A personal loan is a sum of money that one borrows from a lending firm to fund their expenses, adjust their debts, or make investments. One can use a personal loan for a variety of purposes. A personal loan EMI
Ask these seven questions before considering a personal loan
Are you applying for a personal loan? The decision to consider a personal loan comes with discipline and dedication. Therefore, you must do your research well. Personal loans are one of the most readily available credit facilities today. Besides, personal
Use the Snowball Method to repay your debts
Popularized by finance expert Dave Ramsey, the debt snowball method is one of the effective ways to eliminate all debt and manage your finances better. This solution can be used to erase all types of credit, except mortgages. It is
How to check eligibility for a house loan?
A house loan is an unsecured, no-collateral loan used to meet immediate financial demands. Because it is a no-collateral loan rather than a secured loan, the risk to borrowers is higher. As a result, when an applicant requests a home
Ask these seven questions before considering a personal loan
Are you applying for a personal loan? The decision to consider a personal loan comes with discipline and dedication. Therefore, you must do your research well. Personal loans are one of the most readily available credit facilities today. Besides, personal
7 benefits of a good credit score
The credit score determines your financial health. For a borrower, it is a mark of creditworthiness. For a lending institution, it is a mark of credit risk. India’s average credit score in FY22 was 715. The score is not terrible,
Why is a home loan cheaper than a gold loan?
Home loans and gold loans have different purposes and repayment terms. While both are secured loans with collateral, a home loan has a longer tenure. However, home loan interest rates are usually cheaper than a gold loan. Does that mean
How to Use the Balance Transfer EMI Calculator
Took out a loan but worried about paying hefty interest? Found a lower-interest loan scheme with better terms after already availing of a loan? Despite making efforts to choose the best loan product, sometimes, a better scheme lands in the
Financial checklist for couples about to get married
Marriages are probably made in heaven, but financial compatibility is to be worked upon on Earth. Julie Murphy Casserly, the author of The Emotion Behind Money writes, “Finances have long been a trouble area in marriage and the current economic
How to choose an ideal credit card?
The sheer volume of credit cards makes you wonder: which are the best credit cards in India? A credit card is a handy financial tool to have at your disposal. You get access to credit, pay off debts, and there’s