Category Archives: Loans

Demystifying the New Method to Calculate Lending Rates

If you’ve kept up with the news, you might have heard that the Reserve Bank of India has introduced a new method of calculating bank lending rates. It’s called the Marginal Cost of Funds based Lending Rate. The new calculation method will replace the base rate system to make deciding the lending rates for loans much easier. Let’s tell you all about the new method.

The Case of Home Loan Amortization

A Home Loan is one of the biggest debts that you’ll probably take in your lifetime. The pay-back period spans 20-30 years and takes up more than half of what many may earn in a month. Paying off a Home Loan is a long process. This systematic repayment of debt often pops up in the finance section of a news article as ‘home loan amortization’.

6 Simple Tips For First-Time Car Buyers

Buying a car for the first time can be exciting and gratifying. If you have a family, it’s even more gratifying as daily conveyance and weekend getaways are now within easy reach. If you’re a rookie to the world of automobiles, a little bit of caution and homework can make the experience a delightful one. Here are some aspects which will provide some tips for first-time car buyers in India.

Personal Loan Eligibility For Self-Employed People

Being the master of your own world sounds great, but self-employment has its share of challenges too. If you are self-employed and need urgent cash, a Personal Loan can come to your rescue. Yes, you read that right! Approval of Personal Loans for self-employed individuals is not as tough as people assume it to be. Here’s everything you need to know about Personal Loan eligibility for self-employed individuals.

4 ‘I’s to avoid Personal Loan Rejection!

Planning to apply for a Personal Loan in the midst of a financial emergency? We hope you have done your homework well. If not, here’s some help. Make sure you know these four important ‘I’s before you apply for your Personal Loan to avoid rejection of your application. Don’t forget that a rejected application will negatively affect your Credit Score!

Home Loan Documents- Are you Salaried or Self-Employed?

Getting a Home Loan to buy a new house is a common practice, but do you have all the information handy before you opt one? Did you know the documents required might differ for salaried and self-employed people? Here’s a handy guide with all that information you’ll need when you apply for a Home Loan.