Loan

Your Home Loan Can Be Rejected On These Five Grounds

Home Loan Rejection

Buying one’s own house is many people’s dream. After all, buying a house is perhaps the costliest and therefore, the most important decision one can make in his/her life. There will or probably has come a time when you tried to turn that dream into reality. You scouted for a nice home, found one and then thought of buying it. …

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MoneyTap Loans vs Traditional Personal Loans

Personal Loans

The rise of investments in the personal lending industry led to rapid digitisation, encouraging the growth and development of the personal loaning industry. This in turn gave rise to a new breed of personal lending institutions, ‘FinTech’ based personal loan services which means you can now apply for personal loans from the comfort of your home. This increased reach marked …

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Pros and Cons of Payday Loans

Payday loans have pros and cons; most people do not think about these as they just go out and get a payday loan. New borrowers should understand what they are getting into when the take out a payday loan. This article is for everyone who wants to try a payday loan. Payday loans are so popular that you can find …

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Latest SBI Interest Rates On Car, Home and Education Loans

SBI interest rates (from home loan to education loan) are currently based on a one-year marginal cost of funds-based lending rate (MCLR) of 8.15%, according to the bank’s website. MCLR is the minimum lending rate below which a bank cannot lend. SBI offers loan schemes such as auto loan, and education loan based on its MCLR. Different loans are applicable …

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SBI Home Loan Interest Rate Increased

SBI home loan interest rate has been increased by 5 basis points recently. This is due to the increased marginal cost of funds-based lending rates (MCLR) by up to 25 basis points (bps). The State Bank of India (SBI), has hiked its base rate (BR) and benchmark prime lending rate (BPLR) by 5 bps. The hike came in effect from …

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Five Things To Consider Before Applying For A Home Loan

Home Loan Rejection

For must of us folks, having a house of our own is a big deal. It should be, after all, buying a house is perhaps the time when you most money in one go. So, not only is it a big deal but something you should be careful about. It’s not easy to be able to pay all the money you …

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Here’s Another Way You Can Take A Loan

Co-Borrower Loan

Are you unable to take a loan? Does the bank reject your loan application every time you apply for one? Then, here’s another way you can try going for a loan. You can apply for a co-borrower loan. In this type of loan, you will have to apply along with another person. The other person may be a friend or …

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These Are The Loan Repayment Options You Can Use

Loan Repayment Options

Going for a loan is not an easy task. It requires research, weighing of options and asking questions. One of these questions is about repayment of the loan you are about to take up. Repayment of a loan is a big question because it is a medium to long-term liability on you. Your loan will not get over with just a …

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6 Things To Remember While Closing Home Loan

Home Loan Rejection

While owning a house is a dream of most of us, not everyone is fortunate enough to have sufficient funds to buy it. Those who can’t arrange enough funds, rely on home loans from banks to fulfill that dream. Home loans enable people to buy their dream house and pay for it over a period of time through EMI’s. Many people …

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