A Personal Loan is generally borrowed for meeting several urgent and unavoidable financial requirements. Collateral security isn’t insisted on for these loans, which implies that they are unsecured loans. Moreover, the margin isn’t stipulated. For the retired individuals who generally draw pensions, the inflow of income is limited. They may experience an urgent requirement of […]Read More

A loan is a financial agreement between the lender and the borrower. The agreement contains the details of the sum dispensed to the borrower and also states the amount of interest alongside the principal sum to be paid within a specified period of time. Generally, loans are reimbursed as monthly instalments with the addition of […]Read More

Floating Rate EMI  Loans are financial products and their cost largely depends on the market forces and a number of policies of the central bank of the country. To be more specific, factors like the repo rate, cash reserve ratio (CRR) and several other regulations by the government affect the interest rate. Moreover, after the […]Read More

On a very personal level, almost everyone has a basic awareness of his or her own credit worthiness. Who knows your credit history better than you, who can tell whether you are able to avail of a loan and pay it back in prescribed time along with interest, better than you? However, there is still […]Read More

When talking in terms of finance, consolidation takes place when a person pays off some smaller loans along with a bigger one. The bigger loan will usually have less interest rate than smaller ones. In literal terms, a consolidation loan is something which pays off two or more loans with a single new loan. The […]Read More

A no credit check loan is a loan that is taken for a relatively smaller amount of money. These are generally unsecured loans and are for people who often have a poor credit score or possess a low credit score. The term no credit check literally means that the institution which is lending does not […]Read More

Also known by the name of a good faith loan or a character loan, the signature loan is a kind of a personal loan which finance companies and banks offer to the borrower. As the name indicates, this loan is offered to the borrower on the basis of only the signature of the borrower. This […]Read More

If you are familiar with loan parlance, you have probably heard of the term ‘refinance’. It is possible that you have a working idea of what refinance means. However, this article aims to provide in-depth information on the subject. Read further to know more. What is Refinance? In the simplest of terms, ‘refinance’ or the […]Read More

A financial crisis over a prolonged period of time can result in an inability to pay pending loans, which can then lead to a bad credit score. A financial crisis could even lead to borrowing multiple loan products at the same time, which may reflect on your credit score and affect your ability to get […]Read More