Personal Loans

A Guide to get a top-up loan

A top-up loan is a sum borrowed in addition to an existing loan. Put differently, top-up loans are a kind of financing option that borrowers can take advantage of from their existing lenders to cover their urgent demands. A prior relationship between a lender and a borrower is not permitted for these loans. On the…

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…

How 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…

Ways 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…

Factors Affecting Personal Loan Application

There are several factors that financiers consider carefully before approving a personal loan application. The applicant’s credit score plays a major role as it gives an idea of his repayment capacity and financial discipline. Applicants with a decent credit score have a much higher chance of loan approval. Stability of income is also assessed to…

Find out how long-term personal loans can reduce your financial stress

Long-term personal loans can significantly alleviate financial stress by offering borrowers a more manageable and structured way to handle their expenses. Unlike instant personal loans with short repayment periods, long-term personal loans extend the repayment timeline, resulting in lower monthly installments. This extended period allows borrowers to better budget their finances, reducing the immediate burden…