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Personal Loans

26-Jul

Don’t Run, Just Click: Avail Online Personal Loan – It’s Easier & Faster!

Don’t Run, Just Click: Avail Online Personal Loan – It’s Easier & Faster!

If you are planning to avail a loan for your sudden expenses or a vacation trip, it would be wise to consider online personal loan option. Online personal loan has many plus points like ease of convenience and availability, etc. However, there are more reasons to consider opting for online personal loan as compared applying to a bank. Let’s take…

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26-Jul

Need a Good Credit Score for Your Personal Loan? Know What Factors Affect Your Credit Score

Need a Good Credit Score for Your Personal Loan? Know What Factors Affect Your Credit Score

When you apply for a personal loan online or to a bank, credit score is the first thing that is checked by the lenders. Credit Score is score generated from your financial transaction records, your payment history, etc. These scores are given by different credit bureaus in India like CIBIL, CRISIL & Equifax to name a few. The scores range…

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26-Jul

Know About Credit Bureaus in India

Know About Credit Bureaus in India

Credit Bureaus are the credit rating agencies that assess your creditworthiness and your ability to pay your loans on time. These bureaus give credit score to individuals based on their financial track record, i.e. repayment history. These scores help lenders evaluate your eligibility for loans. Credit Bureaus have been playing an important role in the credit industry since early 2000.…

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26-Jul

Applying for a Personal Loan – Here’s a checklist of documents you would need.

Applying for a Personal Loan – Here’s a checklist of documents you would need.

Personal loans are unsecured. You don’t need to give any collateral to avail a personal loan online or from any bank. Hence, for the lender, the risk of borrowers defaulting on payment or absconding on loan is higher. That’s exactly the reason why lenders need your documents and information verified before they lend you the money. Whether you are applying…

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19-Mar

Get tax benefits on personal loan-MYFI tells you how

Get tax benefits on personal loan-MYFI tells you how

Personal loans have saved the day for many, serving a multitude of immediate and necessary financial requirements. Personal loans are not only hassle-free to obtain but when used wisely, can help reduce your income tax liabilities. Get complete mileage from your personal loan with MYFI’s ready tips to avail income tax benefits. What you should know Personal loans do not…

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