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Get Enlightened on Everything about Money and make informed choices when going for any Loan be it Personal Loan, Home Loan or a Business Loan.

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Loans

Loans – Everything You Should Know about it is Here!

Loans are a great financial tool for a person who is in need of money. A Loan is an act of borrowing money with a promise that you are going to repay the borrowed amount in a particular period of time.

Banks, NBFCs and some other lending institutions like DSAs provide loans to the customer by charging interest on the borrowed amount. In turn the borrower needs to satisfy some eligibility criteria and sign a loan agreement.

There are different kinds of loans such as Personal Loan, Housing Loan, Business Loan and so on.

The key for successful utilization of a loan is in understanding it in detail. Improper understanding can bring unwanted and unexpected troubles, such as legal actions. They are never be a good idea if you can’t afford to repay them.

Loans can be secured and unsecured both. A secured loan requires a  collateral against which one borrows. Should the borrower default the lender takes possession of the collateral. Whereas in an unsecured loan there is no need for any collateral leaving the lender without a collateral to recover loan amount.

Let us enlighten you about everything important about a loan. Keep reading! Keep enlightening yourself through our Blogs.

Unexpected Things Responsible for Rejection of a Loan Application

When you apply for a loan from a bank or NBFC, they try to judge your ability to repay the loan. This judgment depends on various factors, deciding your creditworthiness. Some of those factors include borrower’s age, income, career stability,… Continue Reading →

All You Need to Know About Consumer Durable Loans

Consumer durable loans are small loans which help a customer to buy home appliances with easy EMIs. This type of loan is used exclusively to purchase durable products such as AC, TV, washing machine, refrigerator, laptop, computer, microwave, kitchen appliances,… Continue Reading →

Debt Trap a Serious Issue! Don’t Ignore these Signs!!

In this competitive world, loans have become an important financial tool on which more than 50% of the population depends. Whether it be some urgent financial requirement or the willingness to avail some luxuries, loans are the option which can… Continue Reading →

Education Loan: Acquire the Skills You Always Dream

Quality education has become one of the most expensive yet compulsory things to acquire in our life. Though education is costly nowadays, we can’t afford to ignore the same either for ourselves or our kids. According to the studies, schooling… Continue Reading →

Top 3 Types of Loans You can Get to Fund Your Short-Term Requirements

Cash crunches are common and can come to anyone at any point of time. There can be immediate money requirement to bear some medical expense or it can be some shortage of money to fund your child’s wedding. Adding some… Continue Reading →

7 Simple Steps Towards Debt Repayment

Living with debts is the new normal. But if you can manage yourself to come out of the quicksand of debts, you will be able to stand above the rest. Such a financial stage of life is something which is… Continue Reading →

Why Living with Debt is the New Normal?

The economy is the fuel which makes the people of this planet lead a normal life. The transaction of money is needed for anything and everything we need to do for our survival. We can’t even imagine spending a day… Continue Reading →

Millennials May Have Debt; But They are Smart to Payoff

Millennial are the people born between 1981 and 1996. This is the generation which saw the world usher into modern digital age. They are the eye-witness to the birth of personal computers, internet, mobile phones, and smartphones. All these give… Continue Reading →

Personal Loan Vs Gold Loan Vs Home Loan Top Up

The need for cash is like that unwelcomed guest who knocks at our doors at any odd time of our lives. When no other funding options make its way to our mind, we crawl through the websites of numerous lenders… Continue Reading →

What is Debt Trap and How to Avoid It?

Debt is the amount of money you owe to others, this can be a loan from banks, private lenders or money borrowed from your friends and family. No one likes to be in debt but sometimes it becomes the need… Continue Reading →

Importance of Age and Tenure When Applying for a Loan

The rate of inflation has touched double-digit figure in the recent time where the price of everything is increasing and the value of purchasing is decreasing money wise. There has also been an enhancement  in the lifestyle of the people,… Continue Reading →

Is it a Good Idea to Repay all Loans before Retirement?

Retirement is time to leave all the responsibilities behind and enjoy a relaxed life. Whether it be traveling or staying at home and play with the grandkids. Unfortunately, there are some senior citizens who are spending their golden time being… Continue Reading →

All you need to Know about Easy Loans with Credit Card

The number of people using credit cards is increasing day by day, as it is one of the easiest ways to fulfil one’s needs and requirements when they are out of money. Credit cards are also a great help when… Continue Reading →

The Pros and Cons of Taking Out Multiple Loans at Once

Availability of online loans through different banks and DSAs have brought a huge change in the lending and borrowing process of banking. The borrowing process has become so easy that it takes only a few minutes to get money credited… Continue Reading →

Things to Keep in Mind Before You Sign Up as a Loan Guarantor

Basically a loan guarantor is someone who is legally liable to pay off the loan or the outstanding loan amount, in case if the primary applicant is unable to repay it. A guarantor can be anyone from your family, friends… Continue Reading →

Basic Rules to Follow When Taking a Loan

Loans are the survival tool for many people these days. Loans get you the money at the time of need in a hassle free manner. The biggest advantage of having a loan is you don’t need to borrow from your… Continue Reading →

What are the Rights of Every Loan Defaulter?

Money is one of the basic necessities of our life and is required for almost everything. Apart from basic necessities, lifestyle spends such as buying a home, higher education of children or to buy a car. Apart from all these… Continue Reading →

5 Simple Steps to Get out of Debt in 2018

Being in debt is a very stressful experience. No matter what is your present circumstance, if you sign for a loan doesn’t matters which one,  you become obligated to repay the loan along with the interest even if you have… Continue Reading →

Top Reasons of Loan Turning Into a Bad Debt

Borrowing money is a common thing but before you borrow money, it’s very important to know the difference between good debt and bad debt. Somethings are worth going into debt, but many others can create a big financial mess for… Continue Reading →

The Growth of Digital Lending Market in India

Digitisation has completely changed the lending system in India which always existed. This has become possible with the shrinking gap between the new technologies and the lending system. With digital lending each and every step of the lending and borrowing… Continue Reading →

What Happens When a Borrower Fails To Repay a Loan?

A Loan is an amount of money provided to the borrower by the lender with or without any collateral, with the promise of repayment of the initial amount borrowed along with interest. This way the borrower gets the money in… Continue Reading →

7 Financial Habits that will Help You to Get a Loan Faster

Future is completely unpredictable and cash crunch can occur at any point of time. Someone may face an emergency accident or someone may face a sudden down in their business or it may happen that someone decides to purchase a… Continue Reading →

Loan Insurance Plans – What You Should Know

Insurance is a tool for the financial protection against adversities like theft, accident, job loss, temporary or permanent disability, bad health and death. A number of insurance plans are available in the market which provides tax benefits, risk covers and… Continue Reading →

What Makes a Lender Ideal?

When you are looking for a loan it is not only about the loan amount and the interest rate and the incentives but also a lender from whom you are getting any loan for your needs. It is as equivalent… Continue Reading →

Does Loan Settlement Ruins CIBIL Score?

When you take a loan, it might be the case that you decide to repay the loan through the tenure of the loan, but due to certain uncertain situations, you might end up being in a state that you cannot… Continue Reading →

Benefits of the Floating Interest Rates

When a loan is taken by the borrower with floating interest rates, he agrees to the fluctuation in the interest rates as per the market movements. This type of rate of interest is also called as “variable rate of interest”… Continue Reading →

Your Employer and Your Loan Eligibility

If you have applied for a loan in any bank, it is quite easy to understand how important employer status is. Even though you have a bit low credit score, low income it is still possible to get loan approved… Continue Reading →

Which is Lighter on Pocket- Secured Loan or an Unsecured Loan?

Most of us know what a loan is and the benefits of the same. Also we all are smart to check if the loan we are availed with is the best one that suits our requirements. However, here is another… Continue Reading →

Good Loans v/s Bad Loans: What do you actually need?

Getting loan has become very easy in India to the extent that it has become a part of everyone’s life. Most of the banks, NBFCs, housing finance companies are trying their best to market and sell loans to almost all… Continue Reading →

Under-debt or Debt-free Life – Which one is Better & Why?

In India, most of the citizens have one or the other type of loan. This is considered as one of the best way to make some savings and also to live a better life.  The country is offering loans to… Continue Reading →

Making Money from Loans

All of us would have heard about taking loan for meeting emergency needs or for covering expenses but not many know the benefit of taking loan for making money. Yes, taking loan for investment in profit generating investment is nothing but… Continue Reading →

Watch out before Becoming a Loan Guarantor

Nowadays banks have the facility to get all credit information of the applicants, thus it is not easy to hide anything from banks. All banks have access to access any type of credit data through CIBIL ratings and remarks. This… Continue Reading →

Bank or NBFC: Which is Better for Loans?

Getting a loan in India is no more a tough task if you meet the eligibility criteria but the main concern among many is to decide whether to choose a bank or NBFC for loans in India. According to research… Continue Reading →

Do You Know Which Interest Cycle Is the Best for You?

The loan type in which the framework works on the basis of the outstanding amount decreasing is called the reducing balance loan. It is also called rest in the banking jargon. It defines the time period after which the bank… Continue Reading →

Peer to Peer Lending in India – What is it and how it Works?

If you are thinking of a sector that has remain untouched from Digitization, then better stop thinking. The digital set up has officially taken over the world and it is better to accept the fact that the more you deal… Continue Reading →

5 Tips to Make Your Loan Application a Hassle Free Process

All of us would have had that moment in our life when money is not sufficient enough to either for buying a home, going for a vacation, buying some gadgets, for marriage expenses or for education fees. And many of… Continue Reading →

Being a Smart Borrower: 5 Tips for Women Borrowers

Money is a need at all times. In reality, many of us will look for opportunities through which some additional money can be received for meeting various necessary requirements. In India, we are lucky to have a wide range of… Continue Reading →

Loans You can Get in India – There is One for Every Need!

Many people make use of loans for emergency needs. In India there are various types of loans available from personal loans to vacation loans. However, using the right loan for appropriate use is the key. The rate of interest for… Continue Reading →

Pre-approved Loans

You have probably received thousands of calls from so and so banks by now that offer you pre-approved loans. Not only you but the same experience was witnessed by me, my neighbor, your family and everyone around us. The fancy… Continue Reading →

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