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Things to Consider When Selling a Car (1)

You may have thought about it several times, but dropping an old car is never easy. After all, the car left you with wonderful memories. Also, selling a car is not easy either. There are so many processes and protocols to consider. There are no shortcuts to selling an old car. Here are some things …

Vehicle Number Plate Rules In India - (A)

If you are looking to buy a new vehicle or have already purchased one, you should follow this information. The Union government has changed the rules for license plates. If you don’t know the new rules, you can break them and issue a challan against them. After that, you have to pay the fine. The …

Indian Pension System- Social Security for Elders-(A)

Social security for the elderly (aged 60 and over) remains a major concern this season for several reasons. Older people with low pensions or limited capital income have traditionally increased their income through odd part-time jobs that involved leaving their homes and traveling. Now that movement restrictions for older people are likely to be in …

How an advance affects your credit rating and Alternatives to credit card advances-[A]

As with any form of a loan, an advance can affect your credit rating.  A cash advance from a credit card does not show up as a separate item on your credit report, but it can affect your creditworthiness if your credit usage exceeds 30.% Credit utilization is the amount of debt you currently have …

What is Home Loan Insurance and what are it's pros and cons_- [1]

What is mortgage insurance? A home loan insurance plan is a plan in which the insurer pays the outstanding mortgage amount with the lender or the bank in the event of an unforeseen situation.  Some of the comprehensive mortgage loan insurance policies cover the applicant, the home, and all of its contents.  The premium paid …

Things to know before signing on as a guarantor for home loan

Obviously, mortgage lenders have a long list of conditions that borrowers must meet to be eligible for a loan. Sometimes there are cases where an individual borrower, even if he meets the eligibility criteria for the home loan, may ask the guarantor to sign the loan document. For more information on these cases and the …

Home Loan Balance Transfer-[A]

Mortgage loan transfer helps you lower your EMI by transferring your current loan from other financial institutions to an institution that offers a lower interest rate. Transferring or refinancing the mortgage loan or directly transferring the credit is the process by which you can benefit from the lower interest rate of the other lender. If …

Business loan without collateral security-[A]

Most banks and NBFCs offer unsecured business loans where the borrower is not supposed to provide any collateral or guarantee. However, it becomes difficult for some borrowers because few financial institutions require collateral in the form of goods, commodities, stocks, machinery, or equipment for certain loans related to business operations. Borrowers prefer an unsecured business …

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