What a personal loan can be used for?

Everyone has to borrow in his life at some point in time. An individual borrows for various reasons and on various occasions. For a big ticket item like house purchase one, generally,  does not have any other option but to take a home loan which is generally planned well in advance and requires you to […]

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Unsecured loans

Unsecured loans as the name suggests are given without any tangible security of any physical asset or intangible security like a personal guarantee of the third party.  Generally, unsecured loans are given to individual against their personal undertaking to service the loan taken. Let us discuss in detail various facets of unsecured loans. Who is […]

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Personal Loans by NBFCs

Non-Banking Finance Companies (NBFC) are an important part of the Indian financial system. They come under the direct supervisions of Reserve Bank of India (RBI. However, the Housing Finance Companies are regulated by National Housing Bank (NHB) a subsidiary of RBI. Personal loans by NBFCs constitute major portions of overall personal loans market in India. […]

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All you wanted to know about Personal Loans

What is a personal loan? All loans are generally given either against the security of tangible assets or against a personal guarantee of the third party. Unlike a home loan, cash credits, overdrafts, car loans or loan against property which are given against security of physical assets, personal loans are given without any security. The […]

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Travel Loan

Introduction More and more Indians are going for holidays in India as well as outside India. This is partly the impact of Hindi cinema and globalisation where the world has become a global village. This has also been added by satellite television where the images of exotic holiday destinations are beamed 24 hours. Travel loans […]

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Personal Loan for TCS Employee

It is relatively easier for salaried people to fund their temporary monetary needs through personal loans.  Since flow of income for salaried employees is assured, the lenders are more comfortable in lending to salaried people than to self employed specially who are not professionally qualified. Amongst the salaried people, persons working with top listed companies […]

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Do personal loans affect your credit score?

Due to the advent of credit information bureaus, the awareness about the importance of credit history and credit score has increased substantially in the past decade. Many people are not aware of what transactions and behaviours affect your credit score. Personal loan as a product has gained popularity amongst the salaried and self-employed equally due to […]

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RBI Guidelines

Reserve Bank of India (RBI) has come out with guidelines asking Indian Banks to keep adequate capital to meet wide areas of risks, including those that can damage their reputation, as apart of Basel II norms. The guidelines issued on Supervisory Review Process (SRP) ask banks to make provision for risks relating to credit concentration, […]

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