What are the key factors that affect personal loan interest rates?

What are the key factors that affect personal loan interest rates?

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

Top 3 reasons to consider a personal loan for your financial needs

Top 3 reasons to consider a personal loan for your financial needs

You never know when a financial emergency might arise. Personal loans are one of the most preferred forms of debt during such times due to their versatility and diverse uses. Here are three reasons why you might consider taking a personal loan: Home renovation Building a house is just the beginning; every home needs renovations … Read more

How to get an instant personal loan online? A step-by-step guide

How to get an instant personal loan online? A step-by-step guide

A personal loan can be a useful financial tool for various needs, whether you have an upcoming event, want to take a relaxing holiday, or face an emergency requiring quick cash. With a personal loan, you can access funds without needing collateral, and the application process can be completed online in just a few simple … Read more

Personal Loan: 5 ways to fund your wedding; see details

Personal Loan: 5 ways to fund your wedding; see details

If you have a wedding scheduled in a few months, chances are that you have already accumulated enough money to organise the celebration for the big day. However, if the wedding is still some years away, then you are supposed to have a well-organised plan for saving funds for the same. Here, we share a number … Read more

Credit card dues: 7 effective ways to manage your debt wisely

Credit card dues: 7 effective ways to manage your debt wisely

In today’s consumer-driven society, credit cards have become an essential financial tool. While they provide convenience and flexibility, they can also lead to significant debt if not used wisely. Failing to pay credit card bills on time can create serious financial problems. Let’s explore effective strategies for managing credit card debt and regaining control over … Read more

Personal Loans: How can you identify hidden charges before signing a loan agreement? 6 key tips

Personal Loans: How can you identify hidden charges before signing a loan agreement? 6 key tips

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

How to compare personal loan offers from multiple lenders? Here are 5 key factors

How to compare personal loan offers from multiple lenders? Here are 5 key factors

Choosing the right personal loan can significantly impact your financial situation. With numerous lenders offering various options, it’s essential to carefully evaluate offers to find the best deal. Here’s a guide to the key factors to consider when comparing personal loan offers from different lenders, ensuring you make an informed decision. Key factors to consider … Read more

How to apply for a personal loan in Delhi? A step-by-step guide

How to apply for a personal loan in Delhi? A step-by-step guide

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

Big fat Indian weddings: 6 tips for managing post-wedding debt in India

Big fat Indian weddings: 6 tips for managing post-wedding debt in India

Weddings in India have transformed into extravagant celebrations, often leading couples to seek significant funding. Wedding season is about to start, and this is the time when people start applying for wedding loans. This requires a well-thought-out decision to recognise and avoid predatory lending. Post-wedding debt can feel daunting, but with a solid strategy, it … Read more

Personal loan: A beginner’s guide to get an instant loan

Personal loan: A beginner’s guide to get an instant loan

A personal loan is an unsecured loan given to meet immediate financial needs of people. Lately, it is quite common for banks to offer instant loans in this category. These instant loans are given to meet urgent financial assistance. There could be a number of reasons for which an instant personal loan is applied. This could … Read more