Is Opting for Pre-Closure of a Personal Loan Right Option
Posted on Thursday, March 28th, 2024 |

People generally apply for a personal loan when they need funds for unplanned expenses. They consider closing a loan whenever they have the required funds to avoid paying interest. As these loans are unsecured and given keeping in mind the current income and CIBIL score of the borrower, the rate of interest is usually higher…
Read moreHow to Get a Personal Loan on an Aadhaar Card?
Posted on Thursday, March 28th, 2024 |

In today’s uncertain world, unexpected financial challenges can cause significant distress. Despite having healthy financial habits, insurance coverage, and emergency funds, a sudden need for finance may arise anytime. Personal loans can be a valuable tool for handling such financial difficulties. What makes personal loans a great choice when you are in need is the…
Read moreHow do you choose between a personal loan vs using securities as collateral for a loan?
Posted on Thursday, March 28th, 2024 |

Uncertainty is constant despite having a robust financial plan in place. Unanticipated financial crises may arise at any moment in life due to health emergencies, sudden job loss, damage due to natural disasters, etc. Moreover, you may often fall short of funds for children’s higher education, sudden home renovation, and potential investments. These situations may…
Read moreCan Becoming a Loan Guarantor Affect Your Credit Score?
Posted on Thursday, March 28th, 2024 |

A Loan Guarantor, as the name suggests, is an individual who guarantees that he or she will repay any unpaid portion of a loan if the person who is borrowing defaults on repayment. Why are Guarantors Required? Banks and Financial Institutions usually ask a person applying for loan to provide a guarantor when the applicant…
Read moreOptimising Tax Advantages: Proper Documentation of Personal Loan Utilisation
Posted on Thursday, February 29th, 2024 |

Personal loans are your saviour when you need a financial boost. They help you get instant funds to manage your cash needs without much hassle. The best part? No collateral is needed. Many turn to personal loans owing to their simple and quick nature. But there’s more to personal loans than just quick financial relief….
Read more