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 …
If you are self-employed and require extra funds for your business, there are few options you can choose from. Usually, the fund is needed at the initial stage of the business, or when you would want to expand or do any additions to your business. Acquiring a business loan from banks may at times seem …
A credit card is a very important financial instrument which has been a great boon in out lives today. Nevertheless, its of vital importance to know how to use it responsibly. The trick is to use it smartly so that you can maximize your savings and utilize a truckload of its benefits. However, ask yourself …
Any business big or small requires easy access to finances for running smoothly. Most business owners have to rely on business and personal loans which comes with high interest rates to meet their short-term finance requirements. An overdraft facility offers a helping hand to owners with current accounts with good transaction history. Overdrafts have some …
Home loan is a financial solution acquired from a lender by handing over your property as collateral. In India the borrowing option entitles us to purchase a flat, plot, or property by pledging it. Home loan can also be taken to make major renovations, repair, or constructing a house. These are high-value finance at low …
A credit score is a numeric summary of your entire credit history. It is put together by credit bureaus from the information provided by financial institutions and lenders. Credit score is the most essential factor in determining your credit worthiness and getting you the best interest rates. A good credit score means less interest on …
A certain sum of amount which the borrower deposits initially, to either the bank or a non-banking finance company from whom they are trying to obtain a home loan is called as the Margin money. Lenders treat the contribution of The margin money for a home loan from a borrower is accepted as a sign …
Even if you have been smart and sensible and made your savings for eventualities, sometimes the reality turns out to be very different than the plans. It leaves you with no other option than to borrow money for the situation.Generally, for such eventualities, one would opt for a personal loan. But what will happen if …