With December 2019 already here, the year 2020 is certainly not far away. It is thus time to refresh all your personal and business goals for the new year and plan out a strategy to achieve them. One certainly cannot decipher what is in store for the future, but if we don’t plan for it, […]
While individuals need funds to cater to various financial emergencies like catering to medical situations, wedding in the family or even sponsoring higher education for self or kids. The funds might also be required for things like buying a car. Similarly, businesses need funds to meet their day to day business requirements or to invest […]
Taxes are the way through which the government derives the money to run the country, help those who need, provide social welfare and work on several development schemes. Paying taxes is not just a legal necessity but also a duty of every citizen of the country who earns money. However, as the salaried professionals get […]
Collateral free loans are the loans which do not require any asset or property to be kept as security with the lender. The rate of interest is usually higher for these loans as the lender is at risk if the borrower defaults in the repayment of the loan. Thus to price the risk factor they […]
Anyone dealing with multiple loans often faces this dilemma of choosing which loan to close first. Running multiple loans can be burdensome. It is always advisable to pay off one loan first before beginning with other, however, if you have two loans simultaneously going on then one should strive for closing one as soon as […]
Home loans are a great way of fulfilling the dream of buying your own home. However, these loans usually come with long tenures and have a considerable rate of interest which the borrower is liable to pay. This long term commitment with the bank can be burdensome for many. To ease their loan burden, people […]
Everyone dreams of having a home which they can call their own. However, with the property rates shooting and touching the sky, it becomes rather difficult to buy a home. Buying a house requires a considerable amount of money which one may not have as savings. While one has the option to go for a […]
After careful examining and study, RBI has not been satisfied with the present lending rates of banks under the present MCLR framework and henceforth defined changes in the transmission of policy rates. RBI has therefore made it mandatory for the banks to link the new floating rate on personal and retail loans to MSMEs to […]
With convenience, comes the responsibility too. Aadhar card is one unique document which contains key biometric information like fingerprints and iris scan and KYC details of the individuals. With it applicable all over, there is no need of using any other identification documents like PAN card, driving license etc. However, it is very important to […]
In a recent development, the Reserve Bank of India stated that October 1, 2019, onwards, any loan be it a personal loan, housing loan or even an auto loan will now be integrated to one of the 4 external benchmarks stated by the RBI. Vide a circular issued by the Reserve Bank dated September 4, […]
