Monthly Archives: April 2024

Your PAN card is linked to every loan and credit product you take in India, including personal loans, credit cards and BNPL services. Since lenders report all borrowing activity against your PAN, checking loans linked to it regularly can help you track your active credit accounts and spot any suspicious activity.  When we use lending, we see more …

Continue reading “How to Check Active Loans on Your PAN Card – Step-by-Step Guide”

Knowing how to manage multiple loan accounts is not rocket science. Instead, it is about being disciplined and organised, both skills that financially independent adults need to inculcate.  With easier and quicker access to credit, having multiple loans and credit cards is very common. But if you are unable to keep up with repayment, you …

Continue reading “4 Smart Tips to Manage Multiple Loan Accounts Effectively”

Have you ever checked your loan app and seen terms like ‘activation pending’ or ‘active loan’ and wondered what they really mean? This is one of the most common doubts borrowers have once their loan gets approved. Is your loan already running, or is it still waiting for some final step before disbursal?  The answer …

Continue reading “Activating a Loan vs Checking Active Loan Status: Key Differences”

Knowing when to take out a personal loan isn’t easy, but there are instances where these loans can help. For one, these loans are a great option for dealing with emergencies, as you get funds quickly.   You can also use the loan amount to streamline existing debt repayments, build your credit score, or save on …

Continue reading “6 Ways to Know When to Take Out a Personal Loan”

Do personal loans affect mortgage applications? This is a smart question and the simple answer is yes. Even though one is unsecured and the other is secured, any existing loan affects your second loan. Your existing personal loan can have a significant impact on everything from eligibility to interest rates. Read on to get an …

Continue reading “How Do Personal Loans Affect Mortgage Application?”

Before you plan on getting credit, you must ask the question, ‘Are personal loan rates going up or down?’. This is because interest rates significantly affect your overall borrowing cost. With an increase in the rates, your repayment amount will also go up and vice versa.  These interest rates depend on several factors, from your …

Continue reading ” Are Personal Loan Rates Going Up? Know everything about its impact”

Understanding the benefits, features and function of a personal loan vs a line of credit is crucial. Although these borrowing options sound quite similar to each other, they have some major differences. By knowing what they offer and how they differ, you can choose the best option to meet your needs. Read on to learn …

Continue reading “Personal Loan Vs Line of Credit: Key differences to know”