Yes, you can prepay a personal loan, but lenders may charge a foreclosure fee for early repayment. Prepaying your loan helps save on interest and reduces debt burden, but understanding the terms is crucial. At Today Finserv Consulting India, we guide borrowers on smart prepayment strategies. Here’s everything you need to know. 1. When Can You
Applying for a personal loan requires submitting specific documents to verify your identity, income, and creditworthiness. Having all the necessary documents ready speeds up approval and improves your chances of getting the loan. At Today Finserv Consulting India, we guide you through the documentation process to ensure a smooth loan application. Here’s everything you need
Yes, self-employed individuals can get personal loans, but the process differs from salaried applicants. Lenders assess business stability, income proof, and credit history more rigorously for self-employed professionals. At Today Finserv Consulting India, we help self-employed borrowers navigate loan applications successfully. Here’s everything you need to know. Personal Loan Eligibility for Self-Employed Individuals 1.
When applying for a personal loan, lenders assess your income stability to ensure repayment capability. The minimum salary requirement varies across banks and NBFCs, but most lenders expect a monthly income of ₹15,000 to ₹25,000 for salaried individuals. At Today Finserv Consulting India, we help borrowers understand lender expectations and improve approval chances. Here’s a detailed breakdown. Minimum
Securing a personal loan without a job can be challenging, but it’s not impossible. Lenders typically prefer borrowers with a stable income source to ensure repayment. However, if you’re unemployed, you may still qualify by demonstrating alternative income or strong financial health. At Today Finserv Consulting India, we guide you through the loan
Struggling with high-interest personal loan EMIs? A balance transfer could be your financial lifeline. At Today Finserv Consulting India, we help borrowers reduce interest burdens through strategic loan transfers. Here’s everything you need to know. 1. What is a Personal Loan Balance Transfer? A balance transfer allows you to move your existing personal loan to
A low credit score can make borrowing challenging, but it doesn’t make it impossible. At Today Finserv Consulting India, we specialize in helping individuals with poor credit secure financing. Here’s everything you need to know about getting a personal loan with a bad credit score. 1. What is Considered a Bad
Need extra funds but don’t want to apply for a new loan? A top-up loan could be the perfect solution. If you already have an existing loan, a top-up allows you to borrow additional money at competitive rates without the hassle of a fresh application. In this guide, we’ll explain what a
Facing financial difficulties and struggling with loan repayments? Loan restructuring could be the solution you need. This process allows borrowers to modify the terms of their existing loans to make repayments more manageable. In this guide, we’ll explain how loan restructuring works, its benefits, and key considerations. What Is Loan
At Today Finserv Consulting India, we believe every Indian deserves to own their dream home. A home loan makes this possible by providing the financial support you need to purchase property without exhausting your life savings. Understanding Home Loans: The Basics What Exactly is a Home Loan? A home loan is
