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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

Best Investment Banks in IndiaLet's start with the basics. What is an Investment Bank? An investment bank is basically a financial company that provides a range of services from investment, financial advisory, underwriting, research, trading, raising capital, issuance of shares and bonds, to recommendations and advisory on mergers and acquisitions. They are involved where large amount of money is involved.Who are the clients of Investment Banks?Typically, th

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

All you need to know about the SBI new rule changesThe State Bank of India, post the consolidation of its associate banks which include the state banks of Bikaner & Jaipur, Hyderabad, Mysore, Patiala, Travancore and the Bharatiya Mahila Bank became one of the largest banks globally. Following what is considered as the first major merger in the Indian banking sector, the SBI has issued new rule changes in its services which would come into effect the first of April 2017.

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.

Flexi Personal LoanA personal loan could help you in times of need. It is a hassle-free loan product offered by banks and other non-banking financial institutions. Being a collateral-free loan, it is one of the most sought-after loans in the market, despite its high interest rates. What is a flexi personal loan?Simply put, a flexi loan is an overdraft facility offered by banks to its loyal customers. It is a pre-approved cash limit that can be withdrawn when

Pre-Approved Personal Loan – All you need to knowA personal loan is a simple short-term loan which could be used for any legitimate purpose. You won't be required to pledge any form of collateral or security. It can be used to meet immediate personal expenses like a medical emergency, a sudden loss of job, to fund your wedding or higher studies, and finally, it can also be used as a capital for business or to consolidate debt.A personal loan has several advantages inclu

Digitization has seen tremendous changes in the Indian college scenario. Students carrying their laptops with them to college is now commonly seen in colleges across India, irrespective of their study discipline. Laptops are slowly replacing the traditional method of taking notes in books.

Income tax benefits on Personal LoanPersonal Loans are unsecured loans, which is ideal for situations when you need funds but don't have an asset to pledge as security. Generally, a personal loan is not taxable, as loans are not considered a part of your income when you are filing your IT returns.However, the personal loan must be from a valid source like a bank or other financial institution as loans from unknown sources may be considered as income while computing your t

How to improve Credit with Personal LoansThere are a lot of myths circulating in the Internet about how to improve your credit score. One of the most common myth is this—you need to get yourself into debt if you want to improve your credit score.  A good credit score can help you get approved for a home loan, auto loan or a personal loan. Your credit score will also influence the interest rate you pay on your loans. Lenders generally look for a credit score of 750

Axis Bank Personal LoanWhat is a personal loan?A personal loan is a simple short-term loan which could come handy during times of emergency like a sudden loss of job, to fund a wedding or higher education, to revitalize your business or to even cater to personal needs. Added benefit of a personal loan is that you won't be required to pledge any form of collateral or security.A personal loan has several advantages including relatively simple documentation, no

Government Loan Scheme for Unemployed YouthGetting a loan is usually a tedious process, even for salaried individuals. Several factors are taken into consideration: like your credit score, company history, past pay slips while appraising a loan application.If this is the case for salaried individuals, what do you do when you are unemployed and need a loan to start your venture? You might be in between jobs, or been out of a job recently and planning to start your own vent

Government Loans for Small Business Startup in IndiaIndia continues to be a nation that promotes ideas and the entrepreneurial spirit, in a 2016 report by NASSCOM India retained the title of the world's third largest startup base; this is a testimony to the facts that ideas and ideators can thrive in the Indian startup ecosystem and come up with socially relevant and technologically robust solutions for our country, this in a time when the startup scene across the world is not i

MSME LoanThe MSME or Micro, Small and Medium Enterprises sector has undergone a sea of change in the recent past and has given a great boost to the Indian economy by employing 1.14 crore Indians and contributing to almost 40% of our exports. The sector had been facing issues with inadequate funds and access to banks, but that has now changed with loans specifically available for them. Read on, to know more about MSME loans.Purpose of the loanThe MSME Loan pr

Mudra LoanMicro Units Development and Refinance Agency (MUDRA) is a new institution set up by Government of India as a wholly owned subsidiary Small Industries Development Bank of India (SIDBI) to provide funding for the development and refinancing activities of micro units. It majorly focuses on the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below Rs. 10 Lakh.The main objective of this scheme is to 'f

Personal Loan for IT EmployeesThe personal loan has become the go-to loan in case of emergencies. Be it for home improvement, pressing bills or marriage expenses, to pay for your dream vacation or to buy your significant other that much-coveted gadget, a personal loan is a solution.A personal loan is an unsecured loan, meaning you don't have to pledge any collateral as security to avail the loan. Lenders place no restrictions on how the borrowed money is spent.However

All you need to know about Personal loan part payment and pre-closureAre you in need of cash? Don't have any asset to pledge as collateral? Well, maybe you could consider a personal loan. A personal loan is a collateral-free, security-free loan, which is granted solely on the basis of your credit history and salary. It has a hassle-free application process and the loan amount is generally disbursed as soon as you are found to be creditworthy.A personal loan is one of the

How to borrow right Personal Loan from BanksA personal loan is the most popular loan offering in the retail loan market due to the various advantages it poses. It is generally an unsecured, collateral-free loan, with quick approvals and speedy disbursals. One of the major advantages of a personal loan is that the loan amount could be used for any legitimate purpose—the end use is not restricted, making it one of the most flexible loans in the market. Everyone could do w

How to Deal with Credit Card Debt Using Personal LoansA personal loan is perhaps one of the most popular forms of credit in the loan market. This is because it has many advantages, some of which is listed as follows:•    Minimal documentation•    On-the-spot approvals and instant loans•    Speedy processing•    Attractive interest rates—depending on your credit history•   &nb

How to Choose Personal Loan Tenure WiselyA personal loan can be your savior in times of need. The advantages of a personal loan are many:•    It has a quick turnaround time—lenders process your loan application quickly•    The loan amount is disbursed speedily—as soon as you are found to be creditworthy (Click here to get a free credit health check!)•    It is unsecured—meaning you need not pelage any sort o