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Personal loans come in very handy when you need instant cash. The loan application and approval process are quick and it is also dispersed within 3 days. Even though the prospect of a personal loan is exciting, there are still some basic eligibility parameters that are required to be met.

Electric vehicles are becoming popular due to various reasons. Lower running costs, lower maintenance costs, zero carbon emission and reduction in air pollution with electric vehicles, conversion of 59 to 62% of energy into vehicle movement, etc

When you apply for a personal loan, the lender or the bank evaluates your loan application based on various factors. CIBIL ™ score is one of the most important aspects.

A small business loan comes in handy when you want to hire people, increase inventory to produce more earnings, to expand the business’s brand, etc. But, before taking a small business loan, you should be ready.

You can pay rent through credit cards directly to the landlord or using third-party platforms. Welcome bonus, reward points, and convenience are some of the benefits that you get by using a credit card to pay rent.

A business loan comes in handy when you want to expand it or deal with the existing set of challenges. It can be used to manage cash flow, expand your workspace, hire new staff, or buy new equipment or inventory.

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.

Consumers spend quite highly during festival seasons, even if their budget is limited. So, it will really help to have credit card equated monthly installments (EMIs). This will enable customers to make big-ticket purchases and break them into smaller bills. As per your repayment capacity, you can repay the money in monthly installments.

UPI or Unified Payments Interface launched in 2016 has changed the face of real-time payments. It has made cashless transactions seamless. It has integrated several banking accounts into one mobile application (of any participating bank).

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

CVV number is a 3-digit code from the back of your credit card. It is used to verify your identity when you make a purchase online.

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.

Credit cards are a great way to make purchases without having to pay for them up front. They come with many benefits, such as earning rewards and discounts on several brands. When used prudently, they even help you build your credit score.

Swiping your credit card for any purchase is very easy. You enjoy the credit period to the fullest and also purchase the things you like. But, when it comes to payment of bills of the used credit cards, even the best managers fail to keep a track of them.

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.

Consider a scenario where you borrowed a home loan to buy your dream house. You are aware of the repayment schedules and also plan your finances accordingly. You will be paying the EMIs at the decided interest rates.

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.

India’s economic growth has been flourishing and one of the key reasons behind it is the Small and medium enterprises sector. The SME sector has about 92.5% of industrial establishments in the country. The manufacturing output in the country has 45% of its volume from the SME sector.