 "How to get a personal loan?")
Personal Loan
How to get a personal loan?
Personal loan is a short to medium term unsecured loan provided by lenders without demanding any collateral or security. The loan amount can be used to meet any of your immediate expenses such as renovating your home or other financial needs.
How to get a personal loan
Unlike other types of loans like home loan or gold loan, which require documents and have a tiring approval process, personal loans are often disbursed with minimum documents and the approval process is quick. The loan amount is processed and credited within a few hours provided the lender is convinced of your repayment capacity.
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Latest Updates on Personal Loan
Is pre-closing personal loans a smart move? Know benefits & drawbacks
You save on interest costs, particularly if you make early repayments in the loan cycle when interest forms a large portion of the EMI
 "Is pre-closing personal loans a smart move? Know benefits & drawbacks")
Kotak Bank acquires StanChart's Rs 3,330 crore personal loan portfolio
Open to buy loan pools that meet risk-adjusted return norms
 "Kotak Bank acquires StanChart's Rs 3,330 crore personal loan portfolio")
Fintechs capture 76% of personal loans as banks slowdown in H1 FY25
Banks experienced a 21 per cent drop in the volume of personal loans sanctioned, accompanied by a 30 per cent decline in loan value year-on-year, according to a new report
 "Fintechs capture 76% of personal loans as banks slowdown in H1 FY25")
Growth in fintech personal loan value moderates in first 2 quarters of FY25
On a year-on-year (YoY) basis, fintech personal loan sanction values grew 10 per cent to Rs 24,847 crore in Q2FY25, compared to Rs 22,439 crore in Q2FY24
 "Growth in fintech personal loan value moderates in first 2 quarters of FY25")
Personal loan EMI calculator is equal to smart borrowing decisions
The digital tool aids in budgeting, and provides flexibility by allowing users to experiment with different loan tenures
 "Personal loan EMI calculator is equal to smart borrowing decisions")
Job changes and their significant impact on personal loan approval
Switching jobs means not having required number of salary slips or bank statements to verify your income, which can delay the approval process
 "Job changes and their significant impact on personal loan approval")
What are the best Personal Loan options for you at this time of the year?
Check out Paisabazaar.com's selected personal loan options from various banks and NBFCs
 "What are the best Personal Loan options for you at this time of the year?")
Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC
This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years
 "Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC")
 "Unlock Financial Flexibility With Personal Loans for Corporate Employees")
Services, retail credit growth moderate in Aug on drop in credit to NBFCs
Credit to NBFCs grew by 11.9 per cent Y-o-Y in August 2024, sharply down from 21.3 per cent a year ago. Credit to trade declined to 15.5 per cent from 17.4 per cent in August 2023
 "Services, retail credit growth moderate in Aug on drop in credit to NBFCs")
PNB, HDFC Bank offer low personal loan rates: Should you opt for them?
Take a look at the current personal loan rates and charges from some well-known banks
 "PNB, HDFC Bank offer low personal loan rates: Should you opt for them?")
Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan
The transaction between the two firms, structured in the form of pass-through certificates (PTC), will be backed by a pool of unsecured personal loans. It will be originated and serviced by the NBFC
 "Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan")
Is marriage loan a smart financial move or a debt trap? Find out here
After the wedding, you'll be paying the EMIs and not the guests you aimed to impress with a grand celebration
 "Is marriage loan a smart financial move or a debt trap? Find out here")
Tata Capital expects healthy retail loan growth in FY25: Senior executive
Slower growth expected in FY25 but it would still be 'significantly higher' than the industry, says company
 "Tata Capital expects healthy retail loan growth in FY25: Senior executive")
Change your credit card billing cycle to manage cash flow: Here's how
Timely payment of credit card bills is crucial to avoid a negative impact on your credit score and to steer clear of significant late fees
 "Change your credit card billing cycle to manage cash flow: Here's how")
HDFC Bank, Tata, SBI, and others: Personal loans with lowest interest rates
Personal loans offer a versatile financial solution that can cater to your needs. Take a look at the most popular Personal Loan plans in India for 2024
 "HDFC Bank, Tata, SBI, and others: Personal loans with lowest interest rates")
Personal loan growth stays high in January despite hike in risk weights
The personal loan segment grew 21 per cent year-on-year (Y-o-Y) in January, compared to the 22.3 per cent Y-o-Y growth registered in October 2023
 "Personal loan growth stays high in January despite hike in risk weights")
A snapshot of personal loan rates offered by various banks with details
Here is how the personal loans rates offered by various banks stack up
 "A snapshot of personal loan rates offered by various banks with details")
A snapshot of personal loan rates offered by various banks with details
Here is how personal loan rates offered by various banks stack up
 "A snapshot of personal loan rates offered by various banks with details")
