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Repo Rate Funding vs MCLR based Funding by Banks - (A)

The Reserve Bank of India (RBI) introduced the Marginal Borrowing Rate (MCLR) on April 1, 2016, to offset the base rate, which was the benchmark rate for everyone at the time. of commercial banks. However, the banks’ delay in passing on the benefits of low repurchase rates to clients under the MCLR program prompted the …

Investing for Retirement The Complete Guid 1

There are several steps in planning for retirement, and the ultimate goal is to have enough money to stop working and do whatever you want. Our goal with this retirement planning guide is to help you achieve that goal. Step 1: Know when to start planning for retirement When should you start planning for retirement? …

Legal Documents which Bank-NBFC consider to create a Mortgage-(A)

In order to obtain a mortgage loan, the applicant must present a series of documents related to his KYC, history of the property he wishes to buy, income, etc., depending on the category of the client (employee / self-employed / merchant / NRI). The required documents vary from bank to bank. Below are some lists …

Importance of Repayment Tenure in Loans 1

When you get a loan, you must repay it to the lender within a certain period of time. The repayment includes both principal and interest from a predefined number of monthly payments. Simply put, repaying the loan through a series of scheduled payments, commonly known as EMI, that includes both the principal amount outstanding and …

How to Make a Budget-(A)

Every year a good financial plan starts with a solid budget. Whether you’re looking to pay your bills or save for a dream vacation, budgeting is your first step in reaching your financial goals. Follow these steps to establish a realistic budget. DETERMINE YOUR INCOME Start with the amount of money you make after taxes …

How can a Credit Builder Loan be a help to increasing your Credit Score -(1)

Trying to get credit can be challenging. This is especially true if you have no credit or bad credit and cannot get credit. Your previous payments history is one of the most important parts of your credit history. Failure to obtain permission to borrow will not allow you to improve your score and show that …

Personal Loans Tips_How to get the best loan rate for you-(A)

Personal loans are one of the most viable ways to meet your sudden financial needs. The amount guaranteed by this type of loan can be used for various purposes. This includes paying for tuition, wedding expenses, vacations, and even coverage for medical emergencies. Helps you make rush payments with ease. Personal loans also pay off …

Secured vs Unsecured Loans

While some people go for a cash-only lifestyle, most of us rely on credit to pay for the high cost of living over time. If you’re looking to buy an expensive item like a house or car, start or expand a business, remodel a kitchen, or pay for a college education, you can apply for …

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