Personal Loan Blogs

A personal loan is an unsecured loan designed to help folks meet their financial needs. By definition, a personal loan is one where you don’t need to pledge any security or collateral while opting for it. The lender provides the borrower with the flexibility to use the funds as per their own requirements. On closer …

When it comes to personal loans, instant approval is a characteristic no customer would decline. In fact, such a feature is prioritized. Fortunately, competitive credit markets give us plenty of choices. Based on your needs and requirements as a borrower, you can choose from a plethora of options available with banking institutions. SBI has several …

The personal loan preclosure charges are among the charges you will likely pay when repaying your loan. However, it is a conditional charge, levied only if you decide to prepay your loan.   That said, most borrowers availing these unsecured forms of credit may be unaware of the charges they have to incur during the prepayment …

Millennials rate experiences above all else. The world may have inclined towards materialistic possessions thus far, but for this demographic, all that is trumped by the real experiences that stay forever. After all, those are the moments to be lived for.  Experiences are what makes someone who they are. Nothing can be taken into the …

Personal loans are ideal for both aspirations and pressing financial needs. Called an unsecured loan, this type of credit is extremely popular, making up 28% of all bank credit in India. Unsurprisingly then, there’s no shortage of lenders seeking to meet this market demand. Some even give you instant approval after applying, and you can …

Debt consolidation relates to the process of taking out a new loan to pay off other debts, generally unsecured ones.  Manifold debts are merged into a single one in which the payoff terms are favorable to you. A debt consolidation loan is that unsecured personal loan which is taken to combine all other debts into …

Compiled By: Anil SinhaAbout Anil: He is the Head of Engineering at Fibe, with over 15 years of experience, Anil is passionate about technology and has strong Leadership skills driven by core human values. He has worked on various techno-functional leadership roles with hands-on code and delivered complex products in the space of distributed data processing, especially …

It is only when we start earning that the fuss about tax saving begins. The very moment we get our paycheque and see the taxed amount, we realize the importance of effective tax planning. While there are many ways to reduce your tax burden, most of us often fail to take advantage of all the …

The COVID-19 pandemic and resulting initiatives such as lockdowns across the world have impacted the livelihood of millions globally as well as in India. As a result, many borrowers in India have witnessed a sharp decline in their income making it difficult if not impossible for them to keep making timely loan repayments. To provide …

Personal Loans are arguably the one-size-fits-all solution for all urgent and uncategorized needs for money. Unlike specified loans – like a home loan or an auto loan – these loans are usually unsecured, which essentially means that you can get them without any collateral and the money can be utilized for any purpose. The flexibility …