The past decade has witnessed India's digital payment system completely change the way we manage money. From sending rent to EMIs, all of it is just a tap away. Among them, Net Banking and UPI are the top priority options for Indians.
Although both options offer convenient, cashless transactions, they function in significantly different manners. It is a question of whether you would prefer instant speed (UPI) or absolute control and larger limits (Net Banking) while going for EMI repayment.
A personal loan isn’t just quick cash; it’s financial breathing space. It is one of the most flexible forms of credit available today. It’s unsecured and easy to get. No collateral, no long queues. Plus, with the rise of digital platforms, applying for a personal loan in India is as easy as ABC!
Most importantly, it is truly multipurpose and versatile. You can use the funds for any of your needs. The personal loan uses vary depending on your needs, whether it’s a hospital bill, a dream wedding, or home repairs. Let’s revisit a few common ones.
Loan companies provide finance to cover planned and unplanned expenses. They have become integral parts of people’s lives. Expensive things like home, car, and foreign trips have come within everyone's reach. However, when seeking a loan, you must be concerned about the monthly instalment you must pay. Since you must adjust it in your monthly budget for an extended period, calculating it accurately helps you plan the finances appropriately.
You wake up to a burst pipe in your home. By noon the next day, you’re quoted ₹2 lakh for repairs. Waiting days for funds isn’t an option. After all, you need the money yesterday!
That’s where the need for the fastest personal loan disbursal comes in.
Is a loan still getting reflected on your PAN card even after full repayment? Or you haven't applied for one, but it's still reflecting?
This doesn't mean that you still have to make the payment, but it affects your credit score and future loan applications. Lenders might reject your loan or charge higher interest rates.
To avoid this, you should regularly check your loan details on your PAN card. This helps you raise an issue in a timely manner and avoid fraud and errors.
Let's find out how you can check loan details on your PAN card and the steps to keep the details updated.
Quick Loan and Express Loan sound the same, right? Many people even use them interchangeably when talking about fast money solutions.
But the only thing identical between the two is that they offer swift access to funds. In reality, they differ in how fast they work, the loan amount, and the overall process. We break down what each term really means.
So, hang tight as we go from quick loan definition to differences between quick loan and express loan to when to choose what.
Ever thought about taking a loan but didn't act on it because you weren’t aware of its basics? You’re not alone.
A recent survey shows that 67% of Indians have taken a personal loan for their financial requirements. However, many people are still unaware of the factors affecting personal loan interest rates.
Getting a personal loan is easy today, but understanding why your interest rate is higher (or lower) than someone else’s isn’t always obvious. From your credit score and job type to the Reserve Bank’s repo rate, several factors quietly shape the rate you get.
Let's lay them out in simple terms, so you can borrow more intelligently and perhaps even save yourself a few thousand rupees in interest along the way.
Your Key Fact Statement (KFS) is a mandatory statement that gives you a clear, transparent summary of your loan’s T&Cs. Just like you review a contract before signing it, understanding your KFS empowers you to make informed borrowing decisions before you sign any loan agreements.