Category: Personal Loan

Financial emergencies may force you to avail personal loans at higher interest rates. However, once the emergency subsides, you can consider transferring your outstanding personal loan amount to a new lender offering lower interest rates and/or at better loan terms. Securing a personal loan at a lower rate of interest will not only reduce your...

Lenders decide personal loan eligibility on the basis of several factors like credit score, income, repayment capacity, age, occupation, employer’s profile, etc. It is after evaluating your credit profile against these parameters, lender decide: if the loan should be approved; how much of the amount should be sanctioned, and at what interest rate While personal...

Lenders approve your personal loan application on the basis of various factors such as your credit score, age, income, repayment capacity, occupation and employer’s profile. You can predict the odds of getting a personal loan by seeing how well you measure up against its eligibility factors. Some of these factors are discussed here to help...

Banks and NBFCs usually offer personal loans from Rs 10,000 to Rs 40 lakhs. However, personal loan amount that a lender sanctions to an applicant primarily depends on his income and existing loan repayment obligations. Some lenders use Multiplier Method wherein they factor in applicant’s income to determine their eligible personal loan amount. Other lenders...

हिंदी में पढ़े After the loan application is submitted with the bank or lender, almost every applicant becomes curious to find out whether the loan is approved, rejected or under process. Without knowing the status of the loan, the applicant remains in dilemma for further actions. So, let’s read on to know the ways and…

Anil took a home loan of Rs. 5,000,000 a year back and was making his regular EMI payments on the loan till four months back, when tragedy struck and he lost his job. As a result he could no longer keep making his scheduled home loan payments. First the EMI overdue payment reminders started and […]

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 […]

Hemant Shukla, a middle class employee, is preparing for a grand wedding for his daughter. Although he is finding himself short of funds, he does not want that to become a hindrance in the requirements and appearance of the wedding. He was evaluating various personal loans offers to fill this gap when one of his […]