Author: cholamandalam
Documents needed for a personal loan
When you’re applying for a personal loan, having the right documents on hand can make the process go much smoother. Whether you’re applying for a traditional bank loan or an online loan, you’ll need to provide certain documents to prove your identity, income, and other important information to the lender. Why should you choose personal…
Read MoreLatest RBI Guidelines For Home Loans In 2023
The Reserve Bank of India is the apex governing body that devises and updates the rules of financial institutions in our country. These updates are based on the country’s economic growth, inflation, supply & demand, etc. The Reserve Bank of India, in their latest update about Home Loans, made the borrower’s life easy. Repo Rate…
Read MoreHow is your personal loan eligibility calculated?
Your loan eligibility is determined based on your loan repayment capacity, which depends on your income and liabilities. If your liabilities are less or moderate, you are eligible to avail a high loan amount. Before we start with the loan eligibility calculation, let’s discuss some of the mandatory prerequisites to avail a loan. Loan eligibility…
Read MoreHow to remove Loan Inquiry from Cibil Credit Report?
If you need to approach a lender for a loan or credit card, your CIBIL credit report or any credit report, for that matter is crucial. This is particularly true for credit cards and unsecured loans like personal loans. Generally speaking, to qualify for a fast loan and a loan without collateral, you need to…
Read MoreWays to get instant personal loans
When an urgent financial need crops up, getting access to an instant personal loan will be helpful to reduce your financial burden. Traditional personal loans take 7-10 working days for approval and disbursal. There are certain ways for individuals to access personal loans instantly in case of an urgent financial need. Only few trusted apps…
Read MoreBanks vs NBFCs – Which is Better for Home Loans?
When you’re in the market for a home loan, most people research a lot about interest rates, repo rates, market scenarios, etc. After going through all these, you may find yourself scratching your head about whether to choose a bank or a NBFC as your potential lender. If you’re facing a similar dilemma, you’ve found…
Read More