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…
India is a rapidly growing economy, an economy that needs consistent credit to continue on its path of building infrastructure, roads, planning on future education, health management along with other crucial economic projects. Now, in such an environment the nation has witnessed the distribution of personal loans on a large scale. All of such personal…
IDFC FIRST Bank offers a debt consolidation loan via FIRSTmoney to simplify repayment by collating numerous loan debts into a single debt so that borrowers can repay with manageable instalments. This approach not only helps borrowers manage their finances well but may also reduce overall interest costs. The features offered by First money include zero…
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…
Many Indians find themselves struggling to devise an investment plan and save money efficiently. This is happening in an era of global inflation, economic tariffs and disputes between nations all over the world. This is an era where financial stability is of paramount importance. Now, even after a cultural emphasis on saving and investing, several…
As Indiaâs 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 you are short of funds, you could have a temptation to borrow money. And it is perfectly alright to borrow when the interest rate and the reason to borrow are ârightâ. But what if you intend to borrow for something as avoidable as going on a vacation or for buying a luxury item. This…
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…
Personal loan indebtedness can prove to be difficult to manage, particularly when one is financially distressed. Borrowers tend to turn to two options: loan restructuring and loan settlement. Both seek to bring an end to agony, but making decisions that are in your best interest regarding your financial well-being is based on being aware of…
When you apply for a personal loan or any other loan, you must fulfil the bankâs 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…
