Personal Loan

Credit Score

How Availing of a Personal Loan can Help Boost the Credit Score

In today’s money market, personal loans are the most preferable credit option. It is a type of “unsecured” loan which signifies that banks do not take any collateral from a borrower for security purposes. The eligibility for acquiring a personal loan depends upon the credit score of a consumer. A good credit score reflects that a borrower is financially responsible ...

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Applying for Personal Loans

Loan Apps: Applying for Personal Loans Simplified in 2020

A few years ago, applying for a personal loan was a cumbersome process. One had to visit the lender’s office, fill out an application form, submit physical copies of KYC documents, bank statement, sign the forms and wait for weeks to get loan approval. However, in today’s times of digital advancement, getting a personal loan has now simple; you don’t ...

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Personal Loan

Why Take Out a Personal Loan?

If you instantly think that taking out a personal loan is a bad idea, ask yourself what you would be using it for. Personal loans in Canada don’t have to be a bad thing; there are many good, legitimate reasons to take out a personal loan. Of course you would want to choose a credit limit, interest rate and payment ...

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Personal Loan

Lending 101: Can a Personal Loan Be Used for Business Purposes as Well?

The quick answer to this is YES, it can! For someone hoping to start a small business today, lots of hurdles could possibly limit the actualization of the dream. Chief among the likeliest detriments, apparently, is the lack of adequate funding to kick-start the business. See, almost all the mainstream financial institutions never bother to finance a startup. They will ...

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