What are personal loans and how do they work?

What are personal loans and how do they work?

Are you dreaming of visiting your favourite country but finding yourself short on funds? Or perhaps you’re eyeing a luxury gift or need quick cash for miscellaneous expenses? A personal loan might be the solution you’re looking for! While personal loans are a popular choice for many, it’s crucial to understand whether this option is … Read more

6 primary factors that determine personal loan interest rate

6 primary factors that determine personal loan interest rate

A personal loan is an unsecured sum of money lent by a bank, which must be repaid within a specified timeframe, usually in monthly instalments known as EMIs. While personal loans offer a quick and hassle-free way to meet financial obligations—whether for weddings, higher education, or purchasing a car—the interest rates tend to be higher … Read more

Can a personal loan be your lifeline during a financial crisis?

Can a personal loan be your lifeline during a financial crisis?

In today’s fast-paced world, financial crises can hit unexpectedly. Whether it’s a medical emergency, sudden job loss, or unexpected home repairs, having access to funds can make all the difference. Many individuals are turning to personal loans as a viable solution to navigate through tough times. But how effective are they in alleviating financial distress? … Read more

Personal loans: These are the five key questions you should know before applying

Personal loans: These are the five key questions you should know before applying

If you happen to face a financial emergency or have a sudden need for money then you can explore the prospect of raising a personal loan from a financial institution. The financial institution could be a bank or a non-banking financial institution (NBFC). A personal loan is an unsecured loan that the borrower can raise … Read more

Personal Loans: Top 10 NBFCs offer loans at these interest rates; check full list

Personal Loans: Top 10 NBFCs offer loans at these interest rates; check full list

If you are staring at the shortage of funds on account of a wedding party that you have planned, an unanticipated emergency that has arisen, or a vacation that you have been looking forward to — you can arrange the money via a personal loan. You can raise a personal loan from a government bank such … Read more