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Generally, secured loans offer better terms and clauses than unsecured loans. With secured loans, borrowers can get lower interest rates and longer loan periods, as they can provide collateral, which makes the loan a more secure investment for the lender. Definition of Collateral Collateral describes assets or personal estate, land or house that one can …
Small business to requires finances to keep operating which can be acquired in the form of a business loan. The most frequently availed form of financing for small business is debt financing. Debt financing is funds borrowed from a lender at a fixed or floating rate of interest, for a predetermined time period. With debt …
The Reverse Mortgage Loan was launched in India in 2007 to enhance and help the life of senior citizens who owned personal property. This was a measure to entitle them to fulfill their daily expenses related to basic sustenance like food, medicine, maintaining their house, etc. Reverse mortgage loan comes as a savior when most people after …
A personal loan is of great assistance in case of any urgent financial requirement. It is an unsecured financial instrument with a high-interest rate, in comparison to a secured loan. Is it is available at a high rate of interest, paying it back for a longer tenure can cost you a great deal? If you …
Gratuity is a lump sum amount paid to the employees by their employer if they have worked in a company for more than 5 years. The gratuity is defined as a benefit plan and is one of the major after-job perks received from an employer. Features of Gratuity – A person is eligible to collect …
Buying your own home is a dream for most of us. For that one has to avail of a home loan, which becomes one of the biggest financial commitments and needs proper financial planning. Proper financial planning makes it essential to organize your finances so that the loan EMIs is paid on time without default …