Personal loan is one of the most demanded financial products in the country mainly because of the flexibility it offers. One can take personal loan to tide over emergency expenses or to meet other long-held-up needs such as home improvement, buying a fancy gadget or a world-tour. Though most of the people consider interest rate […]
Getting a personal loan might seem like a child’s play as you might have seen a plethora of emails and SMS about instant personal loan approval. This might not be as simple as it seems. But we have listed 5 useful tips which can make getting a personal loan hassle-free. Fix Your Credit Score […]
If you are looking to resolve a temporary liquidity problem, banks as well as NBFCs (Non Banking Financial Companies) have various short and medium term borrowing options for you. These include secured loans (those that require collateral) such as gold loans and loan against property, as well as unsecured loans (no collateral necessary) such as […]
Whether you are planning a wedding, furnishing a new home or looking forward to a vacation, a personal loan can help you achieve these dreams and much more. Personal loan is one way through which you can gain financial assistance and support for your personal desires, without having to dip into your hard earned savings. […]
Many people hesitate in taking a loan and prefer dipping into their savings, even if it means breaking their nest egg meant for their future requirements. However, if you know your necessity, utility and repayment capacity well taking a loan can be a boon to meet your immediate unplanned financial needs. A suitable loan option […]
The Reserve Bank of India (RBI) controls the monetary policy of the Indian economy, that is, the money availability (credit liquidity) and the rates at which money may be borrowed and lent between lenders as well as to customers by lenders (interest rates). Both these factors are crucial as they impact inflation and economic growth […]
Personal loan is often refered to as an all-purpose loan as you can use the money as you please. It’s a good way to generate short-term liquidity. However, at times, commonplace errors lead to loan rejection. Avoid making the following mistakes to quicken your loan approval process: Not Clarifying the Details For Taking the […]
Personal loan as the name suggests is designed to meet our emergency fund requirements, whether related to child education, home renovation, or a wedding. You are not answerable to the bank for availing the loan, but yes, you need to look out for the interest rate. Unlike home loan or education loan, a personal loan […]
In response to a Reserve Bank of India directive to link loan interest rates more closely to MCLR (marginal cost of funds-based lending rate), banks across India have implemented a new method of calculating loan interest rates. This has resulted in rate cuts of various short term loans provided by the bank. Currently, these rate […]
Credit rating is still a developing concept in India with the first Indian credit rating bureau, CIBIL being just a decade old. The CIBIL credit report and score was introduced to banks in November 2007 and in April 2011 this facility was made available to the individuals. CIBIL also known as CIBIL TransUnion is among […]
