5 Best Way To Improve Your Credit Score

  Most personal loans are unsecured with fixed payments. But there are other types of personal loans, including secured and variable-rate loans. The type of loan that works best for you depends on factors including your credit score and how much time you need to repay the loan. 1. Unsecured personal loans- This common type of personal loan isn't backed by collateral, such as your home or car, making them riskier for lenders, which may charge a slightly higher annual percentage rate or APR. The APR is your total cost of borrowing and includes the interest rate and any fees. 2. Secured personal loans - These loans are backed by collateral, which can be seized by the lender if you default on the loan. Examples of other secured loans include mortgages (secured by your house) and car loans (secured by your car title). Some banks, credit unions, and online lenders offer secured personal loans , where you can borrow against your car, personal savings, or another a...

  A lot of people think just like you can avail of a loan on your credit card, a loan on Aadhaar means that you can borrow money using your Aadhaar card. However, in reality, it is not yet possible to avail of a loan using just your Aadhaar card or UIDAI-issued identity card. Therefore, phrases like “Aadhaar card loan”, “loan on Aadhaar card” or “personal loan on Aadhaar card” are somewhat misleading. No such product exists as of yet, however, you can get a loan using your Aadhaar card provided you have submitted other supporting documents as required by your prospective lender. How Can Aadhaar Card Help you Get a Personal Loan? While the Aadhaar card is not a mandatory requirement to apply for a personal loan, it can act as a valid photo identity and address proof when you apply for a loan. Since Aadhaar stores the biometric data of individuals, it helps make the verification process simpler and faster. However, you can also use another photo identity/address proof documents Voter...

  Millions of Indians have lost their jobs in the wake of the coronavirus pandemic, and while living on  unemployment benefits  is stressful enough in its own right, it's even more problematic when unplanned expenses pop up, like your car breaking down or something going wrong with your home. If you're jobless and are facing a bill you can't put off, here are a few options for tackling it . 1.Tap your emergency fund- Unfortunately, not everyone has an emergency loan, or if you've been out of work for quite some time, you may have exhausted yours already. But if you do have some money in savings now's the time to use it. Though you may be inclined to hang onto that money for something else, there's no sense in borrowing when you have cash that's already yours.   2. Negotiate- You never know when the person or entity you suddenly owe money to might be willing to work with you due to your jobless status. If you're suddenly facing a surprise bill, try to n...