50000 Personal Loan without Cibil Score Securing a ₹50000 loan without CIBIL score can seem daunting in today’s credit-driven world. For a lot of people, a strong CIBIL score is a distant reality, which is why borrowing emergency funds from lenders (banks, NBFCs) is a challenging feat for them. This is where innovative financial solutions […]

What are the Differences Between Commercial CIBIL & Consumer CIBIL Credit information plays a crucial role in financial decision-making, and this is where commercial CIBIL and consumer CIBIL come into the picture. While both serve the fundamental purpose of tracking credit histories, they cater to distinct segments of the financial market.  Consumer CIBIL, primarily focused […]

Payday Loan vs Personal Loan – What is the Difference Payday loans and personal loans are two common forms of credit that cater to different needs and financial situations. The difference between payday loans and personal loans is significant, impacting both the borrower’s repayment strategy and financial health.  Payday loans, often seen as a quick […]

What is STD, LSS & DPD in CIBIL And Their Differences? A credit report has multiple components using which the overall credit score of an individual is determined. If you know these components in detail, managing your finances while maintaining a higher credit rating can become a smooth process.  Among these components, STD, LSS, and […]

What is MCLR Rate? What is the Impact of MCLR Hike on Personal Loan Rates MCLR, which stands for Marginal Cost of Funds based Lending Rate, is a benchmark rate set by banks to determine the interest rates on loans. This rate reflects the cost incurred by banks to fund their loan products and is […]

Top Reasons for Personal Loan Rejection & How to Recover? Have you ever been puzzled after your personal loan application rejected? You’re not alone. Many of us have been there, trying to figure out the personal loan rejection reasons. It’s a common hurdle in the journey of managing personal finances. Whether it’s due to credit […]

What is Simple Interest Rate? Meaning, Formula & How to Calculate A simple interest rate is a straightforward method of calculating the interest charge on a loan or investment. Understanding the concept of a simple interest rate is crucial if you are dealing with loans and investments. Simple interest operates on a straightforward principle: interest […]

Part Payment Vs Prepayment Vs Pre-Closure: When Is It A Good Option? Have you ever found yourself wondering whether to make a part payment on your loan, go for a full prepayment, or even consider a pre-closure? Understanding the essentials of personal loan pre-closure, part repayment and prepayment is important because it will help you decide […]

Fixed vs. Floating Interest Rate on Personal loan – Which is Better? When considering a personal loan, one of the critical decisions is choosing between a fixed interest rate and a floating interest rate. Understanding fixed vs floating interest rate is crucial for borrowers to make an informed borrowing decision. A fixed interest rate remains […]