Loans

Loans are a great way to obtain cash to pay for anything, be it your wedding, vacation, medical emergencies, education, etc. But, loans have a great impact on your credit score. If you make timely payments on your loans, then it will have a positive impact on your credit score.

5 Useful MSME Business Loan Tips For Young Entrepreneurs, Advantages of MSME Business Loans

A mandate is a standing instruction given by a customer to the bank to allow a specific amount to be debited from your account automatically. Here, automatically refers to the fact that no recurring permission is needed to be obtained by the bank from the customer.

The best reason to choose a longer repayment term on your personal loan is to get the lowest possible EMI amount. This will save you on personal loan interest charges over the life of the loan, and give you a better chance at pre-closing the loan sooner.

Rejection is something that no business wants to face. This rejection might be for a new project or for business loans. But, banks and financial institutions have a certain set of criteria that need to be fulfilled before the loan application is processed.

Buying a home is a major life decision and needs a lot of financial planning. Even a small error in availing a home loan can spoil your dream of owning a house and also disrupt your budget. Home loans are long-term borrowings and are generally a big sum.

HDFC bank has introduced a new niche for salaried employees and aims to help them with any emergencies that may crop up. Salaried employees will get attractive benefits from HDFC bank if they apply for a personal loan. The major benefit is the low-interest rates.

Flexi business loans are types of business loans where the loan lender approves a loan limit for the business owner. The loan limit is generally sanctioned for a specific time period which is one year or so. Once the limit is sanctioned, the business owner can withdraw funds within the specified limit at any time.

Business loans have become the go-to credit instruments in the market. Financing your business is one of the most critical concerns while managing your business. You should never take the credit option lightly for your business. Detailed research is required for anyone to procure the funds quickly and apply them to the business.

A salary advance loan is a personal loan that is available to every salaried person in India. Allocating a part of your salary for emergency funds is crucial in financial planning. But, even after investing wisely, there may be situations where you need to borrow money.

Paytm, one of the leading digital payment companies in India, partnered with scheduled commercial banks and NBFCs in February 2022 to provide collateral-free instant loans of up to ₹5 Lakhs at low interest rates.

A loan against property provides a considerable amount of funds to the borrower. The reasons for this type of loan are generally setting up a new business, marriage purpose, or education if pursued by children abroad. It is important that you know all the myths and the exact realities of the loan against the property before you decide to take one.

SBI, the country’s largest lender, offers Pre-Approved Personal Loan to its users. You can avail this loan by applying through SBI YONO app.

Home loans are a long-term commitment, so you should have full clarity on the terms and conditions of the loan before you apply. This will enable you to better understand whether the loan is right for you, and will help you save time and money when you apply.

Buy Now Pay Later is a great credit facility that offers some much needed relief in times of cash crunch. Anyone can be faced with a financial emergency at any point in life and having an affordable credit option is important.

Since personal loans can be availed of without submitting any collateral, The banks will impose certain charges. Personal loans are nowadays granted instantly without any tedious paperwork or documentation to be done by the applicant.

Probably, the person who aspires to build a new house would have planned for months before applying for a home loan. Priorly planning, doing a lot of legwork, and research helps to avail of housing loans at the best deal from leading lenders in the market. As part of the home loan planning process, the EMI calculation is a must to find the interest rate of your home loan.

Life is unpredictable, and you can experience a money crunch once in a while for various reasons. For example, it could be due to a vacation, a wedding in a family, or a medical emergency. In situations where you are short of cash, the first thing that we tend to think about is to use your savings and liquidate your investments even at a loss.

Gold loans are becoming increasingly popular with borrowers as they offer better rates and flexible repayment options. Borrowers can get loan amounts of up to 90% of the market value of the gold. Also, the processing time is less than a day.

The consumer lending industry has seen significant changes in recent times due to technological advancements. Most people now find it easy to access financial products with the help of technology rather than using the conventional application process.

Are you in a cash crunch in times of emergencies? Well, a personal loan would be the best choice for you to tide over the financial crisis during the emergency.