Loans are a part of modern financial life—whether you’re purchasing a home, buying a car, paying for college, or handling unexpected medical expenses. But receiving the loan is just the beginning. What matters just as much—if not more—is how you repay it. In this guide, we’ll break down exactly what loan repayment means and explore the 5 most common repayment methods used in India in 2025. Whether you’re a first-time borrower or just looking to better manage your finances, this article simplifies the process. What is Loan Repayment? Loan repayment refers to the act of paying back the…
Author: finance troop
In India, a solid credit score — especially a good CIBIL score — often acts as a gateway to quick and easy loans. But what if you don’t have one? Or worse, have a poor score? The good news is, you can still get an urgent loan even without a CIBIL score in 2025. It just requires knowing the right paths, providers, and strategies. This guide will walk you step-by-step through practical, legal, and realistic ways to get an urgent loan without a CIBIL score—even if your financial history isn’t perfect. What is a CIBIL Score and Why Does…
In financial emergencies, you don’t always have time to visit a bank or wait for long paper-based approvals. That’s why personal loan apps and websites in India have become so popular by 2025 — offering fast, digital loans with minimal documents, direct to your bank account. But not every instant loan app is reputable, and not every “low-interest” rate is as attractive as it looks. This guide was built to help you: Find trusted personal loan apps and platforms Compare loan amounts, tenures, interest rates Understand approval timelines Know the safety standards and RBI compliance Let’s help you borrow safely…
Need a small personal loan but don’t have a credit score history? You’re not alone. In 2025, millions of Indians — especially students, gig workers, and first-jobbers — are seeking ways to get loans without a CIBIL score. The good news? Modern fintech lenders, NBFCs, and even some banks now offer small-ticket loans like ₹60,000 to new borrowers using alternate evaluation methods. But there’s a catch: you need to know where to apply, what to expect, and how to qualify. This guide will explain how to get an instant ₹60,000 personal loan in India — even with little or no…
Loans can help you buy your dream home, fund higher education, or manage emergencies. But for many borrowers, one question often arises a few months or years into repayment: Can I close this loan early and become debt-free? The short answer is: Yes — most loans can be paid off before the full tenure, either in part or in full. This is called loan prepayment or foreclosure. What Is EMI Prepayment? Prepayment refers to paying off your loan partially or entirely before the scheduled tenure ends. There are two types: Part-prepayment → You pay a lump sum in between…
If you own a car in India or plan to buy one, car insurance isn’t just a legal requirement — it’s also your financial shield. But with so many types of car insurance policies available in 2025, it’s easy to get confused about what to choose and how much is actually necessary. In this update guide, we’ll simplify Is Car Insurance Mandatory in India? Yes, as per the Motor Vehicles Act, 1988, it is compulsory for every vehicle on Indian roads to be insured with at least a Third-Party Liability Policy. Driving an uninsured vehicle can result in: Fines up…
Car insurance is not just a mandatory formality — it’s your financial shield on the road. Whether you’re buying your first car or switching insurance providers in 2025, choosing the right car insurance plan can save you thousands. With updated rules, new products, and smarter customer tools, it’s more important than ever to understand: Why Do You Need Car Insurance in India? In India, car insurance is legally mandatory under the Motor Vehicles Act. If caught driving without valid insurance: You can be fined up to ₹4,000 Your vehicle could be seized Repeated offenders can lose their license √ But…
Mental health is no longer a luxury — it’s healthcare. With rising awareness about anxiety, depression, therapy, and emotional well-being in India, mental health insurance has quickly become a must-have. As of 2025, most health insurers must cover mental illnesses under IRDAI guidelines. But that doesn’t mean all plans are equal. In this guide, we break down: What Is Mental Health Insurance? Mental health insurance is a type of health insurance that covers expenses related to mental illnesses, including conditions like: Anxiety and depression Bipolar disorder OCD Schizophrenia PTSD Substance abuse (in some cases) It often includes services like: Psychiatric…
The freelancer boom in India has opened up new ways to earn — from content writing, graphic design, consulting, tutoring, video editing, and even Instagram marketing. But with that freedom comes confusion about a boring but essential topic: Income tax filing! If you’re a freelancer or self-employed individual, you’re considered a “professional” or “business” taxpayer — and your tax filing process is slightly different from salaried employees. But don’t worry — in this complete guide, we’ll explain: How freelancers are taxed in India What deductions you can claim How to file your return in 2025 Pro tips to save money…
A sudden medical bill, a home repair, a business need, or even a college fee — a quick ₹1 lakh personal loan can solve a lot of short-term financial urgencies. But which bank or app should you choose? How do you avoid scams? And how much will it really cost you? In this 2025 guide, you’ll learn: What Is a Personal Loan? A personal loan is an unsecured loan you can take without pledging anything as collateral. Quick approval No asset needed Use for anything But — higher interest than secured loans (like gold or home loan) You repay in…