Anushree needed to make an urgent payment to a vendor. The vendor said, “You can send it via IMPS or UPI, whichever suits you.” Anushree paused. Until that moment, she thought IMPS and UPI were the same thing. Clearly not. Both help you transfer money instantly, but in very different ways.
Ravi opened a fixed-deposit savings account last week. His friend Priya added money to hers around the same time. Both put in ₹1,00,000, but with two different banks.
For any borrower, submitting a personal loan application marks the end of a process. But in reality, you’re merely passing on the baton to the lender. It’s the cue for a series of behind-the-scenes journeys. You have eligibility checks, KYC verification, loan approval workflows, and finally, disbursal. There’s a whole flurry of activity.
UPI has become the mainstay of all transactions in the country. So much so that a lot of people have even stopped carrying physical money with them. That said, as is the case with all technology, no matter how good, sometimes things go wrong, and UPI is no different.
Most people think about personal loans only when an expense appears that their savings cannot comfortably handle. In those moments, understanding how a personal loan works becomes essential.
This guide clearly explains the meaning, purpose, and benefits of personal loans, helping you decide when they are a practical choice. Read on!
Many borrowers feel stuck with high monthly instalments, long repayment schedules, or interest rates that no longer suit their financial goals. However, this situation is more common than the borrowers realise.
As Neha and Sameer explored home loan options, something stood out to them. Neha earns about ₹30,000 each month as a nurse in Kolkata, while Sameer earns ₹60,000 working in marketing in Ahmedabad
Preparing your next loan application? Great! But what about your credit score?
In India, the credit score plays a crucial role in loan approval, whether you want a small personal loan or a huge home loan. It is one of the many factors lenders evaluate before waving a green flag.