Why do we need personal loans ??

My Bank BOB is not giving me personal loan they are saying that as if now you are not eligible for this benifit. So where should I go for this ? Plz recommend any good other bank or fin-tech.

Looking to understand the new to credit market better to ideate a solution for them. Any research that can help? Also very keen to chat if anyone is thinking about solving for this market too!

Hello folks, Due to some financial crunch, I'm planning to get a credit card but I've heard from people about the scary stories of credit cards. Can any body who owns credit card can give his experience or any tips what card or how to use the card or any other general advice. I just want to use cc for online purchases and maybe in emergency situations. Thank you in advance.

I recently came across an idea/perspective about debt and it seemed to bring me clarity among discussion & fights online about credit instruments like credit cards etc. Here it is: Debt is a chainsaw tool, it is a dangerous tool. But it can be incredibly useful if used appropriately (like in cutting down trees) but can do incredible damage if it's misused. Let me elaborate with couple of examples: 1. Credit card is dismissed as a dangerous tool by many and traditionally, people are hesitant to use it. But if you use it and pay it off in full every month, you can earn back 2-5% of your purchases, offsetting inflation partly. But if you use it as a bridge to pay for your expenses until you get paid or use it to take on debt or buying things that you cannot afford, it will damage you. Understand the tool and use it to your advantage. 2. Many people need a vehicle for their job. Lot of times people need to take debt for this. And it makes sense as you need to go to your job to earn money. Purchasing a good value for money vehicle is the choice, but instead of that many people buy what they can't afford by extending their loan tenures and spending a huge chunk of their income. Again, here debt isn't the problem, how you plan to use it makes all the difference. I came across this idea when there was a lot of twitter chatter between influencers about good/evil of credit cards etc. In conclusion, credit is just a tool and by itself, it's neither good nor bad. Understand the tool and use it to your advantage or if the tool isn't for you, then just ignore it. Don't let tool make & control your financial decisions

Hi everyone, I am a new professional in the workplace (~2 years), and for my own independence and various other factors, I need to buy my own car. I already know the basic specifics of my car choice; I know which car model + variant to buy, along with the Showroom dealer and approximate on-road price of my choice of car. As this will be my first car, I need to buy this with a loan. If it helps, my loan financing should be from SBI and I am choosing a Maruti Suzuki Nexa car. I am looking for advice on how to go about financing this car payment via loan, i.e. what are the things I need to keep in mind in terms of the technical details of opting for a loan, whether I can directly opt for a loan with the help of the car dealer or keep the car purchase and loan sanctioning from the bank separate, down payment, etc. Any advice is greatly appreciated!

Hi, we are thinking of buying a new car in Bangalore and contemplating on whether to buy in cash or on loan. Considering the traffic conditions, we only want a small car like i10 or Tiago. We do have cash on hand to buy a decent hatchback or sedan upto 10L. It will not burn all our savings for sure. However, I have seen so many people still buying on loan even though they have cash. Would be interested in knowing what makes more sense for others. Especially want to understand if there are other benefits of loan apart from credit building. Other suggestions on car models are also welcome! TIA.

Guys, I have a monthly salary of 40000 rs(8 years in IT) and I am thinking about a switch and learning for it. My husband joined a company on Feb 5 and his monthly expected salary is around 65000 rs(5 years in fincrime). We have around 5-6 lakhs debt, which we are repaying based on requirements. We are seriously thinking about buying a car as we have a 10 month old baby and travel is difficult without a good car, hence we are planning to buy kushaq ambition automatic (~18 lakhs). We don't have money in hand thinking about taking a loan of 12 lakhs and rest by pledging gold. Do you think we made the right decision to buy a car now. We have a 15 year old Alto now.

Me and my spouse in total are earning 6 Lakh a month pre-tax, but inspite of that there is too much pressure on finances. I am just amazed with the cost of living. Rents, School fees, EMIs, Taxes are just eating away all the income. I am barely left with 1 lakh at end of month. This saving is not enough for any emergency. Recently my family faced with medical emergency and I am still recovering with the debt it created. Company covered health insurance denied the claim on certain grounds and we were f**c***. It looks so pretty from outside, but honestly I am frustrated even with this package in hand. Is anyone else feeling the pressure, or I am just bad at managing finances?

I'm building a platform like Paisa Bazar, where I will be selling credit cards (I have a online distribution network from where I'll be diverting users) On very cards landing page I want to list all offers for that particular card, From where can I get all these offers.

Hey folks! I saw slice ad saying they are offering some upto 5 l interest free loan. Checking that out. But what companies are offering loan at some extremely low interest rates? I am assuming banks would charge a premium vs the tech companies. I am looking for some 2-4l loan purely because I can earn more via trading than the interests I'd pay for loan.