Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan BYTES FROM OUR KITCHEN

    Personal Loan for Accenture Employees

    Accenture is one of India’s respected multi-national corporations, offering services in strategy, consulting, digital, technology and operations. The company works with over 120 clients in 40 industries and prides in their patents that number over 5,000 globally.

    The reputation of the company you work in is very important for approval of personal loans. Banks and Non-Banking Financial Companies (NBFCs) are more likely to approve your personal loan if you are from a company such as Accenture than if you are in a local workplace without any national or international status. This is because your job is considered more secure in top corporates than in small ventures.

    All banks and NBFCs are likely to approve your personal loan request if you are an Accenture employee. Many banks and NBFCs might also run promotions where Accenture employees could get loans at preferential interest rates. Currently, HDFC and Bajaj Finserv are running Accenture-centred campaigns on personal loans.

    HDFC Bank Personal Loan for Accenture Employees

    HDFC Bank, one of India’s premier private banks, is offering corporate benefits for Accenture employees currently. This includes special interest rates for personal loans and car loans; option to create a Salary Family account; and free Personal Accident Death and Air Accident Death Cover, among others.

    The interest rate at which HDFC is offering personal loan to Accenture employees is 12.59%. Its rates for other salaried employees is 15.75% to 20%. The bank charges a processing fee of 2.5% of the loan amount, capped at Rs.25,000. The repayment period can be from 1 to 5 years. If you want to make pre-payments to your loan account, you will have to wait till the end of paying 12 equated monthly instalments. If you make pre-payments between 13 and 24 months, you will have to pay a pre-payment charge of 4% of the outstanding amount; paying between 25 and 36 months will cost you 3% of the outstanding amount; and paying after 3 years will cost you 2% of the outstanding amount. If you fail to pay any EMI, you will be penalised with 24% interest rate on the balance loan amount.

    If you are an Accenture employee with a salary account in HDFC, you will be able to make easy EMI payments through Standing Instructions to the bank. You can also make payments through Electronic Clearing System (ECS) or cheques.

    Bajaj Finserv Personal Loan for Accenture Employees

    Bajaj Finserv, an NBFC offering different kinds of loans for all strata of society, has special personal loans for Accenture employees in various cities. Their website lists the following places where Accenture employees can get personal loans with ease:

    • Delhi/NCR
    • Mumbai
    • Chennai
    • Bangalore
    • Hyderabad
    • Pune

    Accenture employees can benefit from prompt approval and online access to their loan accounts. They can avail up to Rs.25 lakh as loan from Bajaj Finserv. You need to earn at least Rs.40,000 per month as net salary (after deductions) to be eligible for a personal loan from Bajaj Finserv. You need to provide your employee ID card, salary slips for the past 2 months, and salary account bank statement for the last 3 months, alongside government identity and address proofs. The NBFC charges 2.25% to 3% of the loan amount as processing fees, and the interest rate available is 11.99%. The company also charges foreclosure fees of 4% of the balance loan amount in case of full payment, and 2% of the balance amount in case of partial payment.

    As an Accenture employee, your personal loan applications are not likely to be rejected, unless you have made mistakes in the application or not provided the required documents. If your credit score is excellent and your income steady, you may be able to negotiate better interest rates with banks as well. 

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