Sunday, June 26

Loan

5 Personal Loan Mistakes Every Beginner Must Avoid
Loan

5 Personal Loan Mistakes Every Beginner Must Avoid

A personal loan can cater to immediate monetary needs. Whether in an emergency or otherwise, you can get quick cash without any collateral. The procedure from application to disbursal is a breeze with the top Indian banks. A good way to get the most out of this product is to learn about a few common mistakes that most borrowers make. It will help you: Stay protected against debt trapsMake an informed financial choiceAvoid unpleasant surprises down the lineManage the loan better over time. Check a host of factors like interest rates, fees and tenure flexibility. Further, below are a few errors you must fix ahead of time to ensure minimal hassle. 1.     Poor Credit Score A personal loan is not secured by collateral. No co-signer or guarantor is required. The ...