Your Fixed Obligation to Income Ratio (FOIR) is one of the most critical factors lenders examine when you apply for a loan. It helps banks and financial institutes measure a potential borrower’s financial capacity by comparing monthly income to other…
Personal loans come in handy in a crisis when you are in dire need of money. With effective management of debts, you can easily manage your personal finances. One such method that helps in managing personal loans is foreclosure. This…
In today’s world, financial emergencies can arise anytime and anywhere. They can be medical expenses, educational expenses, a sudden business loss, or any other reason for a financial crunch. When this happens, people need a borrowing solution that offers fast…
Personal loans serve as a vital tool in financial planning for individuals in India, providing a versatile solution for managing expenses, consolidating debt, and funding investments. With competitive interest rates and flexible terms from banks like HDFC and SBI, borrowers…
Traditional loan applications involve a lot of paperwork, a tiresome verification process and a long waiting time. Getting a loan used to be a tedious task earlier, from many bank visits to submitting all documents physically. Then paperless personal loans…
GST, or Goods and Services Tax, is a unified tax system implemented in India in July 2017. It replaced multiple indirect taxes and impacted various industries, including the financial sector. In times of monetary crunch, a personal loan is a…
Education is the base of progress, and empowering the youth of India with quality higher education is crucial for the country’s growth. However, for many hard-working students, a lack of funds can pose a significant challenge in pursuing higher studies.…
Secured and unsecured loans are two primary types of borrowing options available to consumers and businesses. Secured loans require collateral, such as property or savings, reducing lender risk, while unsecured loans rely solely on the borrower’s creditworthiness. Understanding these differences…
A loan against an LIC policy provides a viable financial solution for policyholders seeking to access funds without liquidating their investments. This secured loan option allows individuals to borrow against the surrender value of their life insurance corporation (LIC) policy,…