When an individual who has a loan on him passes away with an outstanding amount, it raises several critical questions about the repayment of such debt along with the future course of responsibility for clearing the pending amount. That is why understanding the financial and legal consequences about debt repayment post the demise of an … Read more
Sometimes, individuals come across situations that can drain their finances or lead to income stopping. For example, a major medical emergency, accident, etc., can lead to a huge hospital bill and drain personal finances. A situation like Covid led to many people losing their jobs, a pay cut, etc. During such situations, servicing personal loan … Read more
Managing personal loans through EMIs, are key to financial stability and saving borrowed money in the long run. Heavy EMIs can play havoc with your monthly budget, but there are useful tips to ease the burden. To make your financial life simpler, this article talks about some ways to lower the EMIs of your current … Read more
Personal loans have become a popular tool for individuals in India to manage financial challenges such as medical issues, home renovation, travelling expenses, etc. However, securing the best interest rates is crucial to maximise savings. Let us discuss some basic fundamentals to help you secure the best possible personal loan interest rates in 2025. Overview … Read more
Personal loans are now looked upon as a simple and easy way of receiving money by aspirational borrowers. These instruments help in meeting all kinds of requirements such as: medical expenses, home building and construction, higher education etc. On similar lines, ICICI Bank, one of India’s leading private sector banks, has a hassle-free process of … 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
Personal loan: If you are planning to raise a personal loan, it is vital to note that it usually has a fixed interest rate, which means the monthly instalment at which you start paying at the start of the loan will continue till the end of the loan. However, there are three variables on which … Read more
Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and what factors you … Read more