Archive For The “Personal Loan” Category

SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

By |

SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

Banks have now started offering in-principle approval of personal loan in less than an hour on ‘PSB Loans in 59 Minutes’ portal from this September. More than 25 public and private sector banks, including the State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Kotak Mahindra Bank and Union Bank of India will approve…

Read more »

4 Mistakes To Avoid When Taking a Personal Loan

By |

4 Mistakes To Avoid When Taking a Personal Loan

A personal loan is an unsecured loan offered by banks and non-banking financial companies (NBFCs). These are unsecured because a borrower is not required to pledge any asset—property, jewelry or car—to get the loan. For this reason, personal loans come with a higher interest rate compared with secured loans, such as a home or car…

Read more »

Follow these steps to repay your personal loan quickly

By |

Follow these steps to repay your personal loan quickly

Meeting needs can be difficult in today’s times considering how inflation has had an increasing effect on prices of goods and daily needs. The characteristic of the market slowdown and economic depression that the country is currently going through, expenses are mounting compared to income levels, thus, warranting the need to apply for personal loans…

Read more »

Millenials Betting Big On Personal Loans For Smart Travel Experience

By |

Millenials Betting Big On Personal Loans For Smart Travel Experience

While on one hand Baba Ramdev is improving the health of millions in India, on the other hand, millennials forming around 40% of the country’s working population are facing several health issues primarily due to the stressful work culture. A quick solution to rejuvenate their fatigued bodies and stressed minds is weekend getaway trips, which…

Read more »

HDFC Bank personal loan 2019: Eligibility, rates, documents needed, features, other details

By |

HDFC Bank personal loan 2019: Eligibility, rates, documents needed, features, other details

According to HDFC Bank, all the resident Indians working in private limited companies or public sector undertakings including central, state and local bodies are eligible to get a personal loan from the bank. HDFC Bank charges a processing fee of up to 2.5 per cent of the personal loan amount  |  Photo Credit: PTI New Delhi: India’s…

Read more »

Gold loan vs personal loan: Which one to opt for?

By |

Gold loan vs personal loan: Which one to opt for?

Personal loan tenures are relatively short, which explains them not requiring collateral. Planning on a big-ticket spend but don’t have the money to bankroll it all? Or facing a family emergency and your savings are insufficient to bail you out? A fair few of us who have been in suchsituations feel that the most feasible…

Read more »

Personal loan application rejected? Some dos and don’ts to avoid rejection

By |

Personal loan application rejected? Some dos and don’ts to avoid rejection

Having a good credit score improves the chances of loan application approval but still there some other reasons which can lead to rejection. Given below are dos and don’ts to avoid rejection of application. Some do’s and don’ts to avoid personal loan rejection New Delhi: Personal loan is useful for the people who fall short of…

Read more »

You are Pre-approved! Know All About Pre-approved Personal Loans

By |

You are Pre-approved! Know All About Pre-approved Personal Loans

Have you ever received a message or call from a bank offering you a pre-approved personal loan? Whilemost of us ignore such offers, theycanbe useful when you plan to renovate your house, get married, take a vacation or there is a medical emergency and are short on funds. The biggest advantage of pre-approved loan is…

Read more »

Easy loans can make life tough

By |

Easy loans can make life tough

It took about seven years for Anil Agrawal, 35, a Pune-based sales manager, to clear off four different loans he had accumulated over a period of five years. He is still paying the EMIs for a fifth loan. It all started with a personal loan of about₹4 lakh that he took from a private bank to meet…

Read more »

watchOS 6 advances health and fitness capabilities for Apple Watch

By |

watchOS 6 advances health and fitness capabilities for Apple Watch

Introducing Cycle Tracking, Noise app, Activity Trends and App Store Right on the Wrist watchOS 6 brings enhanced health and fitness features to Apple Watch. San Jose, California — Apple today previewed watchOS 6, which empowers Apple Watch users to better manage their health and fitness, and gives access to dynamic new watch faces and the…

Read more »

How LoanTap revolutionised personal loans for salaried professionals, growing its order book by 10x

By |

How LoanTap revolutionised personal loans for salaried professionals, growing its order book by 10x

When LoanTap started its digital lending business in mid-2016, the conversation around fintech in India was hardly as loud as it is today. Of course, that changed with demonetisation later that year, but the narrative mostly remained focussed on payments and mobile wallets. In the last 12-18 months, however, lending has emerged as the new investor…

Read more »

Planning to take a loan for your holiday? Know your options

By |

Planning to take a loan for your holiday? Know your options

Borrowers should check other options and deals offered by banks directly on their website or from fintech companies and online loan providers. During the travel season, most make random travel plans without prior planning and don’t always have sufficient money put aside to fund their vacations. Due to a shortage of funds, some people also…

Read more »

Personal Loan vs Credit Card Loan: Which is the right choice for you?

By |

Personal Loan vs Credit Card Loan: Which is the right choice for you?

Irrespective of what loan option you choose, compare their specification before opting for one. Credit card loans, along with personal loans, have become a way of life today as a large number of people prefer to go for these two types of loans whenever they need funds for something. However, while taking a loan, some…

Read more »

Know these 5 essential things before availing a personal loan in your 40s

By |

Know these 5 essential things before availing a personal loan in your 40s

With a family to support and enormous responsibilities to shoulder at this stage, it makes sense to weigh the pros and cons of taking a personal loan Representational image  |  Photo Credit: BCCL The need for cash during a sudden medical emergency, home renovations or children’s education are some of the unplanned expenses that can be…

Read more »