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In recent times, there are number of popular and convenient loan schemes in the market. These financial tools offer greater flexibility to the customers which make it an easy to go funding option for population of India. Being categorized in secured and unsecured form of credit solutions , therefore lender requires to meet some basic eligibility criteria and agree on terms and conditions related to loan application. However, in some situations when you  " Apply For Loan "  there might be some hidden charges involved that can turn into debt burden over a period. In this article, we will talk about several forms of hidden charges on loans and some remedies to avoid these charges on unsecured form of loan which are free of collateral and at higher risk to default by the borrower. Let’s, find some top of them: Penalty for late repayment:  As the name indicates a late repayment penalty is levied on borrower by the lender when he/she doesn’t pay their monthly installment on tim...

  Are you feeling a debt burden or facing an issue of money getting deducting from your loan account for hidden charges and want to change your lender? However, you have an option to change a lender but it is good to assess all the reasons that have put you in situation then make the right move if you are really convinced that it will be fruitful for you. Therefore, prior to  " Apply For Loan "  you must be of following parameters that will assist you that what will be the right time to shift your loyalties. Here we have listed those parameters to assist you in your loan journey: Service by lender:  If the quality of your lending institution is not up to your mark then it will be a right time to shift to other lender whose services you admire. Always remember that superior services do come with superior prices. Some lending institution ask you for specific amount where as private banks can ask you 3-4 times bigger balance. So, think wisley before making the switch. L...

Nowadays, our daily lives are increasingly dependent on credit solutions which are used for wide variety of personal and business need as many banks and NBFCs offer numerous loan schemes to entice their customers. There is an army of people who " Apply For Loan " to fund their needs and to get rid of financial crunch. A good credit score is the key thing to avail any kind of loan and score between 750-900 can help you in numerous ways. Therefore, ignoring the most significant component of this lending process can leave you high and dry. In this blog post, we will discuss about the pitfalls of ignoring the credit score and how badly it stings you. Let’s find out these setbacks: Limited choice of lenders: Most of the lenders prefer to sanction loans only to those who have a credit rating of above 750 as it considered being a good score in the lending sector. Any individual whose credit rating is poor would be considered as someone who is not disciplines with his repayments an...