Physical Mandate for Loan Payments Explained
Overview: Physical mandates allow lenders to directly debit EMI payments from your bank account through an authorisation process. They ensure timely repayments, reduce manual effort, …
Category: Personal Loan
Promissory Note Vs Loan Agreement: Key Differences
Overview: Promissory notes and loan agreements are both legal tools for borrowing, but they differ in complexity, legal enforceability, and usage. Knowing these differences helps …
How Many Credit Enquiries Is Too Many?
Overview: Understand the impact of multiple credit enquiries on your credit score, discover safe limits for loan applications, and learn how to manage enquiries effectively …
Understanding Waiver Clause in Loan Agreements: What Indian Borrowers Must Know
Overview: A waiver clause allows lenders to give up certain rights in loan agreements, affecting fees, penalties, and conditions. This guide explains different waiver types, …
