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There is no such thing as best credit card, but you can make the credit card work best for you if you choose the right card that matches your credit needs. As you are new to getting a credit card, it is recommended to analyse your major interests and spending habits associated with it.

As per RBI’s new rule, banks are allowed to give 90% of finance to properties worth INR 30 Lakhs. Hence the rest of 10% has to be shared from your pocket. As your home loan falls between 25 to 30 lakhs, you may have to pay 10% of the loan amount which would roughly be 3 to 4 Lakhs and the rest of the amount will be shared by the bank.

Firstly, to get a good education loan at better terms, you should have secured the admission from an accredited college you wish to study. Banks prefer applications of candidates who have obtained admission from a reputed premier education institution.

Living in the age of technology, getting an instant personal loan is not a difficult thing. There are various lending-based apps that provide personal loans within minutes. Apps such as EarlySalary, CASHe and Paysense are few of them that provide app-based loans.

To apply for a credit card, you can go the bank’s official website and directly apply online or call up the credit care customer of the bank and ask the bank’s representative to contact you for application.

RBI has instructed banks not to levy prepayment penalty to the loans taken on floating interest rate. Hence if you had taken a business loan with floating interest rate, you can prepay the entire loan without having to worry about prepayment penalty.

In overdraft facility, banks deposit up to 75% value of the gold to your savings account. You can use as much as you require and pay interest for the amount use and the interest rate could change after a year or before as per the bank’s rule.

Your credit card outstanding amount in no way affect your loan application with another bank. It has no co-relation directly, however, if you have defaulted on your credit card bill payment, it would affect your credit score in which affect your personal loan approval.

As per the RBI’s direction, all banks are instructed to provide home loans at the 90% value of the property for loans up to INR 30 Lakhs. For more than that limit, the banks may demand 20% of the margin. The above said limit is however subject to within certain geographical limits.

The RBI has linked the base rate for loans given by the banks to MCLR system from the new financial year with effective from 1st of April 2018. This includes to the home loans provided by the State Bank of India.

Make prepayment of part-prepayment: As per the RBI guidelines, there is no fee levied on making prepayment and part-prepayment on home loans. if you have a huge amount of cash, you can make the prepayment and reduce the tenure.

Yes, you can convert your SBI Max Gain Home Loan into a regular term loan. 

There are four credit bureaus in India who generate your credit score and credit report. CIBIL™ is one of them and the credit score provided by them is known as CIBIL™ score. To improve your credit score, you may have to cultivate some of the important financial habits.

Any credit score above 750 is considered as good score by the lenders. If you have recently taken a credit from a bank or NBFC, you may have less than 750. A credit score is calculated based on various components like credit history, credit mix and credit utilisation ratio. To get a credit score, you may have to keep in mind the pointers given below

Bajaj Finserv EMI card allows you to make purchases for the pre-approved loan amount and repay it on a monthly instalment. The credit limit on the card is increased based upon review, and the approval is done on a quarterly basis.

You could be rejected for an education loan due to the following reasons. Poor credit score Poor academic performance Bad credit of the guarantor Not supported by enough collateral Education institution not listed by the lender Besides the above reasons, the approval of an education loan could also depend on the internal policies of the lender.

Getting a loan to purchase a plot is known as plot loans. There are several banks and NBFCs that offer plot loans for the purchase of land. These loans cannot be used for the purchase of agriculture land, industrial land and commercial land.

The documents required for a home loan may differ from place to place. However, generally the following documents are required to get a home loan in India.

You cannot get a home loan without the registration documents. The bank wouldn’t even accept your application form without the registration documents.

Not all banks have the same rule when it comes to the guarantor. Generally, the guarantor of an education loan should be either your family member or relative. If the education loan amount is huge, the guarantor should have a good credit history and enough collateral to get the loan. This is to ensure that the collateral can be used against defaults.

Withdrawing money from ATMs using your credit card could be quite expensive. Different banks levy different amount for the money withdrawal.