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Is it advisable to get a personal loan to consolidate multiple debts? Check pros and cons

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Is it advisable to get a personal loan to consolidate multiple debts? Check pros and cons

If you have multiple loans to service and want to repay them in one go, what would you do? Raising a fresh loan doesn’t seem like a rational thing to do. You can, however, opt for it if you want to retire the current loans and consolidate them into a fresh personal loan. You can … Read more

Personal Loan interest rates surge by 30-50 bps following RBI’s raised risk weightage in November 2023

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Personal Loan interest rates surge by 30-50 bps following RBI’s raised risk weightage in November 2023

Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank had increased interest rates on personal loans (PLs) after the Reserve Bank of India (RBI) had deemed them as riskier in November 2023, said a report by the Economic Times. Citing data … Read more