As the nation enters a phase of monetary easing, aspirational loan borrowers along with credit card holders are weighing the merits of gold loans versus personal loans to meet their financial aspirations and goals. Current interest rate landscape The Reserve Bank of India (RBI) reduced the repo rate to 6% in April 2025, post a…
Beginning an academic pursuit is often a very important milestone which can involve a significant financial commitment. When assessing options to obtain the funds necessary to achieve your academic goals, personal loans and education loans are likely to be the two most prevalent. Even though both provide you with some form of financial assistance, they…
If you are planning to host a wedding and running out of money, you may consider taking a personal loan for the same. Although personal loans – being unsecured – carry a high rate of interest, they come handy during emergencies and other necessary events of life such as a wedding. However, before you decide…
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…
People have various credit options in the current financial world to manage expenses and achieve financial goals. Two of the most common forms of credit are personal loans and credit cards. This article discusses the suitable occasions for the use of credit cards and personal loans while providing information to empower you to make informed…
MobiKwik, which offers a wide range of payments and financial products, has announced a strategic partnership with Poonawalla Fincorp to offer instant personal loans. This collaboration aims to promote quick access to credit for millions of Indians through MobiKwik’s ZIP EMI product. The partnership enables MobiKwik app users across India to access instant personal loans…
I’m already repaying a personal loan, but due to some recent unexpected expenses, I find myself needing additional funds. I’ve come across the option of taking a top-up loan on my existing personal loan, but I’m not sure if that’s a better route compared to applying for a fresh loan. Could you explain how a…
A personal loan provides a convenient method of funding unexpected travel, house repairs, weddings, or doctor’s bills. Through the provision of an easy online portal that connects borrowers with top Indian lenders, Livemint makes the loan application process simpler. A step-by-step guide on how to apply for one through Livemint will be covered here. What…
As India’s economy and startup ecosystem continues to flourish and grow, several aspiring entrepreneurs are exploring financing opportunities to kickstart with their own ventures. One of the most prominent options to meet these demands is utilising personal loans to fund business ventures and initiatives. Now, this approach offers several advantages still, it also comes with…
When an individual who has a loan on him passes away with an outstanding amount, it raises several critical questions about the repayment of such debt along with the future course of responsibility for clearing the pending amount. That is why understanding the financial and legal consequences about debt repayment post the demise of an…
