The Vibe Journal: Finance Blogs

Collateralised loan obligations or CLOs, are an investment option that has the potential for higher returns. They are an alternative to corporate bonds and have a history of stable performance.  Read on to learn what CLOs are, their structure, process and more. What are Collateralised Loan Obligations? Here are some key points about CLOs: Here …

You can now download an income certificate online through a simple process, which reduces the hassle when applying for a government scheme. This certificate is an official statement issued by the state and central governments.  It is an essential proof of eligibility required for various schemes as it confirms your annual income from all sources, …

The reasons for personal loan requirements are many as there are no end-use restrictions on the funding you receive. As such, you can tackle several needs without any hassles or financial strain. Here are the top 8 instances where it can be an ideal option.  When Should Take Out a Personal Loan? Know more about …

When you buy a mobile on EMI, there are several options. Nowadays, mobile phones are not simply used for communication but as a lifestyle choice, with many high-end options available. However, paying for such devices in a lump sum can increase your financial liability.  Therefore, you can opt for a mobile loan with affordable EMI …

Wondering if you can get a personal loan against a cash salary? The answer is yes. While salary slips are a common income-proof document required by most lenders, there are other options through which you can get funding even if you don’t have them.  From applying with a different lender to submitting alternate proof, here …

Getting a personal loan for investing in stock markets, also known as leveraging or gearing, can sometimes be a smart decision, offering excellent benefits. No wonder why most investors use this technique to accumulate sizeable corpus.  Apart from stock markets, wherein the returns depend on market climate, you can invest in traditional avenues like fixed …

Offering a fake loan approval letter is a common tactic scammers use to entrap innocent people. Using a fake approval letter, lenders extend a lucrative and enticing loan offer, which can lead to huge financial loss if you accept it. Thankfully, identifying such attempts by fraudsters is not difficult if you know what signs to …

The principal amount, interest rate and tenure are the key loan terms determining your total repayment amount. Given this, it’s crucial to calculate the impact of these factors to determine if the loan fits your budget. Calculating total interest payable depends on the interest rate and the tenure, which is a simple calculation. Doing these …

Are you considering opting for a personal loan pre-closure? Repaying your loan before the tenure ends is a great and popular way to save on the interest. However, it is a decision you must make after careful consideration to ensure you get the maximum benefits. This is because you may have to pay penalties and …

Involving a loan guarantor when applying for credit is a smart decision to increase your approval chances. One of the most essential criteria lenders consider while assessing your loan eligibility is your credit score. If you have a low score or your previous experience at handling credit hasn’t been fruitful, you may find it difficult …