Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services. Also Read | 10-minute personal loans: Fast money or a fast track to debt? Due to … Read more
Personal loans are generally taken in India for satisfying one’s current financial needs, but do remember a higher rate of interest can increase repayment difficulties. Now, it is interesting to note that, even when you’ve taken a loan, there are certain methods which you can adopt so as to lower your personal loan rate of … Read more
The Indian stock market continues to remain volatile due to the ongoing geo-political issues such as: Trump’s tariff threat, Russia-Ukraine war, global inflation, high interest rates etc. All these issues have cumulatively resulted in India’s benchmark Nifty 50 index suffering a swift correction of more than 10% over the last six months. Nifty 50 has … Read more
The choice between appropriate loan options becomes vital for urgent financial situations. The freedom they both grant comes from different loan functionalities of overdrafts and personal loans. Knowledge about their fundamental variations helps you decide better and achieve ultimate savings. What is a personal loan? Personal loans function as unsecured financing which allows you to … Read more
Several different forms of debt such as credit cards demand personal loans and medical expenses become complicated to handle at once. You can simplify debt repayment through debt consolidation loans which also help you decrease both interest costs and payment complexity. Understanding this choice requires specific information for potential applicants. What is debt consolidation? Debt … Read more
If you are planning to apply for a personal loan in 2025, remember that you need to plan things well in advance. From checking your credit score to carrying out proper research on the lender – everything plays an important role. Then there are numerous nuances linked to it. For example, what if the bank offers … Read more
A personal loan is quite different from other variants of loans. Unlike other loans such as a house loan or a car loan, a personal loan is an unsecured loan. Rate of interest charged on personal loan is usually higher than that of other loans and it does not require a collateral from the borrower. Key … Read more
Usually when a personal loan is disbursed, the loan seeker is free to use the money for anything s/he wishes to. Unlike home loan repayment, personal loan borrowers are not given any income tax benefit. However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the personal loan proceeds … Read more
In case of a sudden medical expenditure, Indians take a loan generally to bridge the gap. However, between a medical loan and a personal loan, do you opt for one over the other? Read ahead for both of them to choose wisely: Medical loans: They are meant for medical expenses Medical loans are tailored to … Read more
When you are running low or have completely run out of internet data on your mobile, you can easily do a top-up. A top-up gives an instant boost to the internet data. Similarly, if you have taken a personal loan and need more funds, you can go for a personal loan top-up. In this article, … Read more