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Source: Live Mint As personal loans are becoming increasingly accessible for individuals in India to meet financial needs such as medical expenses, education, home renovation etc, in light of the same, it becomes prudent for aspirational borrowers to make well considered and informed decisions. Hence, before committing to a loan, consider these five essential questions…
Source: Live Mint If you are planning to host a wedding and running out of money, you may consider taking a personal loan for the same. Although personal loans – being unsecured – carry a high rate of interest, they come handy during emergencies and other necessary events of life such as a wedding. However,…
Source: Live Mint If you are planning to raise a personal loan, one of the important decisions that you need to make is to decide about the quantum of monthly instalment which is also known as an EMI or equated monthly instalment. Higher the loan EMI, shorter the loan tenure. Conversely, smaller the EMI, longer…
Source: Live Mint Personal loans: When you are looking for a personal loan, one of the key considerations is to determine the loan tenure. This has a direct bearing on your EMI. Longer the loan tenure, smaller the EMI and conversely — shorter the tenure, bigger the instalment. Therefore, at the time of choosing a…
Source: Live Mint In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score…
Source: Live Mint If you are planning to take a personal loan, it is recommended to find the optimum personal loan monthly instalment or equated monthly instalment (EMI). And it helps to use a personal loan EMI calculator to be able to calculate the right EMI. There are three inputs required to be able to…
Source: Live Mint Personal loans usually have a tenure of up to five years. If the personal loan is availed during a financial emergency, the borrower may go for a longer tenure as they may be unsure of the cash flows in the near future. However, while servicing the personal loan EMIs, if you receive…
Source: Live Mint People have various credit options in the current financial world to manage expenses and achieve financial goals. Two of the most common forms of credit are personal loans and credit cards. This article discusses the suitable occasions for the use of credit cards and personal loans while providing information to empower you…
Source: Live Mint A personal loan provides a convenient method of funding unexpected travel, house repairs, weddings, or doctor’s bills. Through the provision of an easy online portal that connects borrowers with top Indian lenders, Livemint makes the loan application process simpler. A step-by-step guide on how to apply for one through Livemint will be…
Source: Live Mint Freelancing is an increasingly popular way to work because of its flexibility, autonomy, and ability to earn as much as you want. One of the critical hurdles freelancers face is financial stability, especially when it comes to loan financing. Although freelancers work for themselves, personal loans can offer relief when they need…
