Posts Tagged “Loans”

Millenials Betting Big On Personal Loans For Smart Travel Experience

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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…

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

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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…

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Easy loans can make life tough

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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…

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

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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…

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How lenders check creditworthiness before approving personal loans

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How lenders check creditworthiness before approving personal loans

When you apply for a personal loan, your credit report is often studied by the lender to assess your creditworthiness and understand how good you’ve been at managing credit in the past. Many financial technology companies currently active in the market employ risk-assessment algorithms to check the eligibility of applicants speedily and accurately. Perhaps the…

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Personal loans: Four tips to get funds at low interest rate

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Personal loans: Four tips to get funds at low interest rate

Four tips to get the best personal loan at a low interest rate (Illustration: SHYAM Kumar Prasad) Source: Tax Guru A kind of an unsecured loan, a personal loan is a handy financial tool that is easy to apply and in most cases, hassle-free to repay. However, since you don’t secure the loan with a…

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Credit card, unsecured loans drive banks’ credit growth – Is it a good news?

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Credit card, unsecured loans drive banks’ credit growth – Is it a good news?

There is continuous rise in banks’ credit growth especially due to small ticket size loans aka retail ones which include home loans, personal loans and vehicle loans. Retail has been driving loan growth at 15-17% and the share of retail loans is at 26%, an all-time high. Unlike 2017, where credit growth was hampered due…

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Personal loans 101: How they work and who can qualify for them

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Personal loans 101: How they work and who can qualify for them

When you need cash, there are several reasonable ways to get it. You may be able to get a small loan from family or friends, and you can always apply for a credit card. But, there’s another option to consider that comes with certain advantages – and that option is a personal loan. While personal loans have…

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Five Things To Consider Before Taking Personal Loans

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Five Things To Consider Before Taking Personal Loans

Nowadays, it is very common to find a minimum of one email every day in your inbox telling you about pre-approved or instant loans. The marketing team of the banks, with the attractive advertisements, makes you feel like the loan offer has been made just for you. Do not fall prey to such traps. Keep…

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