Personal Loan Blogs

‘Can we take two personal loans at a time?’ is a common question you may have when you need substantial financing. The good news is that you do so. These additional funds allow you to handle various unexpected or planned expenses like: Read on to know more about getting two personal loans simultaneously, important things …

Being clear about the features of a mortgage loan vs personal loan can transform your credit experience. It boils down to attaching an asset as security for the amount you plan to borrow, which can have far-reaching consequences on your future financial health.  You can make a better decision by learning about how this can …

Whether it’s making the down payment on your car or managing unexpected medical bills, a personal loan is a sought-after way to access funds quickly. In case you’re planning to get credit via this mode, knowing about the RBI guidelines for personal loans is essential.  Through these guidelines, the RBI aims to promote fair practices, …

Several lenders offer small personal loans online, making them easily accessible and therefore, a popular option. These short-term loans are best suited for tackling your small needs. You can get the required funds quickly and repay comfortably in your chosen tenure. Some of the ways in which you can use the funding are:  Managing medical …

It has become quite difficult to identify whether it’s a legit or a fraud loan app as umpteen fraudulent applications offer loans to customers with wrong intentions. Such cases have increased due to a rise in digital lending. However, you can avoid falling into a trap set by these applications by taking certain precautions.  Read …

Want to apply for a personal loan with a CIBIL score of 600? Know that it can be challenging as most lenders prefer a higher score. Your score represents your creditworthiness, and therefore, holds great significance for your eligibility. Here’s a tabulated overview of what the score implies: Credit Score Meaning 800 – 900 Excellent …

Getting a personal loan with a credit score of 700 is possible but can be challenging and costly. This is because while some lenders consider it to be good, some prefer a higher score, generally above 750. And although the 50-point gap doesn’t seem that high, it has a significant impact on your eligibility.  To …

Making a part payment of a personal loan or choosing any of the other prepayment options offers many benefits. It reduces your interest burden and makes you credit-free early. You can choose the right option to increase your savings by understanding how they differ.  Read on to learn the difference between these loan repayment methods. …

A term loan offers an excellent means of financing when a business experiences a shortage of funds. Businesses need capital to cover their day-to-day operations and capitalise on growth opportunities. These expenses include paying rent for the workspace, purchasing raw materials, paying suppliers and covering utility bills. Read on to learn what is a term …

The Cash Reserve Ratio Rate (CRR Rate) is a tool used by the RBI to manage money flow in the economy. It’s the percentage of total deposits that banks must keep with the central bank. This money doesn’t earn any interest.It may sound technical, but CRR impacts you too. It can affect your loan interest …