Education loan is required by many students who wish to pursue their higher education which has higher fees. There are certain education loan tips you need to take before getting an education loan to avail the full benefit of the loan amount. Education Loan Tips before taking the Loan Choose a course with good job …
What is an Education Loan? An Education loan is an amount borrowed from any financial institution to finance education expenses. It is simply monetary assistance provided to students who wish to pursue higher education. It may be in the form of funds, scholarships, and rewards that are granted in cash that is to be repaid …
Reducing Interest Rate A reducing interest rate is that rate that is calculated every month on the amount that is outstanding for a certain period instead of the whole loan amount. In this type of interest rate, the EMI amount would include the interest computed on the loan amount that remains outstanding. The interest component …
Reducing Interest Rate or Flat Interest Rate, which is better? Read More »
What is a CIBIL Score? A CIBIL score is a numeric value showing the value of your credit score. This may vary between 300 to 900. A CIBIL score of 750 or above is considered a good credit score used to apply for different kinds of credit facilities like credit cards, or even personal loans. …
Home loan tenure is the period in which the loan amount is to be repaid. This may vary from bank to bank depending on their terms and conditions. The home loan tenure depends on the loan amount also. The period of home loan implies the period of repayment that is to be made by the …
Having your own home is a dream of many. It comes in basic necessity and is also a huge investment. You might require to take a loan for this huge amount. In today’s era taking loans has become a simple process. A home loan is opted for buying a new flat/plot of land. It can …
Refinancing a loan refers to the process of revising an already existing terms of a credit agreement. It is replacing the terms of the agreement which usually relates to a loan or a mortgage. When there is a thought of refinancing a credit obligation, it is effective to make favorable changes be it on the …
Everybody has a dream of buying a home in their lifetime but this process of achieving a dream might get you through different tedious processes of researching and running around. Firstly starting from selecting the house of your dreams to generating the finance for the house, for which you will probably borrow a portion of …
