Owning a home is a dream for most of us and thanks to the diverse home loan schemes available to make that dream a reality. How is this different in case of Non- Resident Indians (NRI)? Is it equally easy for them to obtain a home loan and own the property of their choice? NRI… Read More »
Friends, relatives and colleagues often sign as guarantors for personal loans for applicants in order to help out in getting a loan on time. However many people do not completely realize the extent of responsibility that accompanies such an act. In fact the guarantor then becomes equally responsible for the repayment of the loan as… Read More »
In most cases personal loans are opted for by individuals in order to meet emergency case requirements and also to make up some deficiency in other financial plans. People often apply for personal loans to multiple banks simultaneously for different reasons. There are a few pros and cons of such applications which the applicant needs to… Read More »
The Reserve Bank of India releasing its third quarter monetary policy has today announced a reduction in the repo rate and cash reserve ratio by 25 basis points. The new effective repo rate for the third quarter is now fixed at 7.25% while CRR rate has revised to 4%. This move is likely to… Read More »
Gold has a certain element of emotional value for all Indians. Taking personal loans against family gold had not been considered as a preferable option till late though the tradition of loan against gold had been in practice since centuries through unorganized money lenders. The value of gold has been on the rise for… Read More »
Loans against property are yet another variant of the basic personal loan which has its own pros and cons. While comparing the basic personal loan against the loan against property one has to take into consideration the fact that each type is suitable under a certain state of conditions which only the borrower can justify… Read More »
The option of personal loans is a great tool to raise money at short notice without much hassles of documentation. The processing time is very less which makes it even more tempting option to avail when there is an urgent requirement of cash at short notice. The exact amount of money that one should… Read More »
The personal loan has become a popular tool that is used by many people to raise additional cash when in tight corner or when there is an urgent requirement of money at a short notice. However in most cases the situation does ease off after some time and the burrowers are in comfortable position pay… Read More »
Buying cars is one of the easiest things for young professionals today in the country. However there are cases when people realize that they really can’t afford the car loan or they have bought a car which is out of proportion for their income is also on the rise. There are many cases of car… Read More »
Also known as the “acceleration covenant” the Acceleration Clause in any car loan is a vital element that must be read and understood categorically by the borrower at the time of signing the loan agreement. Most of the car loan customers in the country are quite unaware of this clause and hence land up in… Read More »