Forum

Yes, a person can have both a car loan and a home loan simultaneously as long as he/she meets the eligibility criteria for both and has enough evidence to prove that he/she is capable of repaying both the loans without defaulting on payments.

Educational loans are provided by a number of banks to help students pursue their higher studies in India or abroad. The interest rates for education loans in India begin at around 9% and can go upwards based on certain factors.

There are many banks and Non-Banking Financial Companies (NBFCs) that provide used car loans for individuals. These loans are specifically given when one wants to buy a second-hand or a third-hand car and not a brand-new car. People opt for used cars as they are more cost effective.

There are special gold loans for farmers known as agricultural gold loans that are aimed to help with crop production. The interest rates for these special agricultural gold loans begin at just 4% in banks such as SBI and others whereas, normal gold loans have interest rates that begin at 9.95%. In most cases, the interest rates for the agricultural gold loans are disclosed at the discretion of the bank to the farmers when required.

Down payment for your car loan is the amount that is paid initially when you buy your car with your car loan. It is the amount that is paid by you with your savings or earnings. The remaining amount after your down payment is the loan amount that is issued by your bank or the Non-Banking Financial Company (NBFC).

Most banks offer an option known as prepayment for loans so that one can close the loan sooner than the tenure opted for. This helps one get rid of one financial burden if he/she can do so. So, if you want to prepay your two-wheeler loan, there is a certain procedure to follow with your lender. 

Yes, you can get an education loan for an Undergraduate degree for a B.A. degree in India as long as you meet the eligibility criteria for the same and provide the needed documents to your lender.

The process of applying for an education loan to pursue your higher studies is not a very difficult process. Once you have gotten your admission into your desired college you can:

Yes, you can pay only the interest amount and pay the principal amount (loan amount) at the end of the loan tenure if you take a gold loan from a bank in India. But repayment options can vary from lender to lender, so it is always best to check with the bank you are borrowing from as to what their repayment options for their gold loan are and pick what is best suited for you.

Education is very important in India and so many banks and Non-Banking Financial Companies (NBFCs) offer education loans. They help facilitate individuals to pursue their academics further, enabling them to get good careers in the future.

Ashok Raut

Two-wheeler loans are in demand by many Indian citizens. Bikes and scooters are the most convenient private modes of transportation used to move from one location to another in the city traffic. They are also very fuel efficient in comparison to cars.

A home loan balance transfer is when a customer has taken a home loan from a particular lender and wants to transfer the outstanding home loan amount to another lender who provides a lower rate of interest and better service when compared to the current lender. 

If you are looking to buy a two-wheeler with a personal loan, there are certain eligibility criteria that you must meet to get the loan approved.

Buying a house is very expensive and a home loan can help an individual to do so without taking a toll on their pocket. It is almost impossible to buy a house in one shot as one would have had to save up for many years and also spending such a high amount in one go can affect the other finances one needs to look after.

If you are trying to help your father buy a bike, you can apply for a two-wheeler loan. Buying a bike in one shot can be very expensive and can take a toll on your pocket. If you have other financial commitments for the month, then a two-wheeler loan would be advisable as you can repay the loan in monthly instalments and this goes easy on your pocket.

Yes, students can get a two-wheeler loan to buy a bike if they meet certain eligibility criteria that are set by the lender.

One can finance a two-wheeler in India with the help of a two-wheeler loan that can be applied for from a bank or Non-Banking Financial Company (NBFC).

Yes, it is economical to take a loan against property. A loan against property is a secured loan and thus entails a lower interest rate than unsecured loans. This is very beneficial for a customer as a lot of money is saved on interest.

Buying a bike with EMI paid from either a credit card or with a two-wheeler loan provided by a bank or an NBFC (Non-Banking Financial Company) will have its own sets of advantages and disadvantages. You can pick which is better based on your personal requirements.

Two-wheeler loans are very widely sought after in India as the majority of the population travels either by bike or scooter. They are cheap to maintain and can help one get through the maddening city traffic with ease. There are many features of a two-wheeler loan.