Loan Products

Personal loans are often the shortest route to funding when an individual needs money that he or she does not have. This need can arise owing to various reasons. However, when the objective is to access funds for emergency expenses; most people turn to personal loans for relief. Fortunately, personal loans are not hard to come by and most major banks and financial corporations offer personal loans to employed and earning individuals. These loans are often dispensed in a matter of days and the ...

Buying a House is not only a dream but also a huge Investment. Be it searching your dream home out or constructing it; both involve a considerable amount of time, effort & most importantly financial planning. Home Loans comes as a relief here. Getting funded 80-85% of the Cost is a huge breather. To quote Archit Gupta, Founder & CEO ClearTax , "Home loans are the most common and quickest route to becoming a homeowner – unless you are one those rare breeds of savers who save th...

Loan against credit card

It is always irksome to pay bundles of cash for a heavy purchase and even one can’t roam everywhere with a suitcase to carry cash for expenses. However, if you possess a credit card you probably have done away with the fret of carrying cash. One also doesn’t need to refill his/her bank account regularly in order to spend sums. A credit card allows a decent spending limit to customers, which in no way is related to your savings or current account ...

Fixed deposits are noble financial instruments to invest in if you have a lump sum of idle money in your hand. Alongside its safe custody, the banks also offer a high rate of interest on it. The reason behind its popularity is that the returns are guaranteed in any case. But what furbelows the investment in fixed deposits is the fact that it can also be used to avail loans, and that too with great ease.

How fixed deposits can be used to avail loans

Fixed deposits allow customers...

Gold Loans

A need for money that we do not have in our bank accounts is not unusual nor uncommon. A debt consolidation requirement, a medical emergency, family events, and home renovations, are some of the reasons that we may need extra funds that we do not have. In such circumstances, people often opt for loans of varying kinds, one of which is the gold loan. In India, gold is commonly worn as accessories and items of jewelry. Owing to the value of gold, it makes for valuable coll...

Loan Against Property

NBFCs and banks in India specialize in a wide range of lending schemes; among them is loans against properties. These loans happen to be quite popular and the objective of this article is to provide factual and current information on loans against properties, especially for those considering availing of these loans in the near future. Read further to know more on the subject.

Very Different from Home Loans

Before going into the various terms and conditions appli...

Two-Wheeler Loan – All Your Questions Answered

In developing countries like India, two-wheelers are a popular means of transport. On any given street in the country, two-wheelers; motorbikes and scooters to be specific, have a real presence. This is because many Indians depend on motorbikes and scooters to get around. This includes young executives for whom buying a motorbike is often a preliminary purchase before owning a four-wheeler. Owing to the popularity of scooters and motorbike...

Short Term Loan

An urgent financial need can be met in a number of ways by banks and NBFCs in India. For both businesses and individuals, Indian banks and financial corporations are open to the idea of lending almost instantaneous funds in the form of a short-term loan. For many businesses and individuals this an attractive proposition when in a financial crunch. However, an in-depth understanding of short-term loans is necessary before applying for one. This article aims to provide all the ...

Mudra Loans solely refer to loans offered by banks, Self-Groups and Joint Liability Groups under the Pradhan Mantri Mudra Yojana Scheme. Post the formation of Mudra (Micro Units Development and Refinance Agency Limited) by the Indian Government's Union Budget in April 2015, the PMMY (Pradhan Mantri Mudra Yojana) scheme came into being. The aim of the Micro Units Development and Refinance Agency Limited alongside the Pradhan Mantri Mudra Yojana Scheme is to offer financial support for micro-e...

Loans against Mutual Funds

Banks and NBFCs allow individuals to take out loans against various forms of collateral. In other words, when as an asset has significant monetary value, that asset can be used by an individual to avail of a secured loan. Among the various forms of collateral accepted by banks and NBFCs as a means to secure lending and ensure repayment; is mutual funds. By definition, a mutual fund is a collective fund sourced from investors and invested and managed by a financial ...

Loan Against an Insurance Policy

It is common knowledge that banks and NBFCs often require a form of collateral against which they are willing to lend to individuals. Various forms of collateral can be used to avail of a loan and one such form of collateral is an insurance policy. In actuality, an insurance policy is a protective cover that accounts for financial losses owing to various unforeseeable reasons. However, insurance policies can prove to be useful investments owing to the fact th...

Education Loans

Ideally, knowledge should be free, but education is expensive in India and around the world. For example, the course fee for an MBBS student ranges between anything 50,000 to 2 lakhs per annum. For a 5-year course; that amounts to a lot of money that not every student can afford. Fortunately, education loans for undergraduate and post-graduate students in India do cover the cost of education in many instances. Like all loans, education loans come with terms and conditions for...

Business Loans

Starting a business or even successfully running one, often brings about the need for capital or in other words, monetary funds. This need can be fueled by different factors and most business owners or entrepreneurs look into different ways to meet this need. One way to access capital or monetary funds for business purposes is to look into the possibility of acquiring a business loan. Fortunately, for aspiring Indian entrepreneurs and startup businesses on a growth trajectory,...

With a rising index of population and pollution, personal Cars are no longer luxury; a necessity rather.  Small Family outings, a sudden emergency to travel is always easier with a Car around. Previously, buying a Car was considered a huge investment, a big outflow of liquid assets viz. Cash. Thanks to the Customer-friendly schemes and options provided by numerous Public and private Banks, buying a Car is no longer a headache. So, what are the basic factors that one needs to consider when a...

Consumer Durable Loans

With the needs of any family expanding on a rapid basis, the need to take a loan to meet the impending needs of the family does cross a person’s mind. However, increased interest rates and multiple paperwork does keep them away from the hassles of applying for a loan. However, the trend is set to change as flex consumer durable loans are now easily available. So, what exactly are these consumer durable loans?

What are consumer durable loans?

Consumer durable...