Flat Interest Rate vs. Reducing Balance Rate
We’re discussing how banks and other financial organisations compute a loan’s interest rate. In a murky scenario like this, when no bank person would give you the exact interest rates and other details, it’s even more critical to know how to calculate this in advance. In basic terms, when you take out a loan for […]
Credit Builder Loan India
A credit builder loan is a specialized loan that is designed to cater to the need of anyone who is looking at improving their low credit score or build up a credit profile. A credit-builder loan is designed to help people who have little or no credit history build credit. A good score makes approval […]
What Is a Credit Builder Loan?
Quick check: Found a lender name on your CIBIL report that you don’t recognise? See what to do about an unknown lender on your CIBIL report, or look it up in our directory of RBI-registered lenders. For example, see our pages on Fincfriends and True Credits. Credit Builder Program A credit builder loan is a […]
Learn the Difference Between Flat Rate Interest Rate and Reducing Balance Interest Rate
When it comes to borrowing money, the type of interest rate you agree to can have a big impact on how much you end up paying in total. There are two main types of interest rates: flat rate and reducing balance. A flat rate interest rate is a constant interest rate applied to the original […]
Personal Loan without CIBIL
A Personal Loan is an unsecured loan given to a salaried person with a decent credit score. A credit score is thus an important determinant for any applicant for taking a loan. It defines your creditworthiness and helps us approve your loan application. However, your credit score is necessary for us to evaluate your value […]
How to get a Personal Loan without a Job?
Getting a loan without employment is also possible when you have a good credit history, or you are able to on-board a guarantor or co-applicant with a good credit score. The following are the List of Options for Personal Loan without a Job Quick check: Check who you are really borrowing from: our directory of RBI-registered […]
Loans for Engineering Graduate
A Personal Loan is different from an education loan. You can use the Personal Loan for a variety of purposes, including your own or the education of a family member. A Personal Loan without security is also a best option as it is less stressful to repay especially when pursuing your studies. A student loan […]
Loan Terminologies you must know
Using a loan to finance an expense whether it’s for an automobile purchase or home improvement project can be a smart decision. However, if you’re not familiar with certain loan terminologies, you might be at a disadvantage when it comes to evaluating a loan or comparing loans from multiple lenders. Quick check: Closing a loan […]
15 Interpersonal Skills for Fresher’s
Quick check: Check who you are really borrowing from: our directory of RBI-registered lenders lists each NBFC’s registration, loan apps and complaint contacts. Also see APR vs interest rate: what loan apps really cost. For example, see our pages on Airtel Money and Jai Finance (India). 1. Have a positive attitude One of the major components […]
7 ways Students can build Good Credit Score
A good Credit Score is a key factor for a lot of important things in life. It will come into play when you apply for a car loan, a mortgage and credit cards. However, a good credit score may also be a factor in ways that you haven’t thought of. One of the most exciting […]