From tax-saving tips, ways to manage your loan to personal finance — this is the ultimate finance blog for all your queries.
If you’ve applied for a personal loan, one of the first things you might wonder is – ‘what is a personal loan sanction letter and why do lenders issue it?’ This document is a vital part of your loan journey, as it confirms whether your loan is initially approved and on what terms. Before the …
Loans are easy and quick to apply for without risking any assets. However, there are several factors for you to consider before applying for instant personal loan to ensure that it is the right choice for you. Read on to know what they are and how you can avoid common mistakes while applying. Factors to …
To fulfil some dreams, you don’t need to wait for your savings to stack up. With personal loan, you can cover varied expenses, be it purchasing a new gadget or a vacation. But what if you have exhausted your existing loan and need additional funds? To cover the expense of such needs, you can get …
A personal loan lets you borrow a fixed amount and repay it in equal monthly instalments, or EMIs, over an agreed tenure. Most personal loans are unsecured, so you don’t have to pledge any asset as collateral. You can use one for needs such as home repairs, a course, a medical bill or a family …
A personal loan gives you access to funds without any collateral once your application is approved. Then what happens? How does the money get to your bank account? If you have wondered about the loan process, you are not the one. Many people ask: How long does it take to get the money after approval? What do lenders …
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 …