From tax-saving tips, ways to manage your loan to personal finance — this is the ultimate finance blog for all your queries.
Before you search for loan companies who use Experian, make sure you understand what this score is and why it matters. Financial institutions rely on the Experian credit score to check if you are eligible for credit based on your past credit behaviour. Thus this score can impact the approval of your loan as well […]
Are you wondering if using BNPL impact your credit score? It’s pretty important to know, especially with all these point-of-sale (POS) instalment loans getting popular in India. BNPL or Buy Now Pay Later, is when you buy something with credit and then pay it off in chunks later, without any extra interest. In this sense, […]
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 […]
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 […]
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 […]
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 […]
Activating a loan is a process and one that has a direct impact on your monthly budget, as it means that you have a loan to repay. Knowing what it means is important given the increasing number of loan frauds. On the other hand, the active loan status is an entirely different facet of the […]
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 […]
Why do lenders need bank statements, you wonder? Well, these documents record your income and expenditure. So, lenders use them to check the stability of your earnings while ensuring that you have enough funds in your account to successfully repay the loan. This evaluation affects your chances of approval as well as the amount you […]
Knowing how to check your loan status using a PAN card is crucial to safeguarding your finances. This simple act helps track your active loans and monitor your profile for any suspicious activity. Today, you can access credit with just your PAN and this has some implications. For one, getting a loan is quicker. However, […]