The Vibe Journal: Finance Blogs

Microfinance meaning, in simple words, indicates providing banking facilities to those who do not have access to traditional financial services. Financial services are an efficient way to help meet your personal goals. But how do these solutions impact the economy on a larger scale? Obviously by facilitating cash flow and liquidity in the market.  That …

There is no doubt that knowing how to check bank balance is important. It helps you track the receipt of funds, plan your budget and even help you understand if you need to get credit to fulfil your needs. Apart from actually visiting your bank, checking balance today is easier than ever. In this digital-first …

Loan syndication is a process where lender parties collectively provide credit facilities to a borrower. Such loans fund large and complex expenses, like: Expansion of a business  Infrastructural development by a company Acquisition of other businesses Merger with another company  Knowing the loan syndication meaning and process can help you when you apply for such …

Knowing what a co-applicant means is essential before applying for a loan. Involving a co-applicant in your borrowing process can improve your loan approval chances and help you get affordable loan terms.  Loans are an efficient way to secure funding without depleting your savings or liquidating your investments. However, if you’re finding it difficult to …

Knowing how do personal loans work is crucial as it will help you secure quicker and more seamless access to funds. A personal loan can help you achieve your planned goals or meet urgent needs. Whether it is to remodel your home, upskill yourself, or pay for medical emergencies, it is a fast and convenient …

Wondering how a personal loan actually gets to your account after approval? Well, you’re not the only one! Many people ask: How long does it take? What steps are involved? When will I get the money?  Here’s a full guide to answering all those questions in one place. We’ll explain the personal loan disbursement process, …

NBFCs are non-banking financial companies that can offer credit and investment options. NBFCs are known to be more technology-focused as compared to traditional banks. An instant personal loan by NBFC is usually easier and faster to avail. However, the NBFC personal loan interest rate may sometimes be higher than that offered by a bank. Read …

The RBI guidelines on foreclosure charges on personal loans prohibit lenders from levying this charge on credit with floating rates. The prepayment charges apply if you decide to repay your loan amount in a single payment before the end of the tenure. Usually, personal loan foreclosure charges vary between 2% and 6% of the outstanding …

When you sign up for a loan after receiving approval on your application, your agreement contains the mutually agreed upon tenure or repayment duration. However, there are several reasons why you may want to pay off your loan early. You may have received surplus funds, returns from investments or a bonus from work. The reason …

Knowing how to check loan status is essential. This is because while a personal loan online offers a convenient method of financing your expenses, you do not simply get the funds once you send in your application. Lenders take numerous steps to verify and process your application. As such, the entire process can take some time. …