Being part of a large corporate entity often has its rewards. Not only does being employed in such institutes have great bearing on one’s career but also makes for a very impressive resume. Cognizant is one such company which is renowned. This American Multinational Company has established itself as one of the premier corporations in India which specialize in information security, information technology, business process outsourcing, and consulting.
Working in reputed companies can have a profound effect on one’s finances. Banks and other financial institutes highly regard an employee from a reputed institute such as Cognizant over other lesser known organizations and the chances of having a personal loan approved increases vastly. In some cases, there may be ongoing promotions that offer personal loans to Cognizant employees at preferential rates. Almost all applications for personal Cognizant employees will be approved due to the international repute of the organization and the sheer qualifications required to be an employee of the organization.
Bajaj Finserv Personal Loan for Cognizant Employees
- The Bajaj Finserv Personal loan offers end to end loan solution and even provides assistance when it comes to providing the supporting documents. Borrowers can receive instant approval within 5 minutes and can have their loan amounts disbursed in as little as 72 working hours.
- The loan comes with a Flexi loan account. This loan account allows borrowers to manage their finances better and offers a prepayment facility at no extra charge. Borrowers can also withdraw the prepaid amount within the drop line facility. Withdrawal can be done as long as it is within the loan tenure through a hassle free self-service process.
- The Flexi loan account also helps in savings as the interest is charged only on the loan amount that has been utilized. There is no interest levied on the loan amount that has been prepaid.
- Loan amounts offered can range up to Rs.25 Lakh with flexible repayment tenures ranging from 24 months to 60 months. The loan comes with a processing fee ranging between 2.25% and 3% of the loan amount availed. For every case of EMI bounce, a penalty of Rs.1,000 is levied.
HDFC Personal Loan for Cognizant Employees
- Borrowers can avail HDFC personal loans to meet a wide variety of expenses. They can find out their personal loan eligibility within a minute either online or at their nearest HDFC branch.
- Personal loans provided are subject to approval based on the credit history of the borrower. The HDFC personal loans can even be availed by first time borrowers.
- The loans come with attractive and competitive interest rates.
- The interest rates of the loan are competitive and affordable. HDFC Personal Loans also offer the Personal Loan Diva which is a special loan offering for women employees that is available at over 100 locations across India.
- Borrowers can also receive a personal accident policy that has a cover of Rs.8 Lakh and a critical illness policy which has a cover of Rs.1 Lakh. The policy charges a nominal premium which is deducted from the loan amount at the time of disbursal.
- HDFC personal loans not only provide the borrower loan amounts but also provide them the option of transferring existing loans. Borrowers can transfer their existing personal loan and avail competitive interest rates of 11.49% with a flat processing fee of Rs.999
Citibank Personal Loan for Cognizant Employees
- The Citibank Personal loan offers borrowers high loan amounts. The maximum loan amount available under this loan is Rs.30 lakhs
- Provided the borrower has been approved for the loan and all the necessary documents have been submitted, loan disbursal takes as little as 48 hours.
- The personal loan from Citibank also offers flexibility in terms of repayment. Borrowers can repay the loan through various tenure options ranging from 12 months to 60 months. The loan also comes with a fixed rate of interest enabling the borrower to know exactly how much has to be paid each month.
- For those looking to close out their loans as quickly as possible, the Citibank personal loan allows for closure of the loan or prepayment (partial and full) of the loan after the loan has completed 12 months tenure.
The Citibank personal loan allows for consolidation of credit card debt and allows transfer of previous outstanding loans.