What is the FOIR for Personal Loan Approval in Top Banks and NBFCs

What is the FOIR for Personal Loan Approval in Top Banks and NBFCs FOIR (Fixed Obligation to Income Ratio) is a key parameter used by banks and NBFCs (Non-Banking Financial Companies) to assess a personal loan applicant’s repayment capacity. It measures the proportion of your income that goes towards fixed obligations, such as existing EMIs […]

Top Personal loans Companies in India 2023

Top Personal Loan Finance Companies in India In recent years, personal loans have become an increasingly popular financial solution for many individuals in India. Whether it’s to finance a wedding, home renovation, or even to pay off high-interest credit card debt, personal loans provide a flexible and convenient option for individuals looking for a quick […]

FOIR in Personal loan

Personal loan Understanding FOIR: Calculation, Importance & Impact on Loan Eligibility When applying for a loan, understanding your eligibility is crucial. One of the key factors lenders assess is your Fixed Obligation to Income Ratio (FOIR). This metric plays a significant role in determining whether you qualify for a loan and how much you can […]

Instant personal loan without income proof

Personal loan Get Instant Personal Loan Without Income Proof (Pre-Approved Loan) Are you in need of urgent funds but don’t have income proof? With Fincover, you can get an instant personal loan without the hassle of providing income documents. Whether you’re a freelancer, self-employed, or someone with a unique financial situation, Fincover offers you a […]

What is a Balance Transfer? in Personal loan

Personal loan What is a Balance Transfer? in Personal loan A balance transfer involves moving an outstanding balance from one credit card to another, typically to take advantage of lower interest rates or better terms. This financial strategy can help you manage debt more efficiently, reduce interest payments, and consolidate multiple credit card balances into […]

Understanding DPD in CIBIL Report

Personal loans Understanding DPD in CIBIL Report Your Credit Information Report (CIR) provided by Credit Information Bureau India Limited (CIBIL) contains vital information about your credit history, which lenders use to assess your creditworthiness. One essential aspect of the CIBIL report is the Days Past Due (DPD) information. DPD reflects your repayment behavior and plays […]

Best Bank for Your Personal Loan in Kerala (2024)

Personal loans Best Bank for Your Personal Loan in Kerala (2024) Finding the perfect personal loan in Kerala is like navigating a financial maze. But worry not! This comprehensive guide empowers you to make informed decisions and secure the best deal. We’ll explore key factors, compare top banks, and equip you with expert tips to […]

Five Personal Loan tips for everyone

5 Personal Loan tips for everyone Personal Loan is one of the best offerings when it comes to availing credit from bank or NBFC. A Personal loan can be used to manage both planned and unplanned expenses. Getting a personal loan no longer is a hassle especially in this digital era. Earlier, getting a personal […]

The Ultimate Guide to Bad Credit Loans: What You Need to Know

Banking The Ultimate Guide to Bad Credit Loans: What You Need to Know The problem of no longer having a terrific credit score could make it hard to get a loan. However, this shouldn’t discourage humans from exploring different options, that’s valid even for those with bad credit score scores. In this comprehensive overview of […]

personal loan for self-employed with no proof of income

Personal loans how to get personal loan for self-employed with no proof of income? While obtaining a personal loan without any proof of income can be challenging, especially for self-employed individuals, there are still paths to explore. Here’s a step-by-step guide on how to increase your chances of success: Step 1: Improve your credit score: […]