EMI & Loan

Personal Loan vs Credit Cards!

Personal Loan vs Credit Cards!

Both credit cards and personal loans are examples of financial instruments that people might use to make purchases or control their spending. On the other hand, their structure, usage, and payback varied significantly. Personal Loan: Credit Cards: In conclusion, credit cards and personal loans have diverse uses as well as particular benefits and drawbacks. While …

Personal Loan vs Credit Cards! Read More »

Loan Modification

What is Loan Modification?

Through the process of a loan modification, homeowners can work with their lender to modify the terms of their current mortgage arrangement. People who are struggling financially or finding it difficult to make their monthly mortgage payments usually seek it out. The goal is to prevent foreclosure while giving the borrower more control over the …

What is Loan Modification? Read More »

Should I Purchase a Car using a Personal Loan

Should I Purchase a Car using a Personal Loan?

A personal loan can be used to buy a car, but there are advantages and disadvantages to consider. One of the many uses for unsecured loans, also referred to as personal loans, is purchasing a vehicle. Benefits of buying a car using a personal loan: 1. Adaptability: The loan amount and repayment terms for personal …

Should I Purchase a Car using a Personal Loan? Read More »

How to Use a Personal Loan?

How to Use a Personal Loan?

Effective personal loan use necessitates thoughtful preparation and prudent money management. To maximize the benefits of a personal loan, follow these essential steps: 1. Evaluate Your Needs: Start by figuring out why you require a personal loan. Having a specific goal in mind will help you make informed selections whether making large purchases, home improvements, …

How to Use a Personal Loan? Read More »

What is the Max Amount for Personal Loans in India

What is the Max Amount for Personal Loans in India?

In India, the maximum amount for personal loans can vary significantly based on the lender, the borrower’s financial profile, and other factors. Generally, personal loans in India can range from as low as ₹10,000 to as high as ₹50 lakhs or more. Here’s a breakdown of the factors that influence the maximum personal loan amount: …

What is the Max Amount for Personal Loans in India? Read More »

Is Repaying a Home Loan through Mutual Fund SIPs a Good Idea?

Is Repaying a Home Loan through Mutual Fund SIPs a Good Idea?

Repaying a home loan through mutual fund Systematic Investment Plans (SIPs) can be a strategy worth considering, but it comes with both potential advantages and risks. Advantages: 1. Diversification-Mutual funds offer diversification across various asset classes like equities, debt, and hybrid funds. This diversification can help manage risk better compared to investing in a single …

Is Repaying a Home Loan through Mutual Fund SIPs a Good Idea? Read More »

P2P Investment

P2P Investment – A Quick & Easy Guide!

P2P investment is a Non-Banking process to lend money to individuals with attractive interest returns. Many sites offer loans directly to farmers, small-businessmen, startups, etc. by linking them to potential investor’s only one click away. The sites often provide competitive interest rates which may go upto 36% (as per recent LendingTree.com data) giving extraordinary benefits …

P2P Investment – A Quick & Easy Guide! Read More »

Overcome Your Debt

How to Overcome Your Debt and Regain Finance Control?

Being in debt makes it challenging to manage finances sometimes. Fortunately, there are some essential tips that you can use to get out of debt. Individuals frequently get more involved in debts for not maintaining the correct measures of paying out debts. We will look at some of the most successful debt relief methods in …

How to Overcome Your Debt and Regain Finance Control? Read More »

What is BNPL

What is BNPL (Buy Now, Pay Later)?

One of the popular kinds of short-term financing is the BNPL (Buy Now, Pay Later) financing. It makes users eligible to repay the loan after having purchased an asset within a stipulated period of time. The payment usually comes with no interest. Also known as, Point of Sale (POS) finances or installments, it is equitably …

What is BNPL (Buy Now, Pay Later)? Read More »