Tag Archives: Personal Loan

In recent years, there has been a remarkable surge in personal loan app popularity in India. These apps offer a convenient and efficient way for people to access funds without the burdensome paperwork and lengthy waiting periods typically required by traditional lending institutions.  With these innovative apps, individuals can secure funds quickly and effortlessly, empowering them to meet their financial needs promptly. What is a personal loan? It is a type of unsecured loan that individuals can borrow from banks, credit unions, or online lenders to fulfill their personal financial needs.  Unlike loans that are taken for specific purposes, such as home loans or car loans, these loans can be used for a variety of reasons, including medical expenses, debt consolidation, home improvements, education expenses, wedding expenses, or any other personal financial requirement. What are the key features of personal loans? Flexible Loan Amount They provide borrowers with a specific loan amount upfront, which is to be repaid in fixed installments over a predetermined period. Flexibility in use Personal loan provide unmatched flexibility in facilitating you to do what you wish. Want to get married? Sure. Do you want to repair your home? Sure. There are almost limitless ways you can use a loan. Fixed Interest Rate These loan types generally have a fixed interest rate throughout the loan tenure. This allows borrowers to plan their repayment schedule and budget more effectively. Flexible Repayment Terms The repayment terms here typically range from a few months to several years, depending on the lender and the loan amount. How to get a personal loan? I began my journey by researching various online lenders in India to get personal loans. I read reviews, compared interest rates, and scrutinized the eligibility criteria. After careful consideration, I selected Stashfin! Here is a step-by-step guide on how to avail loan from the Stashfin app: Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC, and you are good to go for a Personal loan The convenience and efficiency of personal loan apply online lending save a lot of valuable time during a challenging situation. Conclusion In the current age, loan app have disrupted the lending industry, providing individuals with a convenient and efficient way to access funds when needed.  These apps have democratized lending, offering financial opportunities to a wider range of individuals. With continued advancements in technology and a focus on customer-centric services, personal loan apps are likely to continue changing the game of lending, driving financial inclusion and empowering individuals to achieve their financial goals.

Whether looking to fund your higher education, a foreign trip, your wedding, or any of your other goals, one thing which can help you out when everything else fails is a personal loan. A personal loan app helps by funding your dreams, as they allow you to make certain decisions that would not be possible otherwise without begging for money from your friends or family. It enables a person to be financially conscious and choose their future accordingly.  What is a personal loan? A personal loan is a way of borrowing money in a usually unsecured manner to fund certain things. Unlike specialized loans like a home loan to purchase or renovate a home or plot of land, personal loans don’t have an end-use clause and can be used for any number of reasons, from funding your child's education to planning a foreign vacation.  Due to its unsecured nature, this might have slightly higher interest rates and approval criteria depending on your credit score and credit history. A higher credit score and good credit history are required to establish you as a credible lender and offer lower interest rates.  Why should you avail of a personal loan? Although an online personal loan apply is an excellent option for many people, it is not for everyone. Still, it might benefit everyone with a planned investment coming in the future or an urgent need for cash they have yet to prepare for.  This encompasses everything from medical emergencies to paying off your debts to fund a foreign trip. A personal loan has nearly infinite value if you plan for it properly.  One thing to keep in mind when thinking about getting one is to plan your finances, assess your income and your liabilities/how much you spend, and ensure that the loan's EMI does not exceed 40% of your income. What are the best personal loan apps? The credit market in India is booming, with dozens of players entering this space, making it confusing to figure out which one to choose. However, this has also made it a lot better for most people, providing them unprecedented access to funds if they can repay it.    Here are top three personal loan application I have used: Stashfin Stashfin blew me away at how easy and convenient it was. I disregarded it initially when my friends recommended it, but I can definitively say it is India's best loan app after using it. It offers loans up to Rs 10 Lakhs at competitive interest rates. It is easy to get a personal loan apply within minutes, and get the money to use within hours.  MoneyTap MoneyTap is another app that I have used, and it offers loans worth up to Rs 5 Lakhs for low-interest rates based on the partner bank and your credit profile.  HDFC Bank HDFC offers a quick and convenient way of getting a loan up to Rs 40 Lakhs if you are their customer. They allow pre-approved loans with fast approval if you have an income of more than Rs 25,000 per month.  Conclusion Thus, personal loans can help people secure their dreams and achieve their goals when they might not have the means. It enables people not only to dream but also provides them with the choice to take on those challenges head-on and be able to achieve them.  These are some of the best loan apps I have used, which allow me to apply personal loan, and you can use them too to secure the funding to achieve your goals.

Be it any type of loan, EMIs (Equated Monthly Installments) are an integral part of it. Whenever a potential borrower plans to avail of a loan, they agree to repay the amount of the loan in monthly installments, which includes both principal and interest rates as well. These are important for borrowers as they provide a fixed schedule for repayment, making it relatively easy for them to plan their finances accordingly. Stashfin, the new loan app, offers this tool for the convenience of all potential borrowers.  What is a personal loan? A personal loan is a type of loan that individuals can borrow in order to meet their personal financial needs. These can be availed from a bank, credit union or an online lender, the most preferred option in the current digital era.  Unlike other types of loans, such as car or home loans that bounds the borrower to certain purchases only, a personal loan can be used for a variety of purposes. From renovating your home, planning a wedding/event, paying for medical expenses, or even going on a family vacation, you, as a borrower, are free to use these funds as you choose.  What is an EMI calculator? As the name implies, it is an online tool that helps borrowers estimate the EMI that they'll have to pay for a specific loan amount, rate of interest, and tenure of the loan.  To use this tool, you need to download our application on your internet-enabled smartphone or simply visit our website. Then, based on the inputs you receive from this tool, one can easily generate the EMI amount they'll have to pay.  What is the importance of the EMI Calculator in getting a Personal Loan? Planning An EMI calculator helps in planning finances in a very effective manner. By inputting factors such as the amount of loan, rate of interest, and tenure, you can easily determine the monthly installment you'll have to pay. This allows you to assess whether you really can afford the loan or not and helps in planning the budget accordingly.  Comparison When looking out for options, a loan calculator helps you compare the monthly installments for each loan option. By analyzing how much you'll have to pay every month, you can identify the most affordable option that suits your requirement. Affordability Analysis With an EMI calculator, you get to experiment. This helps you find a suitable combination that suits your financial capacity. It basically enables you to determine how much you can comfortably repay each month without straining your finances.  Interest Cost This tool also displays the interest amount over the total loan tenure. This information helps you assess the total interest paid throughout the loan, enabling you to evaluate carefully the overall cost of the loan.  Tenure Adjustment Using an EMI calculator, you can adjust the loan tenure to see the impact on the EMI. For example, shorter tenures result in higher monthly installments but lower interest costs, and on the other hand, longer tenures may lead to lower EMIs but higher interest costs.  Conclusion Calculator personal loan has become a mandatory step nowadays before availing of a personal loan. EMI is paid from your hard-earned money, and being a wise citizen, you should be well aware of your finances in much advance. Therefore, whenever you plan to avail of a personal loan, first use this calculator and then plan accordingly. 

The days when you actually had to travel to a nearby financial institution to avail of such a loan are way behind. Now, it’s just you and your internet-enabled smartphone. Stashfin, a personal loan app, ensures you don’t need to get out of your zone, and everything can be quickly sorted easily.  From consolidating debt, covering unexpected medical expenses, financing an event/wedding, making home renovations, to taking vacations, these types of loans can be used for any flexible purpose. What is a personal loan? As the term implies, it is a loan type that individuals can borrow from a financial institution to meet their personal financial needs. Unlike specific car or home loans that bound the borrower to use them for a particular purpose online, personal loans are generally unsecured, which means they don’t require collateral.  When you, as a potential borrower, apply for this loan, you receive a lump sum amount and agree to repay it over a fixed tenure in regular monthly installments. The repayment terms here include an interest rate, which is the cost you pay for borrowing the money, and may also involve fees or even additional charges.  Remember that the interest rate you qualify for depends on factors such as credit score, income, employment history, and the lender’s policies.  What are the key factors affecting your personal loan interest rate? Credit Score Your credit score is a significant factor that lenders consider when determining your rate of interest for the loan. The higher the score, the lower the interest rate. The lenders typically offer more favorable rates to borrowers with excellent credit score.  Income and Debt-to-Income Ratio The lender will assess your income level and the debt-to-income ratio (DTI) to gauge your ability to repay the loan. Therefore, a higher income and a lower DTI is a sign of low risk for the lender, which may lead to a lower interest rate.  Employment Another major factor is the borrower’s stable employment history and consistent income source. This positively impacts the interest rate simply by indicating a lower risk of default.  Loan amount and tenure The amount of the instant personal loan and repayment tenure can also influence the interest rate on your loan. Usually, the larger the loan amounts or longer repayment terms may attract a higher interest rate due to the increased risk for the lender.  Market State of the economy, inflation rates as well as the central bank’s monetary policies are part of the broader market conditions, and these can also impact the interest rates. So, borrowers may benefit from more favorable rates when interest rates are generally low.  Lender’s Policies Each lender has their own set of policies and risk assessment criteria, which can vary too. Different lenders may consider different factors and weight them differently when determining your interest rate. Don’t forget to compare offers from multiple lenders to find the most favorable terms for your circumstances.  How to avail a low interest personal loan online from Stashfin? Now, as a potential borrower, you can go through our website or even download our loan application which is available both for iOS as well as Android devices. We keep in mind to offer loans with the utmost convenience to the borrowers so they don’t face any hassle.  Download the app Sign up  Add details to check credit limit Complete KYC

If you are looking for instant funds, an online personal loan is one of the best facilities you can avail in the current times. With easy access to the internet, things have become more accessible and convenient. Therefore, we at Stashfin have only one motive in mind, to offer feasibility and convenience to all its customers as well as potential customers. Along with our official website, if you are looking for such a loan, you can also download our application from Play Store or App Store as per your device.  What is a personal loan? It is a type of loan that individuals can borrow from a financial institution to meet their personal financial needs. Unlike a car or home loan, where the borrower is bound to use the money for a specific purpose only, this type of loan is quite flexible and can be used for any purpose. This includes consolidating debt, paying for medical expenses, financing an event/wedding, or even taking a vacation.  These loans are typically unsecured in nature, which basically means that they are not backed by collateral like a car or house. Instead, lenders evaluate the borrower’s creditworthiness based on certain factors such as credit history, income, debt-to-income ratio and employment stability. As a result, the rate of interest and terms offered to an individual are often based on their creditworthiness, with borrowers having better credit usually receiving more favourable terms.  What are the 5 things you should not do to get personal loan? Miss or Delay Payments Avoid late payments or defaulting on your existing debts, such as bills, ongoing loans or credit cards. This is because lenders consider your payment history as an indicator of your ability to repay debt. Therefore, a consistent record of timely payments clearly demonstrates financial responsibility.  Apply for Multiple Loans Applying for many loan applications within a short span of time can definitely impact your credit score in a negative way. So, it is essential to first research lenders and compares every factor before applying.  Inaccurate information Providing wrong and inaccurate information about yourself can lead to severe consequences. Therefore, be truthful and accurate about every information when you apply personal loan. Details include income, employment status, financial obligations etc.  Max Out Credit Cards Running up high balances on your credit cards also increases your credit utilization ratio. This measures the amount of credit you use compared to your total available credit. Lenders prefer borrowers with a low credit utilization ratio, so make sure that you avoid maxing out your credit cards before applying for the loan.  Make Major Credit Changes Before applying for a loan, avoiding making significant credit changes, such as opening or closing credit accounts, is advisable. This is because it affects your credit score and raises certain concerns for lenders.  In order to avail loan from Stashfin, a personal loan app, you, as a potential borrower, just need to follow certain steps. Four simple steps, and you are more than good to go. Download the app  Sign up using your mobile number Add your details to check credit limit Complete KYC!

In order to cover unexpected expenses, long gone are the days when people actually used to ask their friends or relatives for a few bucks. Nowadays, one of the best schemes to avail quick cash is an instant personal loan online India. Moreover, it is as easy as ordering clothes/groceries/food from your smartphone. If the right platform is chosen, just a few taps and your application is approved in no time, crediting the money directly into your account.  What is a personal loan? As the name suggests, it is a type of loan that individuals can borrow from reliable financial institutions for various personal expenses. These expenses can be anything from home renovation, medical expenses, education costs, or even family vacations.  Unlike particular loans like auto or home loans, these loans are free to be used by the borrower for any personal purpose. So, when you take out a personal loan, you are basically borrowing a fixed amount, and the lender offers you the funds upfront within no time.  The repayment term can vary, ranging from a few months to several years, depending on the lender as well as the loan terms.  What are 5 personal loan benefits to know before applying? Flexible An Instant personal loan offers flexibility when it comes to terms of usage. Unlike specific-purpose loans, these loans can be used for a wide range of purposes, as mentioned above. Therefore, you have the complete freedom to use the funds as per your needs Instant Access  They have pretty quick approval process compared to other types of loans. In addition, many lenders offer online applications, and if you meet the eligibility criteria, you can receive the funds within a blink of an eye.  Fixed repayment schedule These usually come with a fixed repayment schedule, which means you’ll know the exact amount you need to pay each month and the loan duration. This ultimately allows the potential borrower to plan their finances accordingly.  Debt consolidation  One of the significant advantages you can avail from this loan is debt consolidation. So, if by any chance you have multiple high-interest debts, such as credit card dues or medical bills, you can use this loan to consolidate them into a single loan with a potentially lower rate of interest.  Lower rate of interest  Compared to other forms of borrowing, instant personal loan online offer lower interest rates. Also, if you have a stable income and a good credit score on record, you may be able to qualify for a lower interest rate.  How to avail a personal loan? When there is Stashfin, you need not worry. Our prime focus is to offer convenience and easiness to all customers and potential customers. Moreover, we offer the facility to avail the same from our website or easily download the application on your iOS or Android device.  Download the loan application from the Play Store/App Store Sign up using your mobile number Add your details to check your credit limit Complete KYC and you are good to go! The personal loan online instant approval is given in no time when you are on the right track and you can use funds as per your own choice. 

Many times, people require immediate financial help. Nowadays, instead of asking a friend or relative for extra funds sounds odd as; if you have an internet-enabled smartphone, you are possessed with a powerful tool. Availing personal loan online is the new thing.  Just a few taps on your smartphone, and you are good to go. Moreover, with no interest to be paid over, one cannot ignore this facility when in need of funds.  What is an online personal loan? As the term implies, it is a type of loan typically obtained via an online application process without needing the borrower to visit a physical bank or any financial institution.  This type of loan is generally unsecured in nature, meaning that they are not backed by any collateral such as a car or a home. They are used primarily for personal expenses such as medical expenses, home renovation, or debt consolidation.  The overall application process usually involves submitting personal information, such as income and credit score and may require the potential borrower to provide documentation to support the application form.  What are the 5 smart ways to make use of an online personal loan? Home Renovation This loan can be quite a good option for financing home improvement projects such as a kitchen remodel or bathroom renovation. By availing this loan, you can easily avoid tapping into your home equity or using high-interest credit cards and get the funds you need to complete your project.  Consolidate High-Interest Debt If you have multiple debts, and that too with high interest, you can easily use such small personal loans to consolidate them into one lower-interest loan. This’ll undoubtedly help you save money on interest and simplify your debt payments, making it easier to manage your finances. Medical Expense No doubt that medical bills can be expensive, and if you don’t have insurance or your insurance doesn’t cover a particular procedure or treatment, then you may need to find alternative financing options. However, personal loans help you cover the costs and allow you to focus on your overall health instead of unnecessarily worrying about how to pay for it.  Education Expense Whether you’re pursuing a degree or taking classes to learn a new skill, education comes with a price. Such a loan helps you pay for tuition, textbooks etc., without having to rely on high-interest credit cards or student loans with high rates of interest.  Opportunity for investment If you have an investment opportunity in front of you but don’t have funds to avail it, a personal loan can be a way to finance the opportunity. However, keep in mind to carefully consider the risks and potential returns before taking on debt for investment purposes. How to avail personal loans? At Stashfin, we ensure that availing such a facility is super easy and convenient. Now, you can easily avail the facility from our website or simply download the application on your device. Moreover, we offer the application for both iOS as well as Android.  Download the Loan app  Sign up using your mobile number Add your details to check your credit limit Complete KYC and you are good to go!

In order to gain access to instant funds during emergency times, personal loans online have emerged as one of the best options in the current times. Many people move towards a credit card when they need the same, but the complex policies and higher rates of interest have pushed them toward personal loans.  Moreover, availing such a loan nowadays is as easy as ordering food from your smartphone. First, however, it is essential to keep in mind that you are on the right track.  What is a personal loan? As the name implies, it is the money you borrow from a bank or other financial institution with a predetermined repayment period and consistent monthly payments. In addition, most of these loans are unsecured, so you won’t have to put down any collateral to borrow the money.  It is essential to understand that these loans have a fixed interest rate, meaning that the interest rate and monthly amount remain the same throughout the loan life. Borrowers typically receive the loan amount as a lump sum and then further repay it in fixed monthly installments over a set period of time.  Well, it is pertinent to mention here that the amount that can be borrowed and the rate of interest by the lender depends on various factors. This includes the credit score, debt-to-income ratio, and income of the potential borrower. Also, some lenders may charge fees for things like delayed payments, prepayments, or origination.  What are the advantages of availing personal loans online? Flexible Personal loans are often unsecured in nature. This means that you, as a potential borrower, don’t have to provide collateral such as a home or a vehicle. This makes it a pretty flexible option, as you can use it for any purpose.  Lower rate of interest These loans usually offer lower rates of interest than other type of loans or even credit cards. This basically means that one can easily save money on interest over the loan’s total tenure.  Fixed Payments With this loan, you’ll have to pay a fixed monthly amount over the loan’s life. This helps in planning the finances and planning the budget more effectively.  Convenient and Easy Many lenders out there offer online applications for personal loans, which makes it pretty convenient and easy to avail. You may be able to receive the funds within just a few days of applying.  Improves credit score If you tend to make your payments on time, the best personal loans online can help you improve your credit score. This can help you qualify for lower interest rates on future loans.  Consolidates Debt If you have multiple high-interest debts that are yet to be paid, you could easily use this loan to consolidate them into one lower-interest loan. This makes it easier to manage your debt and save money on interest.   How to avail a personal loan? We ensure that all our potential customers experience every step smoothly without interruption. Our first and foremost priority is to offer easy access to personal loans. Now, potential customers can easily avail this facility from our website or application.    Download the Loan application from the Play Store/App Store Sign up using your mobile number Add your details to check your credit limit Complete KYC and you are good to go!

One of the best ways to avail instant funds during emergencies is by going for a low-interest personal loan online. Instead of asking a friend or relative, availing an instant loan is a much better option. It is essential to understand that the demand for immediate financial resources can emerge at any point in life. This factor has undoubtedly led to an increase in the popularity of personal loans. In the current digital world, availing of such a loan is as easy as ordering food/groceries. The availability of financial applications has had a positive impact on our lives. The days of physically visiting any financial institution to apply for such a loan are long gone. Nowadays, you only need a smartphone with internet connectivity to apply for a loan. What is a Personal Loan? It is a loan type that individuals can apply for to borrow a fixed amount of money. Unlike other types of financial loans that are specifically designed for particular purposes, such as a home loan or a car loan, personal loans are unsecured. This means that they don’t require any collateral.  This type of loan can be used for a variety of purposes, such as paying off high-interest credit card debt, home renovation, or covering medical/unexpected expenses. The potential borrower receives the loan in a lump sum and then repays it over a set time period with interest, typically in monthly installments (EMI).  (Tip: Personal loan apply online saves a lot of time and energy.) What are the 4 ways to get the best personal loan interest rate? Check Credit Score Your credit score plays quite an essential role in determining the rate of interest you’ll receive on a personal loan. Borrowers with good or excellent credit score tend to receive lower rate of interest. So, before applying for the same, checking your credit report is always a good idea.  Choose shorter term Generally, a shorter loan term comes with lower interest rates. However, if you can afford to make higher monthly payments, go for a shorter term, as it helps you save a lot of money on interest charges over the life of the loan.  Improve your debt-to-income ratio Before you apply for personal loan, keep in mind that the lenders will consider your debt-to-income ratio, which is the amount of debt you have compared to your income. If you have a high ratio, it may be tough to get a good rate of interest.  Compare various lenders Different lenders offer different interest rates. Therefore, it is very important to shop around and compare offers from multiple lenders. You can easily use the internet for the same and go on the web to compare. Remember to look at the Annual Percentage Rate (APR), which includes not just the interest rate but also any charges and fees associated with the personal loan.  Conclusion One of the lowest interest rate for personal loan is offered by Stashfin. With just a few taps on our application or website, a potential borrower can easily avail of a personal loan within the blink of an eye.