DeciLoan · Guide
Personal loan review
Personal loans are usually short and fixed-rate, with higher rates — so charges and prepayment terms matter.
Check the effective cost
Processing fees and bundled insurance add to the cost. A flat-rate quote is more expensive than the same number on a reducing balance.
Foreclosure and part-payment
Fixed-rate personal loans often carry prepayment or foreclosure charges. Compare the interest you'd save with the charge before prepaying.
Order of repayment
If you have several loans, the one with the highest rate costs the most per rupee outstanding. Seeing all your loans together makes this clear.
DeciLoan provides informational, analytical and planning assistance. It does not guarantee lender decisions, loan approvals, interest-rate reductions or financial outcomes. Please verify important decisions with your lender or a qualified professional.