Personal loan for home renovation: 4 essential tips you need to know
1 week, 5 days ago

Personal loan for home renovation: 4 essential tips you need to know

Live Mint  

Renovating your house can be expensive, and a personal loan may be the cash you need to make it happen. An unsecured loan referred to as a personal loan grants you the privilege of raising a certain amount of money for debt consolidation, clearing medical bills, or home improvement. These loans allow flexibility and rapid access to money, but one needs to consider interest rates, repayment conditions, and being able to repay before accepting a personal loan. Fixed interest rates: A lot of personal loans are subject to fixed interest rates so that the monthly instalments would not change during the lifetime of the loan. Tips to get the ideal loan amount for your home renovation Here are some pointers to assist you in determining the precise loan amount needed for your home improvement project.

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6 consequences of personal loans: What you need to know before signing up
2 weeks, 5 days 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 Repayment: 8 tips to pay off your loan faster
2 weeks, 6 days 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 …

Refinancing a personal loan: What it is and how it works
3 weeks, 6 days ago

Refinancing a personal loan: What it is and how it works

Live Mint  

A personal loan is a convenient tool to finance emergency expenses. In such a scenario, refinancing a personal loan is an effective tool to repay the existing debt and set revised terms for the new loan. Hence, it becomes important to get a refinance loan with a lower interest rate and better repayment terms to make monthly payments comfortably when …

Personal loan application: What are the documents required for a personal loan?
Trending News
3 weeks, 6 days ago

Personal loan application: What are the documents required for a personal loan?

Live Mint  

Are you planning something significant in your life, such as a wedding, remodelling your home, or that long-awaited bucket list vacation? However, before applying, however, you'll need to provide the following documents to the lender: In this article, we will examine the key documents required for a personal loan. Documents required for applying personal loan To ensure a fast and …

Personal Loan EMIs: A borrower’s guide for a smooth repayment strategy
Trending News
3 weeks, 6 days 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 …

Personal loan repayment: What it means & how it works?
Trending News
4 weeks ago

Personal loan repayment: What it means & how it works?

Live Mint  

Loan repayment is the process of paying back borrowed funds with interest over a specific period of time. Factors influencing loan repayment Several factors influence how easy it becomes for you to repay the loan: Loan tenure: Longer tenures translate to lower monthly EMIs but more total interest paid. Loan extensions: To reduce the burden of loan servicing, some lenders …

5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …
Trending News
4 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 …

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

Personal loans: These are the 5 key reasons to borrow money. Check list here
1 month, 1 week ago

Personal loans: These are the 5 key reasons to borrow money. Check list here

Live Mint  

If you are falling short of money while you buy an important item for yourself or someone else, then you don't need to fret. Whether you want to spend money on a wedding, or buy an expensive jewellery for your partner or want to go on a vacation -- you can take a personal loan to meet your need. But …

3 Key Reasons to Consider a Personal Loan for Financial Emergencies
1 month, 3 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 …

What are personal loans and how do they work?
2 months, 3 weeks ago

What are personal loans and how do they work?

Live Mint  

Personal Loan: While personal loans are popular for urgent needs, they carry high interest rates. To obtain a personal loan, you must adhere to specific guidelines and meet the Personal loans primarily depend on your credit score, financial status, and current market conditions. Interest rates vary by bank, but they are usually calculated using a simple formula: Interest rates vary …

Applying for personal loan for home renovation? Here are the key things to keep in mind
9 months, 2 weeks ago

Applying for personal loan for home renovation? Here are the key things to keep in mind

Live Mint  

Engaging in home renovations involves substantial financial commitments, and a lack of preparation can undoubtedly result in setbacks. Alternatively, opt for a personal loan if you lack substantial home equity or prefer a more straightforward loan arrangement, although personal loans often come with higher interest rates. Although personal loans offer convenience for funding home improvements, opting for a short repayment …

Personal loans pros and cons that you must be aware of
9 months, 2 weeks 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 …

House renovation on cards? All you need to know about a home improvement loan
2 years, 3 months ago

House renovation on cards? All you need to know about a home improvement loan

Live Mint  

We all have heard of the popular saying, ‘Ghar zindagi mein ek baar hi banta hai’. Home renovation loans, usually referred to as home improvement loans, are made available to customers looking for money to renovate, repair, or upgrade their residential property. A secured home improvement loan and an unsecured home improvement loan are the two different types of loans …

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, 3 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 …

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