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  All about loan ? What are the basics of loans to meet your needs? Find out what the lending terminology means. Visit our website : https://mortgageloancreditcardinsuran... visit our other channel : https://www.youtube.com/channel/UCa94... https://www.youtube.com/channel/UC6SR... https://www.youtube.com/channel/UCqov... https://www.youtube.com/channel/UCWyt... Visit our Blog: https://mortgageloancreditcardinsuran... https://insuranceinvestmentoffer.blog... Watch my others Video: https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... https://www.youtube.com/playlist?list... Visit our sosal mida Page: https://www.facebook.com/VIP-Capital-... https://www.facebook.com/Mortgageloan... https://www....

  Credit score of an individual borrower shows his credit history. This includes the number of credit accounts an individual has, the total debt he has, his repayment history, and loan-seeking enquiries the borrower has made. Lenders use this credit score to evaluate an individual's repaying ability, depending on which his/her loan application is approved. One's CIBIL score is like a financial report card of an adult and is a number between 300 and 900. This score is taken into account when one applies for loans or credit cards – and helps the lender make a decision about the borrower's application." A credit score above 700 is considered a good score. The chances of getting a loan or credit card increases, with a credit score of 750 and above. The borrower also gets attractive interest rates. If you have a low credit score, it can be difficult for you to find lenders. Therefore, if you rank lower than that, how do you fix a score below 700? Industry experts ...

  When it comes to home loans, there are various classifications. Depending on what the borrower wants to do with the home loan money, a separate category of home loans needs to be chosen. For instance, there are home loan, home renovation loan, home extension loan, top-up home loan, loan against property, plot loan, construction loan, home loan balance transfer, non-residential premises loan, loan against commercial property and mortgage loan, among others. Some of these loans are add-on loans that can be opted with a primary loan. For instance, both home loans and mortgage loans are secured loans that offer additional top-up loan facilities, balance transfer services and so on, depending on the total loan amount that a borrower is eligible for. One might require a loan for a variety of reasons, but with the different home loan products available in the market today, experts say potential borrowers easily get confused with one another. One such confusing type of loan is home loa...

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  https://mortgageloancreditcardinsuranceinvestmentoffer.in/ To tackle the increase in cases of bank fraud in the nation, the Reserve Bank of India (RBI) introduced the Positive Pay System in January this year to detect fraudulent activity. The frauds are detected by matching specific information of cheques issued by a user for clearance. After the implementation of the new rule, customers, who will issue cheques, will have to inform their respective banks and give cheque details via net/mobile banking or a physical visit to the branch. If anyone fails to do so before issuing a cheque, then it will bounce. Some banks are offering their customers to complete this formality is SMS, ATM, or email, however, it can be proved a hurdle for senior citizens or people not adept with these methods. After the customer will inform the bank, they will verify the information provided by the issuer, including the cheque number, cheque date, payee name, account number, the amount. These pie...

https://mortgageloancreditcardinsuranceinvestmentoffer.in/   If you are looking at long-term investment options that are safe, secure, and yet deliver good interest rates, post office schemes are the best for you. It is the best option for someone when they want their money to be invested in a safe and secure place. The central government has also not any changed in the interest rates of the small savings scheme for the September quarter amid the pandemic. Let's look at all the savings schemes of the post office, in which if you invest money, then the amount soon will be double. 1. Post Office savings account - The interest rate for post office savings accounts 4%, which means the investment amount will double in 18 years. 2. Post Office Time Deposit (TD) - If you invest in this Post Office scheme for 1-3 years, you will get an interest rate of 5.5%. That means, the amount will double in nearly 13 years. In this scheme, the interest rate is 6.7% on the investment for 5 years. At th...

  The Reserve Bank of India’s decision to keep the repo rate at a low of 4% for a year now has resulted in a majority of banks reducing their floating rate home loan interest rates to multi-decade lows. However, some housing finance companies (HFCs) too have reduced their home loan interest rates. Many aspiring home loan borrowers prefer HFCs, which are NBFCs specializing in home loans, over banks that could have relatively stricter norms when it comes to the borrowers’ loan eligibility criteria. HFCs are also known for hassle-free paperwork, but their loan interest rates are usually slightly higher than those offered by banks. However, aspiring borrowers must understand a major difference between bank and HFC floating grate home loans — while bank home loans are linked to an external benchmark like the repo rate, HFCs peg their home loan rates to their prime lending rate. Meaning, banks offering repo-linked home loans could be quicker in transferring rate-cut benefits to their bor...

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  AFFORDABILITY Just because you qualify for a certain mortgage loan amount doesn’t mean you should buy a home in that price range. Pick a purchase price and monthly mortgage payment that leaves enough room in your budget for other financial goals like retirement and emergency savings. DOWN PAYMENT You can put as little as 20% down with some mortgage programs, and some borrowers can even put zero down to buy a home. If you haven’t saved your own money, you may be able to apply for down payment assistance or get a gift from a relative or friend. INTEREST RATE Aside from your credit score , there are several factors that determine your interest rate, including your down payment amount, loan amount, loan type and the location of your home. Your rate will also depend on the type of home you’re buying (a single-family home versus a manufactured home), and whether you plan to live in the home or rent it out. CREDIT SCORE Although you may qualify for some home loan programs...

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 The optimal cash flows are necessary to ensure timely day-to-day activities, sound relationships with stakeholders, inventory & much more. This is why banks and financial institutions also offer different types of Business Loans for distinct types of business needs. Unlike other forms of loans, Business Loans are available in both secured and unsecured variants. That is, you can borrow for very short term to long term duration as per your needs. Precisely according to your funds requirements and eligibility, you can choose from a cash credit , overdraft or term loan option as a Business Loan from your bank. Let’s walk through different Types of Business Loans from ICICI Bank. Whether you are an ICICI existing customer or a new one, you can access the one according to your precise needs. ICICI Bank   Working Capital Finance Bet it a start-up or an established business unit, consistent funds for day-to-day business needs is very important. ICICI working capital fina...

  Author : Ashish Singh Patel Categorically, loans today are divided into two major types - unsecured loans and secured loans . To simply differentiate the two with a one-liner, a secured loan requires you to put any of your valuable assets as collateral while taking the loan, while there is no such requirement while opting for an unsecured loan. While it may sound like an easy point of differentiation and a deal-breaker of your understanding of the subject, the nitty-gritty in both scenarios makes a stark difference. There is a lot more ground to be covered on the subject - the difference between secured and unsecured loans, before making a final decision of going ahead with your selection. What is a secured loan? In layman's language, a secured loan is credit given to you by a lender who in turn holds back one of your valuable assets as collateral that can be used for a down payment in case of payment default caused from your end. When you take a secured loan, the sum a...

https://mortgageloancreditcardinsuranceinvestmentoffer.in/   It is not always possible to have so much savings or ready cash for purchasing a home. Thanks to the facility of home loans that give us the opportunity to own our dream home. Many banks and financial institutions give us tempting offers to avail l oans in the real estate market. However, one must be careful to collect all the related information before opting for any offer for loans. Credit Score 750+ Before approving the loan, every bank or financial institution checks for your credit score. Credit score is the score card of your financial life until now. With this, the bank reviews your financial credibility and the risk associated with their loan payment. A bad credit score will get you nothing, thus letting your dreams crashed. That's why it is important to know your credit score from the CIBIL website. It will help you to fix any mistakes in the score. Budget & Affordability People usually get emotion...

  However, the availability of various benefits on a home loan is one of the things that work in favour of the home loan borrowers. Below we will highlight the major home loan benefits. A home loan refers to a credit option taken up by borrowers to finance their dream home. With home loans, an individual can borrow the big-ticket amount from a financial institution at a particular interest rate, which is supposed to be repaid through EMIs for longer repayment tenures going up to 30 years. Note that in home loans, one is allowed to borrow funds of up to 75% - 90% of property’s value based on the loan amount. The remaining amount needs to be financed by the home loan borrower in the form of a down payment amount. Home Loan Benefits Tax benefits  One of the crucial home loan benefits of taking up a home loan is an income tax deduction that one can claim on their interest or principal repayments. You can claim up to Rs 2 lakh on interest repayments under Section 24 B and u...

http://mortgageloancreditcardinsuranceinvestmentoffer.in/ Applying for a home loan? Here we tell you everything you need to know about documents required for home loan. While applying for a home loan , most banks will give you a checklist of all the items you need to submit. You can also check the website of the bank and get a list of all the documents that you need to submit. Primarily, banks require proof for five factors—your age, address, income, property and details of other loans. You need to submit copies of government IDs, bank statements, salary slips, property papers, among other things. In the following sections, we discuss in details all the documents you need to submit. Salaried Individuals Documents If you are a salaried person applying for a home loan, here are the documents required for home loan: 1. Identity proof: It is mandatory to submit a copy of your PAN Card. Apart from that you can submit a copy of any one of the following: 1.Voter Card 2.Aadhar C...

  © Provided by mortgageloancreditcardinsuranceinvestmentoffer.in The Reserve Bank of India kept the repo rate unchanged at 4% in its latest Monetary policy committee (MPC) review on August 6. This means that home loan rates , especially the ones linked to repo rates are unlikely to go up in the near future. For prospective home loan borrowers, no change in rates means that they can borrow at existing lower rates. Also, many prominent banks are coming up with limited period offers to attract homebuyers. For instance, the country’s largest lender is offering a 100 per cent waiver on processing fees on home loans . This is also a great time for existing home loan borrowers to switch to lower interest rates or make pre-payments to reduce their EMI burden.   If   you are planning to take a home loan, the list of banks and NBFC offering loans below 6.99%. Do note, the interest rate applicable to you would be determined by your chosen lender depending on your age, income...

  We must also plan our own long-term finances in a way that is sustainable and helps us meet our life goals. It is for this reason that there are various provisions under the Income Tax Act of 1961 that enable us to save on our taxes. Whether it’s a vacation, education, insurance or investment, savings make it that much easier for us to secure these for ourselves. One should start saving as early as possible in order to plan their finances and goals appropriately. Traditionally, according to the 50-30-20 rule, 50% of your income should be spent on necessities, 30% on discretionary purchases/personal spending and 20% should go to your savings. Given the economy and the need to account for inflation, we believe that 30% should go into savings while 20% would be for personal spending. It is the time of the year when you will file your Income Tax Returns for the financial year 2020-21 and assessment year 2021-22. Let’s dive   important provisions that will help you with tax...

https://mortgageloancreditcardinsuranceinvestmentoffer.in/   The need for cash may arise anytime. While we all save a penny or two for the future, sometimes it might just not be enough. Personal loans come up as the ideal solution at such times. Available without collateral and no end-use clause, personal loans can help you sail through the cash crunch moments easily. The instant loans without documents further add to convenience as one can avail the loan without getting into the cumbersome and lengthy process of loan documentation.   Instant Loan? Instant loans are primarily pre-approved loans that do not require much documentation, as is the case with traditional bank loans. They are approved really quickly without any collateral or guarantor. They are typically applied online and therefore require no written application or subsequent paperwork. Applicants who meet the eligibility conditions receive the loan credit in their accounts within minutes, hence the name insta...