Emi

How to Buy an iPhone 7 on EMIs without a Credit Card

If there is one smartphone that has a cult following and never goes out of trend, then it's undoubtedly, the ever-popular iPhone. Every time a new iPhone hits the market, both fans and speculators go crazy over the features, style, and charisma of the brand and its models.

Who doesn’t want to be the owner of a brand-new iPhone? With the benefits it has on offer, it can be a hard phone to resist. But is the price tag of an iPhone turning you down? Well, now there is no need to wait to buy your favorite iPhone, with an easy consumer durable loan from Bajaj Finance. You don’t need a credit card; you don’t even need to wait for months saving every bit of penny you have got.Getting a credit card might be difficult—you need to satisfy

Today, most commercial banks in India offer credit cards for their customers. Yet, the Indian market has been primarily a debit-card based one. Even today, a significant percentage of the population do not own or do not use a credit card.

How To Manage Your Finances This DiwaliCome Diwali time and it’s difficult to fight the temptation to shop like there is no tomorrow. Decorating the home, organising get togethers, shopping till you are dropping, and a lot of catching up with your loved ones sums up the essence of the Diwali season.It is also that time of the year when you are seduced  into buying things - that you might not really want - at 'mega bumper sales'. Your expenses can

Gift yourself an iPhone this Diwali It’s that time of the year again - festive lights, parties, visiting friends, family and neighbours and fun times with your near and dear ones. It’s Diwali time! Everywhere you turn, it’s the season for shopping and making a new start! Advertisements for gadgets of every kind bombard you from every direction, while retailers try and entice you with attractive offers that are hard to resist. So, getting into

You’ve done well in your exams, you’ve got admission into the college/university of your choice for an undergrad or post graduate programme but…..you do not have the funds to finance your education dream? If you need an education loan, worry not. Finding money to support your studies is no longer an insurmountable problem – whether you decide to study in India or overseas - so long as you qualify for the terms and conditions of the loan. Features of Ed

A big fat Indian wedding also means big fat expenses for the couple and the parents of the couple!  Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents look for suitable ‘wedding loans’ at a low interest rate that can help them tide

Celebrating a child’s wedding is one of the most important occasions in any parent’s life – and in India, this most joyous of occasions involve expenses on an equally grand scale. Few people have ready cash to fund expenditure of such a magnitude – which is why many parents and couples look for a suitable ‘marriage loan’ that can help them tide over this huge cash outflow. While there is no specific product known as a marriage loan, you can take a p

Buying an automobile - whether a new or used car or even a two-wheeler - can be quite a drain on your wallet. An auto loan is probably the best way to finance your vehicle so long as you research for the loan that best suits your needs including the interest rate offered, loan period (tenure) and the various other terms and conditions.What are the interest rates on an automobile loan? Unlike home loans, automobile loans have

If you are looking for a loan for apartment purchase, there is a vast array of home loan options available on the market. A home loan is a loan for buying any residential property – whether an independent house or an apartment/flat.  Here are some tips on how to successfully apply for a loan for an apartment.Tips for applying for loans for apartment purchaseLenders look at several factors

IDBI Bank currently offers an interest rate of 4% per annum for savings bank accounts.  The rate is subject to change at any time.IDBI Bank Interest rate on savings accountMost banks, including IDBI Bank, offer an interest rate of 4% p.a. on savings bank accounts. Earlier, the RBI had laid down a uniform interest rate on savings accounts for all banks which meant that there was no difference in the amount you earned as interest, regardless of which bank

Air conditioners are no longer seen as an expensive luxury. Unlike 15 or 20 years ago, we have become accustomed to working in air conditioned offices, shopping in air conditioned malls, and watching movies in air conditioned multiplexes. It is only natural to want the same comfort at home as well. The problem is not everyone has ready extra cash to fund these kinds of more expensive household products and need to look for an ‘air conditioner loan’! If you want to buy an AC, you c

With the mercury rising steadily in summer, it is natural to long for some air conditioned comfort at home. It is simple to apply online for a loan for an air conditioner online, without leaving your home in the summer heat. A consumer durable loan covers the purchase of household products including air conditioners. Many banks and NBFCs (Non-Banking Financial Companies) allow you to apply for a consumer durable

As the full heat of summer bears down, thoughts automatically move towards buying an air conditioner for the home! When temperatures rise steadily, having an AC unit at home can make life much more comfortable and make your leisure time at home more enjoyable.The problem is that not everyone has extra cash ready to purchase an air conditioner. If this is the case, it is possible to apply for a consumer 

Bank of India currently offers an interest rate of 4% per annum for savings bank accounts.  The rate is subject to change at any time.Bank of India Interest rate on savings accountMost banks, including Bank of India, offer an interest rate of 4% p.a. on savings bank accounts. Earlier, the RBI had laid down a uniform interest rate on savings accounts for all banks which meant that there was no difference in the amount you earned as interest, regardless o

An auto loan can be the first significant loan many people take from the formal banking system. While it is a wonderful feeling to own your own vehicle, the cost of purchasing the vehicle should not leave you unhappy! Here are some tips on what you can do to get a good deal on your auto loan. Remain updated on your credit score: When you are planning to buy a vehicle – whether two wheeler or car – the f

The amount of money that a person pays for his/her insurance policy is called the insurance premium. It is basically the amount charged by the insurance company to provide coverage. The insurance premium can be paid on a monthly, quarterly or yearly basis, depending on the insurance plan.There are a multitude of insurance plans in the market and the premium charged on each of these plans can vary depending on a carefully calculated combination of factors.How are insu

EMIs are probably one of the most substantial outflows from our monthly income and it is always a good idea to try and decrease the burden! But first, what exactly is an EMI? EMI stands for Equated Monthly Installment. It is a fixed amount you have to pay to your bank/lender on a fixed date, every month, for the entire tenure of your loan period, until you have fully repaid the loan with the interest due. The loan could be for any purpose – housing, auto, gold or

In simple terms, interest is what lenders (banks or other financial institutions) charge you for using their money. The interest rate charged is a percentage of the money that you have borrowed. So, for example, if you have borrowed Rs. 500, and the interest rate is 10%, then the interest you pay for using the bank’s money is 10% of Rs. 500, which is Rs. 50. Principal (Loan amount): Rs. 500 Interest Rate: 10% Interest to be paid:  10% of Rs. 500 = Rs

A home loan is offered to individuals who wish to buy an apartment or other residential property. A home loan is a secured loan meaning that the bank/finance company extends credit to the borrower with the home (or property) as collateral to safeguard against default. Once the borrower pays back the loan amount in full, including interest, the ownership of the property is fully transferred to the borrower’s name.The cost of borrowing money from a lender is known as interest.&nb