Personal Loans - One Solution to All Your Financial Needs

The market for loans is huge and extremely competitive and there is a customized loan for every kind of loan. There is a home loan for buying a house, a car loan for bringing home the selected car and a special loan for meeting the requirements of any kind of personal need. These loans are both unsecured and secured. Only some lenders render the loans taken for personal reasons, as unsecured, where there is no collateral involved. But, lack of collateral or security often metes out high-interest rates in the borrowing terms of the loans. This again makes the secured loans a viable option as they have a very low interest rate. This means that a security is responsible for approval of these loans and thereby the interest charged is less.

According to the needs and requirements of the borrower, he can apply for any one of the above kind of loans. The amount offered as loans for personal reasons is always dependent on the collateral which is offered, in case of secured loans. The loan term extends from 1-25 years. The unsecured loans range from 5 to 10 years. With unsecured personal loans, there is no need to review any collateral.

The Uses

Personal loans are taken for various reason and the uses of these loans are endless. There can be umpteen number of uses to which the personal loans can be put to:

• Pay off Credit cards
• Pay Medical Bills
• Home improvement
• Weddings
• Vacations
• Debt consolidation etc

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Why and How to Improve the Credit Score?

If you have ever applied for a loan, you will notice that the first thing the lender does is, check your credit score. While some might feel that this is a part of the procedure, only a few know why the lender does so. Your credit score plays a major role in deciding the interest rate of your repayment. A good credit score enables the lender to charge you with a lower interest rate. On the other hand, a poor score attracts high-interest rates and even leads to loan application rejection. And even a single loan rejection lowers your credit score further. In such a scenario, it is crucial to improve your credit score. 

In-depth knowledge about credit score 

Understanding the process of credit scores will help you improve it eventually. A credit score is a number between 300 and 900. A score above 750 is considered good and if yours is less than that, you need to start improving it. Credit score builds up if you pay your EMIs on time and if you do not default on your payments related to credit cards. Your credit score starts to drop if we fail to follow the payment procedures. Therefore, your credit score is a direct reflection of your repayment capacity and punctuality. 

A lender will be happy to offer a loan to a borrower who has a high score as he/ she has prompt their worth with regards to repayment capability. On the contrary, a borrower with a low credit score comes across as a risky customer to the lender, especially in case of non-collateral loans. Lenders try to safeguard themselves from such ‘risky’ borrowers and are willing to lend only at a higher interest rate to ensure they do not lose in the deal. 

Sometimes, a terrible credit score even leads to a loan application rejection. Therefore, you need to maintain a score above 750 at all times. If you have a low score, do not apply for a loan without improving it. 

Tips to improve your credit score 

If you are in need of instant finance and are searching for a place where you can get instant loans, you can apply for a loan on a peer to peer lending platform. Even in a P2P lending solution, you will find many lenders if you have a good credit score. Here are some ways to improve your score. 

• Pay your EMIs and bills on time. 
• Create a financial plan which will help you with timely repayments. 
• Apply for a credit card only if necessary. 
• Maintain low balances on credit cards. 
• Do not close unused credit card.
• Do not apply for multiple loans or new credits as it leads to inquiries. 
• Keep checking the utilization rate of your credit card. 
• Resolve any errors on your credit reports. 
• Discipline yourself financially and monitor your credits.

These tips will help you to maintain a high credit score. Keep in mind that no financial institution lends you a loan or credit card without checking your score. So make sure to improve it. 

Check out the easiest way to get cheap loans in India

Are you interested in getting personal loans?

These days, it is not a difficult task to get loans from online services. You just need to submit your documents and within a few hours, the amount would be transferred into your account. 

Whenever you are thinking of getting loans, you need to consider the reason due to which you want to get loans for yourself. It is really important that you take help of well-experienced lending services regarding this matter.

Why do you need a loan?

When you are planning to get a loan, then it is necessary that you know the reason due to which you want to get a loan. The main benefit of getting a loan from peer to peer lending services is that you don’t have to spend the whole amount for a particular purpose; it is your choice where you want to spend your money.

Low-interest rates with low additional charges

When you consider taking the help of trusted lending services, then you won’t have to pay high interest rates. There is huge competition among the lenders as everyone wants to invest money for lending purposes and get high interest rates. So, you can definitely check if you are able to get the loan with low-interest rates. 

There are other charges which are also included in your loan amount like the prepayment charges, late charges and a lot more. Make sure that you get personal loans from the company which can provide you lending services with low additional charges.

Online research

When you search for the cheapest loans in India, then you will get a lot of options in front of you but not every company may be trustworthy. 

So, you will need to check the reviews of the borrowers to know if the company provides the best services to the customers or not.

P2P lending services

There are numerous options when you consider taking the help of P2P lending services and that’s why it is your responsibility to do your due diligence and proper research before taking any decision. Peer to peer lending refers to platforms where both borrowers and lenders directly interface with each other. 

There would be a lesser chance that your loan would be disapproved when you are taking help of the non-banking financial companies (NBFCs) to get a loan for your own personal purposes. So, you should definitely look forward to borrowing money from trusted lending services. This will help you to get the low-interest rates and reliable services without facing any financial troubles in the future.

The Latest Technology in Mobile Phones You Simply Need to Know About

There are all sorts of technological advancements and inventive discoveries that keep cropping up with every new smartphone launched in the market. These technologies ensure everyday tasks become simpler, and more straightforward and seamless while also helping you save a great deal of time. With the advent of artificial intelligence (AI), things have taken a more creative turn.

Gone are the days where you needed to rely on various apps and appliances to conduct various tasks and procedures. Today, it is all about AI and how it can be incorporated into your everyday activities and make them easier, whether it is to book cabs and check out reviews or look at LIVE weather forecast. 

Here is how this latest technology works to your advantage in a big way.

The workings of the ARBO Hub app

When you look at Panasonic all mobile phones, you will see that the latest phones come with the ARBO HUB, a preinstalled app on the smartphone. This virtual assistant basically works as a self-learning technology that usually judges individual user behaviour to predict their everyday activities. These findings are based on the ‘location identification’ feature that makes it easy to identify the places you visit on a regular basis.

Based on these findings, it sends prompt responses. This AI-powered assistant, that is the ARBO Hub, this way, manages most of your everyday activities helping to truly put the smart in your smartphone.

Some of the things the ARBO HUB helps you out with

Besides helping you identify the places you regularly visit and come up with appropriate suggestions, the AI assistant successfully helps you out through various major and minor tasks and activities every day. Here are some of the things the ARBO HUB helps you accomplish.

It definitely helps you find the information you need right at your fingertips

Whether you want to know about the latest events taking place today, need to know about what’s trending today, need to draw your attention to the top stories from round the world or simply need to stay abreast of the latest things taking place, you can do all of this and more with the ARBO Hub. This not only helps you find the information quickly but also allows you to obtain trustworthy information to rely upon.

Booking a cab has never been easier

You do not have to wait for prolonged periods hoping that a cab will appear from out of the blue. The ARBO HUB makes use of the its intuitive interface to compare fares between Ola and Uber which are two of the most widely known cab-booking app services. Since it does all the work for you, all that you need to do is select your destination and leave rest of the work with ARBO Hub.

The app makes things as convenient for you as possible by giving you a detailed glimpse of the fares. This makes it easy for you to pick the best cab-booking facility, available out there, for you. Other than this, it also makes it easy to choose from various categories within the app such as whether you want to share a cab or take your own.

You always stay entertained

You don’t have to store games or interactive apps on your phone to keep yourself entertained. With the assistance of the ARBO Hub, you can play a wide variety of games without even requiring to download them. All you have to do is choose from an extensive array of options and pick the best one that picks your interest and captures your fancy.

You can check match scores uninterruptedly too

The big view display mobile ensures you can keep abreast of cricket scores without running to the TV every now and then. The app ensures you are well aware of the latest cricket scores from all around the world. Besides this, keeping an eye on the various cricket match schedules that are going to take place is also a piece of cake.

You can even check your horoscopes

The power of astrology can be a driving force for many. The pre-installed app makes it easy to gain information on what is written in the stars through the help of daily, weekly and monthly horoscope updates.

The app assists you in a variety of other ways too

Besides what is already mentioned, ARBO Hub plays a vital role in a variety of other functions too. With the help of this app, you can seamlessly check weather updates, pay your bills, arrange your messages, examine your phone stats, order food, listen to music, watch LIVE TV and even carry out currency conversion. Other than this, it also helps you with all matters that deal with finance. Given this scenario, it is no surprise why this app is a necessity for everyone, after all it proves to be beneficial owing to more reasons than one.

The Panasonic P100: Where Beauty and Functionality Combine

There are many reasons to love the Panasonic P100. Some users love it for its potent processor while others like it for its storage capacity.

Some users prefer the device for its ability to withstand falls and drops while some others have taken a fascination to it owing to the way it captures moments.

Whatever be the case, here is a brief idea about this device’s functional features and how it benefits users in a great way.

High end processor and OTG support

Equipped with a quad-core processor and the power of 2GB RAM, the device runs effectively at a speed of 1.25GHz. 

Add to this its 16GB ROM and expandable memory of up to 128GB makes sure you process operations faster and store all your moments in a desirable way.

The device’s OTG support makes it seamless to connect to external devices on your phone. This makes it easy to connect keyboards, controllers or even a mouse to your device.

A tougher display and feature rich camera

The device comes with a 12.7cm (5) HD IPS display that ensures you get to check out every detail on your phone in a precise manner. Besides this, it comes with a Corning® Gorilla® Glass so users can know for a fact that their phone is well protected from drops and damages.

Besides being a gorilla glass phone, the device comes with an 8MP rear camera with 1.4-micrometer pixels. The camera is equipped with an LED flash and makes certain it obtains maximum light so that you are always able to capture picture-perfect moments and receive radiant images.

It also possesses a 5MP front camera that comes with auto screen detection and face beauty mode among other modes.

Other sensors and features

You can unlock an application with just a single touch owing to the fingerprint sensor. It also makes securing your data possible and allows you to assign different fingers to different functions. It is also packed with exciting smart actions that make it possible to carry out a wide variety of tasks.

The device takes in the environment around it and accordingly changes the unlocking pattern. The 2200mAh battery, a long-lasting backup and Android Nougat 7.0 are just a few other features that make the device a success for the price it comes at.

These are just some of the reasons that make this device a wonderful amalgamation of beauty and functionality. It comes in four interesting color variants that is gold, dark grey, blue and black. So, you can take your pick from the one that best suits your taste. This makes the P100 smartphone from Panasonic India a shot worth investing.

Why should you consider p2p lending for alternative investment?

Smart investors, in order to be at a pro end and also to enhance their portfolio, should consider entering the p2p lending realm because peer to peer loan is considered to be the perfect alternate investment instrument for income-seeking investors.

P2p platforms enable one to offer lowinterest personal loans to the borrowers for multiple purposes. There is an elimination of intermediaries like NBFC's, banks and unorganized lenders.

The p2p platforms have technology driven, state of the art credit evaluation mechanisms which can assign pre-ascertained interest rates to the borrowers where they are evaluated across many parameters.

The loans requested can be categorized into various categories like low, medium and high risk where the lender can fulfil the borrower's requirements at those interest rates. The smart way to mitigate the risk for an investor is to build a diversified portfolio where one can invest small amounts into a large number of borrowers, across all the risk buckets.

Investors can also use all the information available to analyze the risk to reward ratio of their investments. The platforms also provide a what-if portfolio analysis so that the lenders can simulate the performance of various loans in the loan portfolio to keep a check on the returns.

On the p2p platform, on a month to month basis, the investors can receive a part of their principal amount which is along with the monthly interest, which can further be reinvested to augment of their earnings. The reinvestment of returns will allow to counter inflation due to the principal of interest compounding.

The lenders, on an average, can earn gross returns of 18 to 24 per cent by building a diversified borrower portfolio. Investors who want to diversify their investments get better returns by the end of the day.

To cut the long story short, the smart investors, in order to enhance their income portfolio, can enter the realm of p2p lending, seek relevant information and then build diversified portfolios accordingly.

The main idea to become successful by investing in p2p lending is to have a clever risk-reward strategy by starting small. So it is a wise decision for an investor to opt for this new lucrative investment option of peer to peer lending.