Tag: loans

Need Money Now at Filld: Reasons to Get a Personal Loan

 Personal loans have become a great alternative to payday loans and other forms of lending services. The obtained funds can be used for various purposes. In other words, there are more than enough reasons to borrow money online.

Do you need money now? But do you still have doubts about borrowing money from direct lenders? Let’s mention the most common reasons for doing this.

1.      Debt consolidation

Debt consolidation is one of the most popular reasons for getting a personal loan. When you apply for a loan online and use it to cover numerous loans, you put all of those balances together to build one monthly payment. This combination makes it easier to create a time frame to cover your balances with ease.

The lower interest rates and lower extra charges are the major benefits of using personal loans. They can help you reduce the interest you pay and the time it takes to cover your debt.

2.      Moving Costs

When you decide to relocate to a different street, city, or even country, you will face high expenses which don’t always fit your budget. Apart from the transportation, you will have to spend money on packing and additional instruments. So you will definitely https://filld.com/i-need-money/ need money now. This can be $1,000 for a local move or $10,000 for a long-distance move. The prices usually vary from one state to another.

Photo by Andrea Piacquadio on Pexels.com

3.      Medical expenses

If you experience a sudden medical emergency or you have an old medical bill to pay, you can use a personal loan as a low-cost option. Depending on your medical issue, you can pay different amounts of money, $200, $2,000, or more. Even if you can’t cover the whole expense at once, you will be able to cover it partially and avoid high penalties.

4.      Car or Home Repair

Do you have a car that needs to be fixed? Or the roof in your house needs repairing after the last rain? All the work requires a great amount of money. If you need money now, you can use a personal loan from private companies. You won’t be able to borrow a lot, but it should be enough to cover a mid-sized improvement plan.

5.      Urgent Purchase

If you suddenly need to make a purchase that isn’t reflected in your budget, you need to get some extra cash. Is it a small or large purchase? Can it be postponed? Or does it need to be made as soon as possible? All these nuances do matter in a decision making process.

Getting a personal loan Filld allows you to purchase a new mobile phone or vacuum cleaner if the previous one has been broken. Even though you have to pay interest and potentially service fees, a personal loan can save you time and money in the long term perspective. Your purchase opportunities get expanded significantly.

6.      College or University Tuition Fee

Education costs are an important reason for taking out personal loans. With the cost of higher education, you may turn to federal or private agencies for financial support. While you need money now, you may refer to private companies for additional funds. Whether you make a full payment at once or you make one of the installments, you will definitely benefit from a personal loan.

7.      Other Emergency Expenses

Life is full of surprises. Not all of them are pleasant https://paydayloans.epigenome-noe.net/ . This can be a broken watch or a winter coat. You should be ready to cover those expenses with a personal loan. It is fast and easy to do without leaving the comfort of your home. Just make sure to find a reliable lender with solid lending services.

Generally, you may use personal loans to cover continuing education or additional expenses. You will solve your problem temporarily. Of course, you will have to pay money back in a matter of time. Keep this in mind when you take out a personal loan.

What Makes Cash Advance Loans More Preferable for Americans Today?

 In most cases, banks set the threshold of materiality and do not take into account the technical delays of the client, therefore it is impossible to predict the behavior of one or another financial institution without the help of some other factors. There is a percentage of likelihood that a bank will take a positive decision if you had a repayment delay in another bank but such situations don’t take place frequently. Compared to banks, payday loans online lenders give you the guarantee of instant approving a loan application with no credit check if you meet basic requirements, among which there is no a need to have a good score obligatory. Since recently, loans online have become very popular.

This was facilitated by their simplicity, promptness of receipt and convenience, if we compare with the usual version of lending that is provided by banking organizations. In this case, even a person without a job can use the service of obtaining a loan. Simply use the online lending service. To get a instant cash advance same day it is necessary to spend about ten minutes, after which credit money will be deposited. 

Photo by Karolina Grabowska on Pexels.com

How Do Americans Get Cash Quickly?

To begin with, a borrower should fill out a form on the website. First, learn what cash advance is and then proceed to the application process. After reviewing and approving the application, the client will receive cash. In order to use the loan service, you should visit the official website of the payday lender, whose services you would like to get. After this, you need to fill out an application for getting cash advance, which should include personal data and information about work and income. However, it should be noted that unemployed customers also receive the opportunity to use loan services, which is not typical for banks. The use of this type of loan takes a little time, while the probability of receiving a refusal is minimal.

Online payday loans lending has many advantages, which is why more and more customers prefer to use the services of such organizations. The main advantages of cash advance loan on the Internet are that the entire range of actions for obtaining credit can be done at home, with access to the Internet. In a special form, you must specify your personal data. This is quite convenient, since an urgent need for money can arise anytime. 

The use of credit services via the Internet is not only profitable, but also quite modern solution when there is an unexpected or urgent need for money. In any case, using the cash advance loan service, it will be necessary to pay a certain percentage of the amount taken. But the online loan will be provided with many conveniences, in comparison with the traditional bank credit.

You urgently need to pay for something, but there is no free money? Not a problem: now you can quickly take out an online loan without leaving your home (or anywhere where there is Internet). Why is an online loan convenient?

  • It can be issued even if you are hundreds of kilometers from the nearest credit institution (for example, in a small summer cottage village, or in the middle of the highway);
  • It saves time as you don’t have to go anywhere;
  • Money is transferred to the card.

Instant cash advance to a card is an easy way to quickly get a small amount for some current expenses. You can’t buy an apartment or a car for it, but you can solve minor problems instantly.

Personal Loan Comparison Table

  Here is a comparison table of the popular personal loans online along with their processing fees, preclosure charges and interest rate:

BANK/NBFC Interest Rate(pa) Loan Amount Processing Fees Part Payment Pre-closure Charges Locking Period Tenure
IDFC First Bank 12.00 % to 21% 1 Lakhs to 40 Lakhs Up to 2.0% of the loan amount Up to 40% of loan amount every year 5% on your principal outstanding + GST 1 Month 12 to 60 months
HDFC Bank 11.25%- 17.75% 50k to 40Lakhs Up to 2.50% of the loan amount subject to a minimum of ₹1,999/- & Maximum of ₹25000/- Up to 25% of Principal Outstanding allowed 13-24 Months – 4% of Principal Outstanding

25-36 Months – 3% of Principal Outstanding

>36 Months – 2% of Principal Outstanding

>48 months – 0%

 12 Months 12 to 60 months
ICICI Bank 11.50% – 17.25% 50k to 25 Lakhs Up to 2.25% per annum of loan amount plus GST Not available 5% per annum of principal outstanding plus GST 6 months 12 to 60 Months
Bajaj Finserv 12.49% -15.30% 1 Lakh to 20 Lakhs Up to 2.0% of the loan amount Normal Loan – Should be more than 1 EMI (2% + applicable taxes on part-payment amount paid)
Flexi Loan – Unlimited part payment Allowed (Min. Rs. 100 ) without any charges		 4% plus applicable taxes on Loan amount 1 month 12 to 60 Months
Kotak Bank 10.75% -17.99% 1Lakh to 30Lakhs Up to 2.5% of the loan amount + GST and other applicable statutory levies – 5% of the outstanding amount + GST on principal outstanding 12 months 12 to 60 Months
TATA Capital 11.25%-18.75% 75K- 25 Lakhs From ₹999/- Up to 3.00% of the loan amount and applicable Service Tax Part-payment up to 25% of the principal outstanding (No part-payment charges) More than 25% of the principal outstanding (2.50% part-payment charges on the part-payment exceeding 25% of principal outstanding)

*Maximum of 50% of the principal outstanding permissible

 >6 months – 3.5% of principal outstanding

For Loan amount >=7Lacs – NIL Preclosure

BT – 5% of the principal outstanding

 6 Months 12 to 72 Months
IndusInd Bank 11.50% -19.0% 1Lakh to 25Lakhs Up to 3.00% of the loan amount plus tax – Salaried: 4% of the principal outstanding after repayment of 12 EMIs. 1 Year 12 to 60 Months
Fullerton 11.99% – 25% 65k to 25Lakhs Upto 4.5% of the loan amount plus GST Within 7 months to 17 months – 7%

Within 18 months to 23 months – 5%

Within 24 months to 35 months – 3%

After 36 months – NIL

 6 Months 12 to 60 Months
RBL Bank 11.99%- 18.0% 1Lakh to 20Lakhs 1.5% of the loan amount (Non Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal) NIL NIL 12 months 12 to 60 Months
Yes Bank 10.99% – 15.99% (BT Special rates – 10.75%) 1Lakh to 25Lakhs Up to 2.50% of the loan amount subject to a minimum of ₹999/- plus taxes • 20% Principal Outstanding for 12 – 24 months

• 20% Principle Outstanding for 25 – 36 Months

• 25% Principal Outstanding for 37 – 48 Months

• 25% Principal Outstanding for 49 – 60 Months

1% plus applicable taxes on part payment amount paid

 13 – 24 months – 4% of principal outstanding

25 – 36 months – 3% of principal outstanding

37 – 48 months – 2% of principal outstanding

>48 Months – Nil

 12 months 12 to 60 Months

*The figures provided in the table are indicative subject to change from time.

Representative Example:

With a representative 10.75% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments. Monthly repayments of ₹ 21618.

Types of Personal Loan:

Here are the different types of online personal loan:

  • Personal Loan for Home Improvement
    There’s something that can be always done to your home and this is where an instant personal loan can help you fulfill them. From remodelling your kitchen to making your house a perfect mix of comfort and durability, a personal loan for home renovation can be the solution.
  • Personal Loan for wedding
    In India, a normal wedding cost ₹25 lakhs on an average! Exhausting all your savings for all the wedding expenses is not an ideal option. This is where you apply online personal loan and cover the expenses. Now, planning a wedding is now easy.
  • Personal Loan for Travel
    Apart from home renovation or wedding, you can get personal loan to cover your travel expenses. Since it is convenient and an economic option, it can be an open option. Moreover, it can alternate your uses with your credit card and help you save on interest costs.
  • Fresh Funding Meeting working capital requirements can be a daunting process and without raising fresh funds, the everyday operations can get affected. A personal loan can be the best alternative option to meet your short-term working capital requirements such as cover accounts payable, wages, etc
  • Top Up Personal Loan
    Top up personal loan is a facility provided by financial institutions to customers that allows you to borrow a certain amount of money over your personal loan. The interest rate for a top up loan is slightly higher than the regular personal loan.
  • Personal Loan Balance Transfer
    Did you know you can save thousands on your interest costs on a personal loan? Well, that is what a balance transfer can help you with. You can pay off your existing loan with a new loan at a lower-interest rate. Please note there is a charge associated with a personal loan balance transfer. .

The World Runs on Finance

Wherever you go, you hear the terms of budget, loans, bonds, stocks, crypto, and many more. Finance has become one of the highest searched topics that people want to learn. People want to get control, build different streams of income, build passive income, buy real estate, buy bonds and increase their wealth. Compared to 1980s to the present day, finance has developed and spread its branches across the world. With technology, finance has become easier to access.



Small NBFCs( Non-Banking Financial Corporations) have created apps that people can get for small amounts of loan. From 100₹ to 1,00,000₹, these corporations have found an untouched market in loan requirements, small loans. The term may be quite little, but it has huge potential. A lot of people take loans or borrow money from loan sharks at high interest rates, but do they always have money to give?


This question itself has created this part of market. With technology, payments have become quicker and able to move in a matter of minutes. NBFCs found this to be their best advantage of all time. People sign up on these apps with all their details and take the loan at exorbitant rates. They charge interest for each passing day ( 3% or more) and disburse the amount with the click of a button.


As many people are, no one wants to go through the terms & conditions because it is long and boring. Here lies the secret to the destruction of your reputation between you and the world. Many think that these apps are to be taken simply and not to be minded when the payment date comes. These NBFCs aren’t banks so they don’t give repeated notices for the payment, instead, they send your contacts all your details, with the amount of money you have taken and ask them to pay. They use godawful ways to get the payment.


Few messages are so disgusting and low that it breaks your reputation into pieces. You cannot rebuild your reputation and it keeps going on till the payment has been done. It’s a small yet such powerful blow that you cannot recover from. After the payment has been made, they don’t send a message stating that you have made the payment which doesn’t help you in any way but makes you droop down more. These interest rates on meager amounts is how they make the most money on.

Every time you borrow money, you are robbing time from your future self.

Nathan W. Morris


Loans are not a joke. You learn from the mistakes you make. Scars are lessons for what we have gone through. Learn from your experiences, teach them to your kith and kin, no matter what they are aged. If an 18 year old with a bank account, comes across the app and doesn’t know the effect of not paying on time, it’s not a wound that they can recover from easily.

Teach your younger ones about finance, how to maintain, when and where to use them but not teaching them leads to a higher damage. Be careful and do not go down this path unless you know how to come back from it.

The World Runs on Finance

Wherever you go, you hear the terms of budget, loans, bonds, stocks, crypto, and many more. Finance has become one of the highest searched topics that people want to learn. People want to get control, build different streams of income, build passive income, buy real estate, buy bonds and increase their wealth. Compared to 1980s to the present day, finance has developed and spread its branches across the world. With technology, finance has become easier to access.

Small NBFCs( Non-Banking Financial Corporations) have created apps that people can get for small amounts of loan. From 100₹ to 1,00,000₹, these corporations have found an untouched market in loan requirements, small loans. The term may be quite little, but it has huge potential. A lot of people take loans or borrow money from loan sharks at high interest rates, but do they always have money to give?

This question itself has created this part of market. With technology, payments have become quicker and able to move in a matter of minutes. NBFCs found this to be their best advantage of all time. People sign up on these apps with all their details and take the loan at exorbitant rates. They charge interest for each passing day ( 3% or more) and disburse the amount with the click of a button.

As many people are, no one wants to go through the terms & conditions because it is long and boring. Here lies the secret to the destruction of your reputation between you and the world. Many think that these apps are to be taken simply and not to be minded when the payment date comes. These NBFCs aren’t banks so they don’t give repeated notices for the payment, instead, they send your contacts all your details, with the amount of money you have taken and ask them to pay. They use godawful ways to get the payment.

Few messages are so disgusting and low that it breaks your reputation into pieces. You cannot rebuild your reputation and it keeps going on till the payment has been done. It’s a small yet such powerful blow that you cannot recover from. After the payment has been made, they don’t send a message stating that you have made the payment which doesn’t help you in any way but makes you droop down more. These interest rates on meager amounts is how they make the most money on.

Every time you borrow money, you are robbing time from your future self.

Nathan W. Morris

Loans are not a joke. You learn from the mistakes you make. Scars are lessons for what we have gone through. Learn from your experiences, teach them to your kith and kin, no matter what they are aged. If an 18 year old with a bank account, comes across the app and doesn’t know the effect of not paying on time, it’s not a wound that they can recover from easily.

Teach your younger ones about finance, how to maintain, when and where to use them but not teaching them leads to a higher damage. Be careful and do not go down this path unless you know how to come back from it.

EMI: HOW TO CALCULATE EMI

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI depends upon the tenure for which a loan is taken. EMI is high for a tenure of short period of time as compared to long period.

Equated monthly Installments are used to pay off both interest and Principal each month so that over a specified number of years, the loan is paid off in full. If a person pays only the interest component each month, then it is not the EMI amount as the Principal amount stands unpaid.

EMI Moratorium: Opting for it now means paying more later

Want to understand using a hypothetical situation?

A person was planning to buy a new motorcycle and has managed to save Rupees 75,000 for the cause and decides to take a loan for the balance amount. He approached a showroom and decides to buy a latest motorcycle worth Rupees 2,50,000. He visits a bank on the next day and was able to fetch a motor loan of  Rupees 1,50,000 only. He agreed to pay back the amount with an interest of 12% within a tenure of 3 years. He worked overtime and was able to manage the balance of rupees 25,000 rupees.

The person on taking a loan of Rupees 1,50,000 has to pay a sum of Rupees 1,79,357 including an interest of Rupees 29,357 i.e. 16.4% of total payable amount  within a tenure of 3 years at an interest rate of 12% Per Annum

In first year, he needs to clear a debt of 29.44% of total debt of rupees 1,79,357 i.e. 59,786 including a Principal Amount of Rupees 44,162 and an Interest of Rupees 15,623

In Second year, he needs to pays rupees 59,786 clearing 62.62% of the total debt including a Principal Amount of Rupees 49,763 and an Interest of Rupees 10,023

In third year he needs to make a final installment of rupees 59,786 to clear all his debts. The installment includes a Principal Amount of Rupees 56,074 and an Interest of Rupees 3,711.

LOAN: TYPES OF PERSONAL LOAN

Personal Loan are the loans that are given for personal use. They are usually secured loans as the commodity purchased using the loan act as a collateral.

7 Tips to Avail a Personal Loan at a Lower Interest Rate - Oneindia News

Types of Personal Loan

• Motor Loan– A secured loan granted for the purpose of purchasing a vehicle like car, motor cycle is called a motor loan.

• Gold Loan– A secured loan granted for the purpose of purchasing Gold is called a gold loan.

• Education Loan– A loan granted for educational purpose is called Education Loan. It can be either Secured or Insecure depending upon the educational Institution for which the loan is granted.

What Are The Challenges With Traditional Education Loans? - EarlySalary

• Home Loan– A loan granted for house is called a Home loan.

Types of Home Loan

1.Basic Home Loan

2.Home Construction Loan

3.Home Extension/ Improvement Loan

4.Home Loan Balance Transfer

Tips to get another home loan if you already have one - News Chant

LOAN: TYPES OF LOAN

Loan

•A loan is a form of debt incurred by an individual or other entity.

•The lender, usually a corporation, financial institution, or government advances a sum of money to the borrower.

•In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions.

How to Avail Tax Benefits On a Personal Loan (3 Possible Ways)

Types of Loan

i) Collateral Loans

These are  secured loans as the commodity kept as a security can be sold by bank to recover the debt, if the borrower fails to pay back the loan.

A guarantor can also act as a Collateral for a loan if he/she promises to pay the loan with interest if the borrower fails to do so.

ii) Non- Collateral Loans

These loans are not secured as nothing is kept as a security that can be sold by the bank to recover the debt, if the borrower fails to pay back the loan.