Term insurance is one of the most popular forms of Life Insurance allowing basic life protection for the insurer without paying a hefty premium. Term insurance plans do not offer investment benefits, but offer a protective cover for the tenure period of the policy. The upside of term insurance plans are their cost effectiveness making… Read More »
EMI Calculation You need to know the loan amount, processing fee and the interest rate of your car loan, home loan or personal loan. If you plan to prepay your loan, then figure out the exact or approximate amount you intend to prepay and the periodicity of such payments depending on your loan agreement. Use… Read More »
Online shopping has become extremely popular in recent times. More and more people are resorting to this mode of shopping owing to the convenience and speed it offers. Retailers have understood this trend and many offline stores have also started online portals, offering their products through the web. In this scenario, it is not surprising… Read More »
As property values are sky rocketing in the metros and other Tier 2 cities of the country, taking a home loan has become a Hobson’s choice for most buyers. Banks advance 80%-85% of the property value in the form of a home loan, depending on the borrower’s individual borrowing eligibility. As in the case of… Read More »
Medical costs are increasing rapidly and in some cases, even more than inflation rise! Moreover, with an increase in lifestyle related diseases due to poor diet and lack of exercise, the incidence of hospitalization is also on the rise. In such a scenario, it is critical to have sufficient health insurance cover to meet these… Read More »
Second mortgage loans or second mortgage financing, as the name suggests, means providing a loan against the security of a property which has already been mortgaged elsewhere. This means that the same property is being used for a second time to secure a new loan. For example, Mr. X wishes to purchase a property for… Read More »
#MyFutureSelfie – BankBazaar Photo Contest ! Do you ever think about where you’ll be in five years? Whether you’re hoping to land the job of your dreams, buy your first home, get married or travel to an exotic new location..BankBazaar wants to know! At BankBazaar we believe in planning ahead and making dreams come true.… Read More »
Borrowing a loan requires careful planning and analysis. When you take a home loan, this becomes all the more important, since the commitment is for a long term. You may end up paying more or getting inefficient service if you choose the wrong scheme or bank for your home loan. There are many mistakes committed… Read More »
An education loan is structured very differently compared to other loans from banks. As it is a loan which is used to fund education, the repayment of the principal of this loan begins after the student completes his education. This is unlike other loans, where both the principal and the interest amounts are repaid from… Read More »
When used prudently, your 86×54 mm magic box (credit card) can do wonders for you. Fully loaded with rewards, credit card as a financial product, has turned out as personal favorite for many. You can draw maximum benefit from rewards program, if you use your credit card the right way. With the rising competition in… Read More »