List of Personal Loan Articles

Emergencies and unexpected expenses can strike any moment, leaving you needing immediate financial support. Whether it's a medical bill, a vehicle repair, or any unforeseen expenditure, a 2000 Rupees loan can relieve you. So, through this article, we will delve into how a person can secure a loan of Rupees 2000 urgently.

Simple interest is generally used for short-term loans and in some types of investments. It is most prevalent in scenarios where the interest is not re-invested or added back to the principal during the term of the loan.

One of the most common and reliable ways to obtain a 1,000 loan is by applying for a bank or financial institution loan. Banks offer various types of personal loans, and they are generally unsecured, meaning you don't need to provide collateral.

A personal loan is a practical credit option that you can use without pledging any collateral. You can use it for any reason because there are no limitations on its end usage. This is very beneficial for higher education because it pays for all extra costs, such as travel, lodging, the price of specialized coaching, the purchase of study materials, etc.

This unsecured credit type is available through banking and non-banking financial institutions. You can apply for a personal loan after qualifying the requirements, which include employment history, repayment capability, income level, profession, and credit history. A personal loan is a multi-purpose loan that you can utilise to meet your urgent needs.

Eight prevalent myths that have framed a false conception about personal loans in the mind of people. By debunking all personal loan myths, this article aims to empower the readers with accurate information and shed light on the actual truth beneath them.

A personal loan can be borrowed for various purposes, such as consolidating debt, funding home improvements, or financing special events like weddings. These loans are available from credit unions, banks, NBFCs etc.

A personal loan serves as a type of unsecured loan which is borrowed by individuals from any financial institution to cover personal expenses. This may include consolidation of debts, emergencies, renovation of a home, funding medical bills, weddings or vacations, among many more.

Promissory note is a written promise to pay a debt. It is a financial instrument, in which one party (maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed, determinable future time or on demand of the payee subject to specific terms.

MSF is a very short term borrowing scheme for scheduled commercial banks. Banks may borrow funds through MSF during severe cash shortage or acute shortage of liquidity.

MCLR, which stands for Marginal Cost of Funds based Lending Rate, is a benchmark banks use to establish their minimum interest rate. This rate is determined by considering factors such as the bank's cost of funds, operational expenses, and desired profit margin.