Personal Loan Reasons: Debt consolidation, education and more - 8 top purposes it serves
8 months, 3 weeks 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 criteria for a home equity loan or line of credit. Personal loan interest rates in India can fluctuate based on various factors, such as Borrower’s credit score Loan amount Loan duration Lender’s risk evaluation Processing fees and additional expenses Q. Here’s an overview of several key attributes of emergency personal loans in India: Quick processing Eligibility criteria Loan limits Elevated interest charges Here are some scenarios where an emergency personal loan might be appropriate:

India Personal Expenses Credit Personal Loans Costs Loans Debt Personal Loan Interest Score Rates Emi Individuals Higher Interest Rates Emergency Personal Loans Loan Reasons  debt  loan  reasons  loans  costs  personal  individuals  credit  interest  score  expenses  consolidation  serves  purposes  rates  education

History of this topic

Personal loan: This EMI calculator will help you calculate payments across tenures — a look at different scenarios
11 hours, 20 minutes ago

Personal loan: This EMI calculator will help you calculate payments across tenures — a look at different scenarios

Live Mint  

If you are planning to raise a personal loan, you may use a personal loan EMI calculator to ascertain the exact EMI you stand to pay across different interest rates. Scenario I: You take a ₹10 lakh loan for 10 per cent interest and plan to repay it in five years. Scenario II: You take a ₹10 lakh loan for …

Instant personal loan: These are the top 9 reasons to apply for it
4 days, 22 hours 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 …

How to calculate EMI for instant personal loans? A step-by-step guide
1 week, 3 days ago

How to calculate EMI for instant personal loans? A step-by-step guide

Live Mint  

Instant personal loans are a popular choice for people looking for instant cash to cover their expenses. What is an instant personal loan EMI calculator An instant personal loan EMI calculator is an online tool which helps you calculate your EMIs accurately and quickly. Since the loan tenures provided in instant personal loans is shorter as compared to other loans, …

Personal loan: Where to apply for it? Here are 5 key options
2 weeks, 3 days ago

Personal loan: Where to apply for it? Here are 5 key options

Live Mint  

In case you fall short of money and urgently need it, one of the most feasible options is to raise a personal loan. One could raise a loan from a bank such as SBI, HDFC Bank, Kotak Mahindra or Bank of Baroda, among others. Alternatively, you could Here we list out key ways to raise a personal loan: 1.Bank: Raising …

Personal loan for debt consolidation: Make note of these 5 key points
2 weeks, 3 days ago

Personal loan for debt consolidation: Make note of these 5 key points

Live Mint  

If you are running low on funds, opting for a personal loan is typically feasible as well as rational. To consolidate debts At the same time, you get an offer from a bank or a non banking financial corporation to raise a personal loan at 11 percent interest. Now, if you have an option to raise ₹15 lakh to repay …

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: Before zeroing in on a lender, make note of 7 key points
Trending News
3 weeks 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 …

Planning to borrow? A beginner’s guide for personal loans 2025
3 weeks ago

Planning to borrow? A beginner’s guide for personal loans 2025

Live Mint  

Being in a financial crisis is pretty normal for any of us at any time. One should, however, compare the interest rate charged by your bank with that of other banks that are offering personal loans. Opting for NBFC: When a bank is unwilling to offer a personal loan, you can always approach an NBFC or non banking financial corporation …

Personal loans: How opting for multiple funding options can be a rational move?
3 weeks, 2 days 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 …

Personal loans: Use EMI calculator to check monthly instalments across time durations
3 weeks, 3 days ago

Personal loans: Use EMI calculator to check monthly instalments across time durations

Live Mint  

When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. An EMI calculator ascertains the monthly instalment on the basis of interest rate and loan duration. Year EMI 1 44,424 2 23,536 3 16,607 4 13,166 5 11,122 The loan tenure can be anywhere between one and …

Personal loan for debt consolidation: Know the pros, cons and process of using it
3 weeks, 3 days 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: 5 key determinants of repayment tenure you need to know
3 weeks, 5 days ago

Personal Loan: 5 key determinants of repayment tenure you need to know

Live Mint  

If you are planning to raise a personal loan then one of your key concerns could be to determine how easily and comfortably you can repay the same. Expectation of future receipts: If you have borrowed money as a personal loan with a hope of receiving some income from another source in near future then it is recommended to repay …

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 …

Understand the role of interest rates in personal loans to make smart financial decisions
Trending News
4 weeks ago

Understand the role of interest rates in personal loans to make smart financial decisions

Live Mint  

Being one of the most important yet ignored segments of banking costs, interest rates are directly proportional to the personal loans you are willing to pay towards the borrowed money. Factors affecting interest rates on personal loans Several factors might influence the interest rate on a personal loan, including: Borrower's credit score: The higher your credit score, you most likely …

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 …

Personal loan: How a slight increase in interest rates can raise your EMI
4 weeks ago

Personal loan: How a slight increase in interest rates can raise your EMI

Live Mint  

If you have been scouting for a personal loan and have already received a few offers from different banks, it is recommended that you compare the impact of the difference in interest rates on your EMIs. Scenario I: When the interest rate is 11 percent, the loan EMI on ₹10 lakh loan will be ₹21,742, thus taking the overall cash …

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 …

Personal loan: EMI calculator can help you find the right instalment that fits your budget; here’s how
1 month ago

Personal loan: EMI calculator can help you find the right instalment that fits your budget; here’s how

Live Mint  

If you have recently taken a personal loan at a fixed rate of interest, you must find out the instalment that you need to pay every month. It's recommended to use a personal loan EMI calculator to determine the exact monthly payment. For those who are unaware, a personal loan EMI hinges on two key factors: rate of interest and …

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 …

Personal Loan EMI Calculator: Estimate Your Monthly Repayments
2 months, 3 weeks ago

Personal Loan EMI Calculator: Estimate Your Monthly Repayments

Hindustan Times  

This article provides an overview of personal loan EMI calculators and how they can help borrowers estimate their monthly repayments. It explains the concept of personal loans, personal loan EMI calculators, and how they work. The article highlights the benefits of using a personal loan EMI calculator, including simplicity, accessibility, and accuracy. It also provides a step-by-step explanation of how …

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 …

Personal Loans: 3 smart reasons to consider borrowing for your next big expense
3 months, 1 week 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 …

Why is an EMI Calculator Important When Getting a Personal Loan?
4 months, 2 weeks ago

Why is an EMI Calculator Important When Getting a Personal Loan?

Hindustan Times  

Personal loans offer fast and flexible financial solutions, but understanding their financial implications—such as equated monthly instalments and total interest—can be difficult. Importance of EMI Calculator while taking loan Understanding an EMI Calculator An EMI calculator is a financial tool that helps borrowers estimate the monthly instalments they will need to pay over the loan tenure. Here are the benefits …

Impact of personal loans on financial planning: Here are the pros and cons
6 months, 3 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 …

Personal loans for big purchases: Here are the pros and cons
6 months, 4 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 …

Using personal loan for debt consolidation? The pros and cons of this move
9 months, 2 weeks 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
9 months, 2 weeks 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
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 …

Determine The Interest Payable On A Personal Loan With An EMI Calculator
11 months, 3 weeks ago

Determine The Interest Payable On A Personal Loan With An EMI Calculator

ABP News  

A personal loan is a versatile lending solution that allows borrowers to cover a variety of financial expenses. Here are the key benefits of using an EMI calculator: Accurate loan planning: Gain a precise understanding of the total cost of borrowing by using a personal loan EMI calculator. A personal loan EMI calculator simplifies the process, enabling borrowers to choose …

Who Repays Personal Loan After the Borrower Dies? Important Guide
1 year, 3 months ago

Who Repays Personal Loan After the Borrower Dies? Important Guide

Deccan Chronicle  

An instant personal loan is a popular way that many use to bridge financial gaps, be it during weddings, medical emergencies or more. Read on to understand the course of action for instant personal loan repayment in case of a borrower’s demise. The borrower's family can use the insurance policy to repay the personal loan in the event of the …

5 scenarios in which quick Personal Loans can be useful
1 year, 6 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 …

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