongoing mortgage fees as one of the leading features in any personal loan. “Many people base their Persoanl decision on the interest rate being charged, but they should also ask about all fees,” We give the cheapest and best Loan rates. For as low as 2.55%
Pacific Asian Consortium in Employment Company offers you the capacity to choose how often you repay (weekly, fortnightly or monthly) and gives you greater control of your finances and planning. Payments should also include the ability to pay through multiple options including the internet, phone or an ATM.
Pacific Asian Consortium in Employment Company offers you the fastest loan, most client get their loan in few days after applications, some got theirs while on the bed the next day. We are truly the fastest.
This option enables a break from making your loan repayments for those occasions where you may need to direct your cash elsewhere. Lenders may provide a repayment holiday of between three to 12 months if you’ve made enough additional repayments.
"You are eligible for a personal loan if you are a salaried individual, self-employed individual (own business), or a self-employed professional (doctor, lawyer, etc.). Other factors such as your income, age, residence, work experience, repayment capacity, past obligations and place of work are also taken into account. A personal loan can be used for any purpose provided it is legitimate; you need not mention the end use to the lender."
We prescribe a minimum age of 21 years and maximum age of 85 years for personal loans. But these criteria are not set in stone. If you prove your income earning capability, we are willing to overlook this factor.
We evaluate the number of years staying in the same residence, which can be rental or owned place. If you are staying as a paying guest, you are also eligible to get the loan. We have set geographical limits – customers living beyond this point simply aren’t eligible for the loan. Please contact Customer Services for more details on geographical limits.
We often internally term certain areas in a city as high-risk. These areas typically report high crime rates and lesser safety. If you happen to stay in such an area, you may find it difficult to get a personal loan. We do not publicly admit to such classifications for many obvious pragmatic reasons.
This is the most important criteria for a personal loan. We evaluates your repayment capacity based on your income, savings, and debt obligations, other than household expenses.
Based on this information the we decides on the amount of loan that you are eligible, after considering your previous debts and obligations. We verifies income by scrutinizing your salary/income statements, Form, and bank statements.
The minimum income criterion for salaried individuals and self-employed is generally considered by one of our teams. The lower income criteria for the self-employed is because banks reckon that a self-employed person may be earning more but shows a lower income for tax-saving purposes.
A down payment might be the one thing everyone knows is part of the home-buying process, but there is some discussion on how much of a down payment to make; how to fund it; and who benefits most from a big down payment: the buyer or the lender?
It seems obvious that the bigger the down payment, the better it is for the buyer and for good reason: It’s the first jab at reducing the amount of money you must borrow and thus reduces the amount you must repay.t
The place where you work is very important. Your ability to get a loan as well as better interest rates depends on the strength of the company where you are employed. It is for this purpose that we maintain lists of companies which they consider favourably and less favourably. This list plays an important role in your loan’s interest rate.