Personal Loans

At some point or the other, almost all of us have faced a point in life where we need a helping hand.All you need is that little something extra to ease your financial burden a little. A personal loan from ICICI Bank is one way of making your life easier, your finances more stable and providing you the financial freedom to make certain spending choices.  ICICI Bank which was founded in 1994, is one of the premi

A personal loan could serve many purposes and come to your aid when you have no other source of money to turn to. Life throws a variety of situations at us that require that little extra source of funds - be it covering expenses for a marriage- whether of your child, sibling or your own; higher education; emergency buffer to recover from the loss of a job; home renovation; medical emergency, or a myriad other reasons. Since a personal loan doesn’t require any collateral an

Everyone loves weddings, but we might not all have the ready money to celebrate them in the style we would like to. While there is no specific banking term known as wedding loans, you can take a personal loan to cover any expenses you might have in connection with celebrating a wedding in grand style! For many Indians, a wedding is the one event in their lives that they do not hesitate to spend on, and taking a loan might seem like the most viable option. But what do you do if you ha

If you are based in Chennai and looking for a personal loan, the internet can bring the best loan offers from around the country to your doorstep! You need not limit yourself to a local lender – most leading banks and NBFCs in the country have a branch presence in Chennai and you can choose which offer best suits your requirements. Not only can you choose the best offer from anywhere in the country while based in Chennai, you can also complete the loan application entirely online.

A big fat Indian wedding also means big fat expenses for the couple and the parents of the couple!  Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents look for suitable ‘wedding loans’ at a low interest rate that can help them tide

Celebrating a child’s marriage is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents and couples look for suitable ‘wedding loans’ that can help them tide over this huge cash outflow. While there is no specific product known as wedding loans, you can take a pers

A big fat Indian wedding also means big fat expenses for the couple and the parents of the couple!  Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents and individuals look for a loan for marriage expenses and take out a personal loan that can h

If you are based in Chennai and looking for  ‘marriage loans’ that will help you cover the enormous expenses associated with a wedding, the internet can bring the best loan offers from around the country to your doorstep. You need not limit yourself to a local lender – every major bank and NBFC has a branch presence in the city and you can choose which offer best suits your requirements. Celebrating a child’s wedding is one of the most important occasions

Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents and couples look for a suitable ‘marriage loan’ that can help them tide over this huge cash outflow. While there is no specific product known as a marriage loan, you can take a p

Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents and couples look for a suitable ‘marriage loan’ that can help them tide over this huge cash outflow.While there is no specific product known as a marriage loan, you can take a p

Taking a personal loan for the first time can be a fairly straightforward matter so long as you keep in mind a few factors. If you are in need of money for a personal expense and do not have any asset to offer as collateral, then this kind of loan might be the best option. You, the borrower, have full freedom to use the money for any purpose you want.There are two attractive features of a personal loan if you are in need of quick funds for a personal expense:1. Complete flex

Weddings are a celebration of love. More than a ritual, weddings are the time for friends and families to come together, bless the couple, as they start a new phase of their life. With every passing year, the fat Indian wedding seems to be getting bigger and grander.

Capital First is an NBFC (Non-Banking Financial Company) that is in the consumer and corporate businesses.  You can avail of a variety of loans under its retail lending portfolio, including a personal loan.Am I eligible for a personal loan from Capital First? If you have already availed of a consumer durable loan or a two-wheeler loan from Capital First, then you may be

You are the owner of a small enterprise and you know how to run your business. But do you know what it takes to successfully apply for a small business loan? Much of the available information on loans focuses on home, auto and personal loans or other small loans. Here are some tips on how you can maximise your chances of getting a business loan application approved.Tips for securing a small business loanEnsure you have good personal credit:

Planning to apply for a loan? Or if you have unsuccessfully applied for one, are you wondering why your application was rejected? Applying for a loan seems a straightforward thing to do but many people unknowingly reduce their chance of securing a loan by making some very avoidable ‘loan mistakes’.  What are some of the things that trip up your application? And more importantly, how can you avoid them when you next apply for a loan?  Some common ‘l

Bank of India currently offers an interest rate of 4% per annum for savings bank accounts.  The rate is subject to change at any time.Bank of India Interest rate on savings accountMost banks, including Bank of India, offer an interest rate of 4% p.a. on savings bank accounts. Earlier, the RBI had laid down a uniform interest rate on savings accounts for all banks which meant that there was no difference in the amount you earned as interest, regardless o

Even small mistakes on a small loan can have big consequences! Do not assume that because a loan is small in size it does not require much time or effort to complete.  Here are some common mistakes to avoid when you apply for a small loan. 1. Not researching enough Often because it is a relatively small loan, customers do not pay attention to every detail of the terms and conditions of the loan.  This can lead to unwanted complications and unnecessarily high costs in

Features and Benefits of Personal LoansA personal loan is a loan taken by an individual to fund any personal expense like, for example, a wedding, to make renovations to the home or even for a vacation. Unlike many other kinds of loan, there is no restriction on how the borrowed amount is finally used – the borrower has full freedom to use the money for any purpose they want.There are two attractive features of a personal loan:i.Complete flexi

What factors affect the interest rate on personal loans? It is important to note that personal loans are the most expensive loans in the formal consumer banking system.  Interest rates on personal loans in India generally range from 14-25% though, of course, it could be higher or lower depending on each individual bank or lender’s internal policies and lending criteria. The reason personal loans incur the highest interest rates are because they are

A personal loan is an ‘unsecured loan’ – which means that you do not need to provide your lender any asset (like a house or car) as security when you borrow the money. A personal loan is a risky loan for lenders because they do not have any collateral to safeguard their money in case the customer defaults. Since it is a relatively high risk loan ( compared to housing, gold or auto loans)  lenders are careful about what kind of customer they will approve the loan for, th

It is simple to calculate the interest on a personal loan - or any loan for that matter! All you need is a calculator. Alternatively, there are a variety of online tools that will help you calculate how much you will pay as interest over the duration of your loan. Online tools: Many of the lender websites have an online tool that allows you to instantly calculate your EMI (Equated Monthly Instalme