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What composite home loan? The composite home loan is a loan drawn out by banks and financial institutions to buy or procure a plot of land for constructing a house on it within a given time frame. You can call it a combination of the plot loan and construction loan. Here the cost of both …
Funded Loan Facility Funded facilities are the loan where the bank or other financial institution allocates or issues capital in the form of loans, insurance, credit cards, or real cash (not a commitment) to their client. Bank overdraft, Overnight lending facility, Project Financing, Cash Finance, Running Finance, Financing against Defence saving certificates or other marketable …
A Loan Sanction letter is issued by a Bank or a Non-banking financial institution to a borrower or applicant who has applied for a loan. This letter validates that the applicant is eligible to avail of a certain amount of loan from its lender bank or the financial institution subject to them complying to some …
Credit cards has been a very beneficial asset if handled with care, but it can also prove to be damaging if you become careless while using it. Today let us look into late credit card repayment and the impact that late credit card repayments. So why are people behindhand on credit card repayments? Some of …
Debt consolidation is a form of refinancing, where you combine several loans and liabilities into one loan. Practically, multiple debts are combined into a single, larger debt, usually with more favorable payoff terms. A payoff term is considered beneficial if it has a lower interest rate, lower monthly payment or both. Consumers can compile various …
Repaying your loan’s EMIs promptly reflects positively on your creditworthiness. You can talk with your bank or the financial institution, and schedule the EMI payment dates when you would be most comfortable and have sufficient funds in your account. Usually, the lenders fix the date closer to the date of receiving the salary. This helps …