Can Becoming a Loan Guarantor Affect Your Credit Score?
Posted on Thursday, March 28th, 2024 |

A Loan Guarantor, as the name suggests, is an individual who guarantees that he or she will repay any unpaid portion of a loan if the person who is borrowing defaults on repayment. Why are Guarantors Required? Banks and Financial Institutions usually ask a person applying for loan to provide a guarantor when the applicant…
Read moreOptimising Tax Advantages: Proper Documentation of Personal Loan Utilisation
Posted on Thursday, February 29th, 2024 |

Personal loans are your saviour when you need a financial boost. They help you get instant funds to manage your cash needs without much hassle. The best part? No collateral is needed. Many turn to personal loans owing to their simple and quick nature. But there’s more to personal loans than just quick financial relief….
Read moreLearn All About Calculating EMI Using an Online Calculator
Posted on Thursday, February 29th, 2024 |

A personal loan is a type of unsecured loan offered to individuals from banks or financial institutions. Securing the lowest interest rate on a personal loan is a financial goal for many borrowers. When you take a personal loan, you typically agree to repay it in fixed monthly instalments, known as Equated Monthly Instalments EMIs….
Read moreUnderstanding the Loan Recovery Process: Steps and Strategies
Posted on Wednesday, February 28th, 2024 |

When borrowers fall behind on their loan payments, lenders initiate the loan recovery process to recoup the outstanding debt. Understanding how this process works is crucial for both borrowers and lenders alike. In this blog post, we’ll delve into the steps and strategies involved in the loan recovery process, shedding light on how borrowers can…
Read moreUnderstanding Personal Loan Rejections and How to Improve Your Chances of Personal Loan Approval
Posted on Tuesday, February 27th, 2024 |

Are you feeling the pinch of financial stress, longing for a personal loan to alleviate the pressure, yet haunted by the fear of rejection? It’s a scenario many can empathise with. But fear not; understanding why lenders may reject your application is the first step toward securing that much-needed financial assistance. So, let’s delve into…
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