Personal loans: How opting for multiple funding options can be a rational move?
1 month, 1 week ago

Personal loans: How opting for multiple funding options can be a rational move?

Live Mint  

If you are suddenly short of funds, you should remember that you can always raise a personal loan to meet your demands. Instead of personal loan, you can also raise funds through an array of sources such as credit card and instant loan. Second, you can use multiple channels such as credit card, instant loan and personal loan. There could be ₹3 lakh as personal loan, ₹2 lakh through instant loan and the rest of the payment can be made via a credit card. Advantages of using only personal loan Single inquiry: A personal loan requires only one hard inquiry, thus restricting the impact on your credit score.

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History of this topic

Where can you apply for a personal loan? Check 5 key options
1 week, 2 days ago

Where can you apply for a personal loan? Check 5 key options

Live Mint  

Borrowers can seek a personal loan from any of the main loan providers which include banks, non-banking financial companies, digital lending platforms, among others. Typically, one tends to seek a loan from a bank, but if the bank turns down the application, one can approach an NBFC or digital lending app. Banks: As mentioned above, one can seek a loan …

Personal Loans For Big Purchases: Here Are Some Of The Pros And Cons
2 weeks, 2 days ago

Personal Loans For Big Purchases: Here Are Some Of The Pros And Cons

ABP News  

A personal loan is a practical option for financing significant purchases or one might need for the unplanned purchase. Here Are Some Of The Advantages Of Taking A Personal Loan Fixed Interest Rates Unlike credit cards, which often have fluctuating interest rates, personal loans typically come with fixed rates. Potential For Lower Interest Rates Personal loans often have lower interest …

Instant personal loan apps on the rise: What every borrower should know
3 weeks, 1 day ago

Instant personal loan apps on the rise: What every borrower should know

Live Mint  

Traditionally, to get a personal loan, a borrower was required to visit the bank branch to enquire about the loan and make several visits to the branch to apply for a loan. Disadvantages of instant loan apps High interest rates: Some apps may charge high interest or levy hidden charges, taking advantage of people who are in need of emergency …

5 costly mistakes to avoid when applying for an instant personal loan
3 weeks, 2 days ago

5 costly mistakes to avoid when applying for an instant personal loan

Live Mint  

The need for funds can arise at any time for several purposes, such as medical expenses, educational costs, or any other unexpected needs. However, in emergency situations, due to the urgent need for funds, borrowers can overlook a few details and make mistakes while applying for an instant personal loan. If you apply for an instant personal loan with a …

Instant personal loan: These are the top 9 reasons to apply for it
3 weeks, 2 days ago

Instant personal loan: These are the top 9 reasons to apply for it

Live Mint  

If you are in an urgent need of money and the requirement does not qualify for a specialised loan category such as a car loan or a business loan, then it is recommended to opt for a personal loan. Although one typically applies for a personal loan at a bank or an NBFC, one can consider opting for an instant …

Personal Loan: How is technology transforming the borrowing experience?
4 weeks, 1 day ago

Personal Loan: How is technology transforming the borrowing experience?

Live Mint  

The use of technology in the financial sector has revolutionised the entire process of borrowing and transformed the user experience to a new level. From a quick and efficient process of submitting loan applications to customised offers, technology has simplified the entire personal loan application journey. Online loan applications Now it is no longer necessary to go to the bank’s …

Choosing the Right Type of Personal Loan for You
4 weeks, 2 days ago

Choosing the Right Type of Personal Loan for You

Live Mint  

Among the diverse financial products available today, personal loans stand out as a flexible and accessible option for individuals looking to meet their financial needs. Whether it's consolidating debt, funding a wedding, or managing unexpected medical expenses, personal loans can be the bridge to achieving your financial goals. Types of Personal Loans Understanding the different personal loan types can help …

5 key tips to boost your chances of instant personal loan approval
1 month ago

5 key tips to boost your chances of instant personal loan approval

Live Mint  

Personal loans are one of the most convenient tools to access emergency funds. Source of income Most lenders would quickly approve instant personal loans for borrowers with stable incomes and steady employment. Different lenders may have a minimum monthly income limit to grant an instant personal loan. Good credit score One of the major criteria lenders look for when approving …

How to choose the right personal loan? 7 crucial features to evaluate
1 month ago

How to choose the right personal loan? 7 crucial features to evaluate

Live Mint  

One of the most commonly used forms of borrowing is a personal loan. A personal loan is an unsecured loan provided by a bank or a non-banking financial company to address personal needs such as, home renovation, wedding, education etc. Check out some of the features that you must look for in a personal loan Loan disbursal time: Before getting …

6 consequences of personal loans: What you need to know before signing up
1 month, 1 week ago

6 consequences of personal loans: What you need to know before signing up

Live Mint  

Personal loans are one of the quick sources of funds that cater to a variety of purposes such as debt consolidation, house repairs, and even sudden medical bills. High interest rates: As personal loans are not secured, they normally come with higher interest rates than other secured loans like mortgages and auto loans. Paying off debt with loans: Personal loans …

Personal Loan: 6 crucial things you need to know before borrowing
1 month, 1 week ago

Personal Loan: 6 crucial things you need to know before borrowing

Live Mint  

If you are planning to take a personal loan, it is important that you keep a few aspects in mind before you start with your application process. 6 key factors to consider before applying for a personal loan Understand your credit report: Credit score plays a major role in the personal loan approval process. Beware of misleading offers: Many lenders …

Personal Loan Repayment: 8 tips to pay off your loan faster
1 month, 1 week ago

Personal Loan Repayment: 8 tips to pay off your loan faster

Live Mint  

A personal loan may be a good financial tool when used judiciously. Let's have a look at the strategies to enable you to reduce your total debt, and pay off your personal loan more speedily. Principal and interest rate are typically repaid in equal monthly instalments while paying back a personal loan. It is easier and more economic to pay …

How to choose the right personal loan? Here are 7 key ways
1 month, 1 week ago

How to choose the right personal loan? Here are 7 key ways

Live Mint  

A personal loan is one of the quickest ways to arrange funds for any reason. Compare the interest rate and other terms from various lenders Once you decide on the loan amount, compare the personal loan offers from various banks and NBFCs. There are many online platforms that can help you compare personal loan offers from banks on various parameters …

Personal loan: Before zeroing in on a lender, make note of 7 key points
Trending News
1 month, 1 week ago

Personal loan: Before zeroing in on a lender, make note of 7 key points

Live Mint  

If you are all set to borrow a personal loan, then the first and foremost thing that you need to do is to zero in on a bank to borrow the money from. It is recommended that you choose the best personal loan provider after examining your financial needs, carrying out a thorough research, and comparing different lenders and their …

What are the benefits of raising a personal loan over other financing options?
Trending News
1 month, 1 week ago

What are the benefits of raising a personal loan over other financing options?

Live Mint  

Are you short of funds and exploring different ways of raising money? There are multiple ways to do so such as personal loan, instant loan, credit card loan and loan against an asset such as gold or securities. Benefits of raising personal loan over other financing options: 1. Instant options available: Thanks to technology, one can raise a personal loan …

Personal loan for debt consolidation: Know the pros, cons and process of using it
1 month, 1 week ago

Personal loan for debt consolidation: Know the pros, cons and process of using it

Live Mint  

Debt can be a weight that prevents you from growing financially and creates unnecessary anxiety. Understanding debt consolidation Debt consolidation simplifies your finances by combining various bills into one loan or credit line. Consolidating several outstanding loans into one loan or credit line is called debt consolidation. An overview of what constitutes consolidation debt and how the process is carried …

Personal Loan EMIs: A borrower’s guide for a smooth repayment strategy
Trending News
1 month, 2 weeks ago

Personal Loan EMIs: A borrower’s guide for a smooth repayment strategy

Live Mint  

A personal loan is a flexible financial option that facilitates quick access to funds for home improvements, meeting medical emergencies, travelling, or educational purposes. Unlike home or auto loans, personal loans do not require collateral but frequently have higher interest rates. In the early periods of the loan, a larger amount of your EMI is dedicated to interest, and the …

5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …
Trending News
1 month, 2 weeks ago

5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …

Live Mint  

Life often presents us with unforeseen expenses includeasily available to people. Knowing the key benefits of personal loans can help you make well-informed financial choices to achieve your objectives. The interest rates on personal loans are usually affected by several factors, including your credit score, income, and the loan amount. Quick disbursement process: Personal loans are approved and disbursed within …

Pros and cons of personal loans: Is borrowing right for you?
1 month, 3 weeks ago

Pros and cons of personal loans: Is borrowing right for you?

Live Mint  

Personal loans are one of the most sought after products in the field of finances, since they fulfil the need for instant money for any purpose. Personal loans are usually repos which are meant to meet specific needs despite the fact that as much as lenders set caps depending on your income and your ability to repay. No collateral required: …

What is a personal loan? A comprehensive guide for first-time borrowers
1 month, 3 weeks ago

What is a personal loan? A comprehensive guide for first-time borrowers

Live Mint  

Personal loan loans are flexible financial options that can be availed in pursuit of different goals of life such as paying an emergency medical bill, funding home improvements or realising that special dream vacation. Important factors to consider before taking personal loans 1.Loan terms and conditions: Before taking a personal loan, always read the fine print. 2. Credit score: It …

3 Key Reasons to Consider a Personal Loan for Financial Emergencies
2 months, 2 weeks ago

3 Key Reasons to Consider a Personal Loan for Financial Emergencies

Live Mint  

Personal loans offer a practical solution for various financial needs, including home renovation, quick cash, and life event expenses. By consolidating multiple loans into a single personal loan, you can simplify financial management and avoid missed payments. Additionally, fixed interest rates provide predictable monthly payments, helping you avoid missed deadlines and improve your credit score over time. However, it's important …

Personal loans: What is an instant loan? All you need to know
2 months, 3 weeks ago

Personal loans: What is an instant loan? All you need to know

Live Mint  

Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies, or fintech lenders and are quite handy to address short-term financial needs, which include but not limited to medical emergencies, travel, …

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions
2 months, 3 weeks ago

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions

Live Mint  

Instant loans are a type of credit that allows you to obtain funds in a short amount of time with minimal processes. These loans can be beneficial for various urgent financial needs, including medical emergencies, educational purposes, travel expenses, and wedding expenses. To apply for an instant loan, you can visit the official website of your respective bank and fill …

What are instant loans and how can they help you financially?
2 months, 3 weeks ago

What are instant loans and how can they help you financially?

Live Mint  

In today's fast-paced world, unforeseen financial requirements can arise at any time. Instant loans can be beneficial for various urgent financial needs, including student debts, medical expenses, essential purchases, and wedding-related costs. Clearing credit card debt: Instant loans can be an excellent option for paying off excessive credit card bills, as personal loans typically have lower interest rates compared to …

Can You Take More Than One Personal Loan? Exploring the Benefits and Risks
3 months, 1 week ago

Can You Take More Than One Personal Loan? Exploring the Benefits and Risks

ABP News  

Taking a second personal loan can be beneficial for individuals seeking additional funds to cover expenses or consolidate high-interest debts. However, it's important to carefully consider the potential challenges and risks associated with multiple loans. High interest rates, increased financial burden, and potential impact on credit score are some of the factors to consider before taking on a second loan.

Personal Loans: 3 smart reasons to consider borrowing for your next big expense
3 months, 3 weeks ago

Personal Loans: 3 smart reasons to consider borrowing for your next big expense

Live Mint  

Whenever you fall short of money or stare at a sudden shortfall, all you typically think of is to raise a personal loan. These, and many more, are some of the key reasons for which it is not uncommon to raise a personal loan. Best Personal Loan for you at lowest interest rate Instant Apply Here we present three key …

Impact of personal loans on financial planning: Here are the pros and cons
7 months, 2 weeks ago

Impact of personal loans on financial planning: Here are the pros and cons

Live Mint  

Personal loans can be both beneficial and detrimental to financial planning. Best Personal Loan for you at lowest interest rate Instant Apply Access to funds for specific financial goals. Consolidation of high-interest loans, such as credit cards, into a single personal loan with a reduced interest rate to save money and simplify repayment. Personal loans integrated into financial planning This …

What are instant personal loans? Here are 6 essential features that define them
7 months, 2 weeks ago

What are instant personal loans? Here are 6 essential features that define them

Live Mint  

Instant personal loans are a loan category specifically crafted to offer rapid access to funds, typically featuring a quicker approval process compared to standard personal loans. Diminished loan amounts : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. Best …

Personal loans for big purchases: Here are the pros and cons
7 months, 2 weeks ago

Personal loans for big purchases: Here are the pros and cons

Live Mint  

A personal loan presents a viable option for financing significant purchases. In contrast to credit cards, which may have variable interest rates based on your creditworthiness or the state of the market, personal loans provide peace of mind. Possibility of reduced interest rates: Interest rates on personal loans are usually lower than those on credit cards, especially for borrowers with …

Personal Loan Reasons: Debt consolidation, education and more - 8 top purposes it serves
9 months, 1 week ago

Personal Loan Reasons: Debt consolidation, education and more - 8 top purposes it serves

Live Mint  

Personal Loan Reasons: Personal loans are frequently easier and faster to acquire. Home improvement : Personal loans offer a means to fund home renovations, repairs, or upgrades that might not meet the criteria for a home equity loan or line of credit. : Personal loans offer a means to fund home renovations, repairs, or upgrades that might not meet the …

Using personal loan for debt consolidation? The pros and cons of this move
10 months ago

Using personal loan for debt consolidation? The pros and cons of this move

Live Mint  

Managing high-cost debt is essential for alleviating stress and advancing towards your financial objectives. Best Personal Loan for you at lowest interest rate Instant Apply Streamlined management : You’ll be dealing with a single monthly payment instead of multiple ones, simplifying the tracking and management of your debt. Possibly reduced interest : If the interest rate on the personal loan …

Using personal loan for debt consolidation? The pros and cons of this move
10 months ago

Using personal loan for debt consolidation? The pros and cons of this move

Live Mint  

Leveraging a personal loan for debt consolidation can serve as a beneficial strategy to handle your debt and potentially cut costs. Here's an overview of the primary advantages: Personal loans present numerous benefits over salary advance loans, potentially making them a superior choice for diverse borrowing requirements. Here's an overview of the primary advantages: Increased loan amount : Personal loans …

Personal loans pros and cons that you must be aware of
10 months ago

Personal loans pros and cons that you must be aware of

Live Mint  

A personal loan represents an unsecured borrowing arrangement available from institutions such as banks or credit unions. Best Personal Loan for you at lowest interest rate Instant Apply Characteristics of personal loans The demand for immediate funds is a widespread challenge, whether it’s an unexpected medical emergency or an unplanned wedding. : Due to the absence of collateral that lenders …

5 scenarios in which quick Personal Loans can be useful
1 year, 7 months ago

5 scenarios in which quick Personal Loans can be useful

India TV News  

Getting credit now is easier than ever before. Here, personal loans are a viable choice because you can use the funds without any restrictions, and this includes paying off existing high-interest credit. You only have to pay the interest applicable on the personal loan Moreover, when you consolidate your debt, you are effectively closing your other credit accounts. Lenders provide …

Personal Loans to Meet your Financial Needs
3 years ago

Personal Loans to Meet your Financial Needs

Deccan Chronicle  

The advent and rise of personal loans have provided possibilities to meet a variety of financial needs for consumers. Personal loans can be a great way to meet your financial needs without having to resort to high-interest credit cards. In that case, personal loans can be used for a variety of purposes, including: Medical expenses If you have a medical …

Personal Loans: Step-by-Step Guide to Choose the Best Loan for you
3 years, 4 months ago

Personal Loans: Step-by-Step Guide to Choose the Best Loan for you

News 18  

Both 2020 and 2021 have been terrible for the economy. And while credit cards are an easy option, personal loans are still preferred over because they are the cheapest and are available at interest rates as low as 10.25 per cent. Other Charges Before finalising any loan option, you need to understand the extra charge involved in the personal loan …

5 ways to get your personal loan approved quickly
6 years, 1 month ago

5 ways to get your personal loan approved quickly

India TV News  

When people need money urgently, they think of personal loans. Therefore, loan seekers must always check their credit score before applying for personal loan so that if your score is low, you can take the required steps to improve it and increase your chances to get personal loan that too at lower rate of interest. Online platforms like these, you …

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