The Modi government has implemented several welfare schemes, including the Vocational Education and Training Loan scheme. This scheme, a testament to the government’s commitment to the youth, provides financial assistance to unemployed individuals seeking vocational education. It covers a wide range of expenses, including training course fees, tuition, examinations, library and lab fees, book and … Read more
Today’s students prefer higher education to gain career-specific skills and better job opportunities. Higher education has become crucial for students as educational institutions incorporate new technologies and experiential learning methods. However, the escalating tuition fees have become a burden for many, especially those from poor and middle-class backgrounds. Many banks offer educational loans to help … Read more
Marriage is a significant event in everyone’s life, and many individuals wish to celebrate it grandly with their loved ones. Some parents may go beyond their means to ensure a lavish wedding for their children. However, not everyone may have sufficient funds to host an elaborate wedding, leading some to opt for a low-budget celebration … Read more
Ways to Increase Loan Eligibility: Loans are more accessible now than before, with banks and non-banking financial companies (NBFCs) offering loans after a simple process. Some even claim to provide instant digital loans. However, before granting a loan, these institutions assess the applicant’s creditworthiness. Applications with high loan amounts and low credit scores are often … Read more
Borrowing money from banks or finance companies involves submitting job details, personal information, land documents, and other necessary paperwork. Verifying and processing the loan often takes several days. To address this issue, the Reserve Bank of India (RBI) is introducing a new tech platform called Unified Lending Interface (ULI) to simplify the loan process. RBI … Read more
Gold is a significant part of Indian culture and is often cherished as a symbol of prosperity and tradition. Many people consider it a decorative metal to keep in lockers, a tangible representation of their heritage and wealth. However, gold is a safe haven during financial crises and can be used as emergency collateral for … Read more
What happens if the borrower of a home loan dies? This is a crucial question that many people in our country who realize their dreams by taking out loans need to understand. The unexpected death of a borrower can have significant consequences. Let’s delve into this issue to ensure you are well-informed. Following the borrower’s … Read more
This loan opportunity encourages women looking to develop in all fields. The loan can be used to grow their business carefully. IDFC First Bank has launched the Sakhi Shakti Loan to support women entrepreneurs and small business owners. To be eligible, you must be a woman entrepreneur or a small business owner, and your business … Read more
Banks and lending institutions often require a guarantor for individuals taking out large loans for homes, vehicles, or business purposes. For instance, a young professional might need a guarantor when applying for a home loan due to a lack of credit history or a business owner might need a guarantor when seeking a business loan … Read more
In times of emergency, you may need to take a loan, which is a significant financial challenge for many middle-class families. It’s crucial to responsibly pay off the borrowed debt to prevent it from becoming overwhelming and negatively impacting our lives and those of our family members. Tragically, we often hear about people resorting to … Read more