Today there are a plethora of options in personal loans being provided by various banks and other financial institutions. Though the exact eligibility criteria for availing such personal loans varies from bank to bank there are few common guidelines which most of the lenders follow when it comes to approving a personal loan in India. … Read More »
Rakesh Sinha is employed with Patni computers. His father, a retired government employee discusses a plan for buying a plot of land that looks promising in his hometown. The only set back for Rakesh’s father was that he was short of Rs. 3 L with the land costing around Rs. 10 L. Rakesh told his… Read More »
“Congratulations! You are eligible for a personal loans of Rs. 1,00,000/-!” Many of us are receiving this luring SMS alert from banks quite often. No wonder, the moment you face any urgent financial requirements like your children’s higher education, marriage or down payment for a new property, this option comes to your mind. It’s… Read More »
The third option is private equity. This is usually opted for high risk and high growth sectors. This comes at a much later stage of an establishment’s growth.
While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending… Read More »
Personal loan being a very popular financial instrument for riding a short term financial crunch, many people go for it without too much introspection. However, it is true that personal loans are a real help in emergencies, as one can avail it without any collateral as security, depending on one’s financial health and past payment… Read More »
Having a sound financial stand is considered to be essential nowadays, not just because we have to deal with our daily bread and butter requirements, but there are so many other expenses that wait for us at the other side of the door. Nidhi, an independent girl living in Bangalore, worked as a sales executive… Read More »
Everyone of us think about personal loans whenever there is a sudden or short term financial requirement As part of an unsecured loan, personal loans are a great financial tool when faced with financial dilemma including overdue credit card woes to meeting personal financial difficulties, or occasions like wedding. Various public and private sector banks… Read More »
Personal loans are by far one of the most popular financial instruments used by many entrepreneurs to fill their short term financial requirements. There can be a limit to the amount an entrepreneur can avail as personal loan. Also it is the basic nature of banks to watch entrepreneurs with a suspecting eye. High interest… Read More »
When you are in the urgent need of cash, the easiest option seems to be taking a personal loan. But with the raging interest rates these days, it’s not quite wise to get into the vicious cycle of debt. Banks also tend to look at your entire financial profile before accepting you for eligibility. What… Read More »