Credit review or appraisal is an essential part of your loan approval process. To understand why it is done, think from the lender’s point of view. Lending is associated with the risk of late repayment or non-payment. To minimise this risk, lenders conduct a review to ensure they offer financial assistance to trustworthy borrowers who […]
A loan closure certificate or a No Objection Certificate (NOC) is an essential document that you should acquire after successfully repaying the loan. Keep in mind that your borrowing journey does not end when you repay. There are some legal formalities that you need to complete after successful repayment too. One of these formalities is […]
A balance transfer in a personal loan is an excellent option to manage your repayment and even save on interest. This facility allows you to transfer your loan balance from one lender to another, which is a feasible solution when a new lender offers a better interest rate than your current one. However, to make […]
Different types of loans help you cover varied expenses by bridging financial gaps. Lenders, such as banks and NBFCs, offer loans based on your usage, eligibility and their internal policies. You pay interest to enjoy the facility to borrow, so shopping for affordable rates should be your priority when you are looking to borrow. Planning […]
A flat rate of interest differs from a reduced rate, so before you choose a loan, knowing which is better for you is important. Lenders offer various types of interest rates and a suitable option that can lower your borrowing costs. Read on to understand flat vs reducing interest rates. What is a flat interest […]
You may have heard of lenders who waive loans or write them off. When a borrower fails to repay the loan instalments for 90 days, banks and other lending institutions consider it a bad debt or a non-performing asset (NPA). That is when they take action by either waiving off loans or writing them off. […]
A loan overdue occurs when you fail to pay the EMI of your loan, be it a personal, home, auto or any other form of loan. While availing a loan has become simpler, repaying it on time is equally essential. Often, borrowers miss an EMI due to a financial emergency or unexpected job loss. In […]
Today you can finance an iPhone via affordable EMIs both online and offline with ease. Many lenders in India offer a plethora of short-term loans or credit card options that you can use to buy your iPhone. With so many options, choosing one can be difficult, especially when you want to buy an Apple iPhone […]
When looking to buy a TV under ₹20,000, it is vital that you research your options. Most of these TVs have smart features offering internet connectivity, OTT subscription, voice assistance and more. Some models also have outstanding visual and audio quality, and you have many options to choose from. Moreover, you can pay for a […]
A personal loan statement is released by a financial institution or loan provider and contains all your loan details and transaction history. When it comes to managing your loan, it is essential that you have a record of all your transactions, from EMIs to prepayments. All information in one place ensures you make informed decisions […]