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Center approves PMAY (urban) construction of 3.61 Lakh Homes in 17 states - (A)

The center approved the construction of 3.61 lakh homes in 17 states and union territories under Pradhan mantri Awas Yojana (Urban), bringing the total number of sanctioned homes under the program to 1.14 crore, said the Ministry of Housing and urban development on November 24. A total of 3.61 lakhs of homes have been approved …

Mortgage of a decreased person_the joint debetor or the legal heir must reimburse the bannk

In the past 18 months, the COVID-19 pandemic has ruined the finances of many. A difficult situation in which the relatives of deceased relatives found themselves was when they discovered mortgage loans that the deceased was paying. If a borrower dies without having fully paid the loan, the obligation falls on the co-borrower or legal …

How Does Good & Bad Credit Score Affect Your Credit Profile - (A)

Your credit history tells you about your credit history. It is a mirror of his responsibility for his debts. Your credit history contains the history of your credit, credit cards, and credit accounts. When you opened it, how much money did you take and return on time? Your credit history is a consolidated record of …

Why is Calculating APR Crucial Before Taking a Loan - (A)

What was the first thing you thought about when you asked for a loan from a bank? Most people react to the interest rate! They assume that the bank with the lowest interest rate is your best option. But we are not telling you the whole truth in this communication. There are also other fees …

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 …

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 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 …

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