Tag Archives: personal loans

The Truth About Payday Loans: Exorbitant Annual Interest Rates

When you face an unexpected expense, a payday loan may seem like the ideal solution. Applying is quick and easy, and you can get the money you need in just a few hours. But before you take out a payday loan, be sure to read the fine print. Payday loans …

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Digital loan apps that allow easy access to instant loans

The FinTech environment has grown in popularity in recent years, especially after the pandemic. The banking, money services and insurance (BFSI) industry in particular has exploded with digital lending services transforming the lending process and disbursement methods. Digital lending is booming as an effective alternative to traditional lending (by financial …

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Why Instant Loans Are Catching Fire With Fraudsters

Buyers now have endless options when it comes to credit. BNPL has grown rapidly in recent years and fraudsters are looking to exploit it Many are drawn to the flexibility of buy now, pay later (BNPL) services, which have exploded in popularity during the pandemic. Over 17 million UK customers …

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Should you ever get a payday loan?

When you’re low on cash between paychecks or have an unexpected financial emergency, a payday loan can be a tempting option to help you make ends meet or access cash quickly. However, these short-term loans, which are usually due on the day of your next payday, are extremely risky. They …

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What to know before borrowing

Payday loans usually come with very high interest rates and are often based on your income. Personal loans are long-term installment loans that generally have lower rates than payday loans. Payday loans are always a worse option than personal loans due to their high rates. Read more stories from Personal …

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Fullerton India, Paytm partner to provide instant loans to MSMEs

Fullerton India and One97 Communications Limited, the parent company of Inasmuch asPaymentInasmuch as, have partnered to provide loan products to micro, small and medium-sized enterprises (MSMEs). According to a press release, the initiative aims to specifically address the credit needs of MSMEs in small towns and villages to help them …

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[COLUMN] Achieve Freedom by Eliminating Your Mountain of Debt —

The TOUGH financial times caused by the pandemic are pushing consumers to the limit. Chargebacks and overdue credit card balances are on the rise again. Faced with layoffs and tough economic times, many people are turning to their credit card to pay for basic expenses such as food and housing. …

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Online loans via Ipass launch loan consolidation service

Ipass Loans is a website dedicated to reducing the time and frustration of getting a short term loan, even if the borrower has bad credit references. The website contains links to a range of lenders who work with borrowers who may have difficulty securing a traditional loan. Ipass Loans is …

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Dhaka Bank to Launch AI-Based Instant Loans

Dhaka Bank will soon be able to disburse small-scale personal loans within two hours of submitting the request by clients. As such, an account holder of the private lender will be able to contract between 10,000 Tk and 3 lakh Tk without producing any paper documents. For all the latest …

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Apply for an instant loan from Fintechs? Here are the key points to consider

New age fintechs are taking advantage of digital lending and making the process of getting loans faster and more convenient than traditional banks. They offer customized products to meet the demands of the borrowers. Instant Loan is one such product that a customer resorts to in an emergency. Instant loans …

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Income Tax Raids in Haryana, Delhi for Instant Loans Via App: The Tribune India

New Delhi, November 17 The Income Tax Department today conducted search and seizure operations in Delhi and Haryana in the case of a fintech company offering instant short-term personal loans through a mobile app. The searches were carried out on commercial and residential premises in Delhi and Gurugram. During the …

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What are payday loans? | Nasdaq

What is a payday loan? You know those places where you hear about “earning a quick buck”? They’re payday lenders — and they’re not your friends. Payday loans depend on desperate people who have few other options to keep their doors open. how they work Let’s say your car breaks …

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Instant loans by TSLC Pvt Ltd

CASHe is the first app-only instant personal loan platform in India that provides personal loans to salaried young professionals. Since its launch in April 2016, CASHe has provided personal loans ranging from Rs 5,000 to Rs 1,000,000 for credit periods ranging from 15, 30, 90 and 120 days to thousands …

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3 same day loans that aren’t payday loans

When you run out of money for an unforeseen emergency or a bill that needs to be paid right away, a quick loan can set you back. Unfortunately, people in this situation often take out risky and expensive payday loans. These loans are popular because many of them do not …

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Payday Loans: A Quick Solution To A Financial Crisis

TV and Social media the advertisements emphasize the ease and speed of obtaining financing from banks. However, this couldn’t be further from the truth. This article gives you details on Payday Loans: A Quick Solution To A Financial Crisis. Getting a loan from banks and microfinance is difficult. The eligibility …

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The simplest loan you can get

If unexpected expenses arise and you do not have the funds to cover these expenses, getting an emergency loan is an excellent alternative. There are a variety of emergency loans that are simple to obtain because the lender doesn’t even have to check your credit. This lets you quickly get …

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11 alternatives to expensive payday loans

When you are strapped for cash, the promise of a hassle-free quick cash payday loan may seem like an attractive option. But is it your only one? The Center for Responsible Lending calls payday loans “predatory” – for good reason. The ease with which borrowers can get their hands on …

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Are payday loans safe for consumers?

The payday loan racket may have gotten tougher for lenders, but it remains treacherous for consumers. Last week, the Consumer Financial Protection Bureau announced a new set of protections for borrowers using these services. Financial experts and consumer advocates have sharply criticized the payday loan industry for its predatory practices …

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Will payday loans affect my credit rating?

Payday loans are infamous for being “quick fixes” for people who need fast, small, and convenient personal loans that banks and other financial institutions can’t provide. A payday loan can be up to $2,000 and has a maximum repayment period of 12 months. Payday lenders are notorious for accepting applications …

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The good, bad and ugly of payday loans and quick cash

LOUISVILLE, Ky. (WAVE) — If you can’t make ends meet and need cash fast, many people turn to a loan to fix their financial misfortune. The simple truth is that many people can’t qualify for traditional loans because they don’t make enough money or have poor credit. With few options …

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Xiaomi’s New Mi Credit Service Provides Instant Loans Up To Rs 1 Lakh In India, But There Is A Snag

Xiaomi has partnered with Bengaluru-based KreditBee instant personal loan platform to launch Mi Credit, Xiaomi’s third value-added internet service in the country after Mi Music and Mi Video. Via the Mi Credit platform, Xiaomi will provide personal loans from Rs. 1,000 up to Rs. 1,000,000 and will only require users …

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Sterling Bank boosts instant loans with Specta

Sterling Bank Plc announced the launch of Specta, an instant lending platform that offers consumer loans up to N5 million in five minutes. The product was unveiled in Lagos on Thursday, the lender said in a statement on Sunday. The lending platform uses proprietary data and analytics to process and …

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Are they right for you?

As banks and financial institutions expand their retail lending business at a time when business lending looks poor, they are turning to technology. Most of the banks have launched instant loans and with this the time to get the loans has decreased considerably. But a bank’s desperation for business shouldn’t …

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BankBazaar.com Launches Multi-Brand Paperless Platform for Instant Loans

BankBazaar.com, an online marketplace for financial products, has launched a multi-brand, paperless e-KYC platform for instant loan approval. This eliminates the need to submit physical documents for loan approvals through the company’s online platform. Currently, the service is available for personal loans and auto loans, according to a statement released …

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Citi India Focuses on Instant Loans to Develop Retail Book

Citibank India, the country’s most profitable foreign lender, focuses on instant loan disbursement to cross-sell at a rapid pace and grow its retail portfolio (individual borrowers). After launching instant personal loans a few quarters ago, the lender launched instant mortgages and instant credit cards for existing customers. Banks are increasingly …

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