Saral Credit - Loans Guides Blogger

  Feeling uneasy about credit card bills, student loan payments, or many other existing debts? Seeking out a debt relief can help you to complete your financial obligations. But there are some pros and cons to getting   debt relief   India . Debt resolution is an agreement between the borrower and the lender for settling your all existing debts for lesser than the amount that you currently owe, and it relieves the overall burden of present debt. Features of Debt Resolution India Some advantages of debt resolution in India are:- The balance owed by you is reduced to too much extent, sometimes up to 40%-50%. It is the best way to avoid insolvency for those who paid the settled amount. You don’t need to pay interest with other charges anymore. Once the complete debt is paid off, debt collection agencies will stop bothering you repeatedly. You can start concentrating on other important things which remain left during this time. It clears your path to enhancing/repair cibil. H...

Is it possible to manage all types of expenses without borrowing money from others? Even though we plan accordingly, still we may encounter some tough times. Some difficult times like unexpected job loss, automobile breakdown, medical emergency, and so on may arise. At such times, everyone might rely on their savings. However, few may encounter even hard times like even the savings would also not be enough to cop up. In such circumstances, one can apply for personal loans from lenders. Personal loan & its benefits: A personal loan will come under the unsecured loan type. Moreover, this loan is not linked to any specific type of expense. Therefore, this loan type can be helpful to cover various needs. In a short term, the personal loan is used for personal needs like buying gadgets, renovating a home, or covering business expenses. As mentioned earlier, a personal loan is an unsecured loan. Hence, one can apply for this loan type without collateral. With the advent of technology, ma...

Credit repair India  includes reassembling your credit health to a level where you become eligible for unsecured loans. If your score is less than 650 it is suggested to look for professional help because it will take more time to rebuild. Otherwise score between 650–750 improved you by taking the necessary steps. How to solve problems with low cibil? ·  Credit card against fixed deposits-  You could correct your CIBIL default score by availing of a secured credit card against a fixed deposit(FD) it ensures that you are not going to miss any payments. ·  Write down a goodwill letter-  You can request anytime to lender or agency by giving a goodwill letter to them for removing negative remarks from a credit report of delay in repayment. You need to explain the genuine reason for the payment delay, it’s up to them to accept your request or not. It is helpful in fix cibil score. ·  Keep former credit cards open-  Don’t be so hurry to close your old credit...

The federal bank provided personal loans to salaried individuals to meet all unplanned emergencies like weddings, medical, house maintenance, etc. for loan amounts up to Rs.25 Lakh at a starting interest rate of 10.49% p.a. Federal Bank Personal Loan Important Highlights ·        Borrower can avail of the loan amount up to Rs.25 lakhs from Bank of Baroda. ·        Maximum loan repayment tenure is 4 years or 48 months. ·        Federalbank personal loan interest rates may vary from 10.49% to 17.99% per annum. ·        Processing fee is up to 3% of the loan amount. ·        Minimum monthly income required to avail loan from Bank of Baroda is Rs.25000. ·        Late payment charges or penalty is 2% per month. ·        Foreclosure or prepayment charges- floating rate sc...