The GE money has shown its immense energy and talent in the commercial as well as personal finance sectors. With time and experience, it has gained immense popularity in the financial industry. It is one of the top preferred loan institutions because:
Compared to other competitors in the market, the GE Money offers a higher amount of loans on the same eligibility criteria. Loan from Rs 3 lakhs to 10 lakhs are disbursed.
Interest rates applicable to the loan are as low as 17.75% for an amount paid up to Rs 10 lakhs. Thus, the interest rates do not create a huge burden on the amount.
Documentation required for these loans is pretty easy. Primary documentation required is identity proof, address proof, income statement, etc.
The applicant is assigned a personal relationship manager to ensure care for your grievances if any. This manager shall help you connect with GE Money.
Having teamed up with the SBI Life Insurance Company, GE Money provides insurance coverage on loan. In case of PTD, permanent total disability or death, money on the outstanding amount up to Rs 2 lakhs is paid. The applicant’s family is given an amount of Rs 20 lakh. Premiums can also be supplemented by the EMI payments.
Unlike most of the personal loan lenders, the GE Money offers a flexible option to repay your loans.
GE Money does not expect their applicants to provide any security or a collateral against the loan value.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Ge Money Bank.
Personal loan by Ge Money bank was perfect, but the turnaround time is something they can work upon.
I had applied my personal loan in Mumbai at Ge Money bank. I was in dire need of funds and fortunately got the loan amount soon.
Taking personal loan in Gujrat by Ge Money bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Ge Money without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
The Ge Money bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.