• How To Avoid Being Burdened With High Emis?

    When opting for loan, there are various factors one would need to consider. Some of the important factors include interest rates, principle amount and even the repayment tenure. In addition to this, the applicant would also need to consider the EMI's. Equated monthly instalments also known as EMI's specifies the number of months you have to pay the sum of the interest and principal each month which contributes to repaying the borrowed loan amount. However, without proper planning and decision, an applicant would find himself burden with high EMI's till the end of the repayment tenure. Here are a few factors one can

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  • How to successfully start your business?

    Starting one's own business takes a lot of time and effort. There are a number of factors one needs to keep in mind during the planning stages. One of the biggest requirements of any new business is a source of finance. Purchasing land, machinery, labor, raw materials, etc requires a lot of money. The startup also requires money to continue working until the business starts earning profits. Since most startups do not have the financial capitals to sustain themselves, several financial institutions offer a variety of loans to small and medium businesses to meet their financial requirements. Some of the loans offered

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  • How to get a higher Mortgage Loan amount?

    There are a number of factors which a financial institution keeps in mind when considering an individual's loan application. Getting a higher mortgage loan amount is not easy the expectations of the financial institution from the applicant tend to be higher when it comes to their credit score, age, income, etc. Here are a few tips you can follow to get a higher mortgage loan amount from your financial institution:Improve your credit scoreOne of the best ways one can get a higher mortgage loan is by improving their credit score. An individual's credit score informs the financial institution about their spending habits,

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  • Is a Loan against Property cheaper than a Personal Loan?

    Loan against property is a type of mortgage loan which allows individuals to provide their own property as security when applying for a loan. A personal loan is a type of loan which financial institutions offer their customers with no requirement of security. The difference between a personal loan and a loan against property are:* In the case of loan against property, the individual is required to provide their property as security. This is required as it ensures that the applicant repays the loan on time. * A personal loan requires no security to be provided on the applicant's behalf.* Providing their own property

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  • Features of a Recurring Deposit you need to be aware of

    A recurring deposit is a type of term deposit in which the individual is required to deposit a fixed amount each month with the financial institution. This is considered to be an ideal option for individuals who wish to improve their savings. Keeping money aside each month as savings can be a difficult venture. However, with this type of a deposit, there is a guarantee that you will deposit the amount so as to ensure you get the interest offered. The features of a recurring deposit which every individual must be aware of before investing are:* The minimum period for which one can opt for such a deposit is six months. The

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  • How Does The Tenure And Interest Rate Of A Home Loan Affect Your Eligibility?

    Although the home loan will provide one with the financial assist to purchase a home, one would first need to consider the eligibility factors for the loan. A housing loan eligibility calculator is one way to ensure that an applicant know the factors that will contribute to the eligibility status. As per the house loan eligibility calculator, one would need to input various factors. These factors includes income and employment status amongst many others. Out of all the additional factors, the tenure and the interest rates will play an important role. Let us know how these factors affect one's eligibility for a loan

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