Festive season is round the corner. Frankly, the diversity in India ensures that the festive season never ends. There is always one festival or the other going on all the time. This is one reason festive season deals almost never end on popular retailer websites. However, during the later part of the year, starting August, festivities actually… Continue Reading
You have a medical emergency in a family and need funds to settle a hospital bill. You have tried other options but those have not materialized. You are planning to take a personal loan. A friend tells you about the concept of medical loan. You are told that the interest rate on a medical loan will… Continue Reading
In an earlier post, we had reviewed a personal loan scheme from Bajaj Finserv. In this post, let’s pick a personal loan product from the State Bank of India, the largest bank in India. We will take a look at Xpress Credit Personal Loan Scheme from SBI. SBI Xpress Credit Personal Loan: Salient Features Available under… Continue Reading
Expecting a hefty annual performance bonus? It is the time of the year many of us start getting excited about the salary hikes and annual bonuses. Not everything is in your hands but the anticipation and excitement is palpable. There is much time spent in cabin gossip over a cup of coffee speculating over the… Continue Reading
When you take a loan, you take a responsibility to repay it too. And it may happen that you may struggle to repay the loan. The reason for non-repayment could be many, ranging from loss of job and improper financial planning to poor health, disability or even demise of the borrower. In extreme cases, you could end… Continue Reading
A few days ago, I watched an interesting TV commercial for a personal loan product from Bajaj Finserv. The product is Bajaj Finserv Flexi Loan. Let’s find out more about the product. How Does the Bajaj Finserv Flexi Loan Work? Think of it as a credit line. You can withdraw/borrow or repay as many times as… Continue Reading
When we talk about borrowing money, the first name that clicks as a lender is a bank or a NBFC. There can be multiple types of loans. You can go for a home loan, personal loan, gold loan, loan against property etc. However, in all these cases, the lender is a bank or a financial institution. If… Continue Reading
A few days back, one of my clients me told that his brother was going for higher education and that he (his brother) was unsure if he should take a personal loan or education loan to fund the education. Frankly, it was an apple and orange comparison. It is difficult to compare an education and… Continue Reading
Personal loans are easily available. Many banks even claim to provide instant personal loans. You get regular email alerts that you have a pre-approved loan. And if you are planning a very expensive vacation, don’t think twice because the personal loan is yours for the taking. The picture is rosy. Your ego is bloated. Cost… Continue Reading
Refinancing a loan simply means availing a loan from a new lender to pay off an existing one. You approach a new lender for loan refinancing/balance transfer. The new lender sanctions the loan and settles your loan outstanding with the existing lender. Subsequently, your obligation with the existing lender terminates and a new repayment obligation… Continue Reading