Once the final dues of someone home loan are paid, they become a proud owner of a home. It is a thrilling and emotional moment and a time for celebration. But, before them head on to celebrating, definite tasks in the home loan closure process essential to be taken…
A loan against property (LAP) is a secured loan that banks, housing finance companies and NBFCs offer against residential or commercial property. These loans are commonly offered at a lower interest rate as compared to a personal loan or business loan and are disbursed at a reasonable time. Anyone…
Till recently, entrepreneurs and self-employed found it easier to set up their businesses than get home loans. Their success and sustainable vision did not essentially guarantee housing loans because financial institutions frequently viewed them with scepticism and questioned their financial constancy. Though the self-employed account for a large share…
Requirement of additional funds over and above one’s income and savings is a common occurrence, particularly with increasing requirements in present scenario. Though there are numerous ways of sourcing these funds, one much sought after way is personal loan. The quick sanctions and even faster disbursals makes it a…
Buying a house is a major financial decision. It needs huge investment due to high property rates across important cities in India. Higher property rates would mean higher loans but sometimes, single income is not adequate to make one eligible for a higher amount that one necessitates. Under such…
Pradhan Mantri Awas Yojana – The interest subsidy scheme CLSS means Credit Linked Subsidy Scheme introduced by Ministry of Housing & Urban Poverty Alleviation (MHUPA) was announced by our honourable Prime Minister Sh. Narendra Modi with a vision of housing for all in 2022. Underneath PMAY scheme, the beneficiary…
Possessing a home isn’t just a keystone of wealth, it’s what gives them and their families, stability and emotional security. If individual are hesitant about buying a home because they feel that getting a home loan is a daunting task. But, applying for a home loan, is an extremely…
The Indian economy is badly affected due to coronavirus epidemic. This has poorest affected the small businesses in our country. The big companies have enough revenue, contingency funds, and important customer base to survive the outbreak with not much loss. However, small businesses don’t have sufficient funds for themselves…
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. Unified Payments Interface is a…
Finding the right business loan lender to avail a small business loan can be very confusing. It may sound easy to avail funds from Venture Capitalists, fund the business from savings, or to borrow from friends and family. Though, these are not the ideal options as they bring in…
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