What happens to Loans if the borrower dies before Clearing the Dues?
Loans We take out loans to purchase a house, a car, and other items for the enjoyment of our family. But what if the borrower passes away? After the borrower’s passing, who will be liable for repaying such enormous loans? It is important to realize that not all loans are the same type in order […]
Loan for Plot Purchase
What is the Plot Loan? An innovative financial product called a plot loan is made to make it easier to buy a piece of land. It is frequently mistaken for being the same as a home loan and is also referred to as land loans. The distinction between a plot loan and a home loan […]
Should you take out a Personal Loan to Invest in the Stock Market?
A personal loan may now be easily obtained via banks, non-banking financial institutions (NBFIs), and peer-to-peer (P2P) lending platforms. Some investors take out personal loans to buy stocks and subscribe to initial public offerings (IPOs), hoping to make healthy returns and pay off the debt. Many investors are eager to join in this rise even […]
Payday Loan Debt Cycle and ways to avoid it
Payday loans are short-term, high-interest loans used to pay for your costs up until your next paycheck. By issuing loans with exorbitant interest rates, payday lenders are able to boost their earnings, but many consumers are unable to repay them. Due to this cycle of increasing borrowing each pay period and increasing costs to pay […]
CIBIL Report Problems and Solutions
In India, an organisation that provides credit reports is called CIBIL, or Credit Information Bureau Limited. When the records of a person’s payments for loans and credit cards are compiled, a CIBIL Credit Report—which is a chronicle of your credit history is created. A bank or other financial institution will review the CIBIL score after it […]
Do’s and Don’ts of Personal Loan
You may quickly obtain additional finances with a personal loan to support you in personal or professional crises. A personal loan is an unsecured, no-collateral loan that can assist you in obtaining funding for any unanticipated emergencies. You may depend on personal loans to support you in achieving your goals, whether they are for a […]
What Documents should you give a Lender?
Personal loans are a popular form of debt that may be used to finance purchases, improvements, events, or even emergency gasoline expenditures. Personal loans are advantageous since they are conveniently accessible online through personal loan apps. Lenders, with the assistance of technology, have made these debt instruments easily accessible, and with a turnaround time of […]
Term Loan Vs Overdraft Loan
Term Loan A term loan is a loan that can be paid back to the lender over a fixed period. The interest rate will be charged or fixed which depends on the market fluctuation basically. To process this term loan you need minimum documents and the entire process is hassle-free. Eligibility An excellent credit rating […]
Tips for Parents taking out Student Loans for their Children
The majority of Indian Parents place a high priority on their Children’s Education.Although it is important to provide children the greatest education possible, not all parents may be able to achieve this objective. This is due to the fact that the price of education has been steadily rising over time, with an astounding 10% inflation […]
Personal Loans for Couples as Co-Applicant
What do the terms “Co-Applicant” and “Co-Borrower” mean? The individual who applies for the loan with you is known as a co-applicant or co-borrower. This option may be seen on house loan applications if the husband and wife apply for a combined loan. The similar option is currently available for personal loans from several banks […]