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.

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.

A personal loan for self-employed individuals serves various purposes, including covering expenses for vacations, weddings, and other immediate needs like medical bills, overheads, or unexpected repairs.

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.

Personal loans serve as lifelines during financial crunches, offering quick funds to meet various needs. However, as life unfolds, circumstances change, and the terms of our loans might need a reassessment. This is where the Personal Loan Balance Transfer comes into play.

A personal loan overdraft facility enables anyone to withdraw excess funds whenever they require money urgently. This facility also entitles you to an interest payment applicable only on the specific amount you use.

The decision ultimately rests with you when it boils down to choosing between a salary advance or personal loan. Carefully contemplate your financial situation and needs as you make your choice. By dedicating time to research and thoughtful consideration, you can positively select the loan option that perfectly aligns with your goals.

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 micro-finance institution or micro-finance lender gives small, unsecured loans to people from poorer sections of the society.

Aadhaar card loans are typically unsecured, eliminating the need for collateral. Banks and NBFCs employ biometric data from the Aadhaar card to streamline the loan application process. While applicants must provide a few additional supporting documents, it's important to note that a valid Aadhaar Card, PAN card, and bank account are essential for applying for an Aadhaar card loan.

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.

NBFC is also known as Non-Banking Financial Companies, are financial institutions that provide various banking services without holding a banking license. In other words, they are financial intermediaries that offer banking services, such as loans and advances, asset financing, wealth management, and more, similar to traditional banks.

While the Indian Income Tax Act does not specifically mention any special deductions for personal loans, it does provide tax deductions for other types of loans, such as education and home loans. However, this does not mean that individuals cannot avail tax benefits for personal loans. In the absence of specific provisions for personal loans in the Income Tax Act, the purpose for which the personal loan was obtained is taken into consideration to determine eligibility for tax deductions.

A personal loan is a kind of unsecured loan that is usually offered by various financial institutions like banks, online lenders or credit unions to individuals to meet their personal expenses.

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.