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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 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 …

What are the common uses for Personal Loan-(A)

Whether your personal loan is unsecured or unsecured, it is a source of financing that can be used for virtually anything from debt consolidation to home renovation. For personal loans, the lender gives you a lump sum that you pay with interest in fixed installments, usually between 12 and 60 months. Refinancing credit card debt …

How is SIP is better than other traditional investment options-(A)

What is SIP and its advantages? A systematic investment plan is commonly known as a SIP. In this plan, you can regularly invest a fixed amount in your preferred mutual fund system. A fixed amount is debited from your savings account each month. This amount is then invested in a mutual fund of your choice. …

Car Insurance Tips - (A)

Due to the controversial nature of our company and rising vehicle prices, auto insurance prices are increasing across the country. The bad news is that the price of insurance is unlikely to drop anytime soon. The good news is that there are steps you can take to minimize spikes or reduce the strain on your …

Important Aspects of Nominating for Life Insurance - (A)

Due to the focus on increasing FDI in the insurance sector, an important aspect of the Insurance Amendment Act of 2015 went unnoticed. This clause makes it easier for the relatives of the insured to claim the insurance product once the insured is discharged. This clause avoids the possibility of disagreement between family members on …

Personal Accident Insurance must to cover Uncertain life-(1)

Accidents are very common these days. Whether it’s a simple fracture, a serious burn, or a car accident, serious physical disabilities can arise. When accidents do occur, there are significant costs to treatment and recovery. Also, in the event of permanent disability or death, you will lose the ability to work and lose income. While …

Pre Existing Diseases Increase Health Insurance Premiums - (A)

Existing illnesses are those suffered by the insured when contracting new medical insurance. The IRDAI defines pre-existing illness as a) any condition, illness, injury, or ailment diagnosed by a physician in the 48 months prior to the effective date of the policy issued by the insurer or its reimbursement; or b) for those within A …

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