Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in… Read More »
Prepaying a loan when there is some amount of additional funds at hand is a good idea but it does require one to carefully analyze the implications in terms of interest saved and opportunity missed. The basis of any such calculation should be what are the short term as well as long term consequences of… Read More »
Friends, relatives and colleagues often sign as guarantors for personal loans for applicants in order to help out in getting a loan on time. However many people do not completely realize the extent of responsibility that accompanies such an act. In fact the guarantor then becomes equally responsible for the repayment of the loan as… Read More »
In most cases personal loans are opted for by individuals in order to meet emergency case requirements and also to make up some deficiency in other financial plans. People often apply for personal loans to multiple banks simultaneously for different reasons. There are a few pros and cons of such applications which the applicant needs to… Read More »
Gold has a certain element of emotional value for all Indians. Taking personal loans against family gold had not been considered as a preferable option till late though the tradition of loan against gold had been in practice since centuries through unorganized money lenders. The value of gold has been on the rise for… Read More »
Loans against property are yet another variant of the basic personal loan which has its own pros and cons. While comparing the basic personal loan against the loan against property one has to take into consideration the fact that each type is suitable under a certain state of conditions which only the borrower can justify… Read More »
The option of personal loans is a great tool to raise money at short notice without much hassles of documentation. The processing time is very less which makes it even more tempting option to avail when there is an urgent requirement of cash at short notice. The exact amount of money that one should… Read More »
The personal loan has become a popular tool that is used by many people to raise additional cash when in tight corner or when there is an urgent requirement of money at a short notice. However in most cases the situation does ease off after some time and the burrowers are in comfortable position pay… Read More »
Personal loan is one of the easiest and quickest means of raising capital without too much of documentation required. But due to its very nature of being unsecured the interest rates on personal loans are the highest as compared to other forms of loans and credits. Thus one must dwell deeply on the circumstances… Read More »
Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in the… Read More »