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Showing posts from April, 2021

4 Advantages of Financing a Used Vehicle Purchase with a Private Loan

Buying a vehicle is always a momentous occasion, especially if it’s your first vehicle. Owning a car is seen as a status symbol, something that sets you apart from the herd. It is also a sign of financial stability because if you can afford to purchase a vehicle, it means that you’re doing well reasonably well in life. In India, buying a car is a crucial decision because it not only affects you but your entire family. Vehicle purchases are usually made keeping their needs and comfort in mind. Plus, if you’re upgrading from a two-wheeler/public transportation buying a used vehicle is more sensible as you can save a lot of money. There are also many ways in which you can finance your used car, including private loans . Here are four advantages of using a private loan to finance your used vehicle purchase: 1.You Can Finance the Entire Purchase A private loan is a loan given to you from non-bank institutions. So, loans from your parents, friends, extended family and even angel investor

4 Things to Watch Out for When Taking an Instant Loan Online

 Today, a personal loan has become the go-to source of extra funds for anyone facing an emergency, especially the salaried class. Thanks to easy access and straightforward loan applications, many people seek out personal loans when they want funds quickly and easily. Apart from traditional banks, there are alternate lenders (like NBFCs and FinTech players) that you can approach for instant loan approvals. The loan application process will take only a few hours. If your application is approved, you will receive the funds directly in your bank account. Having listed all the benefits of a personal loan, you cannot avail of a loan blindly. Here are four things you need to check while taking an instant loan online : 1.The Purpose of Your Loan No matter how easy or convenient it may be to get an instant loan online, you always have to remember that it is a liability that carries interest. You must only take out a personal loan if and when you need it for essential purposes. If you're sho