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3 Ways You Can Use Small Personal Loans

  Small personal loans are unsecured, instant loans taken for urgent financial needs. Depending on the lender, you can get a small personal loan between Rs. 1,000 and Rs. 3 lakhs. The repayment terms and conditions are generally flexible for small personal loans and lenders don’t put a limit on what you can do with the loan money. You can get a low-interest small loan for a variety of reasons such as paying medical expenses, repaying debts, purchasing expensive items, and financing your vacation. In this blog, we discuss the three ways in which you can use small personal loans . Pay for home renovation or improvement One of the most popular uses of a small personal loan is for home remodeling or maintenance. You can use the loan amount for plumbing, electrical or for beautification work. Through small personal loans you can improve the functionality of your home for yourself and boost its resale value should you decide to sell it in future. Compared to home equity loans, unsecured smal
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All You Need to Know About Unsecured Business Loans

Business loans are sanctioned to existing business owners or budding entrepreneurs looking to start their own business. The business loan amount helps them get their idea off the ground. Existing business owners can use the funds to take care business expenses. The loan amount includes the principal amount which is paid with interest in monthly installments. How affordable/reliable is a business loan? Can you, as a business owner honour your installments on time? Other than loans from banks and NBFCs, you can get personal loans for business from FinTech lenders as well. In this article, we discuss business loans in detail. Business loans are broadly categorized into two types - secured business loans and unsecured business loans. What is an Unsecured Business Loan? The main difference between secured and unsecured business loans is that the latter requires the you to offer collateral while an unsecured loan does not require you to pledge any security. For a lender, secured business lo
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Tips to Get a Personal Loan with Low Credit

If you’ve ever borrowed a personal loan before, you’ll know exactly how important your credit score is for your personal loan’s approval. Your credit score is the gold standard against which all lenders across the country evaluate your loan approval. They use this to decide how risky it would be to sanction your loan. If you have a high credit score, you’d be a low-risk applicant for your lender. If your credit score is low, you’d most probably represent a high-risk proposition for your lender. Your credit score is a three-digit number that illustrates how financially responsible you are. It summarises how much credit you’ve availed of until now, your repayment behaviour, and your credit history. By now, you must be thinking that applicants with a low credit score cannot get a personal loan . But that’s not true. Here are four tips you can try to get a personal loan despite a low credit score: 1.Prove That You Have Good Repayment Capacity When it comes to getting a low credit personal
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4 Different Ways Women Can Utilize Personal Loans

 Personal loans for women are easily accessible online. They present a world of opportunities for those looking to invest and also provide the much-needed relief during emergencies. Personal loans are low-interest, quick loans that require minimal paperwork and can be accessed online or through an app. Only Indian women over the age of 21 with a monthly source of income can apply for these loans. While there are little to no restrictions on what you can do with the money, this article shares 4 different ways you can use personal loans for women. 1. Business According to recent statistics, more than 20% of MSMEs in India are run by women. MSMEs need liquid assets and online personal loans for ladies provide just that. Women can use the funds to expand their businesses, pay wages, and pay off debts using personal loans. Personal loans can be instrumental in helping women-run businesses grow and tackle uncertain times. 2. Postgraduate Courses According to an article published in Scroll.
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4 Things You Can Do with a Small Personal Loan

There will be many instances in life where you'll find yourself facing an unexpected cash shortage. No, I'm not only talking about common month-end cash crunches. You may need extra cash to take care of large purchases for your house. You may also face unexpected expenses, like replacing electronics, house repairs, or emergency travel plans back home. Whatever the reason may be, what matters is getting the amount you need at the correct time. You can't afford to wait when you're faced with a financial emergency. A small personal loan is just what you need. It’s an unsecured loan with quick approval and disbursal. Here are four situations where a small personal loan can help you. 1.Consolidating Debt Consolidating debt is one of the most common reasons why people apply for a small personal loan. If you're already paying off more than one personal loan, you'll hardly be able to save any money for emergencies. It can also get confusing to manage multiple loan EMI
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3 Red Flags of a Business Loan Scam

As a business owner, it's very important to ensure that your venture has adequate funds regularly so that you can meet daily expenses and not negatively impact your operations. If you ever run short of funds, a business loan will help you get the cash infusion you need, whenever, wherever. Numerous lenders across India will help you get an online business loan (also known as a personal loan for business) quickly and easily. All you need to do is ensure that you have a strong credit score and all the relevant documents handy (especially your business financials and IT returns). Most of you know what to look for and how to evaluate your business loan lender while doing your research. However, in this article, we'll tell you how to ascertain if a particular lender is legitimate or a fraud. Read on! 1.Asking for Money Upfront It doesn't matter if your lender tells you that your business loan will be sanctioned in just two minutes or that you're very close to receiving the
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5 Key Benefits of Applying For Personal Loans To Fund A Wedding

An average Indian wedding can easily cost anywhere between ₹30 to ₹50 lakhs, which is inarguably a huge expense to manage. As weddings are of prime importance, there is no point in compromising in any aspect of the celebrations. While you can plan and save money over the years for your wedding, there is no guarantee that you’ll be able to host one without any hindrances. This is where personal loans for marriages come in! Keep reading to know about five key benefits of applying for a personal loan to fund a wedding. Quick And Easy Personal loans for marriages can be availed of in a very short period, especially if you have your documents prepared beforehand. While the loan application and documents can be submitted online in just a few minutes, some lenders assure to verify, accept, and deposit the loan amount directly to your bank account in 24 to 48-hours.  Convenient When it comes to weddings, you need to have money at hand at all times, such as to pre-book vendors and the venue, a
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