Are you a government employee looking for a loan option? The TGLI (Telangana Government Life Insurance) loan might be your solution. The TGLI offers loans to its policyholders, which is different from the General Provident Fund (GPF) loans in terms of eligibility, interest rates, and repayment options. If you are a policyholder and want to … Read more
State Bank of India has announced good news for its customers this Diwali. It offers a loan facility within a few minutes for customers interested in starting or expanding their businesses. The SBI Sahaj Loan scheme encourages small and middle-class micro-enterprises by providing quick and easy loan access. The bank has pledged to provide loans … Read more
What happens if the interest is not paid on time after taking a personal loan? What would the financial problems be if this happened? How can these problems be resolved? Find all the details here. Many people take out personal loans for their financial needs despite the high interest rates associated with them. However, what … Read more
Are you considering taking out a personal loan? It’s essential to be mindful of potential hidden charges rather than solely focusing on the interest rate. Here’s what you need to know to help you understand the various fees associated with personal loans. Interest rates are a key factor when choosing a lender. Your credit score … Read more
Borrowing gold as collateral has been a long-standing practice in our country. Previously, individuals mainly relied on private moneylenders to keep their gold and obtain loans. Nowadays, banks readily offer loans against gold during their working hours. Unlike most loans, which consider factors such as credit score and the borrower’s financial ability to repay, gold … Read more
Gold loans are a swift and convenient option for those needing funds. Because gold is used as collateral, they are approved quickly. The funds can be utilized for any purpose, making them a versatile financial solution. However, some crucial factors should be considered before a gold loan. Using gold as collateral for loans is deeply … Read more
Buying a home is a dream for everyone. While some people save money to make this dream come true, many cannot save enough. In such situations, people take a home loan from a bank or a housing finance company to own a house. When applying for a home loan, most people use it as a … Read more
The central government has introduced various schemes to provide financial assistance to the poor and unemployed. However, many people are not aware of these schemes and cannot utilize them. One such scheme is the Prime Minister’s Employment Program (PMEGP), which aims to provide self-employment opportunities to unemployed youth by offering loans ranging from Rs. 1 … Read more
The central government implements the PMEGP scheme to improve self-employment opportunities for manual workers and unemployed youth. This scheme provides loans from Rs.5 lakh to Rs.25 lakh with a 15-35% subsidy for self-employment in manufacturing, services, or business sectors. Prime Minister’s Employment Generation Program (PMEGP) is a scheme the Central Government offers. Banks provide subsidized … Read more
Many individuals in our country aspire to start a business but need more motivation or collateral when seeking a bank loan. However, there is good news for those in this situation. The ‘Pradhan Mantri Mudra Yojana’ (PMMY) initiated by the Central Government is designed to address this issue. Under this scheme, individuals can secure a … Read more