Personal loans come in rescue when individuals suffer from sudden or unexpected financial challenges. Some major challenges during which personal loans come in handy are: medical expenses, education expenses, surgery costs, marriage expenses etc. Still, even after all the ease such personal loans provide borrowers it has been witnessed that the process of foreclosing i.e., … Read more
Not being in the pink of financial health could prompt you to take out a personal loan. And if your financial situation is bad, you may get tempted to take out a personal loan in a jiffy. Although it is not recommended to borrow money without exercising due caution, but if you cannot help doing … Read more
During a medical or any other emergency, an individual may take a personal loan from the first lender willing to approve and disburse the funds. However, once the emergency is taken care of, the individual may realise that the personal loan which they have taken has come at a higher interest rate than required. In … Read more
India is a country that cherishes relations, humility, and affection. Perhaps that is why being a loan guarantor might easily appear to be a mere act of kindness. However, it is important to acknowledge that being a loan guarantor entails high risks and complications you should be aware of. Below are seven key risks of … Read more
Pre-closing a personal loan from any bank is a good financial decision, but one must be cautious while doing so by keeping certain important points in mind. Firstly, a personal loan is a very risky line of credit that borrowers avail. This is risky because it comes with the potential of higher repayment terms, interest … Read more
Closing out old accounts of credit is a serious decision when it comes to your credit score, one that most people are unaware of. With so many Indian consumers looking for ways to mend their credit well-being, it is important to look at the effect closing out old accounts has. This particular write-up is dedicated … Read more
ICICI Bank offers divergent personal loans for fulfilling different finance needs of the customers. Now, if you may have taken a personal loan from ICICI Bank then you should check your outstanding amount consistently so that you are in a position to handle your finances in a planned manner. This article is dedicated to help … Read more
A sudden drop in your credit score can be a shock, especially when you do not know why this has occurred. For borrowers in India, a good credit score is the key to taking personal loans and credit cards at the minimum rate of interest possible. That is why knowing about your credit score drop … Read more
In today’s technology driven rapidly evolving times, an integral part of handling your money is knowing how your personal loan application is coming along. HDFC Bank being a leading Indian financial institution, helps in facilitating the same in seamless fashion. There are simple means of seeing the status of your personal loan application online if … Read more
Life’s most consequential change of status brings extensive social transformations and emotional impacts which also affect your financial situation. Joint financial decisions made with your spouse will impact both your creditworthiness regardless of how marital union does not immediately merge credit scores. Knowledge about how marriage impacts your credit can assist you both to make … Read more