Transferring a personal loan directly to another individual is not feasible. Personal loans are approved based on your creditworthiness, income, and financial history. The lender approves the loan specifically for you. Here’s why transferring a personal loan directly is not possible: Non-transferable debt: Personal loans are typically non-transferable. The loan agreement you entered into is …
The data revealed in the Parliament on Dec 19 showed that the total unclaimed deposits with banks amount to ₹42,270 crore in fiscal 2023, 28 percent higher than the last year data. A substantial portion of this amount (i.e., ₹36,185 crore) is with public sector banks, while the remaining ₹6,087 crore lies with the private …
Credit scores and credit reports are among the most widely discussed subjects in the realm of finance and banking. Whenever you use a payment app or visit a bank or fintech’s website, they suggest checking your credit score and reading your credit report carefully. So, what are these things, and are they really important? The …
My son got admission to college recently and I have paid his first semester fees. Now, I am planning to apply for a education loan for my son. However, will the loan cover the entire fees of the four-year graduation programme or are such loans disbursed separately for each semester? And if it is the …