 "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
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")
Indian banks ask fintech partners to limit tiny personal loans: Report
Several smaller fintechs have tie-ups with banks and non-bank finance companies for small-ticket personal loans
 "Indian banks ask fintech partners to limit tiny personal loans: Report")
SBI sees minimal impact of tighter RBI's rules for personal loans
SBI's capital adequacy ratio stood at 14.28% as of September end
 "SBI sees minimal impact of tighter RBI's rules for personal loans")
New RBI norms to make personal loans costlier: Check rates of top lenders
A hike in risk weights may lead to higher interest rates and reduced access to credit for consumers as banks adjust lending practices to meet increased capital requirements
 "New RBI norms to make personal loans costlier: Check rates of top lenders")
RBI tightens norms on consumer loans, raises risk weight on credit exposure
Personal loan and Credit Cards loan may become costly
 "RBI tightens norms on consumer loans, raises risk weight on credit exposure")
Lenders prefer salaried individuals with steady income for personal loans
While more than 25% of salaried borrowers have an excellent credit score of 770 and above, only 14% of self-employed consumers have such strong credit score profiles
 "Lenders prefer salaried individuals with steady income for personal loans")
Table on personal loan rates and terms of various companies
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs.
Loan sanctions through NBFCs slip sharply to 5.7% in June quarter
Housing loans dip 26.6%; high interest plays spoilsport
 "Loan sanctions through NBFCs slip sharply to 5.7% in June quarter")
