Now, you can fulfill all your personal needs by opting for a personal loan offered by GE Money. GE Money offers personal loans at attractive rates of interest. The amount received as personal loan from GE Money can be used for funding a variety of things such as a holiday trip to an international destination, paying your children’s school fees, paying an outstanding debt and to meet all your genuine needs. By taking a personal loan from GE Money, you can knock-off all your financial worries. With minimal documentation and quick processing, you can get quick easy access to easy cash with GE Money.
Not only you receive higher amounts as personal loan from GE Money, it also offers attractive rates of interest on your personal loan. Certain factors like you loan repayment capacity, yearly income and nature of your employment may affect your personal loan interest rate offered by GE Money. The finance company may take into consideration the above-mentioned factors while determining your personal loan interest rates. Currently, GE Money offers 17.75% for salaried professionals. GE Money also offers insurance protection on your personal loan.
| Interest rates | 17.75% |
| Loan amount | Rs. 75,000 and above. |
| Loan tenure | 12 months to a maximum of 84 months (based on loan tenure). |
|
EMI per lakh (based on lowest interest rate) |
Rs. 2,526 for both salaried and non-salaried individuals. |
| Processing fees | 2.2% for salaried and 2.5% for self- employed individuals. |
| Pre-payment charges | Prepayment charge is applicable on the unpaid amount. Part prepayment is not allowed. |
You can calculate your GE Money Personal Loan interest rate and EMIs by using a Personal Loan EMI Calculator. In the calculator, you need to enter the following information - your total loan amount, the applicable rate of interest, tenure of the loan and processing fees (if any). When you put all aforesaid details in the calculator, it will immediately reveal your monthly EMIs for GE Money Personal Loan and the total interest to be paid. The calculator will also give you access to the amortization table that will contain information about how much you have paid so far and how much is left to be paid.
Example: Suppose, you are a salaried professional and you are taking a personal loan of Rs. 1 lakh from GE Money at 17.75% for 5 years. The processing fees you pay is 2.2% of the total loan amount. In that case, you make the following payments per year. Your loan amortization table will give you the exact details of your yearly payments.
| Year | Principal paid (Rs.) | Interest paid (Rs.) | Balance amount (Rs.) |
| Year 1 | 5, 391 | 7, 239 | 94, 610 |
| Year 2 | 14,670 | 15, 638 | 79, 938 |
| Year 3 | 17, 499 | 12, 811 | 62, 440 |
| Year 4 | 20,841 | 9, 440 | 41, 570 |
| Year 5 | 24, 891 | 5, 419 | 16, 679 |
If you are taking personal loan from GE Money, you need to be careful about the following factors. They may affect your GE Money Personal Loan interest rates.
A CIBIL score of 750 or above may help you get lower rate of interest on your GE Money Personal Loan. CIBIL score is one of the most important factors that may affect your personal loan interest rate. You can have a good a CIBIL score by maintaining a good credit history by paying all your debts on time.
Planning to apply for a personal loan with GE Money? Have a look at the following key things and understand them better:
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