Loans

Owning a house is something that people look forward to throughout their lives. However, the key issue is how to get a home loan. Various banks and other institutions have set rules for determining whether one would make a good candidate for a home loan. By learning these rules of home loan criteria, one can guarantee that they have a higher chance of getting the loan than before.Basic Requirements for a Home LoanThe rules for home loans can be different for each bank. However, most banks look at some common things before giving a loan. Here are the main home loan criteria:AgeThis implies that your age is an important home loan criteria for the application. Almost all the banks will ask for a minimum age of 18 years for you to apply for one. However, in most banks, the uppe...

If you are looking to get a loan, you need to do a bit of research and choose the best one depending on your situation. If you are considering getting a Car Title Loan, you should first understand what it is and how you can get one. A title loan is desirable to a lot of people as the loan approval does not depend on the credit score, so many people who have a bad credit score usually choose this option. Let's further look into what Car Title Loans are. Car title loans are a type of short-term loan that allows you to borrow a sum of money and you can keep your car as collateral, while you can still use it. The amount of money that you can borrow will depend on the value of your vehicle. And to obtain this loan, you must own a vehicle, whether it is a car, van, or truck. You can obtain it ev...

You might have reasons if you are looking forward to getting a personal loan. You must find the right bank or financial institution to apply for the loan. The loan terms and conditions should be favourable to repay the loan within time. On the other hand, different banks have different criteria to abide by to get your loan approved. You are required to find such a lender that has a smooth and easier loan approval process. Here are some essential factors that you must consider before applying for a personal loan.Repayment Flexibility Before taking a personal loan, you should remember to repay it within a specified period. This is how you should enquire about repayment flexibility. Different lenders offer different repayment tenure and schemes that you should know about. A long tenure typi...

Introduction: With a new generation of internet and online services, people are not very much aware of the bank and its system. Till they need to face the inevitable of visiting a bank, they are alien to its functions it. It has been experienced that people tend to confuse the IFSC Code with the branch code. But the fact of the matter is that they are not the same. They even have a different purpose and are given to the bank branch by different authorities.Know IFSC IFSC code or Indian Financial System Codes are unique codes given by the Reserve Bank of India to all the bank branches. It can be used to identify a particular branch of the bank and is essential for many banking services. Though, every bank branch put up their IFSC for the people to note down, you can easily...

Refinancing your student loan means replacing an older loan with a new one that would pay off the remaining amount. It often reduces interest rates and gives you longer repayment timelines.If you are one of those people who want to save some money every month but weren’t able to do so because of high-interest rates, then you can opt for a student loan refinance. You can check it via a student loan refinancing calculator to help you check the possible rates you have to pay when you refinance.Mentioned below are the pros and cons of refinancing your student loans.PROS Lower Interest Rates Interest rates depend upon your credit score, if you are eligible for lower interest rates then you can pay lower amounts in repayment which can make monthly repayments a bit easier than before and ca...

A wedding is a very special and memorable event that everyone cherishes. However, weddings tend to get expensive, and paying for a wedding can be financially taxing for many people. This is why some people opt for marriage loans to fund their own weddings, or at times, even the weddings of their near and dear ones. You can also opt for personal loans which can double up as marriage loans. There are many benefits you get when you opt for a personal loan to pay for the wedding expenses. What are these benefits?  Read on to get the answer. A hassle-free way to arrange for funds - Getting a marriage loan is very easy. This is why you should get this loan without stressing about how to arrange for the money to pay for the wedding. People spend many sleepless nights worrying about this and ...

Travelling to the world’s most famous and bucolic destinations is everyone’s dream. But, vacationing far or near can get expensive real quick. High-expense trips often push people to avoid or procrastinate exploring their favourite destinations. If this is a recurring incident then here’s an easy way out, get a travel loan.  Luxury travel with high figure bills can compel many to opt for instant and easy travel loans. These instant travel loans can be a saviour for travellers who do not wish to squander their well-saved cash while seeing the most exquisite destinations as well. If this popular choice sounds interesting, read more to explore more. Strike off your dream destination from the bucket list with brilliant travel loans. Image Source: freepik.com What are travel loans? As the ...

A payday loan is beneficial for people who need cash urgently to manage any emergency. Here, you don’t have to go through a lengthy application process to get approval for a loan. You’re also not required to have a good credit score to get the approval for the loan. However, you need to know certain facts before you take out a payday loan. Knowing the facts about payday loans can help you avoid financial hassles in the long run.Here you go:1. You can get the loan with bad credit A credit check is not required when you apply for the payday loan. This is considered to be one of the greatest advantages of a payday loan. Therefore, if you have bad credit then you are still eligible to apply for this loan. But, keep in mind that you should pay off the loan on time otherwise it might be diff...

Personal loans are usually disbursed to individuals either by banks or by other financial institutions like Non-Banking Financial Companies (NBFCs), to help cover their personal expenses like marriage, home building, children’s education, purchasing cars, etc. They are generally availed when one is short on funds or is faced with a financial emergency. These loans are unsecured and do not require the borrower to pledge any collateral asset.What is the difference between banks and NBFCs? The major difference between the two is that a bank is a licensed financial institution which is authorized by the government to provide banking and financial services. On the other hand, a private company which provides banking services but does not hold a banking license is termed as NBFC. All banks...

Housing loan is a long term commitment which requires tremendous patience and a large sum from your monthly income which goes off as the EMI. One may tend to feel the loan as a burden over the course of loan tenure because of the high rate of interest charged. A home loan balance transfer is the utmost solution of sailing through the home loan tenure by shifting from the present lender with the high rate of interest to another lender who has a low rate of interest on offer. A home loan balance transfer is also known as refinancing. It is an excellent option if one wishes to save on some money that would have gone as interest. As a borrower, it is, however, necessary to get to know all the details and understand the process of the home loan balance transfer.Why should one opt for a hom...