Travelling is one of the best ways to unwind. City life can be the most vibrant experiences that you can have, but it is quite stressful. There are so many things happening... Read more »
As an entrepreneur, you are engaged in a cut-throat competition to be recognized by the world at large. Raising capital is one of your perennial agendas. You want to grow, and putting... Read more »
Picture this: You lend ₹5,000 to your friend and your friend promises to return it to you within a month. However, your friend forgets to return the amount, despite persistent reminders. After... Read more »
When you take a personal loan, one of the major considerations is the rate of interest. Since a personal loan is an unsecured loan, the interest rates are generally on the higher... Read more »
Do you ever get the feeling you’ll never save enough, no matter how many pennies you pinch? There’s always another emergency demanding your time, energy, and money. And sooner or later, your... Read more »
Buying your own home is one of the most crucial financial decisions you will ever take. As a property purchaser, you are most likely to avail a home loan. You don’t want... Read more »
An installment loan allows regular people to make bigger purchases over time. These loans can definitely come in handy while considering things like home buying, upgrading a car or continuing higher education.... Read more »
Are you faced with a financial emergency? Are you looking for the right funding option? Well, the two most attractive funding options that best fit your financial need are top-up loans and... Read more »
There comes a time in almost everyone’s life when the need for having access to more money than they have arises. Most people do consider taking a loan, but that’s not to... Read more »
Have you ever been to a bank for a personal loan and got rejected because your credit score was low? Yeah, we get you! Credit Score is a 3-digit number on which... Read more »
A credit score helps to determine the level of creditworthiness of a person. Knowing your credit score is very beneficial for the lenders to determine whether you are eligible for a loan,... Read more »
Your Home Loan Can Be Rejected On These Five Grounds Buying one’s own house is many people’s dream. After all, buying a house is perhaps the costliest and therefore, the most important... Read more »
Buying one’s own house is many people’s dream. After all, buying a house is perhaps the costliest and therefore, the most important decision one can make in his/her life. There will or... Read more »
Today, it is very important to understand how banks and other financial institutions calculate the interest rate on a loan before going to apply for the same. Well to describe it simply,... Read more »
The rise of investments in the personal lending industry led to rapid digitisation, encouraging the growth and development of the personal loaning industry. This in turn gave rise to a new breed... Read more »
A loan is the amount of money given by banks and other financial institutions with an expected payback along with interest levied on it.
Some of the loans that are doing the rounds of the market include Home Loan, Auto Loan, Personal Loan, Education Loan, Credit Card loans, loans against fixed deposit, loans against Insurance schemes, loans against Mutual Funds and Shares.
The purpose of lending loans is to facilitate people to fulfil their needs without actually facing a financial crisis, or a financial crunch, plan their finances well and maintain liquidity at the same time.
For availing any kind of loan, you need to fulfil eligibility criteria associated to that loan. Some common eligibility criteria are associated with your income, occupation, age, your capacity to pay back the loan, and place of residence.