Everything you should know in the world of Finance

The Permanent Account Number (PAN) is a 10-digit alphanumeric identification issued by the Income Tax Department and is an important document for all financial transactions by the PAN holder. Banks and financial institutions mandatorily ask for PAN card details when you apply for loans or credit cards, make high-value transactions, open a demat account, etc.

Obtaining a personal loan without proof of income may feel challenging, but it is achievable with the right knowledge. You might not have standard payslips if you’re a freelancer, an entrepreneur, or simply have an inconsistent income.

Imagine running low on funds just before a big payment is due. Unexpected expenses have drained your account, and payday is still days away. You need immediate access to extra money without the hassle of a loan application. This is exactly where a personal loan overdraft facility comes to the rescue, offering a quick and flexible solution. In this article, we’ll explore what a personal overdraft facility is and how it can help manage your finances in such situations.

Personal loans are a popular way to get quick financial help, whether for a big purchase, unexpected expenses, or debt consolidation. However, one of the most common questions is, "How long does it take to get personal loan approval?" The answer to this question can depend on factors such as the type of loan, the financial institution, and the applicant's profile. This article will explore the personal loan approval time and what affects these timelines

Personal loans can be an excellent financing option when you need funds for major expenses or emergencies. However, you may often come across common personal loan myths and misconceptions surrounding these loans, leading many to form unfavourable opinions. By getting the facts straight on some prevalent personal loan myths to ignore, you can make an informed decision when applying for one.

Banks and financial institutions view your credit score as a financial report card, using the numbers to evaluate how reliably borrowers can manage debt. So, if your score falls short, securing favourable loan terms can be an uphill battle. Hence, understanding the importance of credit scores for personal loan applications is crucial, as it directly impacts your ability to access funds on good terms when required.

Being self-employed comes with many perks, like being your own boss, setting your own hours, and having the freedom to work on projects you enjoy. However, it also comes with some unique financial challenges. One of those is accessing credit when you need it.

Traditional lending companies often make it difficult for self-employed individuals to qualify for loans. This is because they view self-employed applicants as higher risk since their income tends to fluctuate.

Taking out a personal loan can seem daunting, but it can be a useful financial tool when done right. When applying for a personal loan, women may face specific challenges and need to consider additional factors to enhance their chances of approval. This guide will walk you through the key steps to take when applying for a personal loan for women to ensure you get the suitable interest rates and loan terms, thus, fuelling your ambition.

Reaching retirement age is a major milestone in one's life. After decades of hard work, retirees finally get to enjoy the fruits of their labour and have more time for leisure activities. However, retirement also brings financial responsibilities. With no active source of income, many senior citizens may find it difficult to make ends meet. Rising medical costs, home maintenance expenses, financial support for children/grandchildren, and other age-related expenses often lead to monetary requirements. 

When you need a personal loan of ₹2 lakhs or less, making the right choices becomes even more important. Taking the wrong loan can lead to getting stuck with high interest rates or stringent terms and conditions. The good news is that getting a quick and affordable personal loan of ₹2 lakhs is possible if you follow some smart tips.

This blog provides a comprehensive guide to help you get a hassle-free personal loan of up to ₹2 lakhs within a few days.