Loan & Finance Tips on Your Finger Tips

Mutual Fund is the new investment tool that people are starting to become aware of and accepting it. This is because of its inclusiveness of all kinds of investors from small to big ones. Even, the risk is moderate in comparison to precisely investing in stocks. It doesn’t matter if you have a huge chunk of money, with mutual funds you can also invest a small amount of money as low as INR 500. There are two ways in which you can invest in Mutual Funds - lumpsum and SIP (Systematic Investment Plan). The choice is entirely yours. Principal Mutual Fund has taken a step further and introduced something called as Super SIP to encourage more people to invest in Mutual Fund. Under this option, Mutual Fund investors are given the facility to top-up their SIP amount and name their investments. Want to know some more features? Be Posted.      What is the difference between SIP and Lumpsum Investment? Before we head to the question of the hour,...

As India is growing at a fast pace, there’s a need for financial inclusion, which means encouraging everyone to use the financial services provided by Banks, Non-Banking Financial Companies and other institutions. Especially, the plan is to concentrate on the rural sectors and the semi-urban areas, where most people don’t hold a savings bank account. Under the Pradhan Mantri Jan Dhan Yojna, the government aims to provide really cheap or free financial services so that it is easily accessible to the low income groups. In order to facilitate this movement, public sector and private sector banks are  offering free of cost opening of savings bank account. But the reach of these banks or the penetration is very low. Only one institution has the most penetration in rural sector as well as urban sectors - the Indian Post Office. You wouldn’t know, but the India Post Office provides Account Opening Services both offline and online. Let’s take a look at how you can do a Post Offi...

The tendency to make quick bucks could draw you to investing in the power of equity. But if you don’t possess the high-risk capacity, you may face lot of mental hiccups along the way. It’s because equities go through a series of fluctuations and can even erode substantially in value, causing a lot of anxiety amongst risk-averse investors. So, all those who can’t deal with the market fluctuation that equities go through can better off reposing faith in the stability of debt mutual funds . While there are plenty of Asset Management Companies (AMCs) to choose from, we can make it easier by showcasing the debt schemes of HDFC Mutual Fund . You can thus compare the schemes and choose the one that goes with your style of investment.  List of Debt Funds  The list of top HDFC debt funds consists of the following -  HDFC Banking and PSU Debt Fund HDFC Corporate Bond Fund HDFC Credit Risk Debt Fund  HDFC Dynamic Debt Fund  ...

Need for extra funds can crop at any point of time. Going with regular loans for meeting short  term expenses is an expensive option. What other options are we left with then? There is one where you pay low interest rates and meet your short-term financial needs with ease. The Overdraft Loan SBI let’s you do that. This is an overdraft facility provided by the State Bank Of India. Under this facility, you can withdraw or use more money than you have on your account up to a certain permissible limit. So, whether you want more funds to make your travel experience better or need some urgent funds for some unforeseen wedding expenses, the SBI Overdraft Loan has your back. The interest rate you pay is fairly cheaper than regular loans. What are the Features of SBI Overdraft Facility Against Term Deposits? The Overdraft Loan provided by SBI is secured in nature. This means that in order to avail the overdraft facility the individual needs to submit a c...

CIBIL Score holds important in all types of loans and lending products. The Reserve Bank of India has made it mandatory for all banks and Non Banking Financial Companies (NBFCs) to check CIBIL score before approving any type of lending products (credit cards, personal loans or home loans). Of course, the level of checking varies from product to product. This is because the nature of the product is different. For instance, personal loans are unsecured in nature whereas, home loans are secured in nature. Checking of one factor might hold more importance in the case of personal loan, but, the same factor will be of less relevance in the case of home loans. Similarly, the level of importance of CIBIL Score is true for both Home Loans and Personal Loan, but its weightage differs. To understand this, we need to know to know what is the major difference between personal loans and home loans. What is the major difference between a Personal Loan and HomeLoan? We all know the common diffe...

EMI Calculations can be a head scratching, if you do it at your end. And moreover, who has the time to get into such complex calculations. So it would be better if someone else does it for you. This is the age of convenience. Everyone company is trying to serve you better and make you do less. For example, Zomato has brought food from good quality restaurants to your home. If food can come to your place, why should you be calculating your EMI by yourself? This is why the Bandhan Bank Personal Loan EMI Calculator was introduced. Using this calculator, you can calculate your EMI well-in advance without any hassle. Let’s check out the components and the use of this Personal Loan EMI Calculator. What is the Bandhan Bank Personal Loan EMI Calculator Made Of? Equated Monthly Installments or EMI is calculated on the basis of three factors - Loan Amount, Interest Rate and the tenure of the loan. Even the Bandhan Bank Calculator is made of the above mentioned factors. All you have to do i...

Bandhan Bank is gradually shifting gears as far as operational dynamics are concerned. It has now increased its branch, ATM and doorstep service centres (DSCs) to 998, 480 and 3,014, respectively. When the bank was launched in 2015, it had 501 branches, 50 ATMs and 2,022 DSCs. Quite a significant increase in the operational capacity, isn’t it? The bank offers a custom suite of deposit and lending products to several individuals. While there are popular home and personal loans helping individuals meet their home purchase and other needs, the credit facility for 2-wheeler and against the property put Bandhan Bank in serious competition with the giants in the banking space. You would, however, be interested to know Bandhan Bank Loan Interest Rates and several other details, right? Well, you can know them here and make an estimation of the loan outgo. This will help ease the repayment worries greatly. Bandhan Bank Personal Loan Interest Rate Bandhan Ba...

Wishes and needs go hand to hand in today’s dynamic work environment. You wish to roam an exotic location with your family members. At the same time, the imminent cash needs also arise. In a similar vein, there are a lot of wishes and needs to be fulfilled. All such can be met with a personal loan from either a bank or non-banking finance company (NBFC). It comes easy to you without any need of submitting the collateral. But, in reality, the loan application goes through a series of approval tests conducted on several parameters. One of the parameters that financial institutions give due consideration is the credit score assigned by bureaus such as CIBIL. It assigns scores to individuals having a minimum repayment track of 6 months to a year. The score has to be good so that the lender can nod the application. Now, it’s possible for an individual to be having a poor repayment track resulting in a poor score. There’s also a possibility of not having the score due to lack of credit...

Punjab National Bank (PNB) is a renowned public sector bank that offers a wide range of financial products such as personal loans. The loan is available to salaried personnel, professional doctors having acquired MBBS, BDS and other degrees, etc. The best part is that you won’t need to pledge any security to procure the loan. So, it’s an unsecured loan that individuals get from PNB. The unsecured loan means the rate of interest would be higher in comparison to secured loans. And that’s why one must look into PNB Personal Loan EMI Calculator to figure out the amount they would actually pay to the lender over the loan course which can be a maximum of 5 years. If you don’t know what it is, you can read this post and be aware of the same. PNB Personal Loan EMI Calculator Excel Sheet The great thing about the EMI calculator is it's availability. You can find it online and download the same in an excel sheet. The calculator, which functions on the back of sm...

Citibank comes across as a financial institution that offers you a bundle of joy with a spectacular range of credit cards. The unique credit cards that it offers help customers achieve what they want from them. These cards come with conventional rewards & cashback to exclusive travel offers and other privileges. All these and more make it a wonderful experience for customers. Why are we waiting then? Let’s experience the madness by reading Citibank Credit Card in detail. Types of Citibank Credit Cards Citibank offers the following credit cards that you can look and apply. Citi Rewards Credit Card Citi Cash Back Credit Card Citi PremierMiles Travel Credit Card Indian Oil Citi Platinum Fuel Credit Card First Citizen Credit Card Citi Prestige Credit Card Citi Rewards Credit Card Earn up to 2,500 bonus reward points Earn 10X rewards on departmental store and apparel spends. Get 1 reward point for all other spends...