Personal Loan Blogs

When you sign up for a loan after receiving approval on your application, your agreement contains the mutually agreed upon tenure or repayment duration. However, there are several reasons why you may want to pay off your loan early. You may have received surplus funds, returns from investments or a bonus from work. The reason …

Knowing how to check loan status is essential. This is because while a personal loan online offers a convenient method of financing your expenses, you do not simply get the funds once you send in your application. Lenders take numerous steps to verify and process your application. As such, the entire process can take some time. …

Taking a personal loan is an easy way to get financing, but it comes with responsibility. Sometimes, it is possible that you may find it difficult to keep up with timely payments. In such cases, you may think about doing a settlement. It is an arrangement between you and the lender to pay off the …

You can use a personal loan as a great financial tool to meet a variety of needs, from home renovations to medical emergencies. However, knowing what you will have to pay is important to ensure that your decision is cost-effective. Here’s where the interest rate and other fees come into play. Lenders levy these charges …

A flexi loan is a type of credit that gives you access to finances when needed and the flexibility to repay when you can. Instead of getting a lump sum amount all at once, you get a sanctioned credit limit from which you can withdraw funds as and when required. Overall, this type of credit …

Personal finance is all about managing your money and making wise financial decisions. The principles of personal finance help you figure out how to achieve your goals by making your money work for you. They apply to understanding your current and future: Income Expenses Investments Debts  Personal finance includes budgeting, saving for retirement, investing as …

The advantages of a personal loan are numerous. Customers today are embracing this credit solution to meet their planned and unexpected financial needs. In fact, there has been a 20% growth in the utilisation of personal loans, amounting to a total of ₹40 lakh crores as of February 2023. With the advent of digital lending, …

With fintech advancements, the lending sector in India has progressed by leaps and bounds. Today, consumers no longer have to stand in queues to get loans, as almost all financial undertakings can be completed online. While this ease of access is admirable, loans are still the same financial responsibility they always were. As such, it …

RBI guidelines list a few terms relevant to investment and loans to ensure a robust and streamlined financial system. These terms are important to maintain transparency and for borrowers to understand what they are signing up for. These terms are also mentioned in the guidelines, as well as terms and conditions set by RBI. Among …

Personal loans help you address both unexpected and planned expenses. From managing unforeseen medical costs to funding your dream vacation, it helps you finance a range of expenses. In fact, according to the Statista report, personal loans in India increased from 6.47 trillion in the financial year 2021 to approximately 8 trillion in 2022. This …