Loans before the COVID-19 pandemic Since the financial year of 2016, retail loans were the holy grail for most major banks to augment their loan books. These loans include both personal loans and business loans. By reason, the loan segment saw a rapid growth of 18% between September 2018 and September 2019. At the cusp […]
The Covid-19 pandemic has had an effect on everybody’s lives and organizations over the world are battling to remain above water. Be that as it may, the pandemic won’t prop up until the end of time. Unavoidably, this will all end. The ‘new ordinary’ will obscure away, and we’ll come back to our standard thing. […]
It is a budgetary instrument that permits a borrower to overdraw any desired money from his/her allotted overdraft limit in bank account by the lender( banks or NBFCs) up to a concurred limit, wherein a borrower is liable to pay monthly interest only on the withdrawal amount from his limit and not his/her entire limit […]
Top 10 banks that offer personal loans in India The following banks offer great interest rates, considerable tenure, and a reasonable loan amount. Make sure you choose the right bank to avail maximum benefit. 1. HDFC Personal Loans The HDFC Personal loan is affordable and fetching. The interest rates range from 11.25 to 17.50 percent per […]
Loans Against Property for MSME (2020) The latest move by RBI of removing risk weight from loans against property will leave the banks with more capital to lend. This is important for those hit by the pandemic. Riskier assets have a higher risk of weight. This means that the asset will have a lower value. […]
Start with filing an application This form is available on the online portals of financing institutions. You must fill all the personal details very carefully. Fill your name, age, working organization, address, and contact details without an error. Application is the first step in the processing of the loan. The authorities must pass this application […]
Home loan Refinance refers to transferring your existing home loan to some other financial institution such as any other bank or NBFC or housing finance company for majorly two important purposes. This include reducing the current rate of interest and hence EMI ,or to get topup on your existing home loan for any further home […]
Unique tricks to Pay off your Home Loan: Strategically make partial prepayments: Take a closer view of your monetary plans before thinking that you have to pay off the home loan. You can also think about refinancing your home loan. Refinancing will lower home loan interest rate and reduce the option for repayment. Make sure […]
Personal loan for Homemakers The times have changed. People have become more educated and have realised the importance of being self sufficient and independent. Todays homemakers are not just restricted to household chores. This preconceived notion has been washed off with the passage of time. Homemakers are now finding ways to lead an independent lives. […]
Easily avail a personal loan based on CIBIL score Personal loans are easily available. When you plan a great and expensive trip, you can borrow money with a personal loan. Having a good CIBIL score helps you to avail a personal loan at ease. You undergo a minimum documentation process. You can apply for a personal loan to […]
