What is a prepayment penalty on a personal loan and how does it affect you? | Mint

What is a prepayment penalty on a personal loan and how does it affect you? | Mint

Source: Live Mint Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services. Also Read | 10-minute personal loans: Fast money or a fast track to…

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Personal loan hacks: How to slash your interest rate after you’ve borrowed—Key ways explained | Mint

Personal loan hacks: How to slash your interest rate after you’ve borrowed—Key ways explained | Mint

Source: Live Mint Personal loans are generally taken in India for satisfying one’s current financial needs, but do remember a higher rate of interest can increase repayment difficulties. Now, it is interesting to note that, even when you’ve taken a loan, there are certain methods which you can adopt so as to lower your personal…

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Should you borrow to invest? The truth about taking a personal loan for stocks | Mint

Should you borrow to invest? The truth about taking a personal loan for stocks | Mint

Source: Live Mint The Indian stock market continues to remain volatile due to the ongoing geo-political issues such as: Trump’s tariff threat, Russia-Ukraine war, global inflation, high interest rates etc. All these issues have cumulatively resulted in India’s benchmark Nifty 50 index suffering a swift correction of more than 10% over the last six months….

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Personal loan vs. overdraft loan: Pros, cons, and which one saves you more | Mint

Personal loan vs. overdraft loan: Pros, cons, and which one saves you more | Mint

Source: Live Mint The choice between appropriate loan options becomes vital for urgent financial situations. The freedom they both grant comes from different loan functionalities of overdrafts and personal loans. Knowledge about their fundamental variations helps you decide better and achieve ultimate savings. What is a personal loan? Personal loans function as unsecured financing which…

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Instant personal loans in 10 minutes: Convenience or a dangerous trap? | Mint

Instant personal loans in 10 minutes: Convenience or a dangerous trap? | Mint

Source: Live Mint In India, instant personal loans, often disbursed within 10 minutes—have surged in popularity due to their swift approval processes, rapid growth in information and technology tools and minimal documentation requirements. Now, this rapid access to credit has been facilitated by digital lending platforms and fintech innovations. However, concerns have arisen regarding the…

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