How to foreclose a personal loan offline easily? A step-by-step guide
Borrowers aspiring to seek a foreclosure on their personal loan offline can now benefit by following simple steps. Foreclosure basically is the act of repaying the entire loan amount before the scheduled tenure ends. This helps borrowers reduce overall interest costs. While many lending institutions promote online closure due to the growth of digital technology, […]
Personal loan for freelancers: Eligibility, documents, interest rates, and how to apply
For a freelancer, the need for a personal loan can arise at any time, whether for professional or personal expenses. The professional expenses may involve investing in a course to upgrade skills, creating professional infrastructure, like setting up a workplace, buying professional equipment/tools, etc. The personal expenses may involve a medical emergency, home renovation, celebrating […]
How to spot and fix credit report errors that lower your credit score
Every small inaccuracy in your credit report can quietly bring down your credit score. Thus lowering your chances of securing a personal loan or credit card. Now it is a given that many borrowers regularly track their credit scores, relatively few review their credit reports in complete detail. Due to this they often miss hidden […]
How to foreclose a personal loan in 2025? A step-by-step guide for borrowers
In a move to boost financial literacy in the country among retail borrowers, several leading banks, Non Banking Financial Companies (NBFCs) along with other financial institutions are now moving towards improving the process of foreclosure of personal loans. All borrowers who aspire to close their personal loan accounts before the end of the originally decided […]
How to avail ₹5 lakh personal loan with your PAN card? A step-by-step guide
Permanent Account Number, or PAN, is an identification number that provides lenders with a complete image of the credit pattern. It helps monitor the monetary transactions of citizens and curbs all those transactions that happen outside of the legal framework. It is vital to link the PAN card number with all the bank accounts, which […]
Is your loan offer too good to be true? Here’s how to stay safe from scams
Two con artists were arrested in Gurgaon for scamming a private firm employee through a fraudulent loan offer. The victim saw a loan advertisement on a poster in Udyog Vihar, leading him to contact the scammers. They convinced him that he was eligible for a ₹30,000 loan, but after deducting fees, he would receive ₹28,000. […]
How to consolidate debt with a personal loan? 5 key tips to cut costs and simplify payments
Management of multiple debts can be both challenging and overwhelming. Even more so if you are dealing with high interest loans and credit cards. Personal loans for debt consolidation offer a practical resolution in such cases. To tackle all such conditions, personal loans for debt consolidation are a perfect option. They enable the consolidation of […]
How to Get an Urgent Loan of ₹10,000 in India
A sudden expense can arise any time, whether it’s a medical bill, urgent travel, or a last-minute payment. If you need ₹10,000 in a hurry, a small personal loan could be a quick and convenient option. Many banks and NBFCs in India offer these loans with minimal paperwork and fast approval. Since they don’t require […]
Pre-approved personal loans: What are these, their benefits, and how to get one?
You must have received various emails, App notifications, SMS and WhatsApp messages from your bank about pre-approved personal loan offers. You must have also received calls or seen banners related to these in your internet banking. Some of these pre-approved personal loan offers give a discount or waive the processing fee, while some are offered […]
Different types of credit scores: What they mean and how to read them
To navigate the world of credit cards and loans in India it is important to understand your credit score. It is a three digit number that represents your creditworthiness, thus influencing loan eligibility and interest rates. Still, with multiple credit bureaus and scoring models this can be confusing. Types of credit scores In India, several […]