The growing competition among financiers to tap the financial affluence in the country by providing more and more personal loans has been a boon to the customer who now enjoys a host of additional benefits that are being offered by the banks and financing institutions. There are several wonderful schemes on offer which make the… Read More »
In today’s financial taking a personal loan to meet various kinds of requirements has become a common affair which thousands of young earning professionals are resorting to on a regular basis. However while opting for these seemingly easy and simple loans one needs to appreciate the additional fees and charges that are applicable over and… Read More »
The primary criteria that any bank looks at when disbursing unsecured personal loans is the credibility and repayment capacity of the individual applying for the loan. In this regards there are separate criteria for salaried and self employed people. Due to the inherent security and stability associated with the salaried class the norms are quite… Read More »
While looking for a good deal on a personal loan there is always the dichotomy of choosing between a longer repayment tenure that makes the EMIs comfortable and shorter period that has a higher EMI but ultimately saves on interest paid out. There several kinds of offers on personal loans which are being advertised and… Read More »
Though a personal loan has become one of the most convenient tools for meeting urgent financial needs that can be satisfied through other means there still are some considerations which a borrower must weigh carefully in order to make the best out of the situation. There are several factors in a personal loan which can… Read More »
Surprising as it may seem, there is a lot of room for bargaining and negotiation in the terms and conditions being offered by banks for personal loans. Armed with this information we can easily negotiate wonderful deals on personal loans if we put use our inherent bargaining skills for which we Indians are famous. Following a… Read More »
Personal loans are a wonderful and easy means to raise funds in case of an urgent requirement. There are no security requirements for availing a personal loan whose processing time is the minimum. Thus many people prefer this option over the other kinds of loans that are available in the market. However there are… Read More »
Despite the widespread usage of personal loans by most people to raise capital in a short time, there is still a great degree of confusion regarding the interest rates that are applicable on these loans. Most burrowers are not sure about the method of calculation on interest and the amount that has to be paid.… Read More »
There are several aspects of personal loans which most of the common customers are not completely aware of. Thus the rate of interest that is advertised by the financier may not actually be what the customer ends of paying. Several clauses which seem normal may eventually add up to the total money repaid for the… Read More »
A personal loan is by nature an unsecured credit that is provided to an individual based on his personal capability of repayment. The process is extremely simple and fast provided that the requisite documents are in order when applying for the loan. These documents pertain to the repayment capacity as indicated through the income proof… Read More »