Here Is How a Personal Loan Can Brighten Your Festive Season


wealthymattersGone 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

How To Use A Short-Term Personal Loan To Improve Your Credit Score ?


personal loan to build credit scoreA 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.

The different credit score ranges and their grades are as follows –

credit score ranges Read more of this post

Taking A Personal Loan To Buy A Home


wealthymattersNow 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…..

Home loans are always secured loans. So the rate of interest generally tends to be much lower than almost any category of loan. And then of course for being such a good child ,the government gives you tax breaks too ! But there are cases where a personal loan is your best way forward to become a home-owner. Consider the following cases:

1.A place like Vasai-Virar might be one of the fastest growing regions in the MMR when it comes to lower priced homes that could also potentially make great capital investments. But start making enquiries and you will start finding out that a whole lot of properties are “Collector Passing” and that apart from the odd co-operative bank or the occasional patpedhi, no home loans to purchase such properties is possible from most lenders. Moreover, the interest rates of loans from these sources makes personal loans from major banks look attractive. Read more of this post

Online Personal Loan


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Personal loans have been around forever. And in most cases, a loan against collateral is preferable, as it works out cheaper over the long term. But, in cases where you just don’t have the assets to mark a lien upon or are not inclined to offer them as collateral or haven’t the time or complete freedom to mark a lien upon them or find it socially or business-wise unacceptable to be perceived to be in trouble by openly pledging your assets, a personal loan is an option, as long as you have a documented work history and access to a few pay slips. Personal loans often work out cheaper than credit card loans. Read more of this post

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