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A personal loan is a fixed amount borrowed from a banking or non-banking entity for just about any purpose. It can be paid back in monthly installments More

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  • Have too many loans? Here’s the order in which you must prepay your debts Nov 19, 2020 09:08 AM IST

    Have too many loans? Here’s the order in which you must prepay your debts

    Credit card dues and personal loans are the most expensive debts. You must prepay these first if you have a surplus

  • SBI, PNB and Union Bank among those offering the lowest interest rates on personal loans Oct 30, 2020 11:48 AM IST

    SBI, PNB and Union Bank among those offering the lowest interest rates on personal loans

    The cheapest personal loan rates range from 8.9 per cent to 10.75 percent across public and private sector banks

  • Majority of Indians willing to take personal loans to tide over COVID-19 crisis: Survey Jun 02, 2020 05:10 PM IST

    Majority of Indians willing to take personal loans to tide over COVID-19 crisis: Survey

    The findings are based on responses from 5,000 people to a survey conducted by IndiaLends, a digital lending platform.

  • Avoid low-interest COVID-19 personal loans, unless strapped for cash May 25, 2020 09:22 AM IST

    Avoid low-interest COVID-19 personal loans, unless strapped for cash

    This is the time to utilize your emergency fund. If you don’t have one, partially use investments meant for your long-term goals

  • COVID-19 personal loans: Avoid them unless desperately strapped for cash Apr 17, 2020 09:23 AM IST

    COVID-19 personal loans: Avoid them unless desperately strapped for cash

    Liquidate your existing investments or even your gold holdings if you don’t have an emergency corpus

  • Step by step guide: How to get an instant Personal Loan during the lockdown Apr 10, 2020 06:21 PM IST

    Step by step guide: How to get an instant Personal Loan during the lockdown

    Instant Personal Loan from Bajaj Finserv is an ideal source of finance during a lockdown

  • No-cost loans: Don’t postpone dues unless strapped for cash Apr 07, 2020 09:06 AM IST

    No-cost loans: Don’t postpone dues unless strapped for cash

    For purchasing consumer electronics, the interest rates would be between 12 to 20 per cent

  • Personal loans: Borrow sensibly to stay financially fit Feb 17, 2020 09:11 AM IST

    Personal loans: Borrow sensibly to stay financially fit

    A personal loan is an easy way to access cash, but borrower must keep several things in mind when finalising a loan

  • Personal and consumer durable loans have surged due to instant credit offered by fintechs: Experian Dec 06, 2019 09:00 AM IST

    Personal and consumer durable loans have surged due to instant credit offered by fintechs: Experian

    We have seen borrowers taking multiple loans for specific needs such as travel, lavish marriage, medical emergency, etc.

  • Lower rates are being passed on once cost of funds declines: Kotak Mahindra Bank Oct 16, 2019 08:56 AM IST

    Lower rates are being passed on once cost of funds declines: Kotak Mahindra Bank

    Borrowings of banks are at a fixed rate and it takes some time for the cost of funds to come down

  • Going for personal loans this festive season? Beware of these charges Sep 17, 2019 08:55 AM IST

    Going for personal loans this festive season? Beware of these charges

    Repayment of personal loans is draining as interest rates and charges are very high

  • Here’s why you must avoid rental deposit loans Sep 03, 2019 09:04 AM IST

    Here’s why you must avoid rental deposit loans

    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.

  • Avoid taking loans to splurge on your vacation Jul 29, 2019 09:43 AM IST

    Avoid taking loans to splurge on your vacation

    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.

  • Money lessons from Boris Becker’s riches-to-rags story Jun 27, 2019 08:48 AM IST

    Money lessons from Boris Becker’s riches-to-rags story

    Keep loan EMIs to a maximum of 60 per cent of your salary to avoid getting into a loan trap

  • Availing a loan for your marriage? Keep these key points in mind Jan 10, 2019 02:40 PM IST

    Availing a loan for your marriage? Keep these key points in mind

    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

  • Applying for a home loan? Stay away from the flat interest rate trap to save money Nov 26, 2018 12:30 PM IST

    Applying for a home loan? Stay away from the flat interest rate trap to save money

    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.

  • This week in personal finance: Money lessons from Lehman crisis; tips for personal loan, retirement and more Sep 15, 2018 01:58 PM IST

    This week in personal finance: Money lessons from Lehman crisis; tips for personal loan, retirement and more

    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.

  • No reason to worry about the higher contribution of retail loans in the economy Apr 24, 2018 12:31 PM IST

    No reason to worry about the higher contribution of retail loans in the economy

    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.

  • Things to do before Availing a Personal Loan for Repaying Credit Card Debt Jul 27, 2017 01:46 PM IST

    Things to do before Availing a Personal Loan for Repaying Credit Card Debt

    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

  • Need a loan? Cibil can now help you find the best suited product Mar 31, 2017 04:16 PM IST

    Need a loan? Cibil can now help you find the best suited product

    About 20-35 percent of the near 40,000 consumers of Cibil have paid off any balance dues after checking their score.

  • Use multiple credit cards to reduce credit utilization ratio Nov 07, 2016 11:04 AM IST

    Use multiple credit cards to reduce credit utilization ratio

    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.

  • Loan against property: What you need to know Jul 29, 2016 02:04 PM IST

    Loan against property: What you need to know

    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 &#82

  • 11 ideas to avoid a high cost personal or credit card loan May 05, 2016 08:37 PM IST

    11 ideas to avoid a high cost personal or credit card loan

    Here are some easy to execute ideas that can help you avoid a high cost loan such as credit card loan or personal loan.

  • How to make the most of your property with a LAP Mar 14, 2016 04:03 PM IST

    How to make the most of your property with a LAP

    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.

  • Five personal loan mistakes one must avoid Feb 18, 2016 06:59 PM IST

    Five personal loan mistakes one must avoid

    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.

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