Personal Loans are easy financial solutions for borrowers who need extra money to fulfil personal expenses. The loans are unrestricted for end use; therefore, they can be used for a variety of objectives such as holidays, medical bills, higher studies, wedding costs, etc. However, Personal Loans have eligibility criteria that borrowers need to meet. When…

There are many reasons why a loan application can be rejected, including low credit rating, low income, high debt, incomplete documents, and not meeting the lender’s eligibility conditions. This guide describes the most typical causes for loan rejection and why lenders reject applications. Reasons why your Personal Loan application can get rejected Low Credit Score…

A monthly salary of ₹20,000 may seem low, but it doesn’t necessarily mean you can’t acquire a Personal Loan. Today, banks and NBFCs look at a lot of things before accepting the loan. They check your income, repayment capacity, stability of work and credit history. If you meet the lender’s eligibility criteria and show responsible…

People often think of personal loans as a fast and easy way to take care of a sudden financial need. No collateral requirement, quick approval and flexible usage make them an easy option for many borrowers. Despite these benefits, there are still many who are wary due to misconceptions they have heard over time about…

Applying for a Personal Loan looks simple, yet applications do get denied. If yours was rejected, don’t worry. The first step to getting approved the next time is to understand why you were denied a personal loan. This guide will help you understand the most common reasons for a loan rejection, what a loan rejection…

In the context of the financial landscape, the importance of CIBIL cannot be overlooked. The Credit Information Bureau (India) Limited, or CIBIL, as it is widely known, has a major role to play in determining the financial options available to an individual as well as the risk assessment made by the lenders. At the core…

If you need liquidity fast, then a personal loan is the most enticing choice to consider. These loans are quite flexible, as you can use them for anything, i.e. the bank does not provide you with this loan for a certain purpose; you are free to spend it as you see appropriate. These are loans…