Why not Taking Personal Loans for T20 World Cup?

Cricket is followed like a religion in India and there are innumerable cricket fanatics who want to experience all the T20 world cup matches live in the stadium. Even though our Indian cricket team has already reached Bangladesh for the tournament, you still have a chance to go to Bangladesh and enjoy all the games. If you’re worried about the additional funds that you might require, then you need not look beyond personal loans. These kinds of loans are customised to meet the needs of the borrower; and in India, they have gained a significant place due to their simple nature. Acquiring a personal loan can be the simplest thing to do as they get approved quickly and have convenient repayment structures. You could easily take personal loan for T20 world cup  as it is the most affordable alternative available to you.

It wouldn’t be wrong to say that personal loans are the only option available to you if you are planning to travel abroad for the T20 world cup matches. In order to take a personal loan for T20 world cup match, you could go visit some online Personal Loan comparing website.

Even prominent banks like SBI and HDFC provide personal loan to borrowers who are looking to acquire some additional funds to visit Bangladesh and enjoy their favourite game. Anyone who wishes to take a personal loan can find endless reasons for the same. 

Here is a closer look at the current personal loan rates being offered by different banks in India.

Bank	Rate of Interest
ING Vysya Bank	13.99% to 18.25%
HDFC Bank	13.99% to 20.00%
Kotak Mahindra Bank	13.75% to 19.00%
ICICI Bank	13.50% to 18.50%
Fullerton India	16% to 32%

As on 17^th March, 2014

No Collateral Security Required

Personal loans are unsecured options for borrowing money as you don’t have to use any collateral security for getting a loan. If you’re the one who doesn’t really want to put up his/her assets for raising money, you could take a personal loan as it is free from any such conditions. All you have to do is to meet the eligibility requirements set by the lender and as soon as you do it, the personal loan will be granted to you.

 

Quick Processing and Approval

All the players are already geared up for the IPL 7 which starts next month and so you’ll have to book your tickets well in advance. Taking a personal loan is the most viable option available as it involves quick processing and approval. Once you’ve applied for a loan, you don’t have to wait too long to get the amount sanctioned. Usually personal loans get processed and approved within 24 hours.

 

Adequate Amount of Control

When you take a loan for T20 world cup match, you receive some quick cash and therefore you are in complete control of the expenditures you make during the trip. You can plan well ahead of time and you don’t have any restrictions regarding the place where you would like to spend your loan amount. Whether it is airline tickets or match tickets, you can easily purchase them using the personal loan amount.

 

Debt Consolidation

Usually, a personal loan adds to your debt; but if you want, you could use the remaining balance after you’ve made all the payments to reduce your total debt. So, if you’ve still got some amount left after your Bangladesh trip, you could use it for the purpose of debt consolidation. You must take the loan from a reliable banking institution and save on processing charges.

 

Applying for a Personal Loan

Getting a personal loan from your bank is the best option to choose. Your bank already knows your credit history and creditworthiness. So, you can be rest assured that the processing of the loan will be much quicker if you choose your bank prudently. You could even convince your bank and work out a suitable repayment structure.