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Source: Live Mint Personal loans help borrowers meet day-to-day needs and aspirations such as medical expenses, education costs, home reconstruction and other similar family or lifestyle-related requirements. Let us discuss five widely prevalent myths you should stop believing to make the most of your personal loan. Understanding these myths will boost your confidence and help…
Source: Live Mint Self-employed individuals can avail of personal loans by providing their Income Tax Return (ITR) documents as proof of income. Banks typically assess their income tax returns (ITRs) to assess their financial stability, repayment capacity, and eligibility. If you want to procure a personal loan, you need to gather an income tax return (ITR)…
Source: Live Mint While availing a personal loan is typically a hassle-free process for salaried individuals given the regular nature of their income, self-employed persons have to go through the rigour of convincing the lender to get the same. Lenders require self-employed persons to have a minimum income, which can vary by location, and the…
Source: Live Mint If you are short of funds, it is acceptable to explore the prospect of raising a personal loan to meet your needs. The purpose of raising funds could range from organising a wedding to go on a vacation, or to buy an expensive item, among others. Whatever the reason could be —…
Source: Live Mint If you want to take a personal loan but are not employed currently, then you do not need to fret. Most banks offer loans even to the self-employed persons so long as they fulfill other conditions. For the unversed, a personal loan is an unsecured loan given by banks to borrowers for a range…
