Personal loans

How employer plays a role in personal loan eligibility

Employers play a significant role in determining an individual’s personal loan eligibility, and this connection is pivotal when it comes to securing an instant personal loan. Financiers often consider an applicant’s employment status, income stability, and employer reputation when evaluating their eligibility for a personal loan. When applying for a personal loan, one of the…

How to use a business loan to manage cash flow?

Cash flow management is crucial for every business, regardless of size. While receivables from customers tend to come in periodically, bills and expenses are due continuously. This mismatch often leads to cash crunch situations. A business loan could help bridge such short-term funding gaps and maintain steady operations. Financing slow-moving inventory If your business sells…

Why should you choose Chola for your personal loan?

It would be great if you can find a trusted lender who can offer competitive interest rates for your personal loan. Cholamandalam Investment and Finance Company Limited is a trusted financier offering financial solutions to customers for over 4 decades. In this article, we will discuss the key benefits of choosing Chola as your loan…

The benefits of using a personal loan for medical expenses

Unexpected medical bills can wreak havoc on personal finances if not planned for. Taking a personal loan for such expenses offers certain advantages over other options. Lower Interest Rates Most personal loans have lower interest rates than credit cards, which can save costs over time. Rates may be lower than payment plans offered by hospitals…

5 important points to note while you avail a business loan for your enterprise

A business loan satisfies your fund requirement to expand or build a business. However, before applying for a business loan, there are several points to consider and analyse to ensure that you choose the best plan that suits your loan requirement. In this article, let’s discuss the top five important points to note while you…

Debt Consolidation for Personal Loans: Important Points to Note

If you have multiple personal loans and credit cards with different lenders charging high interest rates, debt consolidation could be a good option to consider. Consolidating your debts allows you to take a new loan at a lower interest rate and use it to pay off all your existing high-interest loans. However, there are important…