The Vibe Journal: Finance Blogs

Availing of a personal loan for gifting is a straightforward and rapid solution for arranging the funds you need. The funding you get comes with no restrictions, so you can use it for umpteen expenses, including giving special gifts to your loved ones.  Read on to know why you should choose a personal loan for …

There are different types of credit ratings and scores assigned by credit bureaus. As a borrower, your history with credit and current loans is summarised into a three-digit credit score. Credit ratings are usually assigned to organisations or companies who take on debt, but the two and often used interchangeably.  Credit information companies assign scores …

The EMI for personal loan repayment is a figure that can either put a strain on your finances or help you repay stress-free. Since it has a large impact on your monthly budget, choosing the lowest possible EMI can be helpful. You can then have funds at hand to address other goals and obligations as …

Knowing the Budget 2024 live updates is crucial as it reveals updates about government schemes and taxes that benefit citizens. The Union Budget is the annual statement outlining the financial plan that the government proposes for the upcoming fiscal year. It provides detailed information about the following:  Finance Minister Nirmala Sitharaman presented the Union Budget …

‘Can we take two personal loans at a time?’ is a common question you may have when you need substantial financing. The good news is that you do so. These additional funds allow you to handle various unexpected or planned expenses like: Read on to know more about getting two personal loans simultaneously, important things …

Knowing how to remove the ‘written-off’ status from the CIBIL report is crucial to increasing your probability of securing a loan. This is because loan default may lead to rejection of your loan applications. A written-off status in a CIBIL report means the following: You have not paid your EMIs against the borrowed amount You …

Being clear about the features of a mortgage loan vs personal loan can transform your credit experience. It boils down to attaching an asset as security for the amount you plan to borrow, which can have far-reaching consequences on your future financial health.  You can make a better decision by learning about how this can …

The RBI guidelines for personal loans set the rules that every bank and NBFC must follow. These guidelines decide how lenders charge interest, verify applications, share loan details and recover EMIs. They exist to keep the borrowing process fair, transparent and safe for every customer. They also protect you from hidden charges and unethical recovery …

Several lenders offer small personal loans online, making them easily accessible and therefore, a popular option. These short-term loans are best suited for tackling your small needs. You can get the required funds quickly and repay comfortably in your chosen tenure. Some of the ways in which you can use the funding are:  Managing medical …

It has become quite difficult to identify whether it’s a legit or a fraud loan app as umpteen fraudulent applications offer loans to customers with wrong intentions. Such cases have increased due to a rise in digital lending. However, you can avoid falling into a trap set by these applications by taking certain precautions.  Read …