Use Balance Transfer to Trim your Loan EMI

Do you possess a loan whose EMI has been going on for ages? Have you been too occupied earning money only to pay it all in loan installments? Have you given up on finding a way out for this vicious EMI circle? Then you surely need to go through the remaining article to know how to get out of this terrible cycle. Balance transfer is an effective tool to make you pay smaller EMIs and hence save money. What is balance transfer? Balance transfer is the process of paying off one loan by availing another loan at a cheaper rate and...

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Best Tax Benefits on Pre EMI

If you’re considering a home loan, you probably already know that you’ll be repaying it in the form of Equated Monthly Instalments (EMIs). There are two ways of paying off EMIs, Pre-EMI and Full-EMI.  Pre-EMI options make sense if: -      The home you’re investing in is still under construction. -      You wish to sell the flat/house/villa as soon as the construction is completed...

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New Gold Loan Might be a Game Changer

A new loan in the market is turning heads and could set a new trend in loans against gold in the market. Kerala Fashion Jewellery (KFJ) has introduced an innovative scheme called the GL Plus loan. The way this loan works could help solve a few problems that the jewellers have been facing. At the same time, customers stand to benefit from this scheme. What happened earlier A couple of years back, the Central Government levied restrictions on gold imports. This led to a shortage of gold supply in India. Jewellers resorted to providing incentives...

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7 Things to do before Applying for a Personal Loan

Applying for a bank loan can be a daunting experience. The never-ending paperwork, contradicting documentation process, uncompromising verification and approvals can make you nervous during a financial crisis. However, planning in advance and knowing what you are getting into can save you a lot of time. Here are 7 things you should know to make your loan process hassle free. 1. Check your Credit Scores  Banks sanction personal loans based on your credit history. If you haven’t missed paying your bills on time, you don’t have to worry about...

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Is your start up not starting up?

You’ve got the idea to make billions but you need to get the ball rolling! You’ve conceptualized, written down, and clearly detailed your entire business plan on paper – and are just waiting for the funds to get started. I know I’m describing you, you young entrepreneur. Many of the richest and most successful people on Earth started off broke in funds but rich in ideas and enthusiasm. Funds honestly aren’t that difficult to come by these days in India. There are angel investors, venture capitalists, rich uncles, and even secured loans. All...

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Home Improvement Loan Application Process

Owning a home is an experience of its own. After years of hard work & sound planning, we invest in a house to secure the future of our loved ones. After all, it's one of the basic necessities in life, isn’t it? Having a home that we can call our own has multiple benefits. It not only provides shelter, but also acts as an investment apparatus. Home improvement such as renovation, furnishing, repainting are some of the activities which are a part of living in a house. Some aspects of the house need periodic maintenance in order to keep them...

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Check List – Eligibility criteria for a Personal Loan

Money rules the roost in our world and financial emergencies can arrive at our doorstep at any moment, putting us in a quandary. The extent of these financial requirements can alter the course of our live, throwing our plans out of gear, typically backing us into a corner. Now, like most other problems, financial situations can also be handled, thanks to a number of products offered by banks and NBFCs. Choosing the right tool is critical to combat such issues, with a personal loan being the best bet to suppress immediate financial emergencies. Growing...

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How to get Personal Loans against Fixed Deposits

Many top banks offer their customers personal loans against fixed deposits. One of the main advantages of acquiring personal loans against fixed deposits is that the interest rates offered are comparatively lower compared to stand alone personal loans as the former is secured against deposits. It is important to note that loan seekers can avail of personal loans to fulfill their financial requirements without liquidating their fixed deposits. Features of personal loans against fixed deposits Some of the salient features of personal loans against...

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Loans she can take, for her business

With start-ups mushrooming across the country, women entrepreneurs are not left behind. Today, women have a ray of hope when it comes to financing their dream. In order to promote entrepreneurship among women, many commercial and nationalized banks are willing to provide women entrepreneurs with finance for their businesses. Whether it is setting up a beauty parlour, restaurant, bakery, food catering, tailoring unit, etc., banks are very eager to provide women with finance to turn their aspirations to start a business into a reality. The kinds...

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