When it comes to investing the money in a financial instrument, the focus is not only on the earnings you can make but also the safety. And when it is about mutual fund investments, which are market-linked, there can be risks of varying degrees. While for some, equity mutual funds can be the best bet. But many may not find them appealing. Different investors have different risk-taking capacities, which actually dictate their investment style. So, the definition of best mutual funds can vary across the classes of investors. Therefore, I have chosen the moment to elaborate on the best mutual funds for different investors. Risk-savvy Investors For people with a greater risk-taking ability, the equity mutual funds are the best investment they can opt for. These funds invest in a wide range of equity and equity-related instruments to raise the value of your investment. The investment objective of these funds is primarily to build the capital as the time moves along. The risk factor in these investments can be extremely high as the subdued market movement can erode the value of your investment. But if your investment horizon is long, say 10-15 years, the risks get averaged out and the investment value grows substantially higher. Investors with Low-Risk Appetite Retirees or investors with lower risk-taking ability can take advantage of the stable income generation plans of debt mutual funds, which invest in a myriad of debt securities such as bonds, monthly income plans, and others. The prime motto of these funds is to ensure the safety of the investment. So, if you have a low-risk ratio, these funds are the ones you should subscribe for. Moderate-Risk Investors Investors who have a moderate risk ratio can opt for balanced funds to start off their mutual fund journey. Balanced funds, which invest in both equity and debt instruments in different proportions, aim to appreciate the invested capital and ensure safety at the same time. Balanced funds can be debt or equity oriented. While the debt oriented funds would mostly like to put your money in debt instruments, equity oriented ones would invest predominantly in equity and equity-related securities. Investors Looking for Liquidity If you are looking for investments that can offer higher liquidity, the answer lies with liquid funds that invest in instruments with a very shorter maturity period, typically ranging upto 3-6 months. Fixed Maturity Plans (FMPs), treasury bills, call money and government securities are the investment area of liquid funds. Above funds are based upon your risk profile and wants. But it’s important to know your risk profile at the same time. Do you know the ways to assess the risk profile? If ‘No’, then read the below points carefully. Present Situation- The present circumstances such as your amount & sources of income, assets & liabilities, age, dependents, and the capital ready for investment also influence your risk appetite. Past Experience- Your approach to a mutual fund investment could well depend upon the experience you would have had earlier. Using that experience, you can judge your risk profile. Investment Attitude- But it’s the behavioural traits of investors that ultimately dictate the choice of mutual funds. If you are comfortable bearing short-term losses for higher gain in the long-term, it would mean a higher risk-taking ability on your part. Else, your risk capacity is either moderate or low. The choice of mutual fund investments would also be influenced by the investment goals you may have set for yourself to accomplish over a period of time. Commonly, investors have the following goals to achieve through mutual fund investments.
To achieve a maximum of the goals stated above, it can be easily inferred that the best route is to invest in equity funds that aim to appreciate the invested capital. If you are in for a long haul, equity funds can make your life better. I hope you now know your risk profile and the best funds for yourself to sail through in your investment journey. Do not pick funds without assessing your risk profile as it can put you in a state of bother. Article Source: https://goo.gl/4M9uLl
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Different individuals have different dreams in life. And, among those many dreams, buying a sparkling car is surely on the wishlist of many, right? But, today with the rise in monthly expenses, it is nearly impossible to do the savings for your wishes. So, what to do? What is the best solution to fulfill your wish, even if you don't have enough finances or savings for the same? Well, my friend, the answer is a car loan. Yes, if you avail the same, you will take a one-step further towards your wish and would be able to get the keys of your favorite vehicle. Yes, my buddy, believe it not, but a car loan allows you to fulfill your most possessed passion in the most hassle-free manner. But, before you go for the same, it is important to pay attention to ICICI car loan interest rate.
Being one of the largest private sector banks, this lender over the years has created its own space in the banking sector, this is the reason that each of its product has been thoughtfully designed to meet the specific needs of all. So, let's have more clarity on the topic below. The bank offers the loan with fixed rates, which means your interest will remain the same till your loan gets repaid. The bank offers the credit facility for new and used cars at competitive rates with flexible tenures. The interest rates range between 10.75%-12.75% p.a. (new cars) and 15.50% (used cars), both on monthly reducing balance for a tenure of 1-7 years. Now, one thing that needs to be mentioned here is the fact that those who are availing this credit facility for the first time, instead of taking an impulsive decision, they should take a calculative decision. What, didn't get the same? Let's just give you more clarity below. Before saying 'Yes' to a lender, it is really crucial for you to know which lender is offering the best deal. And, that can easily be done, if you compare different lenders on various parameters, especially the interest rates. Yes, different lenders offer you the credit facility at different rates, once you started comparing them, you would be able to know which lender to choose, and which one is offering the best deal. You must be wondering how comparing the lenders, rates and the best deal has a connection, isn't it? Well, let me tell you, my friend, it's gonna be an eye-opener for you. Let's just reveal the suspense below. The moment you compare different lenders, you will be able to find the one, which is offering you the credit facility at lowest rates because the higher the rates are the more burden will be on your shoulders. So, always try to find a lender, which offers you the best deal i.e. the credit facility at lower rates so that the less burden will be there on your pocket. Suppose, Rakhi Singhal, a 28-year-old Software Engineer by profession is looking to avail a car loan, thus for the same, she has applied in a bank. After evaluating his profile, two lenders are ready to offer her the loan of ₹6 Lakh for a tenure of 5 years. The catch here is that one is offering the interest rate of 9.50% p.a. and another one is at 12.75% p.a. So, whom Rakhi will choose? Let's find out below. Scenario 1: Loan Amount: ₹6 Lakh Interest Rate: 12.75% p.a Tenure: 5 years EMI: ₹13,575 Interest Outgo: ₹2,14,511 Total Amount Payable:₹ 8,14,511 Scenario 2: Loan Amount: ₹6 Lakh Interest Rate:9.50% p.a. Tenure: 5 years EMI: ₹12,601 Interest Outgo: ₹1,56,067 Total Amount Payable: ₹7,56,067 Moreover, with the help of both the scenarios above, it would be easy for you to understand how a lower interest rate can actually make a big difference in the EMIs, interest outgo and total amount payable towards a car loan. Hence, it would be better that Rakhi will choose the lender offering lower rates as that credit facility will be lighter on her pocket, thus to make his journey memorable. So, now that you know why it is important that you should know about ICICI car loan interest rate before so as to grab the best deal for your favorite car. Article Source: https://wishfin.blogspot.in/2017/02/before-buying-your-dream-car-know-about.html Everybody wishes to have his/her own dream car. After all, the feeling of driving one’s own car is so special and mind blowing. There are many people who wish to own a car but the lack of finance stops them from buying their favorite car. In case you have figured out which car to buy and you are looking for a helpful lender to offer you a helping hand, then I have some news for you. You can avail a Syndicate bank car loan at attractive interest rates. The bank won't disappoint you and will offer you a good deal which you won’t be able to resist. You can obtain finance from the bank for the purchase of a new as well as used car. Both salaried employees and self-employed individuals can look forward to the bank for their vehicle needs. Carefully examine this article to know all the relevant information about the product offered by Syndicate bank. Eligibility criteria- The first basic step of availing any loan from the bank is to meet the imposed eligibility criteria set by the bank. Check out the eligibility norms set by Syndicated bank for a car loan here-
Quantum of finance-
Interest rate- Before availing any loan product, it is very important to keep in mind the interest rate offered by the bank. Higher interest rates clearly means you will have to pay a higher amount to repay your loan successfully. Syndicate bank offers a car loan to suitable loan applicants at an interest rate of 9.40%. Repayment tenure- The bank offers a flexible repayment tenure ranging up to seven years for a car loan. The tenure provides flexible options to the applicant to repay his/her loan. List of documents required for a car loan- The interested applicant is supposed to complete the documentation work for successfully obtaining finance from the bank. Don’t forget to see the list of documents-
Syndicate Bank Car Loan EMI Calculator- It is very important to consider the EMI amount you will have to pay, while availing a loan from the bank. In case your EMI amount is on the higher side your monthly budget can get disturbed. Now you must be thinking, how can you calculate your monthly installment? After all, that EMI calculation process seems to be confusing and tricky, isn't it? You don’t have to worry about the manual calculation anymore. Syndicate Bank Car Loan EMI Calculator have been specially designed for this purpose. You have to do nothing but just type in your loan amount details along with the rate of interest and tenure period. This will give you instant information regarding your monthly installment and the total interest payable. Let’s make it clearer with the assistance of an example. Suppose Abhishek wants to avail a car loan of Rs. five lakhs from the bank. He approaches the bank and secures an interest rate of 10.35% for a period of seven years. With the help of this magical tool, we can easily find out the EMI amount. The EMI amount will turn out be Rs. 8,391 and the total interest payable will be Rs. 2,04,869. That means Abhishek will have to pay a total amount of Rs. 7,04,869 in order to completely repay the loan amount. Article Source: https://wishfin.blogspot.in/2017/02/bring-home-your-favorite-car-with.html When it comes to home, it is surely one of the most obsessed possessions of many, don't you think so? Yes, a large number of people after settling down in their professional life start planning their personal life. And, when we say personal life, the planning of buying a dream home comes first, after all we all wanted to have that personal space, where we can do whatever we want. However, one thing that needs to be mentioned here is the fact that buying a property, especially in today's time is not everyone's cup of tea as the real estate prices are beyond the reach of many. Keeping this thing into consideration, these days not only one but many lenders available in the marketplace, known for giving the financial help to those who are in urgent need of money to build their dream home.
But, again the big task is how to choose the best lender. Well, nothing to worry as for your help, in this article we are going to share the insights of LIC home loan so that it becomes easy for you to choose a lender, which offers the best deal. So, let's not waste any time and try to understand more about this product. LIC Housing Finance is undoubtedly one of the leading NBFCs (Non Banking Financial Company), worldwide known for providing the secured financing solutions to the needful at affordable rates. This financial firm apart from providing the regular home loan to purchase, construct, repair, renovate also offers gives finance to professionals to purchase as well as construct clinics, nursing homes, diagnostic centres, etc. If you want to avail this credit facility, LIC offers you the same at an interest rate of 8.50%-8.65% p.a.(women) and 8.55%-8.70% p.a.(others) for a tenure that ranges between 20-30 years. The best part about this credit facility is that it comes to you at nil processing and foreclosure charges, and you can avail the loan amount for upto 75%-85% of the property value. Both salaried as well as self-employed can go for the same by fulfilling the eligibility criteria set by the lender. So, let's just know more about the eligibility norms of the same product.
Now, that you know the eligibility, so let's just discuss the types of loans offered by LIC to all its esteemed customers. This NBFC offers different types of home loans to the people belonging to the different categories such as Indian, NRI and Pensioners. Resident Indians: The lender offers the credit facility to the resident Indians so as to fulfill their need of buying a new house/residential unit, constructing a new home/residential unit or doing an extension in the existing property. Non Resident Indians: The lender do understand the fact that NRIs can also have their own property in their own country, hence offers them this scheme, wherein the NRIs can avail this credit facility to purchase or construct a new house or can also make the extensions in their existing property. Pensioners: LIC makes life simpler for those who are in the process of retirement or have crossed the same. Under this scheme, the pensioners can avail the multiple benefits such as attractive interest rates, flexible tenures, less fee and charges and so on. Well, my friends now you must be wondering what all documents are required to avail LIC home loan, isn't it? If that is the case, here we are letting you know about the documents so that you can avail the same without any hassle. So, take a look below to know about the documentation required. Common requirement for all applicants:
For Salaried persons:
For Purchase from Builder:
For Direct allotment in a Co-operative Housing Society:
For Direct allotment in a Co-operative Housing Society by Public Agency:
For Public Agency's allotment to individuals:
For Resale:
Article Source: https://wishfin.blogspot.in/2017/02/with-lic-home-loan-say-yes-to-your.html Not often it is possible to do anything everything you want on your own. Wishes do not stay within the four walls of a room like the many traditional Indian housewives do. While you would love to take your love to the sandy beaches of Barcelona, your friends would be more interested in picking up the latest mobile phone in the market. The costs for all these can get higher and thus make you approach a bank for a loan of your budget. You should look for a suitable personal loan, which can be availed for any purposes like marriage, education, buying a consumer durable or others. As far as the lender is concerned, there is no doubting of the fact that State Bank of India (SBI) emerges as the most popular bank among its peers. With over 14,000 branches, SBI is the most visible of the lot. But will it be worth for you? I mean to say, have you checked out the interest rates? The reason why this question assumes significance is because of the fact that the interest rates are the ultimate decider of your pocket’s health. More the rates, higher will be the amount of EMI payable each month and vice-versa. So, are you ready to dive into the water of SBI personal loan interest rates? If ‘Yes is your response, then let’s do it now. SBI Personal Loan Interest Rates- The interest rates charged by SBI vary across its various personal loan offers. The bank provides a personal loan under two schemes-Xpress Credit Personal Loan and SBI Pension Loan/Jai Jawan Pension Loan. SBI Xpress Credit Personal Loan- Doesn’t matter if you want money to fulfill your expedition drive or need the same for any medical emergency, Xpress credit personal loan is what can serve your purpose. Want to check out its interest rates? Well, it’s 11.90% per annum. SBI Xpress Credit Personal Loan Eligibility-
SBI Pension Loan/Jai Jawan Pension Loan - The interest rate on this loan is upto 14.90% per annum. The eligibility for this loan is stated in the points below.
How Does SBI Calculate EMI on Your Personal Loan? It is important to know the amount of EMI payable beforehand as it can help you budget better. Do you know how SBI calculates the EMI on your personal loan? It’s by using the formula that you can check out below. EMI = [P x R x (1+R)^N]/[(1+R)^N-1] P=Principal Loan Amount R=Interest Rate N=Number of Monthly Installments Let us take an example to figure out the EMIs. Ravi Malhotra, a Chief Architect in a construction firm, applies for a 5-year personal loan of 5 lakhs at SBI. The interest rate charged by the public lender is 11.90%. The EMI, in this case, will work out to be ₹ 11,097 while the total interest outgo and the total repayment amount are going to be ₹ 1,65,818 and ₹ 6,65,818, respectively. EMI, whose extended form is Equated Monthly Installment, forms a component of both interest and principal portions of a loan that are payable each month until the expiry of the tenure. In the early days of your personal loan journey, the interest portion will be more than the principal counterpart. But as you move towards the fag end of the tenure, the interest portion of the EMI gets lower than principal. The EMI is dependent upon three factors-
Let us understand the crux of EMI based on all three factors that you can see above. No need to say that higher loan amount and higher interest lead the EMIs to spiral. But many may not know the exact impact that tenure can have on the EMI. When the tenure is longer, the monthly EMI amount is lower compared to a shorter period of the loan. With the lower amount of EMI, you could drift towards a longer tenure. But there is a catch here. The longer tenure results in higher interest repayments over the loan tenure compared to a shorter period of loan. If Ravi Malhotra opts for a 4-year loan of the same amount and at the same interest rate, he may have to shell out a higher EMI of ₹ 13,142. But he can cut down the interest repayments to 1,30,834, a saving of 34,984 (1,65,818-1,30,834) over the course of 4 years. I hope you are now aware of SBI personal loan interest rates and their impact. So, before availing the option of SBI Personal loan, do keep an eye on its interest rates. Article Source: https://goo.gl/epWDqD Are you in need of the personal loan for fulfillment of your varied needs? Go for Bajaj Finance Personal Loan which is designed to meet your current financial needs. It is a type of unsecured loan where you don't require any security/collateral against obtaining the loan. The loans are disbursed according to your flexibility and need.
Bajaj Finance Personal loans are granted to individuals as an instant cash to be used for multiple needs like traveling, wedding, medical emergency, home renovation, or anything else. It becomes essential to know your personal loan Eligibility criteria first before going for an easy Personal Loan. Know your monthly installment by using the Personal Loan EMI Calculator and apply for a personal loan in order to finance your needs. You need to maintain a good credit score and a clear credit history before going to avail personal loan. Bajaj Finance Personal Loan Interest Rate The personal loan offered by Bajaj Finance is dependent upon your credit history, salary, and your borrowed amount. The lowest personal loan interest rate starts from 12.99% p.a. for loans upto ₹ 25 lakhs.The additional fees are also levied on your personal loan which are processing fees, EMI bounce charges, penal interest and security fee (only for online). Eligibility for Bajaj Finance Personal Loan You need to fulfill the following requirements to become eligible for availing Personal Loan:
To know your eligibility online, enter the following details as required : 1. Your Date of Birth 2. Your Current City of Residence 3. Your Company/Employer Name 4. Your Net Salary 5. Your Combined Monthly Loan EMIs 6. Your Combined Outstanding amount on Credit Card 7. You need to mention whether you are availing Home Loan or not After filling the above details, you proceed further to check whether you are eligible or not. Bajaj Finance Personal Loan Apply Online -
How to Check Your Bajaj Finance Personal Loan Approval Status ? After submitting your personal loan application, you can check the status online by using the given reference number. In this manner, you can know about the approval or rejection of your application process within few days of your personal loan application submission. Once your personal loan application is submitted, you can have the status checked online by using the given the reference number. Within few days of submitting your personal loan application, you can know the approval or rejection of your application. Steps to Check your Bajaj Finance Personal Loan Status- There are two ways of checking your Bajaj Finance Personal Loan Status : Step I- 1. Go to the Personal Loan Section by visiting Bajaj Finserv website and click on “Apply Online”. Once you are directed to the page, then click “ Track Application” given above the top of the webpage. 2. Enter your mobile number and reference number. 3. Click the 'Go' button for viewing your application status. Step II- 1. Click the Bajaj Finserv link : http://mysite.bajajfinservlending.in/Contact-Us/FileStatus.aspx 2. Enter your case id/loan id/file id. 3. Click the 'Submit' button. Documents Required for Bajaj Finance Personal Loan- 1. KYC Documents:
2. Salary slips of the last 2 months 3. Salary account bank statement of the last 3 months 4. Employee ID card to furnish as employment proof Article Source: https://goo.gl/KXRSny The plastic money or credit card is a small card made out of plastic which are issued by the credit card company. It is one of the most essential add-on to the purse. The credit card is one type of loan which is taken for the short period of time. The aim of the credit card is to help the user for digital payment and let them be cashless. The credit card can be used for both online and offline mode of payments. The most important thing to consider is that you buy now and pay later. It is the mode of payment in which the user can make use of the card anywhere and everywhere and can pay the credit card company later. There are different types of credit cards that can be used for different purposes. The credit cards are one of the useful tools but it charges the high rate of interest on the late repayment. Thus, the due date for the bill payment is needed to be remembered so that the interest rates should not be leveraged on you. It is also the very secured way of payments. The card is secured through the pin number which is known only to the authorized users. Thus, at the time of theft and robbery, you can block the card and be safe. Types of credit cards There are different types of credit cards that are available for the user according to the purpose of uses. The credit card is one of the modes of the payment which can earn you the cash back, reward points and discounts which can be utilized by the user for the maximum benefits. Given below is the list of the credit card that is available in the market for the different purpose:
The eligibility required for the credit cards are- To get the credit card the eligibility criteria required are mentioned as follows:
Documents required The valid and legal documents are required by the credit card company at the time of application. The documents asked by them is mentioned below:
Credit card bill payment The credit card is a type of loan which needs to be paid on time to avoid any type of interest that are chargeable on the amount. For that, it is necessary to know the various mode through which you can pay your credit card bills. There are various options including the offline and online mode of payments. The credit card bill payment can be made offline by physically going to the branch and settle the bill. The online mode of payment is one of the most popular ways to settle the bill as it is more easy and convenient way. The different types of online bill payment is
The credit card is one of the ways through which the payment is done by the authorized user. Credit card does not exist. This bank is relatively new and does not have the much services and products to provide to its customer. The bank is improving and growing meanwhile. It can take some time to start providing the credit card for the users. Article Source: https://goo.gl/sIbcoH Do you want to buy online mutual fund but don't know how to go by it? Before that, it's better for you to understand about its benefits of online investment. You may be little concerned about the online transaction. But the online transaction is not easy for everyone. There involve technicalities which you should be aware of beforehand. As you may be doing the online transaction by sitting in front of your laptop or mobile, the mutual fund online shouldn't let you shirk the benefits that online transaction carries. Let's take a glimpse of benefits in detail : Free from paperwork The first major benefit that comes to you by investing in the online mutual fund is getting rid of physical strains of the paperwork wherein you are required to manually fill up forms, make a cheque, and comply with the KYC norms. While doing online investment, you just have to ensure your KYC is in place and thereafter you can make your investments suitably. Convenience Investing in online mutual fund gives you full convenience. You don't have to think about the timings, transport, and availability. The moment you decide to invest, within the click you can select to invest. There are various mutual fund schemes which you will come across your terminal or mobile interface from which you would like to invest. In this way, you will save your time and money both by doing online. Cost of Investing The fair approach of investing in direct mutual funds is going online. Direct mutual funds charge less from you in terms of fund management fees which can, in turn, increase your returns. This difference will become important in the longer run. Easy comparison across several mutual funds By simply making your login ID and password with any portal of mutual fund gives you the facility of independent research. You can assess the performance of various mutual funds scheme at one place which can help you to take a fair decision of choosing the best mutual fund investments scheme to invest. At the same time, you can make the decision for switch or withdrawal subsequently. Easy Tracking of Mutual Fund As an investor, by going online helps you track of your fund performance very easily. Whichever day and time you want you can see the exact present value of your investment, only through some clicks which you make. Redemption or Switching Becomes Easy Online mode can allow you to apply instantly for the redemption or switch of the mutual funds. Hence, it safeguards your precious time when it becomes a concern. In this manner, you may get your money in the account within 2 days of the online request. Mis-selling not allowed Mutual Fund online breach the process of intermediary which may somehow invite chances of mis-selling. Since you may not have access to any agent who can persuade you for the wrong mutual fund scheme. It depends only on your discretion to do your research and decide independently. Investing Online in Mutual Funds There are 4 ways of investing online in Mutual Funds : 1. Website of Any Mutual Fund House Every fund house these days give you the provision of online investment. At any day or at any time you can visit the website of each fund house to ascertain your best pick for the online mutual fund. Merits:
2. Independent Mutual Fund Portals There are other online portals which provide you a platform for investing in any mutual fund scheme of your choice. They also educate you for doing the basic research about the mutual fund schemes. The examples of such fund portals are Fundsindia.com, fundsupermart.co.in, and scripbox.com Merits:
3. Online Brokers The distributors working as share brokers are also involved in mutual fund online transactions. Some of the famous brokers which you may easily encounter online are ICICIdirect, KotakSecurities, ShareKhan, HDFC Securities, Indiainfoline etc. Merits:
4. Bank's Website You may also access the bank's website which also sells the mutual fund schemes, relatively from their group companies. SBI Mutual Fund, HDFC Bank Mutual Fund, Axis Bank Mutual Fund etc. are some examples of bank related mutual funds. Merits:
Article Source: http://wishfinblogs.kinja.com/benefits-of-investing-in-online-mutual-fund-1792706403 A loan, as you know, is a particular amount of money that is offered by banks and other lending institutions and is paid back with some interest. The interest rate and loan amount are however variable and decided at the time of loan application by keeping in mind the repayment capacity of the borrower. There are both secured loans as well as unsecured loans depending on the kind of loan you have applied for.
Online loans are also like offline loans as the loan has nothing to do with the medium of application. However, online loan procedure is for sure more convenient as the applicant is free to apply for it anywhere anytime and there is, of course, no additional charges involved. Having said that, let us talk about the main benefits of applying for a loan online. So, here are some key advantages that would enlighten you about the online process so that you will also follow it. Benefits of online loans- Flexible options- When you are on the internet, you are free to check out as many options as you want, unlike the offline procedure where the lender starts troubling from the moment he has got the idea that you need money! By flexible options, what I mean is that suppose you have got one loan offer but your heart is not allowing you to take a step forward and apply for it. In such situations, do not hurry and take a look at other options that are easily available online. Easy comparisons- The internet is full of options, you get the opportunity to compare the deals. Now, how can you do it? Well, you must have heard about the loan EMI calculator that is used to calculate the monthly installments of the loan. This tool takes into account the basic details of your loan like the loan amount, interest rate, and tenure. So, when you find that the particular offer is out of your budget. You can go for other options very easily. Time-saving- The online process is time-saving, unlike the offline one where you have to go to the bank for each and every information. Since everything is digitizing now, there is each and every information available on the internet. So, you can apply whenever you have time. What are the loan options available online? Just because you are applying online, that does not mean you have limited options. Rather, you get more options for each kind of loan be it a home loan, a personal loan, car loans, business loans, etc. Where to apply for home loans online? There are n number of home loan options available online. However, here is the list of top 10 banks in India that offer home loans and their annual rate of interest:
Now, it is also important to note that home loans are secured loans for which you have to submit security to the bank. Having said that, the interest rate and loan amount are offered on the basis of the factors like the age, property value, monthly income, monthly expenses, the category of the employer, credit history, relationship with the lender, and any other loan. On the basis of these factors, the borrower will get the loan. Also, the eligibility criterion is subject to change from lender to lender and from one applicant to another. Where to apply for personal loans online- Personal loans are one of the most demanding loans due to the reason that the borrower is free to use the money for whichever purpose he/she want. Since there are no pre-decided conditions from the lender’s side on the usage of the money, it makes it easier for the borrower to use the money as per their wish (for legal purposes only). Also, there are multiple lenders that accept online personal loan applications. So, you can apply for a personal loan wherever you find the best deal. Presently, the lowest personal loan interest rate is 11.29% p.a. Thus, we hope you have understood the benefits of online loans and that the options that you have. So, apply now for the loan that suits your purpose. Are you in need of a personal loan? If yes, you must be looking for a lender that can offer you the best deal, isn't it? But, one of the biggest problems is to find the best lender, right? With the availability of many top lenders in the marketplace, it would not be wrong to say that it is not everyone's cup of tea to find a lender, which is best for you. But, nothing to worry because if you are reading this article, we have some special for you. Now, you don't need to search for the best lender as axis bank personal loan is here to meet all your needs in the best possible way. Yes, being the third largest private sector bank of the country, there is no denying the fact that this lender is undoubtedly the best when it comes to offering the personal loan.
To know more about this product, kindly take a look at the page below. The bank offers a loan to the individual/s at an interest rate of 15.50%-24% per annum for a loan amount of upto ₹15,00,000. You can avail this credit facility upto a tenure of 5 years along with paying a simple one-time processing fee of ₹1.50%-2% of the loan amount. Not only this, if anyhow you defaulted on your loan or due to some reason missed one payment, you will be charged an interest of 2% per month on the overdue installment/s. Apart from this, there are various other related fee and charges that you need to pay such as prepayment/foreclosure charges are Nil, cheque bounce charges are ₹500, cheque/instrument swap charges are ₹500, etc. Now, you are done with knowing the basic details of this credit facility offered by this private sector bank, it is also important for you to know about the loan eligibility criteria for the same. Take a look below and know your eligibility. You are eligible for a loan if you are:
After all the basic product details, it's crucial that you should be aware of your EMIs of the same. Yes, it would be advisable to calculate your monthly installments before availing the loan because through this way you would know whether the loan is going to be pocket-friendly for you or not? Paying the EMIs each month will be lighter on your pocket or not? And, this can only be one with the help of a smart and effective device called personal loan EMI calculator that actually allows you to know the exact amount of your EMIs in a hassle-free manner. You just need to feed the loan amount, tenure and interest rate into the calculator and it will fetch the results for you within few seconds. Last but not the least, you should also know the features and benefits of availing the personal loan axis bank. To know the same, take a look below.
Article Source: http://articles.org/say-hello-to-personal-loan-axis-bank-and-fulfill-all-your-needs/ |
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