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More and more people are discovering how convenient and easy it is to use a credit card to make purchases. Are you planning to apply for a credit card in the near future? Here are a few things to keep in mind: Will I qualify for a credit card? The main factors that credit card issuers look at are your credit score, your credit report and your monthly income. Credit score: If you h

Buying a home is probably one of the most important personal financial decisions you will make during your lifetime. What kind of loan to take is an equally significant decision as it has an impact on your life for decades, given the long repayment period of most home loans. One of the main factors when deciding on a home loan is the interest you will pay over the entire tenure of the loan. The interest you pay the lender is basically how much it will cost you to take the loan.

Often several potential car owners are discouraged from the idea of buying car because of worries that they might not be approved for a loan with a relatively low income. It is not impossible to get a loan to buy a car with a low income but some lenders might be willing to give you a loan if you prepare your loan application with some care.Here are some things to keep in mind if you want to buy a car while having a low income:1. First, it is common sense to judge if you real

A personal loan is a good option if you are in immediate need of money and want to repay it within a short time. There are two main advantages of a personal loan: i. You need not provide any collateral: Personal loans do not require any security or collateral so they are a good idea if you do not own any asset (like a home) to pledge as collateral. ii. No restrictions on how to use the money: There are no questions asked regarding

Your credit score plays a very important role in the loan-approval process. In general, it is advisable to have a credit score of 750 or above to have a good chance of having your loan application approved and being eligible for the most attractive offers which could include a low interest rate and larger loan amount.Here are five ways in which you can raise your credit score quickly:1. Make full and timely

Are you in need of some quick money for a short term expense? Or do you lack a ready asset (home, car, gold) that you can provide as security for a loan? Then maybe a personal loan is a good option for you. A personal loan is advantageous in that you can spend the money in any way you like. The lender does not place any restrictions on how you spend the money. Plus, there is relatively less documentation when applying for the loan since you are not providing any collateral. The main d

SBI is the largest bank in India and offers a variety of home loans to suit the needs of different individuals. It is possible to submit the loan application online and upload the necessary documents or you can visit a branch and apply in person.Loan approval and credit score: In general, you stand the best chance of securing a home loan if you have a credit score of 750 or above. Before you apply for a loan, ob

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

A home loan is a loan advanced to a person to assist in buying an apartment or other residential property. You can also apply for a Home Improvement Loan to carry out renovations to your home, or you can apply for a Home Extention Loan if you want to construct additions to your home. You can avail of a Land Purchase Loan if you simply wish to purchase land for purposes of constructing a home or as an investment. How can I apply for a home loan? There are sever

It is much easier to apply for a home loan now than it was some years ago. It is possible to apply for a home loan online, without visiting the bank branch or spending time talking to a representative. You can sit in the comfort of your home, at a time convenient to you and fill out the application online and upload the required documents. It is important to note that each bank/financial institution will have its own set of documents required. It is best to check the concerned lender&

It is simple to calculate the interest on a personal loan. Many of the lender websites have an online tool that allows you to calculate your EMI on your personal loan instantly. All you have to do is to input the loan amount, tenure and interest rate charged. You will learn how much your EMI will be and how much you will need to pay as interest on your loan. In general, interest rates on personal loans typically range from 15%-

Are you dreaming of going on a vacation, planning your child’s wedding, thinking of renovating your home, buying a new gadget or wondering where to get the  money to cover  emergency medical expenses? When you need money for short term expenses and plan to repay it quickly, a personal loan is the answer. State Bank of India (SBI) has several kinds of personal loans to suit your individual situation.SBI provides 4 types of personal loans to customers:X

A Personal Loan is sanctioned by banks or other lenders to individuals for personal use. Unlike a home loan or auto loan or student loan, there is no restriction on how you spend a personal loan. Typically, a personal loan is used for a large temporary expense like a child’s wedding celebration, or medical emergency or even a vacation. A personal loan is also different from auto/home/gold loans in that there is no collateral involved. The lenders do not hold any security deposit

What is the process to check credit history?

Dealing with debt collection agencies? Know how to tackle them.