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Buying a first home can be nerve-racking. It is because the process is difficult to deal. And what makes it that? At the top of the list is getting a home loan and setting the interest rates to purchase your dream property. While the advertisements are quite glossy but the process is painful, as any …

Once in a lifetime almost all of us come across financial crisis and it’s not necessary that we have a handful of cash to cover the expenses. There are situations when we are not left with any other option except borrowing. Such situation can arise when you have calculated and will be earning more with …

Banks-Loan-Collection-Process-A-Detail-Understanding

Retail banking is a highly competitive environment, every bank/ nbfc/ financial institution is more focused on its growth in business by not only the new acquisition of customers but as well in the retention of existing customers, expansion and increase in market share. Bank/ NBFC/ Financial institutions have to control the rising negligence of the …

In the financial sector an underwriter is an important entity that helps the companies to introduce the future risks, analyzes, assumes and evaluate the information provided by the borrower to understand and assess the minimum loan criteria.A credit manager is a qualified professional employed by the Bank/ NBFC to handle the credit department and make …

Here one can easily get confused with the word pillar being used for the financial industry. Basically financial industry is like a skyscraper building that needs support to stand still and work efficiently. The financial industry has many facets that require different specializations to work. But here, we are discussing financial industry in terms of …

Financial sector in India is a diversified sector which is growing day by day both in terms of new emerging entities and strong growth of existing financial servicing firms. The financial sector includes commercial banks, NBFC’s, insurance companies, co-operatives, pension funds and many other small financial companies. The financial sector in India mainly includes the …

Moving into our own house is nothing less than a dream come true. Home loan is our life’s biggest financial commitment, a way to create a lifetime asset and a way to transform your dreams into reality without making a hole in your savings. Even if the margin of error while the repayment of loan …

Mode-of-Repayment-for-a-Loan

Repayment The act of paying back the borrowed money to the lender is known as Repayment. Repayment is usually done in the form of periodic payments and each payment goes in favor of principal plus interest. Default in the repayments of the loan during the tenure due to any reason can cause an adverse effect …

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