Loans

What Entrepreneurs with bad credit need to know before applying for a loan - If you are an entrepreneur looking to get a loan and having bad credit then learn what to do before going to a bank and applying for a loan

Who can claim education loan tax benefits?It is every parents dream and duty to give the best education possible. Education is what will give our children a bright future. However, with the cost of education getting higher in India it is necessary to plan for the future of our children. Many people start saving money for their child's education at a very early stage even then with inflation and cost of education rising the saved money might just not be sufficient. Th

Buy the new iPhone 8/8 plus/X! Know all the financing options here The iPhone is one of the most sought-after mobile phones in the world and each year its launch is an event of its own. With the new iPhone 8/8 plus/X releasing in India with iPhone 8 and 8 plus releasing on September 29th in India where the iPhone 8 will have a starting price of Rs. 64,000 and the iPhone 8 plus starts from Rs. 77,000 and the iPhone X dubbed as the iPhone 10 will launch later in November and is ex

How Can You Get Finance to Fuel Your Business?Being an entrepreneur can be very exciting and at the same time very demanding. Building your own business is indeed a challenging task which requires enormous amount of hard work and support as well. To fuel your aspirations and dreams, you may require financial support. If you aspire to be an entrepreneur or expand your existing business, this article is for you. Read on to know how you can get funding to fuel your business. 

Smart Education Loans for Smart PeopleHey there! Yes, you, who has cracked all the entrance examinations that the world offers, but faced with perplexity as to how to fund your future.Yes, the cost of education is rising both in India and abroad. This trend is seen across institutions which offer higher education courses, leaving them little option apart from going for education loans.But are you getting the best education loan out there in the market? Does it c

How Small Businesses Can Handle Rising Interest Rates?Traditional small businesses which include everything from small family run enterprises to the kirana shop around the corner are a unique and integral part of our economy. In the wake of digitization and demonetization, small businesses in India underwent a sea of change recently.  Ironically, with banks increasing the interest rates, small and medium sized enterprises have taken the hit on its growth. Let us lo

How Good Is Your Business Loan Application? Things You Must Include While Applying for a Business LoanA good business loan application is a ticket to live your entrepreneurial dreams. To make it work, you must position yourself as creditworthy to the lenders. Portraying the right combination of figures, facts, achievable goals and realistic plans for your application is essential to convince the lenders that you are into a profit-making business.We have put together some

Want to Apply for a Loan to Buy Your Favourite Bike? Here is What You Need to KnowIn countries like India, commuting to the office in a crowded public transport could be time-consuming and a frustrating affair. A car or a two-wheeler can bring a sigh of relief and reduce your traveling time.Gone are the days when you need to shell out a huge amount of money to buy a vehicle of your choice. It has now become simple to buy a vehicle with banks and private lenders providing

Farm-Loan Waivers and the long-term solutionsFollowing demonetisation and a poor monsoon, the farmers in India went into distress as they could not repay their loans. The country saw dramatic protests by farmers over their suffering and demand for farm-loan waivers. This prompted the Centre and State Governments to offer relief of reduction or complete waiver of loans. However, let's us look us how

Loan Defaulter? Know What Happens When You Fail to Repay Your Loan!From rich business tycoons to poverty-stricken individuals, everyone takes loans for various purposes. There will be situations where we need to take a loan to accomplish our short-term needs when we do not have a huge amount of money.Loans enable you to repay in easy monthly installments with a certain rate of interest until a set period. However, life is always not a bed of roses. You might find yourself

Soft Loans to Empower Women in Rural AreasAn empowered woman can stimulate a positive change in society. If the Government's initiative comes to fruition then we could see women entrepreneurs plying vehicles between towns in various parts of India.This Independence Day the Rural Development Ministry is set to launch a self-employed program for women to support themselves financially.Read on to know the important features of this scheme and how it will benefit the r

Credit Card Vs Personal LoanIt is hard to determine which one is preferable as both help in meeting your financial needs, depending on the requirements and situations. Let us analyse their features and draw a comparison between the two.Credit Card Features:Credit Limit: Credit card offers a revolving line of credit to the borrower which can be used for the payment of various expenses. The card comes with a set limit as chosen by the cardholder, depending on

Self Employed? Here is how you can get a home loan.Majority of the work force in our country are self-employed and we admire the people who possess the acumen for entrepreneurship. But when it comes to applying for a home loan, self-employed professionals do not have it easy. They must go through several tiresome documentation processes when compared to salaried employees.The main concern for the bankers and lenders is the consistency and stability of the business owned b

Housing for All - The Pradhan Mantri Awas YojanaA Vision to make housing, affordableMore than half the world's population now reside in cities, and with cities getting more congested, the pressure on building homes for the urban poor and the middle-income groups is like never before.The Pradhan Mantri Awas Yojana (PMAY) scheme is part of the government's 'Housing for All' initiative and was launched in the year 2015. The aim of this initiative is to provide

How to Get Education Loan From SBI?Rising cost of education is a concern for many aspiring students. Every year, lots of meritorious students fail to pursue their dream course from their dream university due to lack of awareness about education loans.An increasing number of Indian students are aspiring to pursue higher education abroad, or get into premier universities in India. Pursuing undergraduate and postgraduate degrees is no piece of cake, given the soaring costs o

What is a Home Equity Loan?Owning a house is the best asset one can possess. A house is an asset which can be used to support various financial needs. For situations like college education fees, house renovation and repairing, medical bill payment or any major requirements, your property can act as a solution. Home Equity Loan allows you to borrow a considerable amount of money against the value of your residence. This is a secured loan as the lender can get back the loan

Things you must know before agreeing to be a guarantor for a loanIf a friend or a relative asks you to be a guarantor for a loan, it is hard to break free from the obligation.  However, before agreeing to be a guarantor, it is safe to know the terms, conditions, and responsibilities.A guarantor on a loan is the person who pledges to repay the loan to the lender if the principle borrower defaults. Lenders usually insist on a guarantor when the borrowing amount is high

What is a Balance Transfer?A balance transfer on a car loan allows you to review your debt obligations as per your budget. However, you need to be aware that there is a fee associated with the balance transfer. If you are looking to cut cost on your current car loan, then you can consider going for a balance transfer. This allows you to take advantage of lower interest rates and bring down the total cost of your EMI.Keep an eye out for offers on car loan balance transfers

Income Tax deduction for interest on Home LoanBuying a house is a dream for most Indians and if it happens to be your first home, it makes it more special. Affordable housing and home loans have helped many Indians realise their dreams of owning a house.There are other schemes through which first home buyers can benefit such as section 80E allows tax benefits for first time buyers. The interest paid for home loans can be claimed till the entire home loan amount is repaid

SBI Education Loan Interest RateThe number of students opting for higher education abroad has increased exponentially in the past few years. There is also a drastic increase in the number of students opting for education loans both in India and abroad due to the increase in the education expenses.SBI offers a range of education loan products depending on the country, institute, co-borrower details, collateral security offered and the academic background of the student.

The Indian government cares about each one of its citizens. As a result, the government has set up various beneficial loan schemes to help differently-abled citizens. The main objective of these loan schemes is to enable the economic empowerment of physically challenged people.