The Vibe Journal: Finance Blogs

An NBFC personal loan is a better choice if you want quick approval, minimal paperwork, flexible eligibility and fast disbursal without collateral. Compared to traditional banks, NBFCs usually offer a more digital and convenient borrowing experience, especially for urgent needs like medical bills, travel, education, home repairs or debt consolidation. However, compare interest rates, fees and repayment terms before applying.  Top Benefits of Choosing an …

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 …

You may check your personal loan status online by visiting the lender’s website or contacting the lender through email, chatbot, SMS or mobile app.  All financial institutions seek basic information such as the applicant’s registered mobile number, PAN, date of birth or application number before providing him with an update.  Your personal loan status will reveal whether your loan is …

This guide explains what a personal loan settlement means, when it makes sense and how to negotiate personal loan settlement terms step by step. It also covers common mistakes, the risks to your credit score and how to rebuild it afterwards. Read time: about 6 minutes.  Struggling to repay your EMIs and thinking about how to settle a personal …

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 …

 This article explains auto debit meaning in plain terms, covering what auto debit is, how EMI auto debit works for loan repayments and how it differs from UPI AutoPay. Read it in about 5 minutes to understand your rights, the setup process and how to use auto debit safely for loans, bills and subscriptions.  Auto debit meaning, …

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, …