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What is an unsecured loan?

An unsecured loan is a loan that is not backed by collateral or security. These loans are based solely upon the borrower’s credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower’s income. An unsecured loan carries less [...]

One of the positive aspects of a housing loan is it offers several income tax benefits to the person taking a home loan. These benefits cover the housing loan interest as well as capital component of the home loan repaid through equated monthly instalments ( Home loan EMIs) over the tenure. But many a time it [...]

Getting a housing loan nowadays is not an easy task as was witnessed for the last several years. Earlier, various financial institutions and banks were queuing up to lend money on easy terms but now they lay out several conditions before they hand out any money. One of the issues that hits borrowers quite hard [...]

These are times with many choices. Here’s just one other choice that many of you might be pondering over — should you shift to a personal loan to pay off your credit card dues? Raghu has the same question.
Let’s understand Raghu’s situation in life. He has Rs 60,000 as outstanding on his credit card, on [...]

Borrowers always find it difficult to choose between a fixed rate loan and floating rate loan, and in recent years, they have to consider one more option — fixed floating rate loan.

In this loan type, the interest rate is fixed for an initial period, which later gets converted to a floating one.
Let’s check out how [...]