Here Is How a Personal Loan Can Brighten Your Festive Season
November 10, 2019 Leave a comment
Gone are the days when people had to go to moneylenders to borrow at high interest rates. And, the practice of going to a pawnbroker and using jewellery to get some funds is also slowly becoming a thing of the past. People don’t have to worry about unregulated lenders harassing them anymore. This is mainly because of the presence of a number of legitimate financial institutions in the market today. By choosing a lender like Bajaj Finserv Markets, you can be sure of low interest rates.
If any unexpected expenses arise, the best thing you could do is apply for a personal loan . It’s an unsecured loan that helps individuals fulfill their immediate monetary needs. The plus point is that there are no restrictions on the proceeds of the loan amount. So, you could use it for any purpose like paying off a debt, financing your wedding, taking care of medical expenses, starting a new business, constructing a house, going on a vacation, etc. In short, it’s your money and you can do whatever you want with it. Read more of this post
A credit score is a 3-digit number generated by credit information agencies such as CIBIL, CRIF ,Experian,Equifax etc ,based on which banks and NBFCs (Non Banking Financial Corporations, such as loan and insurance companies, co-operative banks, stock broking firms, etc.) evaluate a person’s creditworthiness ie their capacity and willingness to repay loans extended to them on time. Based on this assessment companies accept or reject loan applications.
Now the general idea is that a body takes a home loan to purchase a house and a personal loan to defray marriage related expenses ,to take that vacation in Europe etc…..
A personal line of credit is a type of loan that is extended to individuals from a bank or a lending institution. It allows the individual to maintain a maximum loan balance account with the lending institution, from which he/she can borrow amounts that are lower than or equal to the credit limit as and when the need arises. The borrowing limits, interest rates, minimum monthly payment, the tenure are all decided while establishing the line of credit . 
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