Loans

The Indian automobile market is progressing rapidly. Not everyone has the money required to buy a new car. Therefore, the used car market is also large with several online portals helping you choose the best pre-owned vehicle. Buying a used car requires doing some research. You need to consider several factors while making your choice. Even if you are looking for a used car, you may not have the entire amount. You may apply for a used car loan to meet the fund shortfall. Before knowing more about such loans, here are eight recommended pre-owned cars:Maruti Suzuki SwiftIt is fuel-efficient with a sporty design. Some of its features include a powerful engine, spaciousness, and easy servicing.Hyundai i10This car is pleasant in appearance and easy to maintain. The car...

For most us, buying a home is a long-term investment. Unfortunately, due to rising property prices, it’s become almost impossible for an individual to make the all-important purchase without the help of a loan. But, availing a home loan can prove to be a tricky affair, thanks to the use of jargons and confusing terms. So, before we apply for that housing loan, it would be wise to familiarise ourselves with all the terms that we are likely to come across. Listed below are 7 important home loan jargons every buyer should know about:EMI  To put it simply, your equated monthly instalment (EMI) is the predetermined amount you pay to the lender each month until your loan is fully repaid. It is calculated on the basis of your home loan amount, interest rate and tenure. While evaluating ...

Individuals often turn to loans in an event of a cash crunch. Banks and Non-Banking Financial Companies (NBFCs) offer various options to those seeking capital to meet their financial needs.   A very popular type of finance option, known as a personal loan, is given to those seeking funds for various purposes. Financial institutions do not question the intent of the borrower, and hence a personal loan may be used for a variety of reasons, such as funding your wedding expenses, borrowing for your child’s education, purchasing a new home, meeting medical contingencies, or consolidating debt, among others. Such loans do not require the need of collateral and are based on the creditworthiness of the applicant. Personal loan scenario in India There have been a series of developments that have...

You may have come across the term ‘Loan Against Property’ (LAP) in the housing finance market or real estate sector. Such a loan is exactly as the name implies – a loan borrowed from a bank or a Non-Banking Financial Company (NBFC) against the mortgage of a property. Financial institutions generally give a loan on the property as a certain percentage of the market value of the property, up to a maximum limit of 90%. Some borrowers are often riddled with certain queries on such a type of a loan. It is imperative to resolve all your doubts, so as to be a well-informed borrower. Following are seven common frequently asked questions about finance against property.How is a LAP different from a home loan?A home loan is extended to purchase a new home. LAP, on the other hand, ma...

When it comes to the world of debts and repayments, noting is costlier and taxing on your pockets than credit card debts. Credit card interest rates could go as high as up to even 40-50% if you keep carrying on balances and don’t pay on time. Some people have 2-5 credit cards, and some of them may be in deep debt trap which may take years to clear. Hence, what is the solution? You can avail an instant personal loan and repay the entire credit card bills and pay just one EMI in a month. People who are having active loan and many credit card accounts may also do this. If you are a credit card owner or have some other debts, then you should go through this post. Reasons to take a personal loan to pay credit card and more debtsPay only one EMI in a monthInstead of managing too...

There are many reasons for oneto look for short-term loans. You might need quick cash for improving the way your house looks or meet the expenses of the wedding of your daughter or for some urgent traveling needs for medical purposes. Taking a short-term loan in such situations offers an easy way to fund the expenses. The banks and other financial institutes offer different types of short-term loans, and one should choose the loan that best suits the immediate needs. Thus, it is really important to assess the repayment capacity before taking out a loan. The following are three types of short-term loans that you can avail.Personal loansThe personal loans are the most common kind of short-term loans. People usually take these loans for the repayment of credit card bills, funding...

Because so many people need cash for one reason or another, it is good to know that there are alternatives to more traditional ways of getting a loan. This includes numerous online companies that can provide you with an unsecured loan for things such as home renovations, vehicle purchases, holidays, and even debt consolidation. These types of loans require no collateral and are perfect for people who want small amounts of money, reasonable interest rates, and comfortable repayment terms. Many times, you can choose up to sixty months to repay the loan and the companies that offer these loans work hard to provide you with weekly or monthly notes that are easy for you to afford. If your credit score isn’t as high as you’d like it to be or you have no collateral to offer, these loans can be pe...

Buying a house can be a life-changing event for anybody. It is not uncommon for someone to take a loan to fulfil his or her dream to buy a house. However, it is a huge decision and needs to be dealt with a clear idea of the terminologies and factors included in the loans. Most people end up calling ‘home loans’ a ‘mortgage’ even though it is not a correct interpretation of the term. What is the difference between home loan and mortgage loan? Complete guide Here is a complete guide that tells you about the differences between the two. What is Home Loan? The secured loan in which the bank or the financial company keeps the required documents of the property as assurance is called the home loan (https://www.loanbaba.com/home-loan/). The bank or the financial company provides you with a s...

Most individuals are searching for ways to save capital and often do not consider they have to have help when it comes to financial issues. Nevertheless, most individuals would be acutely wrong in this regard. Financial matters can be very bewildering and home loan finance is no difference. Rather than trying to do things on your own, you might think about a home loan advisor. A great many advantages might be obtainable for those who have made the assessment to use a mortgage broker to facilitate improve their monetary situation. An advisor like Keith Springer can offer you with information to help you make alternatives. The home loan advisor can do the research that is required to find the best rates for a home loan. A great deal of formalities is often required to get through the proces...