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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