3 Tips to Help You Close Your Home Loan Early
Want to Close Your Home Loan Early? Here 3 Smart Ways That Can Help You in Closing Your Home Loan Faster and Early.
Loan-to-Value (LTV) Ratio: Meaning, Importance and Calculation
Home loan is a secured loan that requires you pledge the property to be purchased/ constructed/ renovated/ extended as collateral with your lender. But you do not get the entire value of the asset pledged as a loan and this is where the LTV ratio comes in the picture. What is Loan-to-Value (LTV) Ratio in...
What are My Chances of Getting Personal Loan Approval
Lenders approve your personal loan application on the basis of various factors such as your credit score, age, income, repayment capacity, occupation and employer’s profile. You can predict the odds of getting a personal loan by seeing how well you measure up against its eligibility factors. Some of these factors are discussed here to help...
How Do Lenders Decide Personal Loan Amount
Banks and NBFCs usually offer personal loans from Rs 10,000 to Rs 40 lakhs. However, personal loan amount that a lender sanctions to an applicant primarily depends on his income and existing loan repayment obligations. Some lenders use Multiplier Method wherein they factor in applicant’s income to determine their eligible personal loan amount. Other lenders...
Debt Consolidation with Personal Loan
Whether it is a student loan, some unpaid credit card bills or a house loan you are close to defaulting on, most of us look to pay off the dues and get debt free. However, it often becomes very difficult to pay off these debts using only one’s salary. In such a case, many people […]
Personal Loan vs Education Loan: Which is Better for Funding Education Cost?
हिंदी में पढ़ें Quality education lays the foundation of a steady career and a better package. However, its ever-increasing cost has rendered it out of bounds for most people. As a result, most people have to finance their higher education through education loans from banks or NBFCs. However, those who cannot avail education loan due...
Home Loan Benefits for Women in India
Benefits for Women Home Loan Borrowers in India
Best FD Interest Rates in India 2023
हिंदी में पढ़ें Currently, among all bank categories, Unity Small Finance Bank offers the best FD rate at 9.00% p.a., followed by Shivalik Small Finance Bank Limited, which offers fixed deposit at 8.65% p.a. Fincare Small Finance Bank also offers one of the highest FD interest rates in India at 8.61% p.a., closely followed by...
10 Best Banks in India Offering Low Interest Home Loans
हिंदी में पढ़ें Scheduled banks offer home loans at 6.50% p.a. onwards for tenures up to 30 years and loan amounts of up to 90% of property’s cost. To cater to the housing finance requirements of a wide customer base, the banks offer various home loan schemes offering benefits such as higher eligibility, reducing EMIs,…
How to Get Personal Loan of Rs. 20 Lakh
हिंदी में पढ़ें Banks and NBFCs offer personal loans for amounts ranging from Rs 10,000 to Rs 40 lakh. Whether individuals looking for a personal loan of Rs 20 lakh will get the same amount or not will depend on various factors including their monthly income, existing loan repayment obligations and EMI/NMI ratio --- the...