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.

Your CIBIL score is a crucial factor in determining whether you may acquire a loan and on what terms. Your chances of receiving an affordable sanction with flexible terms increase if your credit score is above 750, which signals solid financial health.

Prepayment penalty on a personal loan is a fee charged by lenders to borrowers who repay or partially repay their loan before the end of its term. This penalty is designed to compensate for the lender’s lost revenue and can range from 1-5% of the outstanding loan amount, depending on the lender’s policy.

Before applying for a travel loan, evaluate your current financial standing. That means considering your income, monthly expenses, and existing debts. On top of that, ensure that taking on a travel loan fits comfortably within your budget without compromising your financial stability.

The phrase “CIBIL Defaulter” does not appear in anyone’s CIBIL report, nor is it a legal term. Borrowers with very low CIBIL scores (less than 650) are called CIBIL defaulters because they are highly likely to have regularly missed payments on their credit commitments in the past.

Early partial payment of personal loans means that when you have surplus funds in your bank account, that amount goes to making early repayment of part of your personal loan. Full prepayment means fully paying back the personal loan that you have taken, before the due date.

The current digital age has witnessed profound changes across various aspects of our lives, particularly in the finance sector. Lengthy paperwork and in-person verification procedures are gradually being replaced by more efficient methods. One such innovation is Video KYC (Know Your Customer), which has revolutionized the way banks and financial institutions operate.

In the constantly evolving landscape of personal finance in India, various new options have come up, among which the most mentionable is Non-Banking Financial Companies (NBFCs) which have emerged as dynamic players in the world of finance. NBFCs have gained immense popularity due to the convenience and advantages that they offer to borrowers. This article will focus on the benefits of opting for a personal loan from NBFCs in India. Let’s start by looking at what NBFC is.

Small personal loans come with the least amount of paperwork required and the lowest interest rates in the business. In this article, you’ll learn everything possible about a small personal loan.

A personal loan may come in handy for both anticipated and unforeseen expenses. Personal loans are frequently preferred by many borrowers over other types of loans since they can be used for any purpose.

The Central Government of India launched the Pradhan Mantri Rozgar Yojana, popularly known as PMRY, in 1993 to encourage self-employment possibilities for the nation's educated women and youth.