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Personal loans are like a sigh of relief in the times of need. After all it helps when you don’t have any money stacked in your savings, even when your friends or family are unable to help you. We are not left with any other option except than borrowing. Personal loan lends us money without …
In finance industry Amortization is referred in two ways. Both refers towards the regular payments for a period of time. In English, generally mortem means “to kill”. it wont be wrong if we say that amortization refers to killing off the loan. Amortization refers to the repayment of secured loans with a fixed repayment schedule …
It is important to check while finalizing the Bank/NBFC who is giving an affordable interest rate as per the requirement of the borrower. One has to be cautious in not only understanding the EMI amount but also the mode of its calculation. EMI can be calculated by Fixed Rate Method, Floating Rate Method and Reducing …
It is important to remember that the interest rates do not change themselves. There are always certain situations like economic information on consumer spending or may be business inventories. There is no one person or organization that set the standards for thousands of nationalized and private banks. There is no one person to determine what …
An interest is the amount due over the period for the amount lent, borrowed or deposited. An interest amount depends on the principal amount, rate, compounding frequency and the time for which the amount is being lent, deposited or borrowed. An extra amount that a lender charges over the principal amount is normally expressed as …
In an ideal situation, everybody wants money for all his needs. But, in reality many of us have very less options available. Either one has to compromise or borrow to meet our basic needs or desires. Its a great opportunity for Banks/ NBFC’s to fill the gap between the reality and the aspirations. They know …
Loan Officer/ Credit Manager/ Underwriter plays a crucial role to balance the information and the risks involved in loan sanctioning process. Small & private firms which are opaque and non transparent face a lot of difficulties to analyze the risk. To improve the accuracy, screening and monitoring the potential borrower Personal Discussion works as a …
These days no doubt to get a loan is very easy process. But still money lending by Banks/ NBFC’s involves a risk. With this situation, when someone says that a loan without documents is available. The question arises that without financial reports, salary slips or the ITR’s how can money lending is possible? Is it …