Finance Forum India

At times, you need luck to give wings to your dreams. At other times, you just need to be creative and innovative. This is exactly what happened with Salman, an avid biking enthusiast. It was his dream to be a trainer licensed by the Federation of Motor Sports Clubs of India (FMSCI). But the course and the certification were expensive. This is where his creativity, and a personal loan, helped him earn the success he deserved. Taking a personal loan The personal loan Salman was eligible for, sadly, was not enough to fund his dreams. But he did not give up....

These days life is full of anxieties causing physical and mental stress. According to research, one person dies in a road accident every four minutes. Chronic diseases, such as respiratory disorders, cancer, and heart ailments comprise 60% of annual deaths in the country. The increase in unhealthy, stressful, and sedentary lifestyle results in higher risks of chronic diseases. The well-being and financial security of your family may be one of your most important objectives. A well-thought out financial plan is crucial to safeguard you and your family in case of any unfortunate incident. If you haven’t already started planning your finances,...

The search engine giant Google extended its reach in the high-end smartphone market with the launch of its latest model Pixel last month. It is available in two sizes; one, Pixel with a 5-inch screen and the second, Pixel XL with a 5.5-inch screen.   Image Source: http://www.indiantribune.com Both the models of the Pixel come with a 12.3 MP high definition camera. The latest Android 7.1 Nougat version offers the users an amazing experience. These smartphones have a 4 GB Random Access Memory (RAM) with 32 GB and 128 GB memory. Additional features include the Google Assistant, Snapdragon 821, Daydream View...

Whether you want to de-stress from your hectic work schedule, create unforgettable memories, or enjoy some adventure, taking a family vacation is your best option. However, traveling requires enough time and money. You no longer have to worry about arranging outright cash. A personal loan to take your family vacation is the solution. The entire procedure is quick and simple. Furthermore, you do not need any guarantor or collateral to avail of this type of loan. Here are five features of a personal loan that most of the lenders provide. 1.   Flexible loan tenure from 12 months up to 60 months...

Rate cuts bring joy to borrowers. It is because any reduction in borrowing rates means lower EMIs and lower interest payment. And who would not want that? As there is general consensus that current demonetization drive will lead to reduction in borrowing rates, almost all existing as well as soon-to-be borrowers are happy. But for those who already have a personal loan, whether or not their loan rates are reduced will depend on the type of loan they have. Let us relook at the two types of loans that are popular in personal loan market: Fixed Rate Loans The interest rate...

If you are abreast with recent developments in financial field, you would have heard the words Credit Score, CIBIL Score, etc. Many people have a rough idea what it is but don’t know about it in detail. In this article, we try to throw some light on the concept of Credit Scores. Credit or CIBIL Score is a 3-digit summary of your credit history. The score based on your credit history and how you have handled your credit payments across all loan types over a given period of time. This is in no way concerned or dependent on information about your...

Whether you need money to fund your wedding or for your child’s higher education, a personal loan is an excellent choice. These types of loans are unsecured and do not require pledging your personal assets. You will be able to avail of a loan based on your current income and repayment capabilities. Moreover, the entire procedure to acquire a personal loan is quick and hassle-free. Most lenders offer personal loans at competitive interest rates. Furthermore, you may choose from flexible repayment options to suit your personal needs. The repayment is based on an Equated Monthly Installment (EMI), which is payable during...

Credit scores are one of the most important financial numbers that people should know about. But unfortunately, most people are unaware of credit scores and how it impacts lenders’ perception of their credit-worthiness. Here we try to remove any confusion people have about some of the popular myths: Myth 1: No Credit History? You will not get loans This is wrong. It’s possible that without a credit history, you might not get a very large loan. But it is still possible to get a small loan like personal loan etc. This in turn will start your credit history. Myth 2: I...

In last few decades, neither India nor any other country of the world has witnessed such a big step by its government to curb black money. The demonetization has frankly thrown life out of balance for a major part of the population that is now struggling to get its now-defunct currency exchanged for legal ones. Now a lot of commentaries are going on about the impact of demonetization on various parts of the economy. To be honest, it’s still very early to correctly assess everything. But few things are becoming clear. Like there will be a big cost that the economy...

Personal loans have been helpful for those who need quick access to funds without much paperwork. The reason for taking a loan may be for casual spending or for emergency purposes. The best part about personal loans is that they don’t put any restriction on use of the funds. But there are things that do get affected when you take a personal loan. And this is your credit score. For a good credit score, it is important to have a mix of both secured (home or auto loan) and unsecured (personal loan and credit card) loans. But when the percentage of...