Loan

In recent times, there has been an increase in fraud activities in housing and financial sectors in India. When it comes to financial crimes, mortgages and loans provide ample opportunity for scammers to defraud, steal, or cut corners. Given the illiquid nature of the property, it is nearly impossible to exit the investment in a hurry. And it is difficult to expose the offenders; therefore, it is critical to understand such frauds and learn how to avoid them. What is a loan against property? A loan against property is a type of secured loan, which is granted keeping a property as a mortgage with the lender or the lending institution. This property can either be an owned house, land, or any other commercial asset. Your property remains collateral with the lender until the entire loan is rep...

Providing education to their children is a crucial goal for all parents. However, they are often unaware of the spiralling cost of education, especially higher education, which can take a toll on a child’s ambition. Self-financing your child’s education is the best option. But sometimes, you may not have the required funds to meet the entire cost. This is where personal loans for education come to the rescue. Personal loans for education are targeted towards parents who require additional finance to cover their child’s education costs. It is a combination of saving and investment that ensures that your child’s financial needs are taken care of even in your absence. You can easily apply for such loans through personal loan apps for quick disbursal.  Wi...

We, People tend to face various needs that demand money regularly. Most times we make us of our hard-earned money fulfill all the needs. But there are also times where all of our earnings are inadequate to tackle the situations. In such cases, borrowing money from professional lenders is the best choice. We need to look for a licensed money lender who can provide the loan with a low rate of interest. People can look for licensed Lender Singapore online or they can consult with their family and friends for suggestions. People can also check the comments of the customer regarding different moneylenders and contact the one who has got the maximum positive comments. There are many reasons for taking a personal loan from a licensed moneylender and these reasons have been des...

Instant loans are the most common type of loans today. A loan that is taken to fulfil the needs for which you don’t have the money currently is known as a personal loan. If you are having a credit card, this loan is highly recommended. The personal loan comes in the category of unsecured loans. This is one of the best ways to get money when you want it the most and it is available in a short period. YeLo app is the best bet in the market that helps the personal loans seekers to get instant loans and from where. This app features plenty of loan providers and also features different interest rates and compares the prices and policies for you. The loan applicant can check through the app about what policies and loans will meet their needs the best and how it would benefit them in the long-run...

India has a significant market for short-term, unsecured financing. Studies show that the demand for such credit has risen considerably in the last few years; the data showed the total debt amount at around Rs. 20 Lakh Crore, which is a substantial increase from Rs. 6 Lakh crore in the last decade. Both secured and unsecured loans are offered by lending institutions at affordable interest rates and minimum documentation, making it easier for a borrower to avail the benefits of such credit schemes. However, the type of credit (whether mortgage or unsecured advance) one needs to avail usually depend on their unique financial requirements. Short-term unsecured credits are ideal for emergency financial requirements, while long-term secured advances are ideal for large scale expenditures. It is...

In this century, when the cost of living is reaching heights, personal loans have emerged as an ultimate way to carry out unexpected expenses. You can also meet the intended financial goals using a personal loan. If you use a personal loan EMI calculator before opting for a personal loan, then you can have significant benefits. Because EMI calculators have inbuilt preset formulas that can help you to plan your repayment schedule. The output from the personal loan calculator is always correct, so it does all the hard work on your behalf. Easy ways to plan your finances using a personal loan EMI calculator Doing EMI calculations yourself can be challenging. All types of different loans require different kinds of formulas. When you use a personal loan EMI calculator, then the calculation is d...

Whenever we talk about loans, the first thing that comes across in mind is EMI. The abbreviation, EMI stands for Equated Monthly Installment. It is a sum that a loan borrower is liable to pay every month in the subject to repay the loan.  The EMI amount is calculated in such a way that the loan interest is higher during the initial months and gradually reduces with each payment. There are three factors used in personal loan EMI calculation: Principal amount: This is the base amount that is borrowed by the customer as a loan. It may differ from lender to lender based on their evaluation of the customer’s profile.  Rate of Interest: The interest rate is the percentage levied on the principal amount. This may vary based on the lender to lender. Loan Tenure: The loan t...

When you require additional funds, loans taken on top of your existing home loan can be a great choice. Learn about the features of such loans and their several advantages in this post. Banks and NBFCs (Non-Banking Financial Companies) offer top-up loans to customers over and above their home loan to finance their various expenses. Since the customer has an established relationship with the lending agency, these loans are easy to get than applying for a new loan. If your current lender/bank does not offer top-up home loans, you can transfer your loan to another lender/bank. But before you transfer the loan, it is advisable that you check with the new lender if they provide a top-up loan. Eligibility To avail a top-up home loan, you need to satisfy the following conditions: ●  &nb...

When you are getting off at a limit from your bank, then you know that this overdraft loan will save you from the hassle. This dropline overdraft loan makes sure that you have a certain amount of cash for daily activities and withdrawal. The loan against property also has a lot of facilities alongside it. For example, there are different types of this dropline overdraft loan which you can avail at the same time. What is an overdraft loan? A dropline overdraft loan helps you to draw a certain amount of cash for yourself. It is guaranteed by a lender from your bank or your institutions from where you are getting these features once you get the overdraft loan for yourself, there will a specific limit to it.  And once you have made sure to draw your cash in from that limit, you will have ...