Sep 13, 2021

Best Personal Loan Tips

Are you contemplating taking a personal loan to fund a large payment? A personal loan can definitely help you to make payments for your various credit needs such as planning a family vacation, a wedding, renovating your house, etc. In addition to not needing any collateral, the documentation process is also not as complex as some of the other loans.

Hence, it might seem extremely simple to avail the benefits of a personal loan. However, there are a few important things you must keep in mind while looking for a personal loan. Read our list of 9 most handy tips that will definitely help you with your personal loan.

Take a Loan Only When Absolutely Necessary

A personal loan should only be taken after a thorough assessment of your requirements and already existing loan/repayment commitments. It is important to understand that while a loan will help you pay for your short-term goals, it will be an additional payment for the next few months/years that you will have to do without fail. Hence, it is imperative to ensure that you will be able to make the monthly payments within your monthly income.

Research Thoroughly Before Applying

With the increase in the number of personal loan providers and their bold claims, it is possible to get swept away with the most attractive loan offer without reading the terms and conditions carefully. Hence, it is essential to do thorough research before selecting your personal loan. Ensure that you compare features such as interest rates, loan tenure, processing fees, etc. and pick the loan provider that matches your financial needs.

Look for Lowest Interest Rate

Personal loans generally have high-interest rates owing to the fact that there is no collateral taken as a guarantee. As the interest to be paid is high, even a small difference in the interest rate can mean a huge difference in the total amount you would have to pay as interest. This makes it very important to look for loan providers that can offer you a good deal on interest rate based on your credit score and requirements. 

Check Eligibility Criteria

Before you narrow down on the bank and the loan that best suits your needs, make sure you check that you meet the eligibility criteria of the loan you’re interested in. One of the most important eligibility criteria is your income and credit score, as these indicate your loan repayment ability. The higher your income and credit score is, the more likely you are to get a personal loan for a higher amount

Maintain High Credit Score

Along with your income, a high credit score will definitely boost your chances of getting a personal loan with the desired interest rate and tenure. This is because a low credit score will be an indication of a poor repayment history causing banks to be apprehensive about granting loans to you. Therefore, it is very critical to clear all your debts and pending credit card bills prior to a new loan application.

Be Careful of Additional Charges

Before you settle with one bank to apply for your personal loan, make sure you take into consideration other factors apart from just the interest rate and duration, such as processing fees. 

Check Prepayment Charges

Prepayment is the settlement of the loan prior to the official due date; either by paying the full amount or settling a part of the repayment. Although prepayment option is only allowed by certain banks and loan providers, it usually requires the borrower to make an additional payment and can only to be done after 12 months of the loan being sanctioned. It is important to go through the prepayment terms and conditions prior to finalising your personal loan.

Make Timely Repayments

Any loan or credit you take is a commitment to repay it diligently and without fail for months/years. Timely repayments not only prevent you from unwanted penalties, but it will also ensure your credit score does not get impacted negatively. Maintaining a good repayment history is crucial in maintaining a high credit score, which will only help you in the future for availing any more credit/loan.

Shorten the Loan Tenure

You might come across loan providers who allow very long repayment periods low EMI options, which might be very tempting. But, it is worth noting that in such long-term loans, the total interest you will have to pay can be very high.

Tips to improve your chances of getting a loan

When it comes to applying for a loan, there are things that help and things that hinder your chances of getting approved. Here are some tips on improving your chances before submitting and how you can avoid the risk of getting rejected.

To give yourself the best shot of getting your loan approved, it’s important to know some of the key factors that go into deciding whether or not a loan gets approved. Not only do these factors impact the likelihood of securing a loan; they also influence your interest rate and payment terms.

Having everything in order and knowing what needs to be fixed will help you plan ahead and put your best foot forward when applying.

1. Check your credit score

Your credit score shows your credit standing and behaviour, indicating how likely you are to pay back your debt. This determines whether you’re eligible for a loan and on what terms. Get your credit score in shape before applying for a loan. Make sure all your bills are paid and fix any mistakes, such as incorrect information, that might appear on it. Also, keep the amount of credit you’re accessing low to show that you can sensibly manage money lent to you.

2. Approach the right lender

Just as there are different loans for different needs, different lenders have different requirements and approaches to risk. Be specific and realistic. Apply to a lender that’s a good fit for your needs and one that’s more likely to accept you.

3. Can you afford it?

An unaffordable loan isn’t in your interest, and it’s unappealing to lenders. Have you got a steady and reliable income, and do you have enough to pay the monthly instalments and cover your expenses? A bank or lender wants to ensure you’re able to pay back the money. Determine exactly how much you need, see whether you qualify for that amount and then apply for the minimum loan amount.

4. Understand how the loan application works

The type of loan you’re applying for will determine what’s required to start and complete the process. Understanding what’s required, when it needs to be submitted and how long it takes, will help you prepare adequately and manage expectations accordingly.

5. Pay down existing debt

An important element of your credit score is your debt-to-income ratio: the amount of credit you used versus what’s available to you. A high ratio could indicate that you are overexposed to debt, impacting your chances of getting a new loan. Paying off debt will lower this ratio and make your application more attractive.

6. Consider collateral or a co-signer

If you’re having a hard time securing a loan, (depending on the loan type) you can put down collateral, showing the lender you’re serious and that you have incentive to pay back the money or risk losing that item of value. Alternatively, if you’re just starting out or have a higher debt-to-income ratio, you can also ask someone with a good credit score or higher income to co-sign the loan application.

7. Be honest

Don’t stretch the truth. Overestimating your income, underestimating your debt or misrepresenting your employment could result in your application being rejected and a decline in your credit score. Reapplying or submitting multiple applications within a short period is also a red flag for lenders and makes them wary of approving your loan application.

Posted on September 13, 2021 | Categories:

Sep 10, 2021

Samsung Galaxy Z Fold 3 5G

Samsung Galaxy Z Fold3 5G

Galaxy Z Fold3 5G: Ultimate Productivity and Entertainment

Unfold Z Fold3 to immerse yourself in theater-like viewing experiences and stay fully engaged in your favorite content on the uninterrupted 7.6-inch Infinity Flex Display—thanks to our new Under display camera technology. With minimum pixels applied on top of the camera hole, Z Fold3 features an increased viewable area so users get an unbroken canvas for their favorite apps. With the new Eco² display technology applied to the screen, it’s 29%10 brighter while consuming less energy11. Experience even smoother scrolling and quick device interaction with the Super Smooth 120Hz adaptive refresh rate now on both the Main and Cover Screens.

For the first time ever on the Galaxy Z series, Samsung is bringing its beloved Note series technology to Z Fold3—the S Pen functionality. Users can take advantage of fully optimized S Pen features on their foldable screen, which is a perfect fit for on-the-go multitaskers. On Z Fold3’s massive Main Screen, it’s easier than ever for users to jot down notes during a video call or check off a to-do list while reading emails, and Z Fold3 users can also power their creativity and productivity with our fan-favorite S Pen. S Pen for Z Fold3 comes in two options: S Pen Fold Edition and S Pen Pro12. Both feature a specially engineered retractable Pro tip with force limit technology to protect Z Fold3’s Main Screen for peace of mind while using the S Pen. This is Samsung’s best S Pen experience yet, with even lower latency for true-to-life composition—ensuring that notetaking and sending messages is seamless and intuitive.

Productivity seekers will also enjoy Z Fold3’s enhanced Flex mode features, which let you do more at once, such as joining a video call on the device’s top screen while checking meeting notes on the bottom. With Z Fold3’s updated Multi-Active Window13, it’s even easier to make dinner plans over text while checking your calendar, all on the device’s large screen. And now on Z Fold3, users can create a shortcut and reopen apps in the same way later thanks to enhanced App Pair. Plus, they can use Z Fold3’s new Taskbar14 to quickly switch between apps without returning to the Home screen.

Z Fold3 is built with a sleeker, thinner, and lighter design for even better portability than Galaxy Z Fold2. It comes with a choice of three timeless colors: Phantom Black, Phantom Green, and Phantom Silver.

Key Features

Immersive Viewing

When the 7.6-inch Infinity Flex Display lights up like magic, the front camera disappears — leaving behind nothing but your YouTube video.

With less bezel, no notch and an Under Display Camera, it's the world's first foldable phone with an uninterrupted view.

S Pen and Flex mode

The first S Pen on a foldable. Feels write. Get precision your fingers could only dream of as you put pen to glass.

And you can watch, video call and more all hands-free with Flex Mode.

It splits the screen in two, letting you work smarter — like taking a call on the top half and sketching ideas on the lower half.

Easy Multitasking

Your phone delivers PC-like productivity, but folds in your palm for portability. Flex mode provides multidimensional experience, so you can do things faster, better and more efficiency.

IPX8 Water Resistance

The world's first water resistant foldable smartphone. An IPX8 rating means you can unfold freely, even if you're caught in the rain.

Armor Aluminum Frame

A super-strong, yet lightweight Armor Aluminum frame is the backbone of this incredible phone, protecting the interior parts of the hinge like a suit of armor.

Real Flex and Less Breakable Screen

The Main Screen is made of Samsung Ultra Thin Glass — the biggest leap in our foldable display technology. Less breakable and more scratch-resistant than ever before.

Also, the Front Cover Screen can take a hit, since it's equipped with Gorilla Glass Victus.

Screen Size

Main Screen : 7.6" Dynamic AMOLED 2X

(2208 x 1768)

Cover Screen : 6.2" Dynamic AMOLED 2X

(832 x 2268)


Dimension

Open : 158.2 x 128.1 x 6.4mm

Close : 158.2 x 67.1 x 16.0~14.4mm


Dual SIM Type

2 Slot


Weight

271g


Processor

Qualcomm Snapdragon 888

Octa-core


Max. display refresh rate

120 Hz (main, cover)


Camera

12MP Wide

12MP Ultra wide

12MP Telephoto


Front Camera

10MP Front Cover (HID)

4MP Front Main (UDC)


Battery

4,400mAh (typical)


Memory

12GB


Storage

512GB / 256GB


S Pen compatibility

Yes

Posted on September 10, 2021 | Categories:

Samsung Galaxy Z Flip 3 5G

Samsung Galaxy Z Flip3 5G

Galaxy Z Flip 3 5G: The Ideal Balance of Style, Function, and Nonstop Fun

Z Flip 3 empowers users to express themselves with bold color options, a sleek design, and premium features. With the choice of four trendy colors—Cream, Green, Lavender, and Phantom Black—plus new stylish ring grips and strap cases15 that make it even easier to hold and fold the phone, Z Flip3 is a device for true self-expression. For those in search of even more color options to fit their style, Samsung.com carries exclusive colors, such as Gray, Pink, and White16.

The redesigned Cover Screen is now four times larger17 and makes it easier to view notifications and messages without having to open Z Flip3. Users can keep up with their schedule, check the weather, and monitor their daily step count with new Cover Screen widgets or coordinate the Cover Screen wallpaper with their new Galaxy Watch4 or Galaxy Watch4 Classic for a matching look. And with Samsung Pay built directly into the Cover Screen, it’s never been easier to check out on-the-go at the local coffee shop.

Z Flip 3 is also crafted to give users the best capability for capturing and sharing memories. Packed with some of our latest camera features, users can take even more stunning selfies hands-free with Flex mode. Or they can keep the device folded and capture a quick photo—and now, even video—right from the Cover Screen using enhanced Quick Shot by double-clicking Z Flip3’s power key. Plus, scrolling and sharing are super smooth, thanks to Z Flip3’s new 120Hz adaptive refresh rate18.

Z Flip 3 is great for relaxing and watching a YouTube vlog or a TV show hands-free. Thanks to Z Flip3’s new, upgraded Stereo Speakers with Dolby Atmos®, you get immersive sound with incredible clarity, depth and spatial effects, no matter what you’re watching or listening to. And the new Flex Mode Panel feature makes apps look better and easier to use. When the device is partially folded, Flex Mode Panel gives you new ways to interact with Z Flip3, offering a more convenient viewing experience by moving the video to the top half of the screen and the show’s controls—like brightness and volume—to the bottom half.

Key Features

Compact Form Factor

A full-sized smartphone that folds to fit small-sized pockets. This visually awesome and 4.2" folded compact design delivers the ultimate portability for every move you make.

Iconic Cover Screen

The 1.9-inch Cover Screen displays various notifications and lets you intuitively interact with them. You can also take selfies using the dual Rear Camera and see the preview on the iconic cover screen.

More Durable Outer Materials

Galaxy Z Flip3 5G's made with strongest aluminum frame on our foldables, protecting the hinge so you can unfold and focus on important things. The Front Cover and Back Cover on Galaxy Z Flip3 5G are made of the toughest glass on Galaxy Z.

Flex Mode

Take photos more easily than you ever could before with Flex mode. With a steady hand built in, all you have to do is adjust the angle and step back for hands-free selfies.

Water Resistance

Galaxy Z Flip3 5G is the world’s first water-resistant foldable smartphone, with an IPX8 rating. It can hang out in 1.5 meters of fresh water for up to 30 minutes.

Fastest Chip Now On Galaxy Z

The 5nm processor is powered by upgraded GPU, CPU and NPU. Add in 8GB RAM, and Galaxy Z Flip3 5G delivers gaming performance to satisfy your need for speed.

Screen Size

Main Screen : 6.7" Dynamic AMOLED 2X

(2640 x 1080)

Cover Screen : 1.9" Super AMOLED

(260 x 512)


Dimension

Open : 72.2 x 166 x 6.9 mm

Close : 72.2 x 86.4 x 17.1~15.9 mm


Dual SIM Type

2 Slot


Weight

183g


Processor

Qualcomm Snapdragon 888

Octa-core


Max. display refresh rate

120 Hz (main)


Camera

12MP Wide

12MP Ultra wide


Front Camera

10MP Front Main


Battery⁷

3,300mAh (typical)


Memory

8GB


Storage

256GB / 128GB


S Pen compatibility

No

Posted on September 10, 2021 | Categories:
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