Posts Tagged “Loan”

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

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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…

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

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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…

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

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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…

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

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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…

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Loan against property: Benefits, interest rate, eligibility and other details

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Loan against property: Benefits, interest rate, eligibility and other details

A mortgage loan is a secured loan so the risk of default is low as the bank or NBFC has your property with them as collateral. Due to the reduced risk, the interest rates on such loans are relatively lower. Representative Image  |  Photo Credit: Getty Images New Delhi: Loan against Property is a type of personal…

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

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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…

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

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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…

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Want personal loan? Experts warn you about what to do before applying

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Want personal loan? Experts warn you about what to do before applying

A personal loan is one of the major options that a loan applicant thinks of during a financial emergency. The reason behind that is  due to the disbursal of money being  fast and it doesn’t require any collateral or mortgage. Hence, a loan applicant opts for a personal loan without checking the interest rate applicable,…

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Common Personal Loan Terms

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Common Personal Loan Terms

A personal loan serves an array of purposes – be it renovating your house, meeting medical expenses or funding your academic degree, a personal loan is one of the more versatile financing options available in the market. Here is a quick guide to some of the more common terms that you should have an idea…

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Gold loan or personal loan: Which one should you choose?

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Gold loan or personal loan: Which one should you choose?

As per RBI guidelines, up to 75 per cent of the value of the gold in the jewellery can be given as a loan. It is done after checking the purity of the metal and then ascertaining the market prices of gold. Representative Image New Delhi: Gold loan is a scheme where the applicant can avail…

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Know The Limitations On Taking Loan From Relatives And Friends

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Know The Limitations On Taking Loan From Relatives And Friends

The topic of discussion herein makes sense after the recent stir on a news piece that suggested that accepting personal loans would be banned under the banning of unregulated deposit schemes ordinance, 2019. And so, we will understand its likely implication on the personal loans which are taken from relatives as well as friends to…

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How to Get a Low Interest Rate on a Personal Loan

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How to Get a Low Interest Rate on a Personal Loan

The quicker you pay off loans, the more likely you will be seen as trustworthy to your lender. (Getty Images) The average interest rate on a two-year personal loan is 10.7 percent, according to the Federal Reserve. But depending on your credit history, income and other factors, you may be able to qualify for a rate in…

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Surprise RBI Repo Rate Cut 2019: Home Loan, Car Loan, Personal Loan EMIs to cost less – Check how you will benefit

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Surprise RBI Repo Rate Cut 2019: Home Loan, Car Loan, Personal Loan EMIs to cost less – Check how you will benefit

RBI Repo Rate Cut: After months of maintaining status quo over the key lending rate, the RBI today finally announced a Repo Rate Cut by 0.25%. The central bank had maintained the status quo in the last two Monetary Policy Committee meetings. The repo rate cut comes on the back several bonanzas announced for taxpayers in…

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Live More, Do More with Car Loan and Personal Loan

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Live More, Do More with Car Loan and Personal Loan

Why wait for tomorrow to enjoy life, when you can do it today? Retail loan products such as car loan can help you make the most of the present moment. Ever thought about going on a vacation with your family or friends in your own car? How about driving to office in a brand new car to…

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