Top 10 Mistakes First-Time Freelancers Make with Cross-Border Transactions

Thanks to technology and new lending regulations, personal loans in India in 2025 will be clearer and easier to get. If you're looking into how to get a personal loan, keep reading. Therefore, this guide from Eximpe will show you how to determine if you are eligible, what documents you need, and advice to help reduce your expenses. How to Get a Personal Loan in India: Step-by-Step Guide (2025) Understand Your Eligibility and Loan Amount Before sending an application, I need to know my estimated eligibility. Personal loans can be given by banks and NBFCs for amounts between ₹10,000 and ₹40 lakh, depending on the money you can afford to return. Most lenders determine if you are eligible by taking your net monthly income and multiplying it by a factor within this range. For instance, a ₹40,000 monthly income qualifies you for a loan of ₹6 lakh (at a 15x multiple) without any other EMI payments at the time. Other reasons impact eligibility for benefits. Loans are available for individu...

  India’s fast-growing small businesses need access to the funds they require promptly. It is clear to us at EximPe that MSMEs require financial stability to thrive. Getting to know MSME loans can be very important if you want your SME to grow. What is an MSME Loan? An MSME loan exists solely to solve the financial challenges faced by micro, small and medium enterprises. Since working capital, equipment, expansion, or new enterprises are common purposes, businesses look to banks or non-banking financial institutions for these types of loans. Traditional loans require a significant amount of paperwork, whereas an MSME business loan typically requires minimal paperwork and facilitates easy repayment, as it typically doesn’t require substantial collateral. Key Features of MSME Loans Flexible Loan Amounts: You can borrow as little as ₹3 lakh and as much as ₹1 crore or more, depending on the use of the loan. Competitive Interest Rates: With a personal loan, the interest rates are usu...

  A home loan is sometimes the solution that lets many people make their dream of owning a home a reality. We recognise at EximPe that buying a home is one of the most significant financial decisions a person will make. Check out this guide to learn about the details of a home loan, including its pros, types, features, and how to determine your future borrowing capacity. What is a Home Loan? Banks or financial institutions offer home loans to anyone who wants to buy, build, or renovate a house. While you have an outstanding loan, the house is used as security until the loan is repaid. Generally, to repay the loan, borrowers pay amounts with interest each month over a tenure chosen by them, typically ranging from 15 to 30 years. Key Benefits of a Home Loan Tax Benefits: You can take advantage of tax savings on your home loan from the Income Tax Act’s sections 80C and 24(b). Deducting both interest and principal from your income will allow you to reduce your tax bill. Lower Intere...