Personal Loan

Hela August 20, 2019

Unsecured finance, which includes both credit card debt and personal loans amounted to INR 5,00,000 Crores at the end of FY18. This number is double of the FDI inflows (INR 3,00,000 Crores) into our country during the same fiscal year. A large chunk of unsecured finance goes towards financing consumption largely addressing home renovation, purchase […]

Hela August 16, 2019

From purely the financial benefit point of view, you should make a bulk repayment in your loan. By Chaitali Dutta Is the interest rate on a personal loan fixed for the whole tenure? – Gautam Very few bank loans in India are on a fixed interest rate basis. Personal loans are also on a floating rate. […]

Hela August 9, 2019

FILE – In this Feb. 8, 2019, file photo a pedestrian walks down South Broad Street in Philadelphia. Bounce back from a personal loan rejection by building your credit score, growing your income and paying off debt. Shop around and apply at lenders whose minimum qualifications you meet. (AP Photo/Matt Rourke, File) Getting rejected for […]

Hela August 5, 2019

There are specific differences between short and long-term personal loans and depending on your requirement and repayment capacity, opting for the better choice is important. Let us observe some of the differences in order to help you make an informed decision. Loan tenure Short-term personal loans usually come with tenures starting from 3 months. Payday […]

Hela July 28, 2019

If you need money fast, a personal loan may seem like the right answer, allowing you to get a lump sum of money within a few days. Before jumping in headfirst, though, you should understand how personal loans work. Personal loans have many uses, including consolidating debt, paying for home repairs, or paying major medical bills. Some […]

Hela July 19, 2019

A good rule of thumb to follow to avail the loan is to meet the lender’s eligibility criteria(Bajaj Finserv) Applying for a personal loan is usually fast and easy, as it is a collateral-free financing solution. You can apply for one online within minutes. However, lenders grant the loan based on certain criteria to ensure […]

Hela July 16, 2019

When you’re applying for a personal loan, it may seem like the terms and conditions are written in another language. To help you out, here’s a primer. These 19 personal loan terms will bring your vocabulary up to speed and help you make the right decision. 1. Annual percentage rate (APR) How much you pay to […]

Hela July 14, 2019

“Apply for credit cards and personal loans via Samsung Pay and get instant approval from Paisabazaar.com with its ‘Chance of Approval’ feature” Samsung’s mobile payment and digital wallet app Samsung Pay has been made a one-stop solution for financial needs. The chaebol has added a new feature to the app that allows users to apply for […]

Hela July 10, 2019

When you apply for a personal loan, you want to maximize the chances you’ll be approved. After all, when you need the money, there’s nothing more frustrating than a lender denying your loan request. To make sure you aren’t disappointed by a surprise denial, it’s helpful to understand some of the key factors lenders consider when […]

Hela July 9, 2019

A personal loan is an unsecured loan. It is the reason behind personal loan interest rates being higher than other loan interest rates. The interest rate charged on a personal loan depends on the personal loan eligibility criteria of the borrower. Interest rates on a personal loan determine the cost of the loan that you […]