Everything you need to know about Reverse Mortgage Loan
At old age along with health concerns another thing that impacts senior citizens a lot, is the lack of financial independence due to the unavailability of regular income. Where many rely on their children to take care of their daily requirements, others depend solely on pension. Many senior citizens do own a house in which [...]
Working Capital Loans for Small Business
When it comes to running a profitable business, one of the most important thing that matters is the business capital. Business Capital can be of two types: fixed capital and working capital. The substantial amount infused in a business for the purchase of physical assets such as factories, vehicles, machinery, etc is termed as fixed [...]
5 Tips to Get a Business Loan Sanctioned Quickly
It is indubitable that in order to flourish as an SME, obtaining a business loan is a saviour for many. A business loan is mostly availed by small and medium-sized enterprises to fund their short term as well as long term requirements. Whether you want to buy new machinery or expand your inventory, a business [...]
7 Myths About Personal Loans – Debunked
It’s 2021 and finance has become an inseparable entity from the economy. There is a loan for almost every financial necessity that arises. If one needs to buy a house or start a new business venture, banks and NBFCs are ready to financially facilitate people’s requirements. Out of all the different types of loans available, [...]
The COVID-19 Vaccination drive will kick off across the country on January 16, 2021
January 10, 2021
Source: Money Control
Pros and Cons of taking Unsecured Business Loan
Any loan advanced towards businesses is termed as a business loan or commercial loan. All kinds of businesses like (sole-proprietor, partnership, start-up, etc) can avail of it. Banks, as well as NBFCs, provide this type of loan to businesses as per their terms and conditions. Business Loan is of two types: Secured Business Loan and [...]
Government considers creating bank with ₹1 lakh Cr equity capital to fund roads
January 06, 2021
Source: Livemint
Understanding the Process of Home Loan Balance Transfer
For taking a home loan we always try to find the best deal with the lowest interest rate and other benefits. However, after opting for a home loan you realise that your bank is charging a high-interest rate then you can transfer your loan to another bank. Home Loan Balance Transfer is a process of [...]
The Central Bank of India to Exit its Housing Finance Venture
December 24, 2020
Source: Economic Times
Why RBI cautioned public against digital lending apps
December 18, 2020
Source: Economic Times