• GE Money Personal Loan Interest Rates

    About GE Money Personal Loan

    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.

    GE Money Personal Loan Interest Rates

    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.

    GE Money Personal Loan Interest Rates Table

    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)

    (Calculate EMI on your Personal Loan)

    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.

    How to Calculate Interest/ EMIs on GE Money Personal Loan

    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

    Factors affecting GE Money Personal Loan Interest Rates

    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.

    • Relationship with GE Money: It is important you maintain a good relationship with GE Money. This will help you win the trust of GE Money and receive lower rate of interest on your personal loan. Having a longer and steady relationship with a financial institution always helps.
    • Employment details: GE Money may investigate your employment details and the number of assets you have before it approves your personal loan application. If you have a considerable amount of assets and your job is permanent, you may receive cheaper rate of interest on your personal loan. GE Money may follow different parameters while offering personal loans to salaried, non-salaried and applicants falling into A and B categories.
    • Loan tenure: The tenure of your personal loan can be one of the factors affecting your interest rate. If you take it for a longer tenure, you might receive cheaper rate of interest on GE Money Personal Loan
    • Repayment capacity: GE Money may check your loan repayment capacity before it decides it interest rate on your personal loan. If the financial company thinks you are in a position to repay the amount on due date, it may consider giving you reduced rate of interest.
    • Age: If you have your own established business, you may get cheaper rate of interest on personal loan, even if you are in your advanced age.

    How CIBIL Score affects 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.

    Key things you should know about GE Money Personal Loan Interest Rates

    Planning to apply for a personal loan with GE Money? Have a look at the following key things and understand them better:

    • First, try to understand the different interest rates offered by banks such as fixed and floating rate of interest. If you decide you pay off your personal loan by using fixed rate of interest, your interest payment will be fixed for the whole tenure. But, if you opt for a floating rate of interest, you will be paying different rates of interest on the same principal amount.
    • GE Money offers insurance protection on your personal loan and asks for a very few documents while accepting your personal loan application.
    • Try to maintain a good credit history so that you can enjoy privileged rate of interest on your personal loan.
    • Know how to calculate your personal loan EMIs. You can do this by using an online EMI Calculator.
    • You don’t have to submit any security or guarantors when you apply for a personal loan with GE Money.
        

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    GE Money Personal Loan Interest Rates Reviews

    • Ge Money
      "Very Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      In the year of 2006, i bought the loan amount of Rs. 50000 from GE money and they provided me a interest rate of 24%. Documentation process was very easy. I have chosen the tenure period of 3 years but i have foreclosed the loan within 1 year. They have provided me a loan immediately.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 17, 2019
    • Ge Money
      Ge Money
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with GE MONEY first they gave me calls regarding the application with them later they where behind me to give the loan. As they have offered 16000 loan amount at that time in 2005 and there rate of interest discussed was 16% and offered me 26% and they have charged for processing fee as well.
      Was this review helpful? 2
      , lucknow
      Reviewed on Sep 23, 2017
    • Ge Money
      "When your are in need they are there"
      0.5 5.0/5 "Blown Away!"
      I used to get the personal loan with the GE money. The rate of interest is around 13% to 14%. The services are good with them and I dealt with them for 2 years of time. Its the good company to get the loan. Customer service and the responsiveness are fine with them.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Oct 17, 2015
    • Ge Money
      "Fine"
      0.5 4.0/5 "Great!"
      I took the personal loan with the GE money before 8 to 9 years. They are equal to the banks while it comes to the service. Within two weeks of time the loan got disbursed to my account. Over on that time I need to pay the EMI to be deposited in their account. Customer service and the responsiveness are good. Now GE money is not available, I guess.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Oct 03, 2015
    • Ge Money
      "Fine"
      0.5 3.0/5 "Satisfactory"
      Rate of interest is around 17% for the personal loan with the GE money. It got some delayed to get the loan and it got disbursed within a week of time. Documentation is nominal with them. However its okay finally I got the loan with them
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 26, 2015
    • Ge Money
      "One time experienced"
      0.5 3.0/5 "Satisfactory"
      I had a experience with G E MONEY in taken my personal loan from them. I was a customer to them, so I got a call regarding the loan offer from them. I have taken the loan and successfully completed before 5 years itself. That time they are good in processing but now I am not sure whether they are providing service or not.
      Was this review helpful? 4
      , kolkata
      Reviewed on Sep 25, 2015
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