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How to improve your chances for getting a personal loan_ - [A]

Personal loans are serviced by individuals and are used for a variety of purposes, from renovating your home to international vacations and debt consolidation. They are generally uninsured, which means they do not have to give a guarantee, making them an attractive option for customers. However, the risk to lenders is higher, and therefore interest …

Things to know before signing on as a guarantor for home loan

Obviously, mortgage lenders have a long list of conditions that borrowers must meet to be eligible for a loan. Sometimes there are cases where an individual borrower, even if he meets the eligibility criteria for the home loan, may ask the guarantor to sign the loan document. For more information on these cases and the …

Home loan_ fixed or floating interest rate_ which should be chosen_- [A]

Getting a mortgage loan is very easy these days. However, choosing the best option is always a complex matter. You must do your homework well before jumping on something. When applying for a home loan, the first thing that bothers applicants is whether they opt for a fixed or variable rate. Let’s see which option …

WHAT IS CREDIT CASH WITHDRAWAL

Credit cards have revolutionized people’s opinions about loans or other lines of credit in India. Of the many features that are available on a credit card, the prepaid feature provides cardholders with instant cash. Unlike other loans, the prepaid credit card feature does not require additional bank approval or other documents. It is immediately available …

Home Loan Balance Transfer-[A]

Mortgage loan transfer helps you lower your EMI by transferring your current loan from other financial institutions to an institution that offers a lower interest rate. Transferring or refinancing the mortgage loan or directly transferring the credit is the process by which you can benefit from the lower interest rate of the other lender. If …

HOW TO GET OUT OF DEBT TRAP

A debt trap is a financial situation in which you cannot make EMI or credit card payments on time, resulting in an increase in outstanding debt. Other than that, you will be classified as indebted if you run out of money for additional savings and investment purposes. You can get into this situation if you …

Occasions when personal loan can come for your rescue

Life gives us opportunities to plan and invest our hard-earned money to ensure our financial security and make our dreams come true. But there were no times when we just couldn’t move forward for various reasons, or even if we plan well, will inflation become a spoiler? Basically, the money invested to achieve a specific …

Business loan without collateral security-[A]

Most banks and NBFCs offer unsecured business loans where the borrower is not supposed to provide any collateral or guarantee. However, it becomes difficult for some borrowers because few financial institutions require collateral in the form of goods, commodities, stocks, machinery, or equipment for certain loans related to business operations. Borrowers prefer an unsecured business …

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