Personal loans are a popular option for people who need quick access to funds for various purposes, such as debt consolidation, home renovation, or medical emergencies. However, when you take out a personal loan, you also commit to repaying the borrowed amount in equated monthly installments (EMIs) over a predetermined period. Missing an EMI payment
Author Archives: abhimanyu
11
Mar
Mar
It all started with the Digital India initiative where the start-ups weren’t given a push. A new line of youngsters have risen in India who choose to work independently then be in a secure, stable job of a top-notch company. These young minds have path breaking ideas & the perseverance to make it big. However
25
Jan
Jan
This is a purely subjective matter. If you’ve got the financial means, you may want to reckon giving money to family members with no strings attached. For this financial year, family members can lend as much as they like as an individual without triggering gift tax laws. Loan to Family member Tax Implications India Does any loan to a family
25
Sep
Sep
Loan financing can be extremely crucial to mark success in a business. This loan amount can be used to consolidate debt, finance expansion of the company, so on and so forth. To be eligible for a small business loan, any Bank/NBFC looks at a few aspects thoroughly, namely capacity, collateral, capital, character and conditions. If
21
Sep
Sep
We are much ahead of the times where you would only look up to financial institutions like banks for a business loan as a started in the domain. Today, you can most conveniently use the online lending platforms to apply for a small business loan with a short application process & approval & provide business
19
Aug
Aug
Of course, the process of wealth creation is a long drawn process held up by 4 critical pillars of strength. It needs a roadway to financial independence because major decisions are taken up thereafter. Here are the 4 pillars of wealth creation which need a closer look: Earning money Collecting productive assets Choosing debt to support productive assets Self-development Let’s centre our focus on questions like what
14
Aug
Aug
Are you thinking to cancel your credit card? Before you think of cancelling your credit card, think twice! You must take appropriate steps into consideration before closing your credit card for good with minimum damage to the credit score. How to Nicely Cancel a Credit Card Here’s an agenda of how to nicely cancel a
31
Jul
Jul
Small businesses are believed to be the power house of the Indian economy. However, these businesses are scared of the complex lending process through the physical centers. This can be really frustrating for the takers & providers both. Too many times, we observe how growing companies reach a saturation point when they do not how
10
Jul
Jul
Aarogya setu is a brilliant app as an initiative to connect essential health services to Indian citizens to keep their fight alive against Covid-19 pandemic. Amidst this crazy scene, Aarogya Setu has substantially helped to keep tab on the coronavirus cases & track patients in your vicinity. This GPS enabled app helps you to spread
06
Jul
Jul
According to experts, Covid-19 pandemic has hit harder than the financial crisis of 2008-09. During this time, it’s important to take action with effective fiscal packages to take control of the situation & feed the poor/underprivileged. In-fact, the pandemic is striking back & forth through different channels. We are witnessing major supply issues and lakhs
28
May
May
Are you an aspiring therapist? We are sure that you’re no stranger to hard work already. Maybe you’re dealing with multiple issues like prevalent existing debts, bad health, and financial mismanagement. Looking at their heightening careers, you may feel the pitch a bit. One could be determined early to move beyond the ordinary & create
18
May
May
There are special financial ‘to-dos’ to tackle while you’re spending time at home mostly. If you’re on house arrest due to the lockdown orders, then here comes your chance to tackle your financials like never before. You could just cover all the tasks put off till date. Also, if you’re working from home and not travelling to
15
May
May
Having additional sources of income is a necessity these days, and must be always worked for. In the wake of Covid 19, the high rate of unemployment & innumerable lost jobs is keeping the salaried & self-employed worried. There’s absolutely no guarantee for how it can be tackled & securing your present job. For many,
11
May
May
Every line of credit exhibits different characteristics compared to a regular loan. However, a credit line is suitable as an alternative to online personal loans on time to time basis. You must be aware as to how a loan gets approved. So once that’s done, your quick cash gets credited to your savings account. You
10
May
May
It’s true to say that family stays forever, their health holds equal importance. All members would keep healthy when they give each other time. Family time is vital to create bonds, lasting love, healthy conversations and relationship among the family members. Family time also helps to cope with challenges, infuse a feeling of security, inspire
23
Apr
Apr
The Government of India has been on the forefront to combat Covid-19 pandemic eversince it spread-out in the western part of the world. Visible measures were observed in terms of necessary barricading, curfews, supply of essential goods, food distribution to needy families and most importantly issue strict directives to protect oneself & close ones. The
21
Apr
Apr
Are you thinking to take up an accounting career? Based on your aspirations, it’s important to take a decision on the certifications & degrees. A higher degree is better for a lucrative accounting profession, however, it comes with a high price too. The majority of the students who aspire to take up an accounting career
14
Apr
Apr
With higher education rapidly rising in the last decade, student loans are also massively increasing. according to a recent survey. It’s being said that education loans are the 2nd largest consumer debt which evidently proves the market demand for loans for education. This is higher than the auto loan and credit card borrowings. A lot
30
Mar
Mar
In a fast moving city like Chennai, it is imperative to have an instant travel loans at an arms distance. Do you even think properly before making the choice of an instant travel loan? What do you basically construe what does instanteity actually mean? Do you think it throws light on the speed of loan
24
Mar
Mar
Getting a loan for a small business loan in Chennai can be made easy through Home Credit. We provide personal loans that can support a new business venture. If we go by the title ‘small businesses’ of course cannot choose a collateral-based loan. Since they cannot forego a collateral or security asset. To help such
17
Mar
Mar
Mumbai is another name for the modern & contemporary. It is supposedly is known for its vogue & upmarket approach. It is marked on the Konkan coastline serving a population of 1.84 crores approximately. Mumbai is also quite commercial for its million-dollar businesses and vocations. However, it is soon squeezing with more and more people
16
Mar
Mar
Often the term ‘financial planning’ can be heard. But is it just having money and some bank balance? While this is partially right, financial planning covers even some broader aspects which just not limit an individual for particular periodic planning but for a longer period of time. What Is Financial Planning? When this comes in
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Mar
Mar
When difficult times fall upon you, an individual may consider borrowing from close members to forgo complicated application & approval processes of banks & other financial institutions. This is quite liked by prospective borrowers who do not have all the documents ready to especially have approvals in place to qualify for loan approvals from banks.
28
Feb
Feb
Maybe you would want to spend less time & manage your money effectively. Basically, we’re suggesting that instead of spending weeks to devise a money management technique, you could try money minutes on a daily basis. We only believe that 60 seconds can make a remarkable difference to life, however other than cleaning your workstation
17
Feb
Feb
When you think of buying a high-value item, the question always arises whether you want to pay cash or borrow money. So the battle remains between now or later? Experts suggest that savings into your account are important before spending a whopping currency. This is the best way to avoid debt & unnecessary charges. It’s
07
Feb
Feb
Who wouldn’t want financial independence in life. This is an impulse for so many who make a lot of money. Financial independence basically means that you have sufficient savings, investments, deposits and cash to afford a lifestyle that we always crave for. Financial freedom generally means having enough savings, investments, and cash on hand to
07
Jan
Jan
A car loan is generally opted for when the requirement for a car purchase is huge. This is the case when the down payment of a car is too much and can only be afforded with a loan. However, a lower car loan installment does not always imply savings. This is how car loans work
30
Dec
Dec
We are in the era where digitization is the key to an overall development of a country. We are growing good with our countrymen who trust us & want to join hands. In the year 2018, about 70 lakh unique visitors came to buy our loan products to make a comparison and write good stories.
12
Dec
Dec
Are you filled of excitement for the upcoming festivities & ceremonies? Below are the recommendations for a planned financial strategy & enriched experience. Enjoy every moment to the fullest! All celebrations are meant to be memorable and remain with you for a lifetime. This is exactly why we wait for such occasions. However, you tend
05
Dec
Dec
Today, Banks/ NBFCs present ready offers to their existing customer base, without the need for complicated documents or formalities. Plus, the process is generally unwieldy and automated. Customers are usually interested to go to their host banks for loan application. This greatly saves them from long drawn documentation, uninvited calls, long bank queues, complex procedures,
03
Dec
Dec
Ideating & building on financial goals is an important yet creative job for individuals, if not for all. Who wouldn’t like being able to travel frequently across the globe & create unforgettable memories. This is an exotic plan for everyone who wishes to make it big in life & also buy an expensive abode &
26
Nov
Nov
In the present world of liberalization and global integration, educated individuals prefer to relocate due to the changing profiles in their respective companies. So, if making adequate arrangements need finances, then try rent deposit loans perhaps! It is especially tricky to have rental accommodation at the price you like. People relocate to newer places due
25
Nov
Nov
Most known banks and financial institutions announce lucrative offers during the festive season. Whether a public or private sector, all institutions take advantage of the times to put out cheap loans. There is an exponential spike of sales during these times. It is a smart technique of low interest rates by banks to get more
21
Nov
Nov
Many families take instant loans while their kids are still studying in schools. We keep hearing stories of how families are dealing with debt and still maintaining a balance. So how do they do it? In a debt loaded family, its intimidating to keep the family unaffected. This wouldn’t be free, but worthwhile. Here’s some
13
Nov
Nov
A personal line of credit can pose to be a prized facility to assist individuals in planning and executing their financial life. To have quick access to the credit line to take advantage of the upcoming opportunities is essential. Not only will that meet short term goals but also work towards a powerful future plan.
25
Oct
Oct
A few things never go well together, like oil and water. Similarly, personal finances and your business funds cannot be mixed. If you keep clarity on these grounds, then it will be much easier to manage your financial worries. Although, it’s difficult to put set our article into motion. How best to bifurcate the major
01
Oct
Oct
From the beginning of our career, we channelize our efforts to build an owned house. Our house strongly reflects upon the basic character and life aspirations. So, the focus should be on building a house as early as possible in our professional span. Once built, there are several other commitments to be met. The essential
30
Sep
Sep
Typically, you opt for a home loan to buy a property or build a house on it. There can also be times when your house needs a touchup, and then again your home loan backs. It can be a renovation, extension or repairs to the existing property. So even before we contemplate the idea of a
27
Aug
Aug
As we already understand, a home renovation loan is considered to make beauty changes to your existing property. Home Improvement Loans are smaller loans for fitment to smaller needs. This type of loan pretty much covers your house improvement treatment, whether with a new piece of construction, newer interiors, or overhauling of the existing property
20
Aug
Aug
To be successful in your business venture, it is extremely important to manage your fixed and working capital. So this makes the need to source finances even more. Business Loans greatly aid the need for urgent finances and pump synergies into the business venture. Business loans can also help your expansion plans. This is not only
16
Aug
Aug
Under the most general cases, lending institutions provide specific personal loans for working capital, property purchases, financing home improvements, inventory stock, so on and so forth. However, if your plan is to start small, then it’s quite simple to have a personal loan approved. If you’re sure of getting revenues out of your small beginning,
29
Jul
Jul
To begin, small businesses typically base their operations on the investment received from reliable sources. In addition, they connect with lenders, big or small for business credit. Having said that, it’s not that easy to have a small business loan. It is difficult to have a small business loan if the credit score dips below
04
Jul
Jul
Personal loans are highly preferred for their versatile nature while gold loans are slightly specific in nature. However, on a ground level, both gold loan and personal loans have competitive interest rates within a range of 9.85%-26% and 10.75%-24% respectively. Quick approvals and disbursals are the determinants to choose a specific loan. Personal loans are
27
May
May
Want a loan but worried about your eligibility? There are ways to know if you are eligible to avail a loan. You can check it online and know the factors that contribute to the eligibility of the loan. Here are some of the factors that decides the eligibility of the loan for any individual. Documents
20
May
May
Just as difficult as it sounds a loan can be sanctioned by a bank, NBFC or an online P2P lending platform. P2P lending platforms are basically NBFCs as watched by RBI and the statutory bodies. The online lending platforms are the building blocks between investors and borrowers. Many online lending platforms entail a small charge
17
May
May
Majorly, personal loans are long-term and have high interest rates on the lent amount. However, there are a few personal loan types which can be taken for shorter duration also. A depositor can easily visit a bank for demand loan against old deposits, National savings certificate, LIC policy etc. What banks do is that they
14
May
May
Home loan or housing loan is a certain amount of money borrowed by an individual to purchase a house or any piece of residential property for a specific time period. The amount is lent with some interest amount that has to be paid along with the principal amount. Eligibility to get a Home loan Decided
08
May
May
Very often we take a small loan at first. However, as time goes by we build more trust with the brand. Alongside, we start to like the concept of personal loans! Many lending institutions are open enough to offer a second loan. This could be basis the individual’s financial behavior and repayment pattern. The lender
08
Apr
Apr
A short term loan is organized to be paid back within a year. There can be times when your business doesn’t have the capacity to apply for a long term/ business loan, which is why a short term loan. This is a useful source of finance for one time, short term tenure. The amount procured
02
Apr
Apr
Credit utilization is defined to be the ratio of outstanding credit card balance to credit card limits. It gauges the amount of credit in use. It takes care of the amount of credit limit you are using. Let’s assume that if your balance was 3 whereas your credit limit was 10, then the credit limit
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