In this article, while we will try to establish a structure to personal financial audits, we should also acknowledge that since we are emotionally attached to our finances (and we also have our own biases), it would be necessary at times and for some people to have some external intervention, like getting professional investment advisers … Read more
However, while the bank makes the loan sanction and disbursement part smooth, you should make sure the repayment part is smooth. Let us discuss some personal loan mistakes you should avoid for smooth repayment. Also Read: Applying for a personal loan? Here are essential dos and don’ts you must keep in mind Opting for a … Read more
Does obtaining a loan contribute to building credit score? Utilising personal loans can serve as an effective method for enhancing credit score, yet it’s essential to consider certain factors to ensure they positively impact your score. Here’s a detailed overview of the critical aspects: Lenders must report your timely payments to the bureaus to truly … Read more
Personal loans play an important part in the financial landscape, providing individuals and businesses with the financing they need to fulfill their objectives. Effective loan management, on the other hand, necessitates a complete grasp of the loan lifecycle as well as the use of best practices at each stage. Personal loans are a useful instrument … Read more
A personal loan intended only for central and state government employees is known as a government personal loan plan. Through this program, government employees can apply for personal loans to help them with unforeseen financial difficulties. Benefits and features of government personal loan schemes Banks only provide government employees with government personal loan plans, which … Read more
Anytime can be an unexpected time for financial events to happen, even after you’ve taken out a personal loan. If you need more money while paying off a current personal loan, is it feasible to get another one? A personal loan is a useful tool for financing both planned and unforeseen costs. For numerous expenses … Read more
Lenders examine myriad factors when reviewing your application for a personal loan to assess your eligibility and determine the interest rate you can receive. They want to lend money responsibly and make sure borrowers can afford to repay it, so they are cautious in their evaluations. The following are some important factors that affect the … Read more
Lenders analyse your credit information thoroughly to evaluate your creditworthiness when you apply for a personal loan. Lenders frequently review the following credit information: Credit score: Your credit score is a number that indicates how creditworthy you are; it typically ranges from 300 to 850. A higher score denotes better credit standing. Credit report: This … Read more
A frequent use of personal loans is covering medical expenses, which many people opt for. Here’s the rationale behind this choice: Flexibility: Personal loans offer freedom in expenditure, unlike certain other loan types. This flexibility allows you to address a range of medical expenses, such as hospital bills, treatment fees, medication, dental procedures, or vision … Read more
In an interview with MintGenie, Kathuria said that the repayment period for top-up home loans usually goes up to 15 years, with some lenders offering loan tenures of 20 or even 30 years. Edited Excerpts: Q. Can you summarize how top-up home loans work for existing borrowers? How do they differ from traditional home loans, … Read more