Today, there are countless lenders and NBFCs available at your fingertips and finding the one that you can rely on can be the real challenge. While many lenders promise quick cash and instant approvals, the risk of hidden charges, unregulated practices, and complex terms can leave you feeling confused. Contrarily, loan apps that are working … Read more
Although 2025 gives hope for a drop in mortgage rates, this is still very uncertain. There are renewed fears that inflation could pick up, pushing rates higher in the new year. Especially as we welcome a new president who has promised to introduce inflationary policies, such as across-the-board tariffs. This affects not only potential homebuyers … Read more
MSMEs are important to the country’s economy as they drive innovation, create jobs and contribute to GDP. MSME loans provide funds for MSME expansion or for carrying out day-to-day operations. However, the cost of these loans depends on the interest rate, which influences the financial health of MSMEs and their ability to grow. MSME owners … Read more
Published on: August 5, 2024 Personal loans generally have a repayment term of between 12 and 60 months, or even longer in some cases. However, it may happen that the borrower decides to repay the loan before the end of this period. Commonly called foreclosure, this process involves settling a loan before its due date. … Read more
Published on: August 19, 2024 Are you considering getting a personal loan? Before applying, you need to check if you meet the minimum CIBIL score requirement. CIBIL score helps in determining your eligibility, interest rate and other conditions for a personal loan. Generally, a higher CIBIL score increases your chances of getting approved and getting … Read more
Micro, small and medium enterprises (MSMEs) contribute to the Indian economy by generating employment, fostering innovation and supporting local industries. Since these businesses are small and growing, one of their biggest challenges is accessing affordable credit. MSME loans are designed to provide the much-needed financial support to help these businesses grow, invest in technology or … Read more
When it comes to growing your business, whether it’s launching a new project, expanding your operations, or managing your daily expenses, getting the right financing is essential. One of the most common ways to do this is through a business loan. However, the actual cost of borrowing depends not only on the loan amount, but … Read more
As you explore available loan options, you’ll likely come across two common interest types: fixed interest rate and discounted interest rate. These terms may seem technical, but understanding the difference between them can help you choose a loan that truly fits your needs and financial situation. At first glance, the two types of interest may … Read more
The Impact of Credit Scores on Loan Approval: Credit scores are crucial in today’s intricate financial environment because they dictate a person’s eligibility for loans as well as the conditions of those loans. When determining a borrower’s creditworthiness for a personal, home, or vehicle loan, lenders largely depend on credit ratings. Comprehending the complex processes … Read more