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Repayment The act of paying back the borrowed money to the lender is known as Repayment. Repayment is usually done in the form of periodic payments and each payment goes in favor of principal plus interest. Default in the repayments of the loan during the tenure due to any reason can cause an adverse effect …
The Banks/ NBFC’s fund for our lifetime dreams of owning a house. The immense pleasure of fulfilling our dreams comes with a responsibility of repaying the same in the next few years without any default. Any defaults in the repayment of loan can lead your credit score in bad shape and further stop you to …
Conflict only adds tensions and anxiety. It is always better to find ways to discuss and an alternative that benefits all. Negotiation is a conversation between two people looking for a solution for both the parties. Negotiating or compromising is never about losing or winning or getting the upper hand over the other. It is …
In our day to day life we come across with different emergencies for which fund is required. For funding such emergencies we opt for loans. These loans can be secured or unsecured loans. But what if number of loans increase day by day..? These loans can be related to medical, credit cards, personal loans etc. …
Whether anyone love or hate it, these days loans are an integral part of modern life. Borrowing a loan or a credit card is not a bad thing, but to use it wisely is important. Misused or mismanaged debts can head down a long spiral and bring you down too. Different loans are like tools …
Life is long journey and there can be a need of funds at any point of time. Funds can be generated through various ways. Borrowing a loan from a Bank/ NBFC is safest among all. Buying a house or mortgaging an asset for the arrangement of funds for any reason. To spend for the fulfilment …
It is always better to be prepared and do homework before entering a financial transaction or making a strong move towards a purchase. Before borrowing it is always advantageous to know more about the cost of borrowing. The concept of loan is very much straight forward. The borrowed amount has to be repaid within a …
In Financial Industry, a loan is about lending money from one entity to another entity. A loan is a debt provided by an organization or an individual at an interest rate. This is evidenced by agreed terms and conditions that specify the borrowed amount, interest rate and the repayment date. These days all the Banks/ …