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 […]

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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 […]

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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 […]

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Emergency cash needs come unannounced, and a personal loan can attend to them well. A personal loan is a cash aid extended by banks, NBFCs, and some private lenders that you can use for all your miscellaneous expenses. A personal loan can be both secured and unsecured, and it’s great if you get one without […]

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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. […]

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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 […]

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