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    Maneet Anand

    Personal Loans can be used for a variety of reasons, including but not limited to: unexpected expenses (medical emergencies, vehicle repairs, emergency travel, etc.), credit card debt consolidation (credit cards can have much higher interest rates than personal loans), and large one-time expenses (weddings, home remodeling, etc.).

    They're a great resource for getting cash fast. But they can also ruin your credit if handled irresponsibly.  

    Due to their potentially high interest rates, it would be unwise to use an unsecured loan for a discretionary purchase like a vacation or shopping spree. Since personal loans aren't secured by any collateral, there's a greater risk involved for lenders.

    Lenders will likely require a credit check to understand how you’ve previously handled debt, and usually ask for a general explanation of how you’ll use the money.

    Typically, the loan will have a fixed rate and term, meaning the amount that you will pay per payment interval--each month, generally--does not change, and there is a set window of time in which you have to repay your debt before facing any penalties.

    So, the best institution to borrow personal loan would be the one that suits your needs, taking into account your personal financial scenario and reason for borrowing.

    However, in general, a financial institution with easy terms, which is not too stuck on the credit check, and gives you the benefit of the doubt, making it affordable and easy to repay for you, is the best institution to borrow from.

    At Stilt, we offer you all this and much more, at affordable rates of interest, without a cosigner. Hence, Stilt is the best institution to borrow from, for people on F1, OPT, H1B, H4, L1, O1, TL, J1, DACA.

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