FAQ

Sometimes we don’t have enough financial resources to meet our instant needs. That’s why we have to rely on a personal loan that can be given for various purposes such as marriage, education, medical emergency, etc. As it is an unsecured loan,...

A mobile app Yono is introduced by SBI for the customers to get their loan sanctioned quicker and faster. With no paperwork, you can apply for the loan using Yono whether it be a personal loan or a car loan. Just check your loan eligibility online,...

The One-time Settlement (OTS) tool is used by lenders to recover dues from individuals with a default payment history. The lender agrees for a one-time settlement amount which will be lower than the total amount due. As a borrower, you need to repay...

The renowned credit bureau i.e. CIBIL announces different credit scores for individuals ranging from 300 to 900 in India, based on their repayment behaviour. But there are some who do not have the credit history and are thus assigned -1 score. The...

Salaried individuals are often found searching for answers related to questions surrounding personal loan eligibility. While some get the right answers, many are left disappointed with unclear responses. If you belong to the latter set of people,...

Medical emergencies can be hard to deal with in the event of no savings and insurance plans. If you face such a situation, you can go for a pre-approved personal loan which gets disbursed to your bank account instantly. It’s a type of personal...

The question suggests you are already into business and want to expand it further with a personal loan. Taking your business to the next level requires a proper study of the market, competitors, your status quo such as the flow of income, besides...

The reason is simple - personal loans can be accessed without having to submit any collateral, leaving lenders with a greater degree of credit risk. This makes lenders charge a greater rate of interest on personal loans. But now, even personal loan...

A PAN card is one of the identity proofs that lenders seek to approve loan applications. Although there are substitutes to this identity proof in the form of Voter ID, passport, driving license and aadhaar card, lenders keep PAN card as mandatory...

Personal loan interest rates are offered on both fixed and floating rate basis. The interest rate will remain the same throughout the tenure on a fixed rate loan. Whereas, the interest rates will vary as per the market movement in a floating rate...