6 ways to repay your debts
How to repay your debts? When you know that your debt is now out of control, whether from medical bills, shopping sprees, or unwanted expenses, it causes problems that affect your emotional as well as physical health. Though you might feel stressful about tackling any debt in same way: one step at a time: Here’s […]
Home Loan or Personal Loan? Which One is Right for You?
Loans can help you make purchases, bridge a short-term cash flow gap, or build a long-term asset such as a home. Most financial institutions, including banks, non-banking finance companies (NBFCs), and housing finance companies (HFCs), offer a variety of loans to meet the needs of their customers. Customers can choose between home loan or personal […]
What is a CIBIL score? And how it affects your ability to take out loans
Consumers now rely on credit cards and loans to help them reach their aspirations and financial objectives. One of the most important criteria and measurements for obtaining this desperately required credit access is the CIBIL Score. What Is CIBIL? This is a question we all have in our heads when we run around for loans. […]
What happens when RBI hikes the Repo Rate?
There was trouble in the air recently, as RBI hikes the repo rate. This led to causing problems for various sectors. Repo rate in India is the basically the rate at which the Reserve Bank of India (RBI) lends money to the commercial banks in the company. As of September 2021, the repo rate was […]
Reasons Why You Have A Low CIBIL Score?
Taking a loan or issuing for a credit card can be an issue for you if you have a comparatively low CIBIL score. To know about how to have a good CIBIL Score, firstly we need to know what is a CIBIL Score. What is a CIBIL Score? The full form of CIBIL is basically […]
What happens when a loan becomes a Non-Performing Asset?
An NPA is basically a Non-Performing Asset. When loans which have been borrowed by a person from either an Indian Bank or any financial institutions and when the interests and the loan amount has been overdue for a long period. A long period is basically when it has been more than 90 days. Being a Non-Performing […]
Personal Loan Settlement
Personal Loan is basically an Unsecured Loan which is taken by an individual in such a situation where they borrow money for their personal needs or for an investment in a company. A Personal Loan consists of 3 elements – an Evidence of the debt (for example a Promissory Note), an amount which has been […]
What happens when you don’t pay student loans?
A type of loan which has been designed to help the students pay for their higher education which can be either domestic or international is known as a ‘Student Loan‘. It covers the expenses such as tuition, books, supplies and living. This is different from other types of loans because the interest rate is comparatively […]
What can happen in personal loan default?
A personal loan is an unsecured loan which can be anything from an Individual borrowing money for personal needs to making investments in a company. Many people take out personal loans to cover unexpected expenses or to consolidate their debts. A personal loan can be a good option if you have a good credit score […]
How to avoid personal loan scams.
