Credit cards EMIs are quite similar to other loan EMIs. You pay a portion of the principal loan amount along with interest each month and thus, clear off your dues over a period of time. Credit card issuers may allow…
Credit Card dues to EMIs
Things to know before Co-signing a loan
The following are the smart things to know before co-signing a loan:- 1. A co-signer takes responsibility for a loan, in case it defaults, without being a co-borrower. 2. A co-borrower is a co-owner, shares the loan proceeds, undertakes to pay the…
Facts to know about loans for professionals
The Following are the facts to know about Loans for Professionals: Banks/NBFCs both offer special loans for self-employed or salaried professionals like doctors, chartered accountants, architects and company secretaries, who fall under professionals. It is considered to be unsecured loan….
How can I avoid personal loan rejection?
The following are the reasons for rejection of your Personal Loan application:- Poor CIBIL Score. No repayment capacity. No proper documents. Does not fit bank policy. Bad credit history. Previous loan rejections. Insufficient Income. Holding too many loans. Poor track…
What are the eligibility and documents required for personal loans?
Personal Loans for Salaried class include people working in private or government enterprises – and does Salaried Doctors working in health institutions, CAs working in companies, employees of Public listed and Private limited companies , MNCs, SMEs and Government Sector…
Top 6 Mistakes to Avoid While Taking Personal Loans(5&6)
5. Loan without Purpose: Personal loan without purpose should be at the greatest extent. Usually the purpose of the loan is used by the lender to make decisions on the risk and may even impact the interest rate that is offered. 6. Not knowing…
Top 6 Mistakes to Avoid While Taking Personal Loans(4/6)
4. Applying with too many lenders: Loan inquiries are “hard” inquiries, meaning they’re the result of an application you’ve made. These are the type of inquiries that can hurt your credit score. Inquiries are 10% of your credit score and remain on…
Should I go for a loan on credit card or take a personal loan?
If you are considering a loan then opting for a Personal loan is advisable because Credit Card’s interest rates are huge when compared to Personal loans. Credit Card Interest rates are between 2.5 to 3 % per month which comes…
Top 6 Mistakes to Avoid While Taking Personal Loans(3/6)
3.Loan without Comparison: One should conduct enough research to explore all the loan options available before taking a final call on the loan application. A thoroughly scan and comparison of features such as interest rates, tenures, pre-closure and other terms and conditions…