Personal Loans

The rise in personal loan rates has an impact on borrowers. Personal loans are of great assistance in times of emergency or just when you need that extra financial cushion. A personal loan helps you achieve your goals without disturbing your usual financial planning too much.

In this article, we will discuss tips and tricks for a personal loan that you should follow in 2023. A personal loan is very helpful in times of need and it can be used for a variety of purposes.

CreditFit is a product launched by CreditMantri. You can enhance your credit score and get loans at best market interest rates using CreditFit. We have a team of experts who will give valuable tips for these. Let us now read on to find out more about how to get a loan and the role of CreditFit in getting a loan.

Financing your big purchases with a personal loan seems to be a good idea with the easy application process and benefits. Let us look at the key features of a personal loan.

Fixed Obligation to Income Ratio or FOIR is a parameter used by lenders to check how much of your income goes into paying fixed obligations. This is particularly useful for lenders when they are screening a loan application for approval. Let us deep dive into what FOIR means and its calculation for a personal loan.

Personal loans for salaried people are mainly dependent on their income and expense factors. Most banks mostly require a minimum monthly income of Rs. 20,000 to approve a personal loan for salaried people.

Wondering how to enhance your personal loan eligibility? There are simple ways in which you could achieve that. In this article, we will discuss how you can increase your chances to be eligible for a personal loan.

Insta personal loans are very easy to get. This is because you do not have to apply for the insta personal loan. Instead, you just have to accept the offer.

Personal loans come in very handy when you need instant cash. The loan application and approval process are quick and it is also dispersed within 3 days. Even though the prospect of a personal loan is exciting, there are still some basic eligibility parameters that are required to be met.

When you apply for a personal loan, the lender or the bank evaluates your loan application based on various factors. CIBIL ™ score is one of the most important aspects.

Loans are a great way to obtain cash to pay for anything, be it your wedding, vacation, medical emergencies, education, etc. But, loans have a great impact on your credit score. If you make timely payments on your loans, then it will have a positive impact on your credit score.

A mandate is a standing instruction given by a customer to the bank to allow a specific amount to be debited from your account automatically. Here, automatically refers to the fact that no recurring permission is needed to be obtained by the bank from the customer.

The best reason to choose a longer repayment term on your personal loan is to get the lowest possible EMI amount. This will save you on personal loan interest charges over the life of the loan, and give you a better chance at pre-closing the loan sooner.

HDFC bank has introduced a new niche for salaried employees and aims to help them with any emergencies that may crop up. Salaried employees will get attractive benefits from HDFC bank if they apply for a personal loan. The major benefit is the low-interest rates.

Although the validity of the Aadhaar card has been questioned by some people, the benefits of the Aadhaar card outweigh the doubts. Aadhaar card did reduce the number of fake accounts greatly, making it a secure way to verify the identity of a borrower.

A salary advance loan is a personal loan that is available to every salaried person in India. Allocating a part of your salary for emergency funds is crucial in financial planning. But, even after investing wisely, there may be situations where you need to borrow money.

SBI, the country’s largest lender, offers Pre-Approved Personal Loan to its users. You can avail this loan by applying through SBI YONO app.

Since personal loans can be availed of without submitting any collateral, The banks will impose certain charges. Personal loans are nowadays granted instantly without any tedious paperwork or documentation to be done by the applicant.

Users can now get up to Rs.50000 personal loan using their PAN card. Instant loan apps are offering loans in less than 15 minutes, and all you need is your PAN card details and a few basic personal details.

The consumer lending industry has seen significant changes in recent times due to technological advancements. Most people now find it easy to access financial products with the help of technology rather than using the conventional application process.

In today’s unexpected world, many expenses come in the form of surprises and an individual may or may not be prepared for the same. In such cases, instant personal loans are the best options to fall back on. These loans are personal loans and do not have restrictions on how the amount has to be utilized by the borrower.