The Vibe Journal: Finance Blogs

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 …

Personal finance is all about managing your money and making wise financial decisions. The principles of personal finance help you figure out how to achieve your goals by making your money work for you. They apply to understanding your current and future: Income Expenses Investments Debts  Personal finance includes budgeting, saving for retirement, investing as …

In auto debit, your bank simply deducts the bill or EMI amount from your account on the due date without you making the payment yourself. The money is taken automatically, which helps you avoid late fees, missed payments and the stress of remembering monthly due dates. The automatic debit meaning is simple. It is a …

The advantages of a personal loan are numerous. Customers today are embracing this credit solution to meet their planned and unexpected financial needs. In fact, there has been a 20% growth in the utilisation of personal loans, amounting to a total of ₹40 lakh crores as of February 2023. With the advent of digital lending, …

The days of organisations benefiting from a straightforward retirement plan or all-inclusive health insurance have long passed. Millennials, particularly Gen Z, are demanding more extensive, inventive, and distinctive fringe benefits. Besides benefits like work-from-home alternatives and flexible paid time off policies, financial wellness programs are quickly gaining popularity. Here is a brief explanation of financial …

A credit score is one of the first measures a lender considers when you’re applying for a loan in India. It’s this information helps the banks and lending institutions evaluate any individual’s creditworthiness and repayment ability while applying for a loan. So, does it mean that people without credit scores aren’t eligible for a loan? …