Bad Credit History v/s Personal Loans  

Credit History

Personal Loans Affect Your Credit Score Personal Loan is a kind of credit facility that is provided by banks, local credit unions and online lenders. The borrower is supposed to repay the money along with a fixed percentage of interest that is charged by the lender. Personal loan availability has offered a very flexible procedure for borrowing money. A lot of people face a financial crisis at different stages of life. Personal loans allow them to overcome their problem in a much easier and flexible manner. Although there are a…

5 Situations Where Your Two-Wheeler Insurance Policy is Helpful

advantages-of-bike insurance

Importance of Two Wheeler Insurance | Two-Wheeler Insurance Benefits A bike is the most preferred choice of vehicle in India. It allows you to zip through narrow lanes and is pocket-friendly with its unparalleled fuel efficiency. However, getting to a destination on your two-wheelers involves higher risks than any other mode of transportation. The damages incurred by a rider when a bike gets into an accident is much severe as it is an open, light-weight vehicle. So, it becomes necessary to get your two-wheeler insured to stay prepared for any…

Why You Might Consider Apply for a Personal Money 

Apply for Personal Loan

Top Reasons to Apply for a Personal Loan Cash financing can be sought out to alleviate financial difficulties, supplement in a mega- deal purchase, or just to make that acquisition you had wanted for so long. These loans are then repaid in monthly deposits over 2-6 years, depending on your credithistory. Online loans can be beneficial when taken and used for the right purposes then paid back at the right time. Otherwise,they can just continue to put a dent on your credit score, dig into your income even more by…

Need Personal Loan? Maintain Good CIBIL Score to Get Low Interest Loan

CIBIL score is one of the most important criteria in the approval of a personal loan application. It is a three-digit numeric summary of your credit rating, repayment history and credit report.  CIBIL score plays a very important role in getting you a low-interest rate loan. If you have a high credit score, the lender considers you reliable as a borrower. It enhances the chances of your loan approval.  But if you have a low credit score, the lending institution may not even consider your loan application. Hence, you need…

An Overview of CA Loan Interest Rates Available in India

CA Education Loan

Complete Guide On Getting a CA Loan Approximately 2.8 Lakh CAs provide tax consultancy services in India, wherein around 6.8 Crore taxpayers reside. Hence, chartered accountants are in high demand in the country, and owing to the difficult nature of the profession, the number of prospective candidates is just as limited. Most individuals having completed their CA article ship can start their own accounting firm. A CA loan can be easily obtained at attractive interest rates for this purpose, used to meet all funding requirements of a start-up business. Interest…

5 Effective Ways to Kill Your Credit Card Debt

According to recent reports presented in the Economic Times, the total credit card usage among Indian households in FY 2018-19 amounted to Rs. 85,300 Crore. With more individuals applying for credit cards, the household debt among Indians is on a gradual rise since the past few years. Thus, to avoid the liabilities that can arise from too much debt, individuals should adopt measures to get rid of their dues as early as possible. While regular credit card bill payment prevents the accumulation of debt, there might be instances where it…

What is a Utilization Ratio and Why Does it Matter?

Utilization Ratio

what’s your credit score? If you know this three-digit number, do you know why it is the way it is? While your score is a complex number that’s constantly changing, it is the product of many factors involved with your borrowing behaviour. One of them is your utilization ratio. Never heard of it? Keep scrolling to learn why your credit utilization ratio matters when it comes to your line of credit or credit card. What is a Utilization Ratio? This mouthful of a financial term is a relatively simple concept.…

Insightful Tips on Personal Loans

apply-for-personal-loan

Best Tips for Taking Out a Personal Loan “Personal loans are often portrayed as a financial olive branch to help individuals pay for large one-time expenses, often to satisfy their desire for instant gratification.” The well thought definition coined by Logan Allec, a certified accountant and owner of a successful personal finance website. Personal loans are unsecured loans that you can avail from a bank or, these days, even non-banking financial corporations (NBFCs). Unsecured loans do not require any collateral or security. Personal loans come with fixed interest rates for…

Why You Might Consider Taking Out a Cash Loan

personal loan purposes

Reasons to Apply for a Personal Loan Cash financing can be sought out to alleviate financial difficulties, supplement in a mega-deal purchase, or just to make that acquisition you had wanted for so long. These loans are then repaid in monthly deposits over 2-6 years, depending on your credit history. Online loan-scan be beneficial when taken and used for the right purposes then paid back at the right time. Otherwise, they can just continue to put a dent on your credit score, dig into your income even more by accumulating…

Get the Best Term Insurance Plan – Look for These Key Features

Online Term Insurance Plans

Choose Best Online Term Insurance Plans You consider yourself to be tech-savvy, are well educated and well connected which allows you to have access to up-to-date information. However, you end up not making the best decisions when it comes to your finances. You follow the “You live only once” principle and insurance do not appear in your list of priorities. You tend to spend your money on the latest gadgets, fine dining and expensive clothing while the need to get insurance goes in the background. It is not that you…