Ashavmedh Singh

You need money, and you have consumer loans and personal loans on the table - which do you go with? Many people get confused on the difference between the two, but they work quite differently from one another, impacting everything from your monthly payments to your choice of purchase.

Preparing your next loan application? Great! But what about your credit score? In India, the credit score plays a crucial role in loan approval, whether you want a small personal loan or a huge home loan. It is one of the many factors lenders evaluate before waving a green flag. 

Seeing ‘Settled’ on a credit report can be unsettling, particularly when you are planning a new loan. Start by checking what the lender has actually reported: the account, the amount, the date and the status. Those details decide your next move.

Getting into your dream college feels incredible until you see the total fee breakdown. Tuition takes up a big chunk, but accommodation, books, a laptop, and travel costs add up fast. Naturally, you might wonder: does education loan cover living expenses too?

There's no fixed minimum CIBIL score for a personal loan in India, whatever the ads might have you believe. Most lenders want to see 725 or above. But that's only part of the story, before anyone actually decides anything, they're reading your income, your job stability and the EMIs you're already paying.

You might have seen article headlines about the RBI "cutting" or "keeping" the repo rate, with such articles often describing loans becoming cheaper or more expensive. What does this mean in terms of your finances?

Akash decides to apply for his first loan or credit card. Everything goes smoothly until the lender asks him for his CIBIL score. He checked online, but instead of a score, he saw that no credit history was available.

Unexpected expenses can’t wait for bank paperwork to clear in weeks. Emergency loan apps in India allow you to apply, get evaluated, and receive funds quickly – often in hours. Medical expenses, urgent repairs, unanticipated trips. These applications do it all from your phone. Before downloading anything, compare loan amounts, interest rates, eligibility, and whether the lender is RBI-regulated.

Once your loan is approved, one small decision follows: how the EMI leaves your account each month. The Personal Loan eNACH vs UPI AutoPay choice looks minor, yet the two work quite differently.