Articles for Your Personal Loan

How to pay off your personal loan faster? Here are 7 ways
1 week, 5 days ago

How to pay off your personal loan faster? Here are 7 ways

Live Mint  

Before getting a personal loan to fund your expenses, it is important to know how to repay it to avoid extra charges over the existing amount. Interest: By paying your personal loan fast, you save money charged in the form of interest rates on your loan every month. Ways to pay personal loan faster Repayment capacity: Repaying your personal loan …

Personal Personal Loans Loan Interest Your Personal Loan Emi Paying
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 …

Personal Personal Loans Personal Loan Interest Rate Your Personal Loan Emi
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 Interest Rate Your Personal Loan Refinancing Previous Existing
Fixed vs. Floating Interest Rates: Which is better for your personal loan?
1 month ago

Fixed vs. Floating Interest Rates: Which is better for your personal loan?

Live Mint  

Personal loans have become a popular choice amongst people who are looking for quick funds to cover a big event or are planning a luxurious vacation and need some backup cash or are in some emergency and need urgent monetary assistance. However, personal loans are offered with mainly two types of interest rates; floating rates and fixed rates. Fixed interest …

Personal Personal Loans Loan Interest Rates Interest Rate Rates
Personal Loan: 10 common mistakes to avoid before you apply
1 month ago

Personal Loan: 10 common mistakes to avoid before you apply

Live Mint  

With the advent of digitisation, getting a personal loan is at your fingertips. Personal loan mistakes to avoid Taking a personal loan even when you don’t need it: From time to time, you will keep getting pre-approved personal loan offers from various banks, NBFCs, and fintechs. Minimum credit score List of cities whose residents can apply Before applying for a …

Personal Credit Personal Loans Loan Personal Loan Score Need
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 Financial Personal Loans Bank Documents Loans Loan
How to navigate personal loans after 50? Here are 3 key considerations for borrowers
4 months, 3 weeks ago

How to navigate personal loans after 50? Here are 3 key considerations for borrowers

Live Mint  

Emergencies can come in all shapes and forms, and they tend to present themselves at times when you are least expecting them. In fact, age significantly influences personal loan eligibility, impacting factors such as interest rates, loan amounts, and tenure and understanding these effects is crucial for making informed decisions when applying for credit. Firstly, the impact of age on …

Retirement Personal Personal Loans Age Loans Loan Income
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 …

Personal Financial Tax Personal Loans Loans Debt 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 Financial Tax Personal Loans Loans Debt Loan