The Vibe Journal: Finance Blogs

Knowing how to check active loans on a PAN card for free is crucial to safeguarding your finances. This simple act helps track your active loans and monitor your profile for any suspicious activity. Today, you can access credit with just your PAN and this has some implications. For one, getting a loan is quicker. …

Why do lenders need bank statements, you wonder? Well, these documents record your income and expenditure. So, lenders use them to check the stability of your earnings while ensuring that you have enough funds in your account to successfully repay the loan.  This evaluation affects your chances of approval as well as the amount you …

Knowing how to manage multiple loan accounts is not rocket science. Instead, it is about being disciplined and organised, both skills that financially independent adults need to inculcate.  With easier and quicker access to credit, having multiple loans and credit cards is very common. But if you are unable to keep up with repayment, you …

Taking a loan is an important financial decision and once your loan is approved, the next steps are just as crucial. You need to know how to activate your loan and how to check if it’s currently active. This helps you stay informed and plan your repayments better.  Here, we will walk you through the …

Knowing when to take out a personal loan isn’t easy, but there are instances where these loans can help. For one, these loans are a great option for dealing with emergencies, as you get funds quickly.   You can also use the loan amount to streamline existing debt repayments, build your credit score, or save on …

Before you search for loan companies who use Experian, make sure you understand what this score is and why it matters. Financial institutions rely on the Experian credit score to check if you are eligible for credit based on your past credit behaviour.  Thus this score can impact the approval of your loan as well …

Do personal loans affect mortgage applications? This is a smart question and the simple answer is yes. Even though one is unsecured and the other is secured, any existing loan affects your second loan. Your existing personal loan can have a significant impact on everything from eligibility to interest rates. Read on to get an …

Before you plan on getting credit, you must ask the question, ‘Are personal loan rates going up or down?’. This is because interest rates significantly affect your overall borrowing cost. With an increase in the rates, your repayment amount will also go up and vice versa.  These interest rates depend on several factors, from your …

Understanding the benefits, features and function of a personal loan vs a line of credit is crucial. Although these borrowing options sound quite similar to each other, they have some major differences. By knowing what they offer and how they differ, you can choose the best option to meet your needs. Read on to learn …

Are you wondering if using BNPL impact your credit score? It’s pretty important to know, especially with all these point-of-sale (POS) instalment loans getting popular in India. BNPL or Buy Now Pay Later, is when you buy something with credit and then pay it off in chunks later, without any extra interest. In this sense, …