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.

As an applicant, your options for moving forward will remain unclear as you won’t know the loan’s status. So, let’s continue reading to learn how to track personal loan application both online and offline.

Personal loans are unsecured loans taken for fulfilling some personal purpose. Home loans are secured loans taken for the purpose of buying a house. The house that is bought from the home loan also serves as the collateral or security for the loan.

You get a portion of your paycheck early when you receive a salary advance. Depending on your employer's policy, you can request these advances multiple times yearly or once. The significant advantage is that these advances usually don't involve credit checks; sometimes, they might even come without interest charges.

The full form of FOIR is Fixed Obligation to Income Ratio and is a finacial metric by which the creditworthiness of the applicant for various loans, including home loans, personal loans, and other forms of credit, is judged.

The Marginal Cost of Funds Based Lending Rate (MCLR) was introduced in April 2016 to help borrowers availing various loans (including home loans) benefit from the Reserve Bank of India's(RBI) rate cut.

To understand the difference between a personal loan and a business loan, it is essential to understand that applying for it generally involves a relatively straightforward documentation and application process. Personal loans often have shorter application timelines and can be processed quickly.