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It is advisable to take a personal loan to clear all your credit card dues and consolidate the debt at one point. It simply means lesser monthly obligation in the form of EMIs and also more savings. These loans can be obtained from Banks, NBFC's and also through the new kid on block, Peer-To-Peer platforms. Peer to Peer lending platforms are a relatively new medium for obtaining short term loans online. These are generally hassle free processing points and it is not necessary that personal loans will be given only to the best of the customers, subprime customers are also given loans. However, the obvious clause which gets attached is higher rate of interest and more verifications. Leading Peer-To-Peer lending platforms in India like LenDenClub provide quick and hassle-free personal loans which are approved on the same day and disbursed within 3 days.

Peer to peer (P2P) lending companies claim to provide loans at lower rates compared to banks. We ask the experts what impact this can have on the overall interest rate scenario in the country. Bhavin Patel, founder and CEO, LenDenClub The interest rate theory works on supply of money in the system and the risk associated with an investment. When the supply goes up, it brings in downward pressure on the banks to bring interest rates down. As it is now clear that RBI is regulating the P2P segment, many more lenders will be willing to be a part of P2P lending. This will bring in liquidity to P2P platforms, resulting in a reduction in the interest rate offered to borrowers. P2P loans are executed by arranging an electronic meeting of lenders and borrowers on the platform. If lenders have excess liquidity and start pushing higher amounts, they may ask for lesser yield. The impact could be a reduction of at least 1.5% over the next year on P2P platforms themselves. The other important aspect in determining interest rates is the risk associated with P2P loans. As these loans were not reported to any of the credit bureaus earlier, the chances of defaults were higher compared to similar retail loans. However, now, after the RBI regulations, the bureau reporting process will be started. This will make borrowers more concerned about timely payment of loans, bringing down the probability of default. This will reduce repayment risk, resulting in interest rates going down. Both of the above factors will act in favor of borrowers. However, it will take some time before we see the real impact of interest rate reduction.

Charbagh is located towards the South of Lucknow. The area is primarily known for Lucknow's largest railway station, the Charbagh Railway Station. Just like all the other regions of Lucknow, the area has a rich heritage and history. Charbagh is derived from a Persian term which means 'four gardens'. Just like the name, this area was developed as a large garden for the fourth Nawab of Awadh. With British rule and intervention, the area was developed into a railway station for better administration. Furthermore, Jawahar Lal Nehru and Mahatma Gandhi's first meeting also took place at this railway station in 1916. This makes the Charbagh Railway Station a site of great importance to Indian heritage and also holds exceptional value for the city of Lucknow. While the railway station accompanied by the beautiful botanical garden is the main attraction of Charbagh, there are also a number of hotels and residential places in the area, such as Lotus Apartments. The area also hosts several markets, such as the Shri Guru Nanak Market and Preet Market. The Charbagh Metro Station was also developed for ease of travel as a part of the red line of the Lucknow Metro. Besides this, the Lucknow City Hospital is also located in Charbagh. While Charbagh is an important area in Lucknow, arranging an ambulance for urgent medical needs may be challenging due to the heavy traffic in the area. However, MedCab can be contacted to meet urgent medical transportation needs at Charbagh, Lucknow.

Hazratganj is one of the main shopping areas in Lucknow, Uttar Pradesh. It has a wide range of shopping complexes, hotels, cafes, and bazaars. Hazratganj has one of the richest history in the entire city of Lucknow. It was initially developed as a market area in 1827 by Nawab Nasir-ud-Din Haidar Shah, and was simply introduced as the "Ganj market". With the British takeover of India, a lot of the old Mughal architecture of Hazratganj was demolished and replaced by British architecture. This is why the modern Hazratganj has a mix of Mughal and Victorian-style architecture. MedCab offers its critical ambulance care all across Hazratganj, Lucknow. Even today, Hazratganj is a bustling area in Lucknow. Continuing a 200-year tradition, it reflects Nawabi finesse, both in terms of food and the environmental experience of being in the area. Places of rich heritage, such as Bara Imambara and Rumi Darwaza are just a few minutes away from Hazratganj. For shopping, one of the most famous types of clothing is sold here known as 'chikan' clothing. The area also has two movie theatres featuring both Bollywood and Hollywood movies.