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Source: Live Mint During a medical or any other emergency, an individual usually takes a personal loan from the first lender willing to give it. Due to the emergency, they can’t afford to spend time comparing which lender offers the lower interest rate and better terms. Once the emergency subsides, the existing personal loan (if…
Source: Live Mint Although personal loans that have been crafted specifically for women are the most essential tools for financial empowerment and independence these days in the ever-changing financial industry, they promise flexibility, convenience, and assistance across a spectrum of endeavours in life, including those that meet the specific financial needs and goals of women….
Source: Live Mint A credit score in India is far more than just a simple three digit figure. It serves as a window into an individual’s financial discipline and borrowing habits. It defines an individual’s creditworthiness. Recent reforms by the Reserve Bank of India (RBI) such as mandating credit bureaus to now update credit scores…
Source: Live Mint If you are planning to apply for a personal loan by downloading an app on your phone, you might not be already aware of the process and nuances which are too important to overlook. You might, for example, not know that your lender (lending app) is not a regulated entity just like…
Source: Live Mint Next may feel like a door slammed shut in your face with no hope of even an opening; but contemplate these things as redirections, not closure. Rejections are commonplace and are often put aside for another day. This is quite an insightful manual on how to comprehend, handle, and get past that…
Source: Live Mint As financial institutions focus on tightening credit norms amidst fluctuating interest rate regimes, clearly understanding credit scores and the significance of a strong credit profile has now become essential for individuals seeking personal loans, credit cards or other credit instruments. To put it simply, a credit score is a three digit number…
Source: Live Mint Reserve Bank of India (RBI) recently changed the gold loan rules, according to which the borrower will be required to submit the ownership proof at the time of raising funds against the jewels. The lenders should also ensure that the loan to value (LTV) ratio does not exceed 75 percent of value…
Source: Live Mint In India non salaried individuals including self employed professionals such as freelancers, small business owners, lawyers, doctors among others can all avail personal loans. Still, it is crucial to acknowledge the fact that the eligibility criteria and documentation requirements might differ from those of salaried applicants. Salaried vs. non salaried individuals Salaried…
Source: Live Mint Most Indian government employees are in a unique financial position when it comes to personal loans. Banks and other financial institutions are offering them specially designed loan products and with incredibly favourable terms because of their annual salary, employment and reliable sources of income. This article will outline the various benefits that…
Source: Live Mint As of June, 2025, several Indian banks are providing aspirational applicants with competitive interest rates on personal loans. The focus of these loans is to cater to a diverse range of borrowers. The Reserve Bank of India (RBI’s) rate cuts signal a clear shift to an accommodative stance, but personal loan rates…
