Category Archives: Personal Loan

Joint Personal Loan: Important Things to Consider Before Opting

Getting a joint personal loan is a great option to avail of a sizeable loan amount if you’re unable to meet the lender’s criteria independently. With the fintech advancements, personal loans are more accessible than ever, but availing them can be a hassle if you don’t meet the lender’s criteria.  To overcome this, lenders allow …

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Know What’s a Credit Builder Loan & How to Build a Better Financial Future

A credit builder loan does not operate like a regular loan. As the name suggests, this specific type of loan caters to anyone who wants to improve their credit score. Whether you are new to credit or don’t have a good credit score, opting for this type of credit is beneficial.  Read on to learn more about this type of loan, …

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What is a Down Payment: Here is what you need to know

Down payment—it is a term that appears a lot when you’re about to buy a big-ticket item. It comes into play when you plan to become a homeowner or car owner and sometimes even when you buy home electronics on EMI. Knowing the meaning of the down payment in-depth and how financial companies calculate it …

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Complete Guide to the Meaning, Working & Types of Mortgage Loans

There are many types of mortgage loans available in India, which include: As you can tell, property ownership documentation is central to the approval process of such loans. Even the loan’s terms and the amount depend on the value of the mortgaged property. However, one size doesn’t fit all, and the processes vary of  different …

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What is Delinquency in Banking: Here’s all you need to know about it

Understanding key terms is crucial. These terms include default and delinquent. They are important in banking for all borrowers. This is because they help you understand what happens when you miss your EMI due date.  Paying your dues on time is a part of your loan contract. Thus, delinquency can have many negative consequences that …

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Everything You Need to Know About Open-End Credit and How It Works

Open-end credit offers you convenience and flexibility. Since it is a form of revolving credit, it helps you withdraw time and again. As long as you repay dues on time, you can access credit with ease.  What’s more, you can reduce your borrowing cost by paying interest only on what you use. In some cases, …

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Difference Between Loans and Bonds: Know it all and choose the best option

Understanding the difference between loans and bonds when in need of capital is crucial for any businessperson. While both of these options can secure funds to address planned or unforeseen financial needs, they have some major differences. Read on to learn about these financial instruments and how to choose the best option. An Overview of …

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