Securing a â‚ą1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder, Neokred, “Lenders typically…
When you apply for a personal loan or any other loan, you must fulfil the bank’s various eligibility criteria. The bank performs the eligibility check to evaluate whether you qualify for the personal loan. The broader eligibility criteria are the same for most banks. However, within each eligibility criteria, the bank may define its own…
Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and what factors you…
Whether an individual has a medical emergency or wants to enjoy a leisurely family vacation, a personal loan can provide the required funding. While applying for a personal loan, you don’t need to tell the financial institution about the end use of the money. Also, with the increasing digitisation adoption, these days, personal loans are…
If you are considering loan options and are having a tough time in choosing between a personal loan and mortgage, it is important to consider a few factors so that you can make the right choice. While personal loan and mortgage loans have their own advantages and disadvantages, their few unique features can help you…
If you are in need of urgent funds for an emergency, getting a personal loan can be a convenient option. These loans provide you with instant disbursement along with flexible repayment tenures so that you can plan your finances wisely. You can get a loan of â‚ą5000 through your PAN card in quick and easy…
Personal loans are a great way to get financial assistance in times of emergency or if you are about to have an important event and want some extra funds or if you just want to treat yourself with a luxurious gift. These loans do not require collateral, hence, it is a popular choice for people…
