Loans News
How you can get a loan against an insurance policy
Policyholders can get loans worth 80-90% of the policy’s surrender value.
2 min read21 Mar 2025How MSMEs can access loans up to ₹1 crore without collateral—A complete guide
Micro, small, and medium-sized enterprises (MSMEs) can now access loans up to ₹1 crore without collateral. The program aims to foster economic growth and innovation while allowing businesses to manage working capital and invest in infrastructure.
2 min read19 Mar 2025Americans See Growing Risk They’ll Get Turned Down for Loans
A growing share of US consumers say they’re not seeking loans because they expect to be refused amid tight credit conditions, according to data from the Federal Reserve Bank of New York.
1 min read18 Mar 2025Pre-EMI or Full EMI: A complete guide to choosing the best home loan option
Home loans offer Pre-EMI and Full EMI options. Pre-EMIs ease early financial pressure but lead to longer repayment periods and higher interest. Full EMIs cover principal and interest, reducing overall costs. The choice depends on individual financial circumstances and objectives.
5 min read13 Mar 2025What is a prepayment penalty on a personal loan and how does it affect you?
Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services.
3 min read13 Mar 2025Personal loans: What are the hidden costs that you should be aware of?
While personal loans serve many purposes, they carry hidden costs such as processing fees, foreclosure charges, late payment penalties, and insurance fees. Understanding these additional expenses is vital for borrowers to make informed decisions.
1 min read13 Mar 2025What is a mortgage loan and how does it work? Your complete guide
Mortgage loans are vital for homeownership, enabling extended repayment and manageable costs. Understanding the terms is crucial for responsible borrowing. Proper management can enhance credit scores, while defaults may harm financial reputation.
2 min read17 Mar 2025What is an overdraft loan? Features, types and how it works
Overdraft loans provide financial flexibility by allowing individuals and businesses to withdraw beyond their account balance, up to a preapproved limit. While useful for urgent cash flow needs, they come with interest and fees, necessitating careful consideration before use.
2 min read12 Mar 2025Personal loan hacks: How to slash your interest rate after you’ve borrowed—Key ways explained
Personal loans in India can meet financial needs but come with high interest rates. To lower these rates, focus on improving your credit score, negotiating with lenders, and exploring balance transfer options to other banks offering better terms.
2 min read12 Mar 2025Loan, SIP, or assets? The best way to fund higher education
The cost of education is rising—is your financial plan keeping up? Here’s how to smartly plan top-tier education without compromising financial security.
4 min read12 Mar 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared