Loan Amount

Generally, personal loans are not taxable, since the loan amount is not considered as a part of your income when you’re filing income tax returns.This means you don’t’ need to pay any
 

When the financial need is large that’s when long-term loans are required. Long-term loans are considered to be ideal to procure a large loan amount whether to buy a property, expensive wedding, manage expenses for foreign education or pay for a major surgery. A long-term loan is usually measured with a repayment tenure longer than 3 years.

Personal loans are best known for their flexibility. Borrowers can take personal loans to support various financial needs. The loan tenure differentiates personal loans into two types – short and long-term personal loans. Loans with a higher amount are given a longer period to repay whereas short-term loans are cleared in a couple of years. Both types of personal loans have their own benefits for different borrowers.

An interest-only loan is a type of loan whereby the borrower has to pay only the interest portion for the first few years. Under an interest-free loan, the balance pertaining to the principal amount does not change over the interest-only loan period. After this period ends, the loan normally gets converted to a traditional mortgage.

A loan is an easy way outfor individuals in need of immediate financial help. Personal loans being the most preferred ones are generally availed to meet expenses relating to education

Interest rate is an amount a financial institution charges for the use of loan amount lent, deposited or borrowed. It is listed as the current liability and generally expressed as a percentage

A long-term loan is taken for a prolonged period to suit the borrower’s convenience and capability to repay the loan amount.  Long term loans are mainly preferred while taking a home loan,

Maximum loan amount with 25,000 salary depends upon the emergency situation and nature of work. The basic income for personal loan sanction starts from Rs 15,000 salary, so those earning 25,000 can easily apply for

When you think of acquiring a loan, what comes to your mind first is how easily and quickly can it be repaid. Equated monthly instalments (EMI) is basically the breakup of a loan amount that financial institutions expect borrowers to repay timely. EMIs are calculated on the basis of three variables

An instant personal loan is a multi-purpose loan acquired for various purposes. It is very useful in times of crisis or any kind of medical emergency. Maximum loan amount depends upon the emergency situation and nature of work. However, for quick loan sanction and disbursal borrowers can opt for

A person borrows a certain amount of finance in the form of loans to fulfill life goals or overcome an emergency. Personal loans are the most common type of loan acquired instantly nowadays with an online application via websites and loan apps.

When you borrow any loan, whether a car loan, home loan or personal loan, you are liable to pay both the principal loan amount plus the interest charged. Interest is a cost or a fee paid for borrowing a specific amount of money for a fixed tenure.

Personal loan indeed acts as a helping hand in times of crisis. Instant personal loans are easily available online and can be repaid with fixed EMIs in a stipulated period. Now, how do you calculate the EMI amount on a personal loan? The answer is no

With digital advancement in loan application process, EMI calculators have gained popularity nowadays for calculating accurate loan EMIs. Using an EMI calculator, you can easily derive the loan repayment amount and plan your monthly budget accordingly