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In Financial Industry, a loan is about lending money from one entity to another entity. A loan is a debt provided by an organization or an individual at an interest rate. This is evidenced by agreed terms and conditions that specify the borrowed amount, interest rate and the repayment date. These days all the Banks/ …
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 …
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 …
A situation for the arrangement of funds can arise at any point of time. The reason can either be buying a new house, a loan against property for any emergency, any education loan or a business loan. Once there is a strong reason to avail a loan, there are many lenders and brokers that can …
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 …
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 …
An initiative known as “Pradhanmantri Awaas Yojna” has been taken by our government to provide shelter in the form of subsidized houses to every individual on a very attractive interest rates. To finance affordable housing has been one of the key focus across the urban smaller cities and semi – rural areas. A tremendous growth …
Even when era changes, the fundamentals for being successful will always remain the same. A highly paid job, medical cover and an owned house is always described as a successful life. A big dream of owning a house is generally accomplished by either taking a home loan, constructing a house or buying an apartment. With …