6 common myths about personal loans that could cost you money

6 common myths about personal loans that could cost you money

For any financial emergency or any other purpose, you can rely on personal loans. They are quick and easy to get, provided you meet the eligibility criteria. They are collateral-free. You don’t need to tell the bank or NBFC the purpose for which you will be using the personal loan money. The demand for personal … Read more

Personal Loan: What is a debt trap and how to avoid getting into one?

Personal Loan: What is a debt trap and how to avoid getting into one?

Financial constraints are a reality for many at some point in their lives. In challenging times, taking out a loan can provide temporary relief. However, this can sometimes lead to a more significant problem known as a debt trap. What is a debt trap? A debt trap occurs when you take on new debt to … Read more

Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

If you want to raise an instant loan to meet immediate financial need which could range from a medical emergency to paying for a vacation, make sure that you get the best deal possible. One of the key factors to consider is that the interest on personal loan does not carry any GST on it. When a … Read more

Personal Loans: 7 mistakes that you should avoid for smooth repayment

Personal Loans: 7 mistakes that you should avoid for smooth repayment

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