Personal Loan Blogs

  A personal loan is an excellent option to meet financial exigencies like medical emergencies, travel expenses, home renovation expenses and so on. A personal loan is a kind of unsecured loan which means one doesn’t need to provide any collateral for securing this kind of loan. However, there are certain questions that people applying for a personal loan online usually  have in their mind. Here, we are discussing a few of them to help you get a personal loan easily. What is a personal loan disbursal amount? A loan disbursal amount is the final fund which is credited by the lender to a borrower’s account, once the loan procedure is successful. The maximum amount that is disbursed by most financial institutions is Rs. 25 lacs. How much loan amount you will get into your account depends on number of factors like you age, income, credit score, etc. How to get a personal loan instantly? Based on your credit score, you can get a personal loan. Just check the eligibility cr...

When it comes to a loan, everyone seems a little bit confused. You must be worrying about the different variables of interest charge. Calculating it might seem a hazy task to you. But there is no need to worry. You can seek the advantages of an  online loan calculator  that makes your task easier. With the interesting loan calculators, you can now calculate the personal loan interest amount in a very simple way.   How to calculate simple interest using a loan calculator  All of the loan calculators that you use provide instant results based on simple interest rate formula. The formula is I = P * r *T where I stands for interest the amount, P for the principal amount that you are taking as a loan amount, r stands for rate of interest on which the lender is providing you the loan and T stands for the tenure in years for which you are going to take the loan.   For example, if you are taking a personal loan of INR 1 Lakh for a tenure of 3 years on a flat ...

Credit card loan and personal loan, both are ways to acquire fund for purchase or meet emergencies instantly. An  instant personal loan  is an amount credited by the loan provider for a flexible period which is paid back in the form of EMI. A credit card loan is taken against a chip enabled card of a recognized bank where you can make a purchase defined under your credit limit.   A credit card loan comes with a credit limit and you cannot purchase beyond the limit. Which is better? That is completely your call, but you must take a look at the features and benefits each of them provides. Taking a decision after knowing the features will be easy for you.   Features of personal loan   End-use:  A Personal loan is flexible to use for anything starting from education to daily chores or any emergency. The fund is not restricted for just a single-use like the home loan or a business loan. Eligibility : A personal loan requires an eligibility check...