Loan
5 Basic And Quick Ways To Repay Your Short-Term Loans
Personal loans are among the most sought-after short term loans that many borrowers go for. It comes with a flexible tenor of up to 60 months and offers a large amount of up to 25 lakhs. Features like quick money access, faster loan processing and ease of usage of money make it beneficial for borrowers. But still, many people don’t apply for short term loans such as personal loans. It is because they are unaware of the ways they can repay it. If you have a small personal loan and want to know ways you can repay it quickly, then this post will help you out. Read on! Go for personal loan part or full prepayments Most of the leading lenders in India provide you with the facility of paying part or full prepayments on your ongoing small personal loan. When you do that, then you can easily repay...
Gold Loan or Personal Loan – Which Financing Facility you Prefer
People often opt for loans during financial emergencies. The banks and non-banking financial companies offer loans at specific interest rates and the borrowers can repay the loans in EMIs. The most common answer during financial emergencies used to be personal loans. However, gold loan has made its way to the list of many borrowers in recent years. Both sorts of loans have many salient features and benefits to offer to the borrowers. Many banks have added both to their financial offerings. The question that now arises is which one between a personal loan and a gold loan is the best suit for you. Gold loan vs Personal loan The market is filled with options for personal loans and gold loans. Most banks are now offering online services that have made the whole process convenient for all. You ...
5 Things to consider for a chartered accountant professional loan
Chartered accountants planning to set up their own practice or expand their existing firm can consider availing a professional loan for chartered accountants. These loans can be used for purchase or extension of office space, technology up-gradation, the fulfilment of working capital needs, hiring trained staff, and the likes. However, before applying for a professional loan for chartered accountant, there are several aspects that applicants should keep in mind. These aspects have been discussed below. Total cost of the loan Before opting for a loan for chartered accountants, applicants need to consider the overall cost of the loan. To determine the total cost of the loan, applicants need to take into account factors such as interest rates, associated charges and so on. Some of the standar...
Avail An Instant Personal Loan Without Leaving Your Home
Some loans are earmarked for a specific purpose. You buy a home with a mortgage loan, you purchase a car with a vehicle loan, and you pay for college with an education loan. On the other hand, a personal loan can be used for a variety of purposes. Getting a personal loan is now simpler: you need to make sure you fit in the eligibility criteria set by the lender you’re applying for a loan with. Using an instant loan app you can apply for a personal loan instantly and check the status of your loan. Most instant loan apps will have an easy to use interface that helps customers to apply for a loan without much hassle. An instant personal loan app also cuts down the time required and paperwork involved in a loan approval process. The complete process can be carried out online with an app on a s...
Secure Loan Against Property From Frauds
In recent times, there has been an increase in fraud activities in housing and financial sectors in India. When it comes to financial crimes, mortgages and loans provide ample opportunity for scammers to defraud, steal, or cut corners. Given the illiquid nature of the property, it is nearly impossible to exit the investment in a hurry. And it is difficult to expose the offenders; therefore, it is critical to understand such frauds and learn how to avoid them. What is a loan against property? A loan against property is a type of secured loan, which is granted keeping a property as a mortgage with the lender or the lending institution. This property can either be an owned house, land, or any other commercial asset. Your property remains collateral with the lender until the entire loan is rep...
Tips for Parents Taking Education Loan for kids
Providing education to their children is a crucial goal for all parents. However, they are often unaware of the spiralling cost of education, especially higher education, which can take a toll on a child’s ambition. Self-financing your child’s education is the best option. But sometimes, you may not have the required funds to meet the entire cost. This is where personal loans for education come to the rescue. Personal loans for education are targeted towards parents who require additional finance to cover their child’s education costs. It is a combination of saving and investment that ensures that your child’s financial needs are taken care of even in your absence. You can easily apply for such loans through personal loan apps for quick disbursal. Wi...
How Fintech Lenders Changed The Landscape Of Personal Loans?
Loans have always been a handy instrument for raising funds at times of a financial crunch. A personal loan is one such offering from banks as well as NBFCs which is a non-secured, short term funding. Why Avail A Personal Loan? Out of the many loans available, a personal loan in India is a funding mechanism of the choice of many borrowers. It is because of some very distinctive features of this loan. These are: It is an unsecured loan, meaning that you need not pledge any collateral or security to the lender. Relaxed eligibility criteria and less documentation make this loan very popular. You can use the funds from a personal loan for any purpose. It is almost an instant loan with quick approval and on the spot fund disbursement of the loan amount. The Traditional Indian Lending Scen...
Why should people apply for a personal loan from a licensed money lender?
We, People tend to face various needs that demand money regularly. Most times we make us of our hard-earned money fulfill all the needs. But there are also times where all of our earnings are inadequate to tackle the situations. In such cases, borrowing money from professional lenders is the best choice. We need to look for a licensed money lender who can provide the loan with a low rate of interest. People can look for licensed Lender Singapore online or they can consult with their family and friends for suggestions. People can also check the comments of the customer regarding different moneylenders and contact the one who has got the maximum positive comments. There are many reasons for taking a personal loan from a licensed moneylender and these reasons have been des...
Personal Loans- A Saver In Crisis Situation
Instant loans are the most common type of loans today. A loan that is taken to fulfil the needs for which you don’t have the money currently is known as a personal loan. If you are having a credit card, this loan is highly recommended. The personal loan comes in the category of unsecured loans. This is one of the best ways to get money when you want it the most and it is available in a short period. YeLo app is the best bet in the market that helps the personal loans seekers to get instant loans and from where. This app features plenty of loan providers and also features different interest rates and compares the prices and policies for you. The loan applicant can check through the app about what policies and loans will meet their needs the best and how it would benefit them in the long-run...
Loan vs Mortgage – What is the Difference & Comparison?
India has a significant market for short-term, unsecured financing. Studies show that the demand for such credit has risen considerably in the last few years; the data showed the total debt amount at around Rs. 20 Lakh Crore, which is a substantial increase from Rs. 6 Lakh crore in the last decade. Both secured and unsecured loans are offered by lending institutions at affordable interest rates and minimum documentation, making it easier for a borrower to avail the benefits of such credit schemes. However, the type of credit (whether mortgage or unsecured advance) one needs to avail usually depend on their unique financial requirements. Short-term unsecured credits are ideal for emergency financial requirements, while long-term secured advances are ideal for large scale expenditures. It is...
How to make your Financial planning easy with a Personal Loan Calculator
In this century, when the cost of living is reaching heights, personal loans have emerged as an ultimate way to carry out unexpected expenses. You can also meet the intended financial goals using a personal loan. If you use a personal loan EMI calculator before opting for a personal loan, then you can have significant benefits. Because EMI calculators have inbuilt preset formulas that can help you to plan your repayment schedule. The output from the personal loan calculator is always correct, so it does all the hard work on your behalf. Easy ways to plan your finances using a personal loan EMI calculator Doing EMI calculations yourself can be challenging. All types of different loans require different kinds of formulas. When you use a personal loan EMI calculator, then the calculation is d...
Availing a personal loan in Pune? Go through these 5 tips to help you choose the best lender according to your needs
With the increasing cost of living in Pune, people in the city opt to take a personal loan to cater to a plethora of requirements. Since a personal loan is an unsecured form of credit, salaried professionals in Pune can opt for this type of loan without having to pledge any of their assets as collateral. Moreover, this type of loan can be utilized to cater to pay off credit card bills, fund your vacation or even medical expenses. This type of loan can be availed for a tenure of 12 months-60 months at low-interest rates. However, when opting for a personal loan you must follow the below tips to choose the best lender according to your needs. First, let’s understand what a personal loan is? A personal loan is an unsecured form of credit that is offered without any security and is given based...
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