In case of urgent cash requirements for unforseen events, most people opt for personal loans. These loans are quite costly, though they may be available at short notice. Ideally, these loans should be taken for short tenures as the interest rates are pretty high, upto 30 percent per annum. Personal loans require minimum paperwork - proof of identity, residence, income and bank statements for three-six months are usually sufficient. But before you take a loan, compare the
Do's and Don't while Buying, Selling Gold.
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Saving
Sunita Sharma, 38, was elated to find gold prices at more than Rs 20,000 per 10 gram in the first week of November, 2010. The 28-gram necklace bought for Rs 3,700 per 10 gram was about to earn the homemaker five times the price. An LCD television was in order.
Not so fast, Sharma would find out. She saw to her dismay that the necklace did not have a hallmark, or purity, certificate. Selling was going to be difficult because gold purity had not
Not so fast, Sharma would find out. She saw to her dismay that the necklace did not have a hallmark, or purity, certificate. Selling was going to be difficult because gold purity had not
Can Coin collection be a Gold mine?
Labels:
Saving
Suhas Kadam, a private-sector employee, dreamt of owning a house. But money was a problem and there came a point where he was about to give up on his dream. He had no godfather, no windfall or inheritance that he could turn to. He turned to the small investments he had made over 25 painstaking years-a collection of 252 "error" coins. These are coins in which minor errors had crept in during minting.
In 2009, he auctioned his collection for Rs 6 lakh.
In 2009, he auctioned his collection for Rs 6 lakh.
Are your saving for your Child Education?
Labels:
Saving
A child’s professional or higher education is one of the most important financial goals for every parent . Parents start imagining right from their child’s birth that their baby will grow up to become a doctor, engineer, pilot or an astronaut.
But with the cost of
But with the cost of
How to Access CIBIL Report?
Labels:
CIBIL Report
ou can now access your Credit Information Report (CIR) directly from CIBIL. CIBIL CIR is a record of your credit payment history compiled from information received from Credit Institutions. The purpose is to help Credit Institutions make informed lending decisions - quickly and objectively, and enable faster processing of your credit applications to help provide you speedier access to credit
What is CIBIL
Labels:
CIBIL Report
CIBIL acts as weeding mechanism, that helps identify poor repayment track records. It helps protect lenders from giving credit to people and establishments who are unlikely to repay what is lent. Even if credit is provided, it is done so at a very high rate of interest, thereby ensuring that the bank is able to recover a considerable sum of money even if a default happens
Procedure for Student Loan in different banks
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Student Loan
Allahabad Bank
Eligibility:
Allahabad Bank offers education loans to students who have secured admission or are already studying in any of the following institutes:
1. Indian Institutes of Management (IIMs’)
2. Indian Institute of Technology (IITs’)
3. Indian Institute of Science, Bangalore,
4. Jamnalal Bajaj Institute of Management, Mumbai,
5. XLRI Jamshedpur,
6. Roorkee Engineering College
7. Indian School of Mines, Dhanbad
Procedure to get an education loan in Syndicate Bank
Labels:
Student Loan
If you are planning to pursue higher studies, you can choose from several kinds of education loans in India. Syndicate Bank Education Loans are quite popular among the students. This student loan covered under SyndVidya Loan Scheme is aimed at students willing to pursue basic education as well as advanced academic programs. Under Personal Loan Products, this bank also has other kinds of loans on offer. As the history goes, Syndicate Bank was founded at Udupi,
Procedure to get an education loan in SBI
Labels:
Student Loan
1. You must have an SBI account. Open a bank account if you do not have an SBI bank account.
2. Decide the education loan amount as per the education fees and overall expenses of the education.
3. There is no requirement of security for a loan amount of less than Rs, 4 lakhs. So, try and get a loan amount close to this amount.
2. Decide the education loan amount as per the education fees and overall expenses of the education.
3. There is no requirement of security for a loan amount of less than Rs, 4 lakhs. So, try and get a loan amount close to this amount.
Bank of India Student Loan procedure
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Student Loan
Bank of India has Star Educational Loan on offer for the students willing to pursue higher education. Meritorious students are offered Bank of India Education Loan so that they can study a graduate, computer certificate, diploma, postgraduate, specialized or professional course in
Most common Home Loan problems
Labels:
Home Loan,
Unsecured loan
Getting a home loan is a lengthy procedure. However simple it might look in the bank's advertisement, the fact remains that there are a lot of hiccups in the entire process. Here are the 7 most common problems faced by home loan borrowers in India. Each problem is discussed in detail and appropriate remedies are mentioned along with it. The objective of this article is to ensure that your home loan becomes a hassle-free
Home Loan Procedure in India
Labels:
Home Loan,
Unsecured loan
Home Loans
If you have been plagued by tiresome landlords and had to suffer many house shifts, you would be considering buying a house of your own. You can avail of a home loan from a housing finance company. The home loan market is crowded with housing finance institutions as well as banks that offer competitive rates for the loan and services. Major players in the market include HDFC, LIC, ICICI and nationalized banks. These housing loan companies offer many varied products to suit different
If you have been plagued by tiresome landlords and had to suffer many house shifts, you would be considering buying a house of your own. You can avail of a home loan from a housing finance company. The home loan market is crowded with housing finance institutions as well as banks that offer competitive rates for the loan and services. Major players in the market include HDFC, LIC, ICICI and nationalized banks. These housing loan companies offer many varied products to suit different
Procedure for Car Loan
Labels:
Car Loan,
Vehicle Loan
Here is the car loan procedure and the required document for you to buy a new car or a used car from the car seller. You must have Driving License, Pay slip.
Refer your car seller about the Loan approval for hire purchace agreement and car registration. You can check the latest plate number and choose your own desired car registration number.
REQUIRED DOCUMENT FOR LOAN
Application (Copy)
Applicant:
1) Identity Card
2) Driving License
3) Pay slip (3 Month Latest)
2) Driving License
3) Pay slip (3 Month Latest)
Bad Credit Remortgages
Labels:
CIBIL Report,
Credit Report
No-one's perfect. I'm sure we can all remember a time where we have got into financial trouble, be that big or small. Therefore, we can sympathise with those of us who have been continually rejected by Lenders based solely upon our poor credit. There are various reasons why an individual can have bad credit, from unexpected illness to County Court Judgements (CCJ's) to bankruptcy or repossession. Bad credit can also be resultant of quick loans, for example 'payday loans' and Credit Cards as they create illusionary spending power, which prompts extravagant spending. This can often result in the borrower becoming trapped in a vicious cycle of loan dependency.
How to get job after filing bankruptcy?
Labels:
Bankruptcy
It is not rare but quite often when you are compelled to lose your job only because of filing bankruptcy. As soon as you find yourself immersed in such filing bankruptcy, it becomes quite difficult for you get appropriate job. Sometimes, it becomes more difficult to get even any job only because you are concerned with filing bankruptcy. It can be seen simply nowadays that being qualified and having so many degrees and certificates, many individuals are refused to give job only because of their poor bank records. However, it is quite significant to say that if you are employed somewhere and then because of this bankruptcy, you are thrown out of the job then you are double trouble.
Benefits Of Charity And Donation
There are many people among us who want to help others. Donating your money for charity is one of the best options available. There is no greater joy than making the other one happy. Donating the money for the charity is different from donating clothes, food or anything because when you are donating the money for the charity you are giving an option to the receiving person to spend it according to their own needs. Most of the time people donate the money to the charitable organization which decides about that expenditure of the money.
Personal Loans Online Instantaneously
Labels:
Personal Loan
Personal loans online can be found instantaneously. If you Google personal loans, thousands of sites will appear for your choice. It is in your best interest to research all of your options to get the maximum benefits of a loan. You want to be sure that the interest rates are not too high. Researching how each one works can be a value to your loan process. Be aware of scammers too. They are around and if you get caught up in their scam you could lose everything.
Why Tenant Loans Can Be Hard To Obtain
Labels:
Home Loan,
Unsecured loan
Tenant Loans are basically unsecured loans for people that do not own their own home. It is generally held that tenants are more likely to suffer from a poor credit history than someone who owns their own home. True, when running a credit score on a loan applicant, tenants will always fall short on the score. However, this may not necessarily be due to having a bad credit record, with a history of missed loan or credit card repayments or defaults. The very fact that they do not own their own home means that they probably do not have a stable residential history, particularly in the eyes of the lender.
Home Loans: Standard Or Extended?
Labels:
Home Loan,
Unsecured loan
It used to be popular to get an extended period home loan, where you were able to pay a lesser amount each month for a longer period. This is because the amount that needs to be paid back is spread out over a longer period of time. Now is it really a good way to save money when compared to a standard home loan?
The Benefits Of Unsecured Lending
Labels:
Home Loan,
Unsecured loan
Obtaining finance can sometimes be difficult, and in many circumstances it is necessary to provide some form of security to your lender that you will repay the money you borrow, this security is nearly always in the form of your house, so if you do not meet your repayments, the lender can force the sale of your house to recover the money you owe them.
What Makes A Credit Score?
Labels:
CIBIL Report,
Credit Report
Determining your line of credit and interest fees are the primary uses of your credit score by different companies, which can be anywhere between 300-850. 90% of the companies and lenders who check into individual credit history utilize the FICO (Fair Isaac Company) credit statistics. The greater your FICO credit score number, the better.
Get A Credit Score For Nothing
Labels:
CIBIL Report,
Credit Report
It is recommended that you stay informed of what our credit report says. Correcting these mistakes on your credit report soon as they show up can help you to limit the denials that you receive based on the credit score. Monitoring your credit report is also a very good way to ensure that you have not become the unfortunate victim of identity theft or other kinds of
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