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Source: Live Mint With interest rates on loans continuing to fluctuate due to the ongoing geopolitical issues, fixed equated monthly instalment (EMI) personal loans have become a go-to option for many aspiring borrowers in the country. Provided by leading financial institutions such as HDFC Bank, ICICI Bank, IDFC First Bank, Kotak Mahindra Bank among others,…
Source: Live Mint Personal loans are an important source of funds for a variety of things, which can include medical care, travel, home improvements, or helping family members. However, qualifying for a loan is only part of the overall picture of borrowing, especially for older folks. It’s really about thoughtful choices, preparation, and perspective. Also…
Source: Live Mint You may find yourself without cash planning for travel, home renovations, medical bills, or schooling, and may contemplate a personal loan or line of credit. While personal loans and lines of credit are both financial instruments that allow you to access funds with some degree of liquidity, they do operate in very…
Source: Live Mint As financial needs and aspirations of borrowers evolve, borrowers in the country are increasingly turning towards personal loan top ups to bridge the gap of short term funding and ease things. With the most recent repo rate cut of 50 basis points, things have turned even more complicated for borrowers. Not only…
Source: Live Mint On 6th June 2025, the RBI cut the repo rate by 50 basis points and the Cash Reserve Ratio (CRR) by 100 basis points. It was RBI’s third repo rate cut in successive Monetary Policy Committee (MPC) meetings since February 2025. The interest rate cuts are expected to bring down interest rates…
Source: Live Mint As lending rates go southward in the wake of the RBI cutting the repo rate by 50 basis points, you can borrow personal loans so long as the purpose is strong enough. Following RBI’s rate cut, a number of banks cut their lending rates in no time. These include HDFC Bank and…
Source: Live Mint As the Indian financial landscape evolves the importance of a healthy credit profile and a high credit score for securing affordable personal loans have never been cleaner. It is crucial to acknowledge the fact that even marginal improvements in your credit score can result in substantial savings on interest payments, thus making…
Source: Live Mint Personal loans can serve as a financial tool when used carefully. Qualification requirements can sometimes be sorely daunting, especially where one’s credit profile is referenced in some areas as distant or bad. Improving the eligibility for a personal loan increases the chances of being approved and improves the chances of favourable interest…
Source: Live Mint When you apply for a loan, you are supposed to follow a long-drawn process that kicks off with background research and culminates into disbursal of money directly to your bank account. Everything else falls within this spectrum. Some applicants tend to get overwhelmed with the information available on public platforms. Meanwhile, one…
Source: Live Mint A rising number of borrowers in the country are opting for personal loans, amid high consumption demand and rapidly evolving liquidity conditions. Even according to the latest sectoral deployment of bank credit report of April 2025 by RBI, loans to the personal segment that includes credit card dues, housing, education along with…
