When you apply for a home loan after you are 45, you will not enjoy the maximum tenure benefit as in the case of other borrowers. Assume you decide to apply for the loan when you are 45, and your retirement age is 60 years, then the maximum tenure the bank may be willing to… Read More »
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 »
The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received. The most popular types of plastic money are debit cards and credit cards. Credit cum debit card is a single card which has the features of both a credit card as well as a… Read More »
Personal loan allows you to borrow money for almost all your requirements. You can use the funds for a dream vacation, home renovation, medical treatment, or a wedding in your family. Since a personal loan is given for any lawful purpose, it gives you a helping hand for meeting all your personal desires. Before you… Read More »
Credit Card is gradually becoming a necessity. With many valuable features, this 86×54 mm card is nevertheless a magic box. Instead of carrying cash in your wallet, a credit card is easier to manage and convenient to handle. With the changing times, many people have already transformed themselves to the credit card regime, some are… Read More »