Tanuj Lalchandani

Both personal loan and salary advance loan are helpful for money shortage. Yet their jobs are quite different.

Many people assume that filing an Income Tax Return (ITR) is mandatory to apply for a personal loan. While several lenders may request an ITR as part of their documentation process, some may offer a loan without ITR to eligible applicants by assessing alternative proof of income and repayment capacity.

A payment request pops up while you are busy. It looks routine, so you approve it. Moments later, the money is gone, and the sender has vanished.

A lower salary does not automatically rule out a personal loan. The real question is whether the monthly EMI will sit comfortably alongside your regular expenses and existing repayments. Before you apply, understand the lender’s criteria, choose an amount you can genuinely repay, and make sure your records tell a consistent story.

QR codes are everywhere today, from shop counters and café tables to fuel stations and even on utility bills. What began as a small digital convenience has become one of India’s most trusted ways to pay.

Imagine you’re taking out a personal loan for your dream wedding or an unexpected medical bill, and you’re bombarded by smallprint for pages and pages. What if there was a one-page easy to read summary document that told you everything that matters in plain language?

Nobody thinks about their CIBIL score until a loan application is in front of them. By that point, years of high credit card utilisation, a couple of missed EMIs, or just never having borrowed at all have already shaped the number sitting in the bureau's records.

One has to submit a comprehensive application with a wealth of details to apply for a personal loan. Lenders then review your details, verify documents, and assess your repayment capacity before approving the request.

A debt trap starts when loan repayments become difficult to manage with your regular monthly income. People often take another loan or use a credit card to pay existing dues, but the payments keep piling up rather than reducing. After a point, a large part of the salary goes toward EMIs, interest, and pending bills each month.