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Dream of higher education of large number of promising students remains unfulfilled due to lack of money. Education loan proves to be an attractive option for such students. All banks provide education loan on easy terms.
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A home loan is considered a secured loan for which the customer has to pledge his house as collateral with the bank as a guarantee
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When a loan remains unpaid for a long time, the lenders make a one-time settlement offer. Even though the loan gets settled under OTS, the credit score and repution of the borrower takes a beating
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Home, car and education loans are for long-term. Interest has to be paid along with the principal in the form of EMI. To avoid this burden of interest, some people try to repay their loan prematurely. When should you repay the loan before time, is there a fee on it, what is the benefit of loan prepayment? Read on
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The report for the festive quarter of third quarter of FY23 (Oct-Dec) delves deeply into the overall trends. It provides insights into the consumer loan categories, including auto, two-wheeler, personal, consumer durable, and home loans.
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The use of credit cards zoomed 20% in the last one year, debit cards shrunk as much as 31%.
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You pay installments, and in the end, the mortgaged asset becomes yours. But in reverse mortgage, it’s the opposite.You keep the ownership of your property with the bank or financial institution and, in return, receive money in installments.
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Co-lending is an arrangement where the loan is given by one entity but the risk is shared by two entities. A Non Banking Financial Company (NBFC) is the originator while a bank is where major portion of the loan rests.
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An investor can get a loan against mutual fund through an overdraft
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Just like a property is mortgaged for a home loan, the same way, a loan can be taken against a car
