Life can be unpredictable, and sometimes unexpected events can impact our finances. One such situation is when a borrower dies with an outstanding loan. This can be stressful for families, so let’s break down what happens to different types of loans in such cases. Types of Loan There are two main categories of loans: secured … Read more
In our daily lives, we may encounter emergencies, such as sudden illnesses, that require more funds than we have saved. Arranging funds for life-saving treatments can become a challenge. In such cases, a gold loan offers a quick solution by providing the necessary money to save lives. Unexpected financial crises can arise from medical conditions, … Read more
Capital is essential for running any business. Cash is needed for various purposes, including business expansion and daily operations. As a result, many entrepreneurs opt for a business loan. However, some business owners may need assets to secure a traditional loan. In such cases, unsecured loans can be beneficial. This raises the question: What exactly … Read more
Sometimes, financial needs prompt us to take out a loan. While some people choose to pledge gold, others opt for personal loans. Let’s explore which of the two options is better. We need financial assistance at various points in life, leading us to consider loan options. Common choices include personal loans and gold loans. Borrowers … Read more
Are you currently repaying a home loan but facing difficulties with the bank? Consider transferring your home loan to another bank to address these issues. Let’s explore how you can do this. If you’ve taken a home loan from a bank and are experiencing challenges with high interest rates or other issues, you can transfer … Read more
Financial emergencies can arise unexpectedly due to a medical issue, car repair, or home renovation. Many people turn to emergency loans to alleviate their financial difficulties. However, the market offers a variety of emergency loan options, so it’s essential to choose the one that best suits your circumstances. Emergency loans, which can take various forms, … Read more
Home loans are long-term financial commitments, and paying your EMIs (Equated Monthly Installments) regularly and on time is crucial. Staying financially sound is essential to protect your home. However, borrowers can face numerous issues if they miss or are late in making EMI payments. Let’s explore the consequences: Late Payment Penalties: Lenders typically impose a … Read more
On November 6, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved a new scheme called ‘PM Vidyalakshmi’. This initiative aims to provide financial assistance to economically disadvantaged students seeking higher education. Under this scheme, students can secure loans from banks and financial institutions without collateral. Additionally, the government will offer subsidies on education … Read more
Many people take out education loans for higher studies, and once they do, they have to pay EMIs (Equated Monthly Installments) every month. While these payments can feel burdensome, there are several strategies to alleviate this financial strain, allowing students to focus more on their careers. Here are some practical ways to manage education loans … Read more
Banks offer several types of loans. In addition to personal loans, which are used for individual needs, banks provide various financial products like overdraft facilities and flexi loans to meet different financial requirements. Understanding the differences between these options can help you determine which is best for your needs. Overdraft Facility: Banks provide an overdraft … Read more