SimplyCash
7 Factors that can influence the interest rate of your Personal loan
Mar 23, 20213 min read
Personal loan is an unsecured loan type available with a collateral-free feature. Hence, financial companies charge a higher rate of interest on personal loans to earn more profits in a shorter span of time. As personal loans do not demand any asset or property as a collateral so a fixed rate of interest is charged throughout the loan tenure.
SimplyCash
4 Long term loans for all credit types
Mar 11, 20213 min read
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.
SimplyCash
Which Personal Loan is better for you? - Long term or Short Term
Mar 11, 20213 min read
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.
SimplyCash
What is the Longest Tenure for Which You Can Get a Personal Loan
Mar 09, 20213 min read
Small cash loans are not enough to fulfill major financial purposes. That’s when long-term personal loans help to hold a prolonged financial need. Loans that range between 5 to 7 years are counted as personal
SimplyCash
How is Interest Calculated
Sep 29, 20203 min read
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.
