Personal Loans

Job loss can disrupt finances but a clear plan helps manage personal loan EMIs through budgeting, early lender communication, repayment restructuring, income rebuilding and credit protection during employment transitions.

New Year 2026: You can enhance your credit profile in the new year by adopting simple habits, such as tracking credit usage, diversifying your loans, and establishing healthy long-term credit practices to improve your score and increase financial opportunities.

Banks usually allow borrowers to cancel their personal loans, if required, during the cooling-off period with no or low charges.

On the borrower’s death, the bank asks the co-applicant or guarantor to pay, or recovers the personal loan amount from the deceased person’s estate.

A personal loan default can lead to legal action, but timely communication, repayment planning, restructuring options and understanding recovery rules can help borrowers reduce risk and protect credit health.

The EMI of a personal loan depends on loan amount, interest rate, tenure, credit score and fees, making careful planning essential to manage monthly cash flow and avoid excessive borrowing costs.

There are ways to expedite the approval of your personal loan. They include improving credit score, managing debt, ensuring stable income, choosing the right amount, and avoiding multiple applications. Here are six factors to consider to get a personal loan cleared quickly.

A loan application scam resulted in an automobile engineer losing ₹4.37 lakh, highlighting the risks of digital lending and outlining key precautions the borrowers should take to avoid fraud, harassment, and financial loss.

The minimum income requirement is an important eligibility criterion for a personal loan. The applicant’s income helps the bank assess the applicant’s repayment capacity and ability to make timely EMI payments.

Refinancing a personal loan can cut EMIs, lower interest costs and simplify repayments by securing better terms, helping borrowers improve cash flow and strengthen long-term financial stability.