The Vibe Journal: Finance Blogs

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 reaches your bank account after approval? You’re not alone! Many borrowers often ask: How long is the loan disbursement time after approval? What steps does a lender follow? When will the money finally arrive?   Here we’ve explained the personal loan disbursement process in a simple, conversational way so you …

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 …

Personal loan foreclosure means closing your loan early by paying the full outstanding amount. The foreclosure of loan process is simple. You request a foreclosure statement, check the dues and charges, make the final payment and get a closure confirmation or NOC from the lender. Foreclose loan means closing your personal loan before the scheduled …

Closing a personal loan early is a simple way to save on interest and become debt-free sooner. Many people choose to do this when they receive a bonus, returns from an investment or any unexpected extra income. It can also support your credit score by showing responsible repayment behaviour. The process of closing a personal …

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. …

Struggling to repay your EMIs and thinking about how to settle a personal loan without falling into default? A personal loan settlement can be a way out if you are facing job loss, salary cuts, or medical emergencies. In simple words, this process allows you to pay a lump sum amount, usually less than the …

You can use a personal loan as a great financial tool to meet a variety of needs, from home renovations to medical emergencies. However, knowing what you will have to pay is important to ensure that your decision is cost-effective. Here’s where the interest rate and other fees come into play. Lenders levy these charges …

When looking for quick credit, many borrowers ask: what is a flexi loan and how does it work? A flexi loan is a unique credit facility that gives you more control over how you borrow and repay compared to a traditional personal loan. Instead of receiving the entire amount in one go, you get access …