Anil took a home loan about four years ago, calculating that the builder would complete the project by the time the moratorium period on the loan had been completed. Now, four years down the line, the builder has yet to complete the handover. Plus, with the moratorium period having run out, Anil has to pay […]
Here are four common types of loans available that one can take for respective purposes
Savings bank accounts are the most basic financial product that are available these days. They are the primary business of banks; therefore, all public and private sector banks with retail operations offer savings bank accounts to individuals. In the past two years, the number of new savings accounts in India has increased substantially with the […]
A savings bank account is considered to be the most basic of investment instruments that an individual can possess. A savings account offers you a relatively modest return (3-6%) on the amount that you keep in the account while offering you immediate access to the money either via a debit card linked to the account […]
Why can’t they be valid forever? 1st January 2016 –It is the beginning of the New Year and you decide to take your family out for dinner at one of the most exclusive restaurants in your city. On completion of the sumptuous dinner, you take out your much valued ‘exclusive club’ credit card for payment.. […]
Credits cards often prove to be a blessing in the modern day world. Along with the convenience they offer and the ease with which you can use them, credit cards also provide a host of benefits to you. However, like other debt instruments, here too you need to exercise some caution to ensure that you […]
Ever been in a financial crunch where your money was temporarily stuck and you required some cash urgently? If you have been in such a situation, you would have come across three main options available: loan against property, gold loan and personal loan, apart from borrowing from family or friends. The first two being secured […]
The rising cost of higher education has made it quite difficult for parents to self-finance their children’s education. Viewing the potential of this market, leading banks in India have introduced a wide range of education loans to cater to the growing need. However, there are often some key differences between the application/evaluation processes followed by […]
Buying your own vehicle has moved from being a luxury to a necessity for many of us. Hence there is no dearth of car loans on offer from various banks across the country. In such a situation, it has become increasingly important to choose a car loan that fits your budget and offers you the […]
