Personal Loan Blogs

Taking a personal loan is an easy way to get financing, but it comes with responsibility. Sometimes, it is possible that you may find it difficult to keep up with timely payments. In such cases, you may think about doing a settlement. It is an arrangement between you and the lender to pay off 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 …

A flexi loan is a type of credit that gives you access to finances when needed and the flexibility to repay when you can. Instead of getting a lump sum amount all at once, you get a sanctioned credit limit from which you can withdraw funds as and when required. Overall, this type of credit …

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 …

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, …

With fintech advancements, the lending sector in India has progressed by leaps and bounds. Today, consumers no longer have to stand in queues to get loans, as almost all financial undertakings can be completed online. While this ease of access is admirable, loans are still the same financial responsibility they always were. As such, it …

When you take a loan or use a credit card, you probably look at the interest rate first. But have you ever noticed the term APR and wondered what it actually means? APR or Annual Percentage Rate goes beyond just the interest rate — it shows the true cost of borrowing, including extra fees and …

Personal loans help you address both unexpected and planned expenses. From managing unforeseen medical costs to funding your dream vacation, it helps you finance a range of expenses. In fact, according to the Statista report, personal loans in India increased from 6.47 trillion in the financial year 2021 to approximately 8 trillion in 2022. This …

Getting a marriage loan can help you organise the wedding of your dreams. Preparing for your wedding requires months of careful thought and planning, like every grand celebration. During the planning period, you need to take care of umpteen tasks. Add to it the possibility of an unexpected expense that may affect your budget plan …

Getting instant funds on meeting simple terms coupled with personal loan tax benefits makes this option a popular choice. This unsecured financing solution helps you fulfil personal requirements like: Personal loans are the quickest way to arrange funds when you are in need. Furthermore, understanding the personal loan tax benefits and how to claim them …