Tag: Loan
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Brace for Paying Higher EMIs as Repo Rate Rises
The Reserve Bank of India (RBI) has recently hiked its repo rate (a rate at which the Central bank lends to financial institutions) and it is set to increase home loan EMIs. Yes, you read that correct! Your equated monthly installments (EMIs) may go up a bit as the Reserve Bank of India has increased…
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6 Ways to Reduce the Interest Rate on Your Small Business Loan
Being prone to financial crises is one of the most common issues that small businesses have to tackle. Furthermore, severe market competition can lead to instability in revenues and working capital. Also, those who are looking to set up a business may also find it hard to arrange funds as seed capital. Thus, entrepreneurs seek…
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How to Pay Your Home Loan Off Faster with These Simple Tips
Your home loan is one of the biggest financial investments you may make in your life. It is also one of the debts that we usually like to pay off as quickly as we can. Here are some tips to help you pay off your home loan faster. Shop Around for the Best Possible Home…
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When Should One Go for a Medical Loan?
Depending on the ailment, undertaking a surgery or medical treatment in India can be very expensive, with costs ranging from 5 to 10 lakhs or even higher. Additionally, over 80% of Indians are not covered under any health insurance plan, thus are exposed to the risks of a financially crippling hospital bill in case of…
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Step by Step Guide for Getting a Loan for Engineers
After paying heavy fees while pursuing your engineering degree, you might now wish to save as you move towards this journey as a responsible engineer. However, a qualified engineer comes across lots of situations that challenge him financially. In order to continue providing unique solutions for different problems, the engineering sector needs a continuous flow…
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Looking for a Business Loan? 6 Things to Avoid Before You Apply for a Business Loan
While dedication, perseverance and hard work play an imperative role in the success of the business, money is one such factor which is equally important, or you can say, holds more value than other parameters. You can either fund your business from your savings or apply for a business loan. With a rise in the…
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All You Need to Know About Business Working Capital Loans
Reena had recently started a boutique and it had now started earning profits. She presumed that things were stable and decided to take things online. She started receiving numerous orders and soon enough she received a huge order. While she had the resources to manage small orders, she miscalculated that she could afford the big…
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Easy Home Loan Repayment Options to Be Debt-Free Faster
Taking a traditional Home Loan is one of the greatest financial investment you will ever make. Your Home Loan EMI (equated monthly installment) needs to be paid for a minimum of ten years. It is often the largest monthly expense for most people. As a result, most borrowers are always looking for ways to reduce…
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How Much CIBIL Score is Required to Get a Personal Loan?
Your CIBIL score matters a lot while applying for a Personal Loan. It reflects your creditworthiness in a simple manner. It can be in the range of 300 to 900. A higher score means a better chance of securing a Personal Loan. It also gives you the advantage of securing a lower interest rate from…
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Signs That a Company is Struggling with Debt
In the modern age many companies have fallen victim to recession and the fluctuating marketplace. This is very worrying for employees as they could easily find themselves out of work. So how do you know if your company is having problems? Look Out for the Signs If you think there is something to worry about,…
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How to Get Furniture Finance with Bad Credit
Bad credit history may mar one’s chances of getting furniture finance. However, by targeting smaller local stores, making bigger amount of down payment, going for renting to own option or approaching bad credit finance companies can help in getting the load of huge furniture investment off one’s shoulders. If you are suffering from a plummeting…
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Benefits of Borrowing Cash Online
It is quite frustrating to be in urgent need of cash when you don’t have a penny in your pocket. When this happens, the first thing that comes to mind is how you will get the cash easily. Loans online have become prevalent and are considered the best solution for anyone interested in getting money…