Category: Personal Loan

  If you are going through a financial crisis, personal loans can help you come out of these tough situations. Whenever in need of funds, traditional banks have always been the preferred choice for many individuals. However, in today’s fast-paced financial market, NBFCs are emerging as the popular alternate option with faster loan approvals, quick...

 

  When you're in need of funds - whether it's for a home renovation, debt consolidation, medical emergency, or education - three of the most accessible financing options are personal loans, top-up home loans and loan against credit cards. While both can serve similar purposes, they differ significantly in terms of eligibility, interest rates, repayment...

What is a Personal Loan on Aadhaar Card Aadhaar Card is a crucial document used for identity and address verification when you apply for a personal loan. Banks, NBFCs and digital lenders use your Aadhaar while onboarding you as a consumer to verify your identity and address. Since Aadhaar is a digital identity linked to...

  Why Knowing Your EMIs Matter Before Taking a Personal Loan While planning for a personal loan, it is essential to know your Equated Monthly Instalments (EMIs) beforehand, as it is important for effective financial planning. Knowing your EMIs before applying for a personal loan helps you plan your monthly budget, choose the right loan...

Instant Personal Loan Apps: How to Identify Fake from Real In times of financial need, instant personal loan apps can seem like a convenient solution - offering quick disbursals with minimal documentation. However, this very convenience has given rise to various fraudulent instant loan apps that appear legitimate, often mimicking the branding and design of...

  Pros & Cons of Opting Longer Tenures on Personal Loans Opting for long-term personal loans can ease your monthly burden and meet your financial needs without troubling your funds. However, is it correct to lock yourself into a long-term commitment with the lending institution? Let us first understand the basics of opting for repayment...

6 Things You Should Know About Pre-Approved Personal Loans In today's fast-paced world, access to instant credit can offer much-needed financial flexibility. Whether you're looking to cover marriage or education expenses or a medical emergency, personal loans often provide a reliable solution. Among these, pre-approved personal loans stand out for their speed, convenience, and minimal...

  Dos and Don’ts of Personal Loan Prepayment Most people resort to personal loans, especially during financial emergencies, due to their unsecured nature, easy accessibility, quick disbursal and flexible end use. However, due to its high interest rates, many borrowers choose to prepay their personal loans whenever they have surplus funds. While prepaying a personal...

For most people, a personal loan is a preferred credit option for dealing with financial shortfalls and emergencies - largely due to its easy accessibility, zero collateral requirement and faster disbursals. Moreover, borrowers can use the loan proceeds for any purpose, except for speculative activities. However, the absence of collateral increases the credit risk for...