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Source: Live Mint If you are planning to raise a personal loan, one of the key things that you should consider is the interest rate at which the loan is offered. This directly influences the monthly instalment, which is also referred to as EMI (equated monthly instalment). An EMI is a function of several factors…
Source: Live Mint Personal loan: If you are planning to raise a personal loan, it is vital to note that it usually has a fixed interest rate, which means the monthly instalment at which you start paying at the start of the loan will continue till the end of the loan. However, there are three…
Source: Live Mint For Indian working professionals who need money in a hurry, payday loans can be one of the easier solutions. This short term loan offers immediate availability for liquid funds until your next pay check. Therefore, it is important to understand what a payday loan is, how it works, and what you should…
Source: Live Mint Management of multiple debts can be both challenging and overwhelming. Even more so if you are dealing with high interest loans and credit cards. Personal loans for debt consolidation offer a practical resolution in such cases. To tackle all such conditions, personal loans for debt consolidation are a perfect option. They enable…
Source: Live Mint Personal loans are a popular choice amongst people who want to get quick funds to cater to their urgent financial needs. However, It is important to monitor your personal loan details for good financial management. By knowing your loan application status, you are also being informed about the loan statements and can…
Source: Live Mint Rapid market growth in the lending sector of India has created a new issue where borrower repayment difficulties become more significant. The issue stands as a vital concern for both businesses and individuals because it blocks growth in both economic spheres and stability of finances. Loans become harder to repay primarily because…
Source: Live Mint When you are planning to raise a personal loan, and are worried over its high interest rate, you can follow a simple strategy. You can blend it with another loan for a range of benefits such as low interest rate and easier eligibility, among others. Let us understand how it works. Suppose…
Source: Live Mint If you are planning to raise a personal loan, remember that there are certain reasons for which it is not unreasonable to take a loan. For instance, when there is an emergency at home or a wedding. Additionally, there are some people who do not refrain from taking a loan for going on…
Source: Live Mint If you have recently applied for a personal loan, or planning to apply for one, remember that your actual EMI could be slightly larger than the principal and interest amount. Although this is not something you would have expected – you are disbursed slightly lower amount than the loan amount. Each bank…
Source: Live Mint Boosting your credit score is key to getting the best loan rates and financial products. A credit score is nothing but a representation of an individual’s credit profile. The higher your credit score is, the better it is. Therefore, if you want to enhance your credit score in three months, follow the…
