Know About Finance

You can get a variety of personal loan options through leading banks and NBFCs. Entities like HDFC Bank, ICICI Bank, and State Bank of India provide comprehensive services with fast processing times. Meanwhile, companies like Bajaj Finance offer flexible lending solutions and have more lenient eligibility criteria compared to banks. Let's look at the personal loans offered by these lenders in greater detail: HDFC Bank HDFC Bank is one of India's largest private-sector banks. It is known for its quick disbursement of funds and transparent processing. Here, you can borrow up to ₹40 Lakhs at interest rates starting from just 10.75% p.a. You can repay the loan over flexible tenures of up to 60 months. It requires simple documentation, which enhances convenience and ease of application. Thus, these loans have become a preferred choice for both salaried and self-employed individuals. ICICI Bank ICICI Bank offers personal loans that are easy to apply for online. You can get a loan of ...

In today's fast-paced world, managing personal finances efficiently is crucial. Several mobile apps are designed to help you manage, save, and grow your money. These enable you to track your budget and savings, analyse your investments, and buy new financial products when needed. You can thus fulfil all your financial needs on a single mobile app quite conveniently. Here’s a look at some personal finance apps available in India: 1. Credit Karma The Credit Karma App keeps you updated on your TransUnion CIBIL and Equifax Scores. Based on these, it also suggests financial products like credit cards and loans you can apply for. This can significantly streamline the application process and increase the chances of approval. The app also enables you to get insights and recommendations on how to improve your credit score. Unique Features: 'Personalised Approval Odds' provide estimates on your likelihood of approval for various products Free access to your credit scores and reports ...

In recent years, borrowing has evolved significantly with the advent of digital loans. It has made credit options more accessible and convenient. Digital loans are the modern solution to traditional lending, providing borrowers with the ability to secure funds online. You no longer need to visit a physical bank to get a loan. This guide covers everything you need to know about digital loans. What Are Digital Loans? Digital loans are financial products offered via online platforms or mobile apps by banks and NBFCs. Online platforms like Bajaj Markets enable you to compare and check various instant loan options. This empowers you to select the offer that best suits your requirements. Click here to know more. These credit solutions may range from small personal loans and payday advances to specific loans for auto purchases or home improvements. The entire process, from application and document submission to approval and fund disbursement, is conducted online. This makes the application p...

Instant personal loans provide a quick and convenient way to access funds during financial emergencies. It is important to understand their features, benefits, and potential pitfalls before applying for one. Here’s everything you need to know about instant personal loans. Definition and Features Instant personal loans are unsecured loans provided by banks and online lenders that can be approved and disbursed in a short period. The amount can be credited to your account within a couple of hours or even minutes. These loans usually do not require collateral, making them easily accessible. However, they are often accompanied by higher interest rates due to the increased risk for the lender. Some key features of these loans include: Quick Processing and Disbursement: Due to digital applications and automated approval processes, instant personal loans are processed much faster than traditional loans. No Collateral Required: Being unsecured loans, they do not require you to pledge any asse...

Fixed Deposits (FDs) are one of the most popular savings tools in India, offering guaranteed returns and capital safety. While long-term FDs are commonly chosen for their higher interest rates, short-term FDs also feature a range of benefits that make them a crucial part of your financial portfolio. What is a Short-term Fixed Deposit? A short-term fixed deposit is an investment where funds are locked in for up to a year. Despite the lesser tenor, these FDs provide attractive interest rates and are an excellent option for those seeking liquidity and flexibility. Advantages of Short-term Fixed Deposits Liquidity One of the primary benefits of short-term FDs is liquidity. Since the investment period is short, your funds are not tied up for an extended duration, making it easier to access your money when needed. This is particularly useful for managing short-term financial goals or unexpected expenses. Flexibility in Investment Tenor Short-term FDs offer a range of tenors, from as little ...

Fixed Deposits (FDs) have long been a popular investment option for individuals seeking stable returns with minimal risk. FDs come with a fixed interest rate and tenor, providing predictable returns. However, some issuers also offer flexi fixed deposits to cater to varying investor needs. Understanding flexi fixed deposit rates is crucial for making informed investment decisions.   What Are Flexi Fixed Deposits? Flexi fixed deposits, also known as flexi or sweep-in FDs, combine the benefits of an FD and a savings account. It combines the liquidity of a savings account with the high interest rates associated with FDs. When the balance in your savings account exceeds a certain threshold, the excess is transferred to an FD. How Do Flexi Fixed Deposit Rates Work? Flexi fixed deposit rates are generally higher than regular savings account rates. However, these rates vary based on several factors, including the tenor of the deposit and the issuer’s policies. The key advantage of a f...