Buying your own home is one of the most crucial financial decisions you will ever take. As a property purchaser, you are most likely to avail a home loan. You don’t want... Read more »
An installment loan allows regular people to make bigger purchases over time. These loans can definitely come in handy while considering things like home buying, upgrading a car or continuing higher education.... Read more »
Are you faced with a financial emergency? Are you looking for the right funding option? Well, the two most attractive funding options that best fit your financial need are top-up loans and... Read more »
There comes a time in almost everyone’s life when the need for having access to more money than they have arises. Most people do consider taking a loan, but that’s not to... Read more »
Have you ever been to a bank for a personal loan and got rejected because your credit score was low? Yeah, we get you! Credit Score is a 3-digit number on which... Read more »
A credit score helps to determine the level of creditworthiness of a person. Knowing your credit score is very beneficial for the lenders to determine whether you are eligible for a loan,... Read more »
Your Home Loan Can Be Rejected On These Five Grounds Buying one’s own house is many people’s dream. After all, buying a house is perhaps the costliest and therefore, the most important... Read more »
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... Read more »
Today, it is very important to understand how banks and other financial institutions calculate the interest rate on a loan before going to apply for the same. Well to describe it simply,... Read more »
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... Read more »
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... Read more »
Major lenders like HDFC, PNB Housing Finance have raised their home loan ratios by up to 20 basis points (bps) and 25 bps respectively. This move has made home loan rates more... Read more »
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... Read more »
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... Read more »
CIBIL is India’s credit rating agency. It monitors individuals and companies’ financial health by scoring them on a scale. The marks given on this scale determine and individual or company’s credit worthiness.... Read more »
A loan is the amount of money given by banks and other financial institutions with an expected payback along with interest levied on it.
Some of the loans that are doing the rounds of the market include Home Loan, Auto Loan, Personal Loan, Education Loan, Credit Card loans, loans against fixed deposit, loans against Insurance schemes, loans against Mutual Funds and Shares.
The purpose of lending loans is to facilitate people to fulfil their needs without actually facing a financial crisis, or a financial crunch, plan their finances well and maintain liquidity at the same time.
For availing any kind of loan, you need to fulfil eligibility criteria associated to that loan. Some common eligibility criteria are associated with your income, occupation, age, your capacity to pay back the loan, and place of residence.