Personal Loan Blogs

A personal loan is a credit instrument that is increasingly becoming popular as it is an unsecured loan. This means you don’t have to submit or pledge any assets as security to get a personal loan.  The best part is that you can use the borrowed funds without restrictions. Personal loan disbursement is also very …

Highlight: With the growing popularity of personal loans, it’s essential to know how your debt–to–income ratio affects your personal loans. The debt-to-income ratio is a crucial factor that financial lenders check while assessing your loan applications. This ratio, also known as the DTI ratio, helps financial institutions assess your repayment ability. Lenders check this ratio …

Highlight: Get a low-salary loan for great interest rates from Fibe. Personal loans are more readily available than any other type of loan. It’s not new information that financial institutions prefer to lend to those with a steady income as they will be able to make regular payments are less likely to default. Low-income individuals, …

The pandemic has caused a stir in the job markets. Many have faced pay cuts, and some even lost their sources of income. These factors have increased personal debt even more, with most professionals struggling to pay off their existing loans. Recently, many financial organizations have lowered the interest rates for their loan products. If …

There are times when you need quick cash for family expenses, medical emergencies, etc. In situations like these, you may not want to redeem your savings. Hence, a personal loan proves to be an effective source of money, as lenders allow you to borrow the loan without any restrictions on the reasons for borrowing. Amid …

Personal loans are becoming a popular source of financing as a result of expanding needs of the average Indian consumer. Quick personal loans help fulfil both, emergencies or unforeseen demands along with your planned goals.  You can utilise personal loans to support a range of requirements such as: Paying utility bills Home renovations Wedding expenses  Vacations or …

Highlight: This Diwali season, indulge in luxury shopping this festive season with the EMI route! Going into the festive season this year, do you find yourself stuck in a dilemma to indulge yourself in shopping or to sit back and sulk your way back? Festive seasons can get us a great purchasing window that otherwise …

Income is a crucial factor for lenders, so it is sometimes difficult to secure a personal loan with a minimum salary from a traditional financial institution. However, many inclusive online lenders offer personal loans with simplified eligibility criteria, including income parameters.  You can also employ certain strategies to improve your eligibility and increase the probability …

Highlight: People can be confused about what to do after their personal loan application is rejected. Read on to know what one can do once this happens. When you realize that the personal loan application has been rejected, you might be left confused. As a borrower seeking capital, you need a clear path to understand …

Table of contents: Step-by-step guide to get a Fibe Personal Loan FAQs on personal loan documents Long gone are the days where you had to fill out long forms and attach innumerable documents to apply for a simple personal loan. The process of application itself was so tedious that many prospective applicants tried to steer …