Personal Loan Archive

Personal Loan Types and Interest Rates
October 15, 2022

The Indian banking sector boasts different Personal Loan types to cater to the diverse set of financial requirements of the customer base. The bank offers its funds to borrowers without any security, making it a popular financial product. The interest and loan amount varies significantly based on the applicant’s profile…
A Definitive Guide to Statutory Liquidity Ratio (SLR)
October 04, 2022

The economy of every country majorly depends on banks and hence, each country has a monetary authority that regulates how banks operate. In India, we have the Reserve Bank of India (RBI) as our principal monetary regulator operating at a national level. But the question is - how does this…
Personal Loan Tax Exemptions & Details
July 02, 2022

Time and again, personal loans have proven to be a reliable safety net for any financial need. The unsecured loans are easy to avail of with minimal eligibility criteria and a swift documentation process. The Income Tax Act 1961 does not consider personal loans as an income, so they are…
Pointers to Keep in Mind to Choose Personal Loan Tenure Wisely
January 13, 2022

Are you going through financial turmoil and need instant access to corpus funds to emerge from a financial crisis condition? Thinking of asking your relatives for a favour? Don’t! To meet the requirement, you can borrow a personal loan instead and that too at the lowest interest rates from financial…
Pointers to Keep in Mind While Availing Personal Loan
January 13, 2022

Life is unpredictable, and you might need to meet financial obligations irrespective of the time. The veracity of such situations is you can’t prepare yourself ahead of time to deal with them. Although, if the situation is about fulfilling immediate financial obligations, count on a personal loan. However, the unsaid…
Personal Loan Glossary – Important Terms You Must Know
January 10, 2022

A personal loan is one of the most common methods of availing of a loan and accumulating those funds to fulfil personal or business requirements. The personal loan can be meant for varied reasons such as higher education, marriage purpose, home renovation, starting a new business, and everything else that…
A Detailed Guide On When To Take A Personal Loan
January 10, 2022

One of the feasible options to quickly meet a financial urgency is definitely a personal loan. Not only can you get them fast, but also they are highly flexible and easily accessible. Furthermore, a personal loan can be instrumental, pertaining to emergencies as well as for weddings, travel, and shopping,…
Factors That Affect Personal Loan Interest Rate
January 10, 2022

Are you confused about the affordability of a personal loan? The financial implication greatly relies on the personal loan interest rate. The interest rate for a personal loan varies from one applicant to the other. There are numerous factors determining the interest rate of a personal loan. So it is important…