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Showing posts with the label Loan

If you are changing jobs frequently, you will not get a personal loan

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People usually take personal loans when they need money.  But getting this loan is also not easy.  Banks or non-banking financial companies (NBFCs) take into consideration many things about an applicant before lending to any person.  If none of these are correct then your application may be rejected.  We are telling you about 5 such things on which your loan approval depends. CIBIL score must be good CIBIL score shows the credit history of a person.  In the case of personal loans, the banks definitely check the applicant's CIBIL score.  The credit score is determined by several specific credit profiling companies.  In this, it is seen that you have taken a loan before or have used credit card etc.  The credit score of any person is reflected in the repayment history, the ratio of credit usage, the timely payment of existing loans and bills.  This score is in the range of 300-900, but the score of 700 or more is considered by the lenders to be good. Do not apply too much. Personal l

Piramal Group Chairman Ajay Piramal has become the new owner of DHFL

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Dewan Housing Finance Corporation (DHFL), the bankrupt housing finance company under financial tightness, corruption charges and bank debt, has got a new owner. Piramal Group Chairman Ajay Piramal has become the new owner of DHFL. DHFL creditors have approved the bid of Piramal Enterprises. DHFL said in a regulatory notice sent to the stock exchanges on Sunday that the bid of Piramal Enterprises was approved at the COC meeting held on January 15, 2021. DHFL said, the Committee of Creditors accepted the offer from Majority to Piramal Capital and Housing Finance Limited under Section 30 (4) of the Insolvency and Bankruptcy Code (IBC).  Piramal's proposal from DHFL's Committee of Creditors (COC) received 94% of the vote, while the other contender for the deal was American's Oaktree Capital with only 45%. Let me tell you that minimum 66% votes were required to win this bid. Ajay Piramal has managed to buy DHFL despite a lower bid from Oaktree Capital. Ajay Piramal's company

How to choose the Best Personal Loan

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By virtue of being an unsecured loan, personal loans have a very high rate of interest attached to it. So one should consider taking a personal loan only if: You do not have an asset/security against which you can get a loan. For e.g. if you have an FD you can pledge, a secure loan might make more sense. You have some visibility on your cash flows and are sure that you will be able to repay the EMIs (Equated Monthly Installments) in time. Else you are bound to enter into a debt trap. There is an emergency and you need funds immediately. A personal loan can be taken because the processing time is much lesser on account of minimal documentation. Opt for personal loans only to meet your essential needs which cannot wait. It should be your last resort. Taking it for satisfying leisure needs can prove to be costly i.e. for gambling, buying a new car (a car loan is a better bet with a lower interest), etc. Before you choose your personal loan: Calculate the cheapest loan offer: These loans c

Home Loan Providers in Raipur Chhattisgarh

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Raipur is the capital and largest city of Chhattisgarh.  As per Population Census of India 2011, Raipur, Chhattisgarh has a population of 2 Lakhs with 43,600 households spread across in the area of 1100.92 sq. km.  Raipur has become the educational hub of Chhattisgarh due to the presence of many institutes of National importance in Engineering, Management, Medical, and Law. It is the only city in India which is home to IIM, NIT, AIIMS, Hidayatullah Nationa l  Law University, and IIIT. It is a  business center with renowned global automobile companies and international brands. Its economy is majorly driven by agricultural processing,  oil mining, steel industry, plywood industry, soap manufacturing, etc. If you plan to settle in Raipur, Chhattisgarh. Then there are many financiers and banks. They can help you with buying your dream home. They provide home loans to both salaried and self-employed at a reduced rate of interest. Home Loan Providers in Raipur Chhattisgarh are SBI Home Loan-

Tips for Faster Processing Of Your Bank Loans

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Are you also among those facing a tough time getting your bank loan approved? With economic recession increasing at an alarming rate the bank lenders have made money lending policies more stringent. Thus, your application should be spotlessly perfect to avoid any doubts in the minds of the investors. So, if you want lenders to review your application and grant it without creating any problems, then these guidelines should be kept in mind. • Know your preference well: Before making a move to the bank with your application it is advisable to check all the loan options available online which are being offered by other rival companies. This would give you an idea of what kind of loan you are looking for, whether its terms and conditions are feasible for you, and time for repayment which should be as short as possible. If you are looking for some specific type of loans like an auto loan or mortgage loan then do a research work on all the deals available to get the best deal. Nowadays, you a

Types of Loans!

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Whether you are looking for a new home or you need to do something that is considerable, it doesn't matter. There will be some important times when you will essentially have to acquire the services of a loan. You will have to choose from the different types of loans that are available to you. These loans are extremely popular and each one of these is useful. Thus you will have to make sure that you choose the type of loan that is the most appropriate for you. A secured loan With the help of a collateral loan or a secured loan, you will be able to leverage your personal property in order to obtain your loan. If you default under any circumstances, your property will automatically be transferred to the lender. The loan amount and the interest rate can also vary depending on the property's value. A higher property value can get you a very large amount of loan. Unsecured loans Unsecured loans are not generally backed by any collateral. Thus the size of the loan and the interest rat

What Is an EMI?

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An EMI Equated Monthly Installment is a financial term used in loan repayments. It's a quick and easy method to pay off any type of loan. When a borrower takes a loan from a bank or NBFC, the repayment of the loan is done mainly in specific monthly installments.  These fixed financial installments are known as EMIs. The amount of EMI is dependent on the principal loan amount, tenure and the interest rate. This monthly installment or EMI amount is supposed to be paid on a fixed date to the bank by cheque or by electronically. Throughout the loan tenure the EMI amount changes or remains the same? The changing of EMI amount depends on what choices the borrower makes while opting a specific EMI plan and paying it. Floating Interest Rate: If the borrower opts for a floating rate of interest, the amount of EMI will change every time a new floating rate is set by the lender. But the borrower can ask the lender to change the tenure of the loan instead of the amount of EMI. Prepaying the Lo