Personal Loan Blogs

Getting a personal loan using your Aadhaar card for KYC has become easier with digital lending. Aadhaar can help lenders verify your identity digitally and reduce the need for physical paperwork during the application process.  However, an Aadhaar card by itself does not guarantee a personal loan. Lenders also assess factors such as your income, employment profile, …

The raging pandemic has led to economic uncertainty, and these uncertainties may occur any time without prior information. During these times banks, NBFCs, and other lenders tighten their lending norms due to the situation. With several lay-offs and pay cuts, there is a constant worry amongst lenders that their NPAs – the non-performing assets – …

A Personal Loan EMI calculator is a digital tool that helps you compute your monthly instalments instantly. This personal loan calculation method is a lifesaver as it lets you compare various loan offers with ease before you apply for a personal loan.  In fact, it simplifies loan planning and helps you make smart financial decisions.  …

Several financial institutions now offer personal loan for women with benefits like low-interest rates, lower EMIs, flexible repayment options and more. These institutions have followed the footsteps of the government initiatives launched to improve the conditions of women in the country. By applying for this credit facility, you can get funding at affordable rates and address …

A mobile phone loan allows you to buy the latest smartphone in the market with ease. Not only have these devices become ubiquitous across the country, but each new launch also brings better features and upgrades. Today, you can get a mobile costing anywhere between ₹1,500 to ₹1.5 lakhs.  The higher-end devices from reputed brands …

If your personal loan EMI is not paid on time, here’s what happens: a late fee (usually 1–2% of the EMI) and penal interest kick in right away, your credit score can drop by 50–70 points and the missed payment gets reported to credit bureaus within about 30 days. A single EMI overdue by even …

Personal loans can help you through some of the big purchases in your life while saving on interest rates and a lot of related hassle. Not surprisingly, reports suggest that the demand for personal loans has been increasing in the past couple of years. People generally avail of this facility to finance a home improvement, …

Everyone wants to be a millionaire or a billionaire, yet only a handful can accumulate remarkable wealth. The common notion is that millionaires are not self-made but benefit from their lineage. But that is not always the case. Many well-known people have generated substantial fortunes and become self-made millionaires, even billionaires, without an inheritance.  So, …