India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal loans The personal … Read more
In today’s fast-paced financial landscape, personal loans have become a go-to solution for various needs, from home renovations to unexpected medical expenses. However, the allure of quick access to funds can sometimes overshadow the potential pitfalls, particularly the hidden fees that can significantly inflate the overall cost of borrowing. In this article, we’ll explore common … Read more
Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies (NBFCs), or fintech lenders and are quite handy to address short-term financial needs, which include but … Read more
Applying for a personal loan in Delhi can be a practical solution for unexpected financial needs, whether it’s for home improvements, starting a small business, or consolidating debt. With numerous options available, navigating the application process might seem daunting. Here’s a comprehensive guide on how to apply for a personal loan in Delhi, covering eligibility … Read more
Applying for a personal loan can be a crucial financial decision, offering you the necessary funds for various needs—be it education, medical emergencies, or home renovations. However, before diving into the application process, it’s essential to consider several factors to ensure you make an informed choice. Here are five critical aspects you must not overlook … Read more
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
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
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
Are you tired of spending hours calculating EMIs for your personal loans? It’s time to simplify this tedious task with an EMI calculator! With just one tap, you can access all the details you need. But what exactly is an EMI calculator? What is an EMI calculator? An EMI calculator is an online tool that … Read more
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