Author: michealanderson

The current situation of inflation in India is alarming. Inflation has reached a peak of double-digit in many sectors. The major concern is that the prices of essential commodities have increased. The reason behind this inflation is high oil prices, higher interest rates, and the weakening of the Indian rupee. The RBI has raised the interest rates to check the inflationary pressures. However, it has also adversely affected the growth of the economy. The Indian government has also taken many steps to check inflation.The steps taken by the government are not enough to curb inflation. Inflation can be combated through…

The small-ticket personal loan segment has escalated threefold for disbursements and 11 times in terms of volume from FY17 to FY21. The credit option’s versatility is why individuals are falling back on it during financial exigencies. However, borrowers must settle for the lowest interest rate on personal loans to make the borrowing affordable. Lenders generally levy interest rates based on the cost of fund and evaluation of the borrower’s credit risk. Hence, borrowers must know the intricacies of personal loan interest rates before applying for the credit advance. Know how to avail the lowest interest rate personal loan in India…