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Loans FAQs

Explore various loan options with our detailed FAQs. Access clear, concise information to choose the most suitable financing solutions for your needs.

Your income is a fundamental aspect that lenders assess when you apply for a personal loan. It serves as a direct indicator of your ability to repay the borrowed amount.
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When considering a personal loan understanding the distinction between fixed and variable (floating) interest rates is crucial for effective financial planning.
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Choosing a personal loan that truly fits your financial situation requires a thoughtful as well as a methodical approach.
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Interest on a personal loan in India is usually worked out using the reducing balance method.
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Lenders may add prepayment penalties to personal loans as a way to make up for the interest they would miss out on if you repay your loan before the agreed end date.
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Personal loans has many benefits that make them a useful financial tool for many individuals:
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A secured personal loan is a type of loan where you offer something valuable like your property papers, gold, or even a fixed deposit as security to the lender.
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