A personal loan is an easy way to access cash, but borrower must keep several things in mind when finalising a loan
We have seen borrowers taking multiple loans for specific needs such as travel, lavish marriage, medical emergency, etc.
Borrowings of banks are at a fixed rate and it takes some time for the cost of funds to come down
Repayment of personal loans is draining as interest rates and charges are very high
A rental deposit loan is useful only for borrowers who cannot repay higher EMIs of personal loan schemes. But, during the loan tenure, you end up paying higher interest charges.
A little bit of planning and research can make your travel more enriching because of all the potential savings on money as well as time.
Keep loan EMIs to a maximum of 60 per cent of your salary to avoid getting into a loan trap
Compare wedding loan offers from multiple banks and NBFCs then choose the offer that most suits you. There can be significant savings in interest, processing fees and other charges by comparing and choosing the loan scheme carefully
A flat interest rate is a gimmick by lenders to lure customers into taking a loan without actually allowing them to understand what the entire scheme is all about.
The US stock markets – Dow and Nasdaq – are once again at their lifetime highs, while stock indices in India too reached their record high recently before receding a bit.
Retail loans now account for around 25 percent of all non-food credit. As youngsters join the work-force, the higher contribution of retail loans is expected.
The following articles talks about how credit cards have become an integral part of our lives and things to do before availing a personal loan for credit card debt repayment
About 20-35 percent of the near 40,000 consumers of Cibil have paid off any balance dues after checking their score.
Keeping your credit utilization ratio low is a smart thing to do, as most financial institutions and lenders use this as a parameter to assess a person‘s credit-managing abilities.
Recently, loan against property (LAP) has emerged as a popular form of long-term loans, especially among the self-employed. According to a recent report from CRISIL, this loan category is expected to grow 22% annually R
Here are some easy to execute ideas that can help you avoid a high cost loan such as credit card loan or personal loan.
Loan against property can help you unlock the hidden value of your property by granting access to cheap and long term source of fund raising.
Personal loans are costly and one must exercise caution while going for one. It is better to do some due diligence before signing above the dotted line.
Personal loans can be availed for longer tenures and can pay the entire cost of the used car. However, used car loans are easier to get as compared to personal loan especially when one has poor credit score.
If you are contemplating to buy a home after getting an appointment letter in hand, here is some help for you.
There are situations in life when one needs some credit and personal loans are the preferred option. However, one must ponder over various factors before opting for one.
Understand your borrowing needs and your future cash flows. Also figure out the product offering â€“ credit card and personal loan, before taking a decision
Refinance high cost loans with low cost loans. Consider selling some of your old investments and repay your debt.
You end up paying more interest on the flat rate loans as compared to reducing balance loans. Read on to understand how this happens.
In an interview with CNBC-TV18, Shyam Srinivasan, MD & CEO of Federal Bank said the Bank's NPAs increased due to a large metal account default and treasury provisions.