Cash by CRED

borrowing basics

is personal loan taxable?

is personal loan taxable?

borrowing money through a personal loan does not create a tax liability. the amount received is not income. income tax applies to earnings, not to funds that must be repaid. taking on a loan does not increase net worth because the borrower also takes on a debt. tax rules do

quick cash loans: hidden fees and charges you should check before borrowing

quick cash loans: hidden fees and charges you should check before borrowing

a processing fee covers the lender's cost of underwriting the loan, verifying documents, and running credit checks before disbursal. this is typically deducted upfront from the disbursed amount rather than added to the EMI. processing fees usually range from 1% to 3% of the loan amount. some lenders

what fees or hidden costs should I look out for when taking a quick cash loan?

what fees or hidden costs should I look out for when taking a quick cash loan?

a quick cash loan looks simple. a few taps on the phone, a permanent account number (PAN) number, a selfie, and the money arrives in hours. that convenience is exactly what has made digital lending popular. but borrowers often realise later that the amount received and the amount repaid are

what should I check before using a cash advance app for emergency funds?

what should I check before using a cash advance app for emergency funds?

before using any cash advance app, the lender should be checked for RBI registration on the official Digital Lending App directory. the app must provide a Key Fact Statement with the annual percentage rate, processing fees, and repayment schedule upfront. interest rates on these apps can range from 35% to

what are the eligibility criteria and fees for transferring a personal loan to another bank?

what are the eligibility criteria and fees for transferring a personal loan to another bank?

a personal loan balance transfer shifts the remaining amount from one lender to another. the new bank pays off the old one. the borrower then repays the new lender under different terms. the usual reason is a lower interest rate. but sometimes it is for better repayment terms or a

what should I watch out for in loan app terms and hidden charges before borrowing?

what should I watch out for in loan app terms and hidden charges before borrowing?

loan apps offer quick money with minimal paperwork. but the terms buried in the agreement can turn a short-term loan into a long-term problem. hidden charges, excessive interest rates, and vague clauses are common across many platforms. the real cost of a loan app is not the rate

how to borrow money for a travel trip from friends and family

how to borrow money for a travel trip from friends and family

borrowing from friends and family is different from borrowing from a bank. money changes things. trust changes things. a loan that goes well can strengthen a relationship. one that goes poorly can create distance. this is about what to think about before asking, how to ask, and what to do