A Loan Against Mutual Funds enables individuals to obtain funds using their mutual fund investments as collateral. This type of loan is a practical financial option, with relatively lower interest rates than unsecured loans. Let’s delve into the specifics of Loan Against Mutual Funds, including interest rates and specifics like the HDFC Loan Against Mutual Fund and the ELSS Mutual Fund … Read more
Whether to purchase an electric or non-electric vehicle depends on a number of factors, such as your personal preferences, commuting habits, budget, environmental concerns, and the availability of charging infrastructure in your area. Consider the following factors when making this decision: In recent years, a silent revolution has been taking place on the roadways, one that promises to revolutionize how we … Read more
Investing is a vital component of financial planning, and locating the best investment schemes can assist individuals in achieving their financial objectives. There are a number of government-backed investment schemes available in India for risk-averse investors seeking both safety and high returns. In this article, we will examine five safe investment schemes with high returns that are suitable for investors of … Read more
Loan Against Property (LAP) has become a popular financial instrument in India, enabling individuals to access substantial funds by releasing the value of their property. This secured loan allows the borrower to use the funds for a variety of purposes, making it an attractive option for those in need of substantial financial assistance. However, misconceptions and falsehoods regarding LAP have caused … Read more
More than just a three-digit number, your credit score plays a crucial role in determining how financially stable you are. Your creditworthiness and responsibilities are evaluated using it by lenders, renters, and even potential jobs. greater loan conditions, reduced interest rates, and greater financial prospects are all made possible by having a high credit score. However, some bad practices can significantly … Read more
Given the cultural significance of the yellow metal and its prevalence in Indian households, there has always been a high demand for gold loans in India. A gold loan is a form of loan secured by gold items such as jewellery, coins, or bars. With the growing financial requirements of the population and the rising price of gold, an increasing number … Read more
Losing employment is a traumatic event that can have far-reaching effects on many aspects of your life, including your financial security. Your credit score is one area that is susceptible to significant influence. Your credit score is a numeric representation of your creditworthiness and plays a crucial role in determining your eligibility for loans, favorable interest rates, housing, and even employment. … Read more
Credit scores have become a crucial component of monetary well-being. They can have a substantial impact on a person’s ability to obtain loans, file for mortgages, and even rent apartments. Utilizing a credit card responsibly has traditionally been touted as an effective method to build a solid credit score. Nonetheless, it is not the only route. Due to personal preference, fear … Read more
Understanding your borrowing capacity is essential for managing your financial portfolio, particularly if you are considering personal or residential loans. Your loan eligibility often depends on your income and other factors. This article examines how Indian lenders determine your loan eligibility and the amount of a personal or property loan you can qualify for based on your income. Understanding Loan Eligibility … Read more
When you ask for a personal loan in India, the lender will look at a number of things to decide if you are eligible and how much you can borrow. FOIR, which stands for Fixed Obligation to Income Ratio, is one of the most important things that lenders look at. FOIR is a financial measure that lenders in India use to … Read more