Neha Agarwal wants to take a personal loan to renovate her home. But she is worried that her low credit score will lead to her personal loan application getting rejected. Is Neha right to worry about her credit score? What can she do to overcome this hurdle? Continue reading to understand the impact of a poor … Read more
Personal Loans are among the most popular loans availed by people. A major reason for their popularity is that lenders do not limit or restrict the end-use of funds provided with such loans, as is the case with other loans. This means that they can be used for any purpose as the borrower thinks fit. The … Read more
Whether to go for a short or long-term personal loan depends on a lot of factors like your financial needs and situation. While the interest paid will be less on a short-term loan, the EMI will be lower on a long-term loan. Here are some facts to consider before you decide on a short-term or a long-term … Read more
Nowadays, personal loans are available online instantly by providing minimal documentation. The term without documents or paperless does not mean that the individual is not required to submit any documents. It only means that the individual will be submitting them in digital format or will be uploading them online. So, these loans are called pre-approved instant … Read more
Personal loans can help you finance most major purchases, from an engagement ring to home repairs, often at a lower interest rate than paying with a credit card. And if you’re stuck with a bunch of high-interest credit card debt, you can take out a personal loan to consolidate the balances and lower the overall APRs, thus removing the hassle of … Read more
WASHINGTON, Nov 6 (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell broadly in a sign of the impact higher interest rates are having on the economy, the Federal Reserve reported on Monday. The tightening of … Read more
WASHINGTON, Nov 6 (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell broadly in a sign of the impact higher interest rates are having on the economy, the Federal Reserve reported on Monday. The tightening of … Read more
WASHINGTON, Nov 6 (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell broadly in a sign of the impact higher interest rates are having on the economy, the Federal Reserve reported on Monday. The tightening of … Read more
What Is a Loan? The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest or finance charges to the principal value, which the borrower must repay in … Read more
Introduction Student loan debt in the United States has grown enormously in recent years and is now one of the largest forms of consumer borrowing in the country. Though the benefits of a college education outweigh the costs in most cases, many graduates are concerned about entering a weak job market and worry that lingering … Read more