What not to do with a personal loan: 6 key pitfalls to avoid
3 weeks, 2 days ago

What not to do with a personal loan: 6 key pitfalls to avoid

Live Mint  

These days, personal loans are one of the easiest loans to get. To know about the various offers available and choose the best one, you must compare the personal loan features and benefits from various financial institutions. Action point:Always compare personal loan offers from multiple lenders and get the best deal. Making unnecessary purchases with the personal loan amount Because of the ease with which personal loans are available, people grab them, and some end up misusing them. Taking more amount than required Financial institutions will send you personal loan offers for a specified amount.

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8 smart tips to keep your personal loan from becoming a debt burden
1 week, 5 days ago

8 smart tips to keep your personal loan from becoming a debt burden

Live Mint  

If you stare at a financial crisis and need funds urgently – you will invariably have a temptation to raise a loan. Now with a range of fintech platforms offering loans aplenty, it is highly unlikely not to opt for a personal loan. Choose the right tenure: Shorter tenure means higher EMIs but lower overall interest whereas longer tenure means …

How to avoid the pitfalls of easy personal loans? 5 key points to note
3 weeks, 3 days ago

How to avoid the pitfalls of easy personal loans? 5 key points to note

Live Mint  

While personal loans are being made easily accessible in India, they are a solution in waiting for money to fulfill all possible needs, be it a health issue or weddings. Five things worth considering before availing a personal loan are listed below: Personal loans can come with high interest rates Personal loans can come with high interest rates, typically between …

Personal loans: THESE are the 5 key reasons for which it is not unreasonable to borrow
1 month ago

Personal loans: THESE are the 5 key reasons for which it is not unreasonable to borrow

Live Mint  

If you are planning to raise a personal loan, remember that there are certain reasons for which it is not unreasonable to take a loan. To buy a luxury item: When you are keen to buy a luxury item, and you are short of funds, then it is not wrong to raise a personal loan. In that case, it is …

How to choose the perfect personal loan? 5 key factors to keep in mind
1 month ago

How to choose the perfect personal loan? 5 key factors to keep in mind

Live Mint  

Personal loans are one of the most popular financial options for individuals who require money. The most crucial element to consider when choosing a personal loan is a reputable loan distributor, interest rate terms, repayment options along with other associated factors. Key things to consider while choosing a personal loan: Interest rates Interest rate has a very important role in …

Personal loan: How does the EMI calculator help to avoid loan overleveraging?
1 month, 3 weeks ago

Personal loan: How does the EMI calculator help to avoid loan overleveraging?

Live Mint  

A personal loan is a convenient and quicker way to fund diverse financial requirements. An EMI calculator is a financial tool for calculating the monthly payments, or Equated Monthly Instalments, of a loan that includes interest and principal repayment amounts. Uses of EMI calculator to avoid loan overleveraging Total costs Calculating the total costs included in a personal loan is …

Personal loan interest rates: 7 key factors that impact your borrowing costs
1 month, 3 weeks ago

Personal loan interest rates: 7 key factors that impact your borrowing costs

Live Mint  

Personal loan interest rates can significantly impact the cost of borrowing and should be carefully considered before applying. On similar lines consistent business performance helps self employed borrowers ensure obtaining loans on lower interest rates. Clarity on the borrowing terms, interest rates, repayment tenure and associated issues brings absolute peace of mind for the borrower and helps in facilitating a …

Top 3 key factors to consider when choosing a personal loan partner
2 months ago

Top 3 key factors to consider when choosing a personal loan partner

Live Mint  

Personal loans help in securing one's economic future. That is why it is important to select a lender that offers the best interest rates, customer care services and flexibility in loan repayment. Here are three important points to always keep in mind while selecting a loan partner for your future needs: Seamless online services and interest rates It is important …

Choosing the Right Type of Personal Loan for You
3 months, 2 weeks 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 …

Personal Loan Agreement: 7 key things you must know before signing
3 months, 2 weeks ago

Personal Loan Agreement: 7 key things you must know before signing

Live Mint  

A personal loan may become a source of support at your time of need. Understanding personal loans An unsecured loan, often referred to as a personal loan, is borrowed for a given amount for various purposes, including debt consolidation, medical expenses, home improvements, and financing holidays. Since it's an unsecured loan, you don't need collateral, though this usually leads to …

When should you take out a personal loan? 7 key scenarios
3 months, 3 weeks ago

When should you take out a personal loan? 7 key scenarios

Live Mint  

Personal loans provide ready access to money, but with responsibilities and downsides. Understanding personal loans A personal loan allows you to borrow a specific amount of money and pay it back in fixed monthly instalments over a specific period. Higher education: In case you do not have sufficient money to pay for training or tuition in full, you may use …

Personal loan for travel: Is financing your vacation a smart choice?
3 months, 3 weeks ago

Personal loan for travel: Is financing your vacation a smart choice?

Live Mint  

It could be so exciting to plan the dream vacation; however, the thrill of travel is sometimes accompanied by the steep cost. Understanding personal loans A personal loan is an unsecured financial instrument whereby one makes a one-time payment for all purposes, such as debt relief, unexpected medical expenses, house renovations, and even vacations. No collateral: Since personal loans are …

6 consequences of personal loans: What you need to know before signing up
3 months, 3 weeks 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
3 months, 3 weeks 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 …

How to choose the right personal loan? Here are 7 key ways
3 months, 3 weeks 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
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3 months, 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 months, 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 Loan: 5 key determinants of repayment tenure you need to know
4 months 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
4 months 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 …

Five reasons you should consider personal loan during medical emergencies
4 months ago

Five reasons you should consider personal loan during medical emergencies

Live Mint  

Medical emergencies can strike without a warning, forcing people and families into unexpected bills. In such a scenario, personal loans offer much-needed financial support so that you can navigate through difficult times without any stress. Here's a closer look at personal loans and how they might help during medical emergencies. Understanding personal loans A personal loan is a quick solution …

5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …
Trending News
4 months 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?
4 months, 1 week 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
4 months, 1 week 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
5 months 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?
5 months, 4 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
6 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 …

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

Personal loans pros and cons that you must be aware of
1 year 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 …

Personal Loans: Step-by-Step Guide to Choose the Best Loan for you
3 years, 6 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 …

8 Things You Should Consider When Taking Personal Loan
7 years, 2 months ago

8 Things You Should Consider When Taking Personal Loan

India TV News  

Whether it is about a financial emergency or coming out of burgeoning piles of debt, a personal loan can help in many ways. However, personal loan is one of the costliest forms of loan because it is not backed by any asset and banks are at higher risk by giving unsecured loans. 1- Consider Your Credit Score Credit score is …

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