When opting for loan, there are various factors one would need to consider. Some of the important factors include interest rates, principle amount and even the repayment tenure. In addition to this, the applicant would also need to consider the EMI’s. Equated monthly instalments also known as EMI’s specifies the number of months you have…

Starting one’s own business takes a lot of time and effort. There are a number of factors one needs to keep in mind during the planning stages. One of the biggest requirements of any new business is a source of finance. Purchasing land, machinery, labor, raw materials, etc requires a lot of money. The startup…

There are a number of factors which a financial institution keeps in mind when considering an individual’s loan application. Getting a higher mortgage loan amount is not easy the expectations of the financial institution from the applicant tend to be higher when it comes to their credit score, age, income, etc. Here are a few…

Loan against property is a type of mortgage loan which allows individuals to provide their own property as security when applying for a loan. A personal loan is a type of loan which financial institutions offer their customers with no requirement of security. The difference between a personal loan and a loan against property are:…

A recurring deposit is a type of term deposit in which the individual is required to deposit a fixed amount each month with the financial institution. This is considered to be an ideal option for individuals who wish to improve their savings. Keeping money aside each month as savings can be a difficult venture. However,…

Although the home loan will provide one with the financial assist to purchase a home, one would first need to consider the eligibility factors for the loan. A housing loan eligibility calculator is one way to ensure that an applicant know the factors that will contribute to the eligibility status. As per the house loan…