Buying a four-wheeler is an asset and a priceless possession for all families. They consider it an honour and celebrate the grand occasion. With so many diverse models and features available, it becomes challenging to choose the perfect vehicle. Your life and asset are precious, and you need to protect them.
Nobody can predict unfortunate events, especially while driving. While you maintain safety, there is no guarantee that others are. Hence, the Indian Government made it mandatory…Continue
Added by Kanika Shelatkar on September 15, 2021 at 2:55am — No Comments
Mutual Fund Investments can be done by investors in two ways - through SIP or Lump sum. Depending on one’s source and frequency of income, they can choose the method they want to opt for investment of their savings in mutual funds.
Sometime investors are confused between lump sum and SIP and thus they search for lump sum SIP calculator to plan their investments.
What is lumpsum calculator?
A lumpsum calculator help the investor estimate the returns on a lumpsum or one-time…
Added by Kanika Shelatkar on August 27, 2021 at 6:30am — No Comments
When you decide to buy a house, it is like achieving a milestone. But your savings solely cannot land you with the best deal in the market. You would need to apply for a home loan. Now, the house loan interest rates are low. Besides, a good credit score and repayment capacity could land you with the best and lowest rates. But before you decide to apply for one, there are some things you should include:
The loan amount approved depends on your home loan eligibility, like income, credit…Continue
Added by Kanika Shelatkar on August 16, 2021 at 10:00am — No Comments
Property prices have increased and hence, you need to apply for Home Loans. It has become a global phenomenon. However, before you venture into that territory, understand the nature of such loans and how they work. Here are some facts that every borrower must be aware of:
You have the option of going for a Home Loan with one of the two Home Loan Interest Rates: floating or fixed. Interest rates on the former fluctuate according to market conditions, while on the latter, you pay a…Continue
Added by Kanika Shelatkar on August 16, 2021 at 8:40am — No Comments
Owning a house in India is like achieving a life goal. It offers safety and protects you and your family from danger. You are independent without compromising on your priorities. You get the freedom to lead a carefree life. There are lesser liabilities and worries when you have shelter under your name. A Home Loan is a popular financial product in India offered by banks and other financial institutes to help fulfil your desires.
One of the solutions to ensure quick disbursal is to…Continue
Added by Kanika Shelatkar on August 16, 2021 at 8:02am — No Comments
The education system in India is intense. Numerous universities offer degrees and diplomas in a range of courses and specialisations. Our country is also the education hub for students worldwide. Nowadays, you require new-age funding options that provide the benefits of quick sanctioning and processing.
An Education Loan is the cost of studies borne by a bank or financial institution to students who wish to undertake professional degrees or courses from India and abroad. They cover…Continue
Added by Kanika Shelatkar on August 16, 2021 at 7:06am — No Comments
No matter the loan type you apply for, banks and other financial institutes need to make sure they can repay them. For confirming the repayment capacity, lenders ask you to submit some documents right from salary slips to bank statements to Income Tax Returns. They also consider the credit score. This is a three-figure number that helps lenders understand how often you borrow the sum and whether you repay frequently.
Credit ratings are essential primarily when you apply for Home Loan.…Continue
Added by Kanika Shelatkar on August 16, 2021 at 6:17am — No Comments
Net banking facilities are used for different purposes. For example, when you make Mutual Fund payments, one creates a Systematic Investment Plan and add the fund company as the biller. These payments must also be set up to get paid regularly, allowing for constant and regular savings.
Most banks offer mobile banking apps that you must download and use on the go. Access your Savings Account anywhere, anytime, check account activity, receive e-statements, keep track of your account…Continue
Added by Kanika Shelatkar on August 16, 2021 at 4:11am — No Comments
Employment is one of the goals to achieve. It gives financial stability and guarantees a secure future. The NDA government launched the Micro Units Development and Refinance Agency under the Pradhan Mantri MUDRA Yojana on April 8,s 2015, including a corpus of Rs. 20,000 crore to refinance and develop micro units across the country.
The purpose of the MUDRA Loan is to extend funding to the non-corporate small business sectors of India. It aims to encourage small businesses, primarily…Continue
Added by Kanika Shelatkar on August 16, 2021 at 2:06am — No Comments
There are times when you need funds for emergencies or for fulfilling your personal goals. It is during such times you avail of Personal Loans. The most popular product offered by banks and other financial institutes is loans. You can apply them for tenures up to five years and repay them in equated monthly instalments. Nowadays, lenders offer these loans online as well with minimal documentation.
Following are the quick and easiest steps to apply for Personal Loan…Continue
Added by Kanika Shelatkar on August 16, 2021 at 12:57am — No Comments
The Indian Prime Minister, Narendra Modi, launched several schemes aimed at people of different income groups, particularly those in the middle- and lower-income groups. The Pradhan Mantri Jan Dhan Yojana or PMJDY is the most popular scheme of the different ones. But what is it about?
The PMJDY, launched in August 2014, is a saving scheme to ensure that every Indian citizen can hold a Savings Account and gain a sense of…
Added by Kanika Shelatkar on August 13, 2021 at 9:37am — No Comments
In today’s digital age, most banks and non-banking financial companies quickly sanction Personal Loans. However, as a borrower, you need to do your due diligence before applying for one. You must make sure you are eligible for the loan and check the equated monthly instalments payable against it. The latter gets done with the Personal Loan EMI calculator. Here is how you should use the tool and things to consider while…Continue
Added by Kanika Shelatkar on August 13, 2021 at 8:35am — No Comments
A few years ago, the Narendra Modi-led Indian Government and the Ministry of Finance launched the 'Beti Bachao Beti Padhao' initiative to educate and empower the girl child. Echoing this campaign, the Government launched a futuristic scheme helping the girl child receive proper education and financial independence. Introduced in 2015, the Sukanya Samriddhi Yojana has become popular owing to the…Continue
Added by Kanika Shelatkar on August 13, 2021 at 7:40am — No Comments
You have a wide range of personal and professional commitments to meet once you start working. Dropping your kids off at school, meeting office deadlines, on-site visits and meetings with clients, grocery shopping, and so on. The task list is unending, leaving you with little or no time to visit a bank branch to access your Savings Account.
With the introduction of the internet, however, banks have gone online, allowing for more convenient and hassle-free banking operations. The…Continue
Added by Kanika Shelatkar on August 13, 2021 at 7:27am — No Comments
Boosting savings is an aim for many, whether it is a down payment for Home Loans, retirement, or any other reason. When we talk about budgeting, the first goal is to save for an emergency fund. Make saving a year-round habit that you can look after regularly. Do not put off starting and growing your Savings Account because it is a life skill that everyone should learn. Following are…Continue
Added by Kanika Shelatkar on August 13, 2021 at 7:24am — No Comments
The technology has covered leaps and bounds today. It has also opened up a gamut of opportunities for working individuals. There is an increase in non-resident Indians. If you are one of them, you still have ways to connect with your home country. Banks offer several products to facilitate that.
They also provide an NRI Home Loan to assist in buying property in India. The application process for the same is simple, with minimal criteria. But remember some aspects to make the most of…Continue
Added by Kanika Shelatkar on August 12, 2021 at 10:33am — No Comments
Banks in India offer different credit facilities for financial assistance. A Home Loan is one such product that lets you fund your housing. It acts as the helping hand when you cannot buy property in one go. It is a convenient option that enables you to repay in equated monthly instalments. However, it is a huge financial responsibility. This continues for decades.
The way to go about it is to plan before applying. This way, you get to gauge your repayment capacity and proceed…Continue
Added by Kanika Shelatkar on August 12, 2021 at 10:18am — No Comments
Getting a Home Loan for financing your new house is an exciting prospect. It lets you fulfil your aspiration earlier than anticipated. It is also practical to optimally use your earnings. The equated monthly instalments are manageable with the regular paychecks. But being young also comes with other needs.
A higher EMI restricts your disposable income for them. Hence, it is essential to ensure you reduce it before you apply. Compare and choose the appropriate lender for the same. For…Continue
Added by Kanika Shelatkar on August 12, 2021 at 9:56am — No Comments
Owning an automobile is a matter of pride and necessity in India. Many opt for it even if their finances fall short through Car Loans. Lenders also allow repayment in equated monthly instalments for convenience. But the one mistake most buyers make is reducing EMIs by stretching the tenure.
It seems like the best option considering the reduced monthly burden. But you end up making more in the process. The Car Loan interest rates get influenced by the tenure you choose. The shorter the…Continue
Added by Kanika Shelatkar on August 12, 2021 at 8:58am — No Comments
Housing is a necessity for everyone, whether they are rich or poor. It helps you feel secure in all situations and empowers you to lead an independent life. You avoid paying rent to landlords and homeowners for occupying their flats. When the Indian Government is focusing on Housing for All, why go elsewhere?
The Pradhan Mantri Awas Yojana initiative launched in June 2015 aims at providing…Continue
Added by Kanika Shelatkar on August 9, 2021 at 2:00am — No Comments