MCLR (Marginal Cost of Funds Based Lending Rate) was introduced by the Reserve Bank of India (RBI) on Apr 1, 2016, to help tackle problems that are related to the base rate regime. The main aim of MCLR is to help you (borrower) avail of various loans such as home loans, etc., at the RBI’s […]

To restore every individual’s confidence in the digital lending ecosystem, the Reserve Bank of India (RBI) has released a set of guidelines for digital lenders. Before discussing about the guidelines, let us look at the list of digital lenders diversified into three categories by the RBI:  Entities that are regulated by the RBI and are […]

A personal loan can be a quick credit help in an emergency or a cash crunch since no reasons to avail one. Almost every lender is now available online, and you can quickly access a personal loan anytime. While this can be an easily accessible credit help, it’s important to keep a watch on the […]

Personal loans are a saving grace that can help you whenever you are in immediate need of cash. These loans are unsecured in nature and require no collateral. It is even easier for a salaried professional to apply and get approved for the loan. Over the past few years, personal loans have gained huge popularity. […]

A personal loan or any loan for that matter is mostly taken when there is a need or an emergency, and having rejection on it could be irritating. Suppose you are having some urgent medical emergency or you have to make a payment for your child’s education, and you applied for a personal loan with […]

You have a loan running and paying it back on time but what if due to some reasons you are unable to pay off your loan? The reason could be any; illness, bankruptcy, loss of job, death or any other financial losses. Loan settlement comes into the picture now! But what is loan settlement? Well, […]

Struck in a financial crunch? Don’t worry, there are many ways to counter a financial solution. One such way is by utilising your savings. But using your savings may leave you unprepared for unexpected problems that may arise in the future. On the other hand, many people utilise their investments to save themselves from financial […]

Credit score plays the most important role when you are applying for a loan, as it determines your creditworthiness. A higher credit scorewill increase your chance of getting a loan approved under reasonable interest rates. And a low score can completely ruin your chances of getting a loan. Hence, a good score of 750 and […]

Life seems convenient when most things get digitised. One of them is the way we are availing an instant loan these days. They have grown in popularity as they are approved instantly with less paperwork and without collateral. It is also easy to apply because of the simple loan application that can be filled out […]