Loan & Finance Tips on Your Finger Tips

It’s easier to count the number of stars in the sky than counting the number of public sector banks in India. There are so many!  State Bank of India, Punjab National Bank, Bank of Baroda, Dena Bank, Allahabad bank, Bank of India and the list goes on. In order to create “NextGen Banks”, the present finance minister of India, Ms. Nirmala Sitharaman on behalf of the finance ministry, has decided to merge 10 public sector banks into four. This decision is a result to give more boost to public sector banks by having more control over them. Some, not so popular public sector banks, were not so adaptive on the technology front, because of which many Indian customers were having difficulties.  Following are the reasons behind the merger strategy: Efficiency in Operations: It is difficult for the government to manage so many public sector banks. Managing a lot of banks increases the cost due to which operations becomes very difficult. More manpower will be required to continue the ...

People have started to understand the importance of investing as compared to saving from the past few years. And thanks to the monumental efforts to make people aware of the advantages they can get by investing in mutual funds and how they can trust it. You must have heard the latest advertisement for the mutual funds with the saying ‘Mutual Funds Sahi Hai’. Nowadays, there are a number of asset management companies that are providing you the opportunity of investing in a range of mutual fund schemes. ICICI mutual fund schemes are considered to be the best to invest in when it comes to the suitability of financial goals and risk appetite because these are two most important things that one should look before investing in any kind of mutual fund schemes. These funds are managed by the ICICI Prudential Asset Management Company Ltd. which is the leading AMC of our country with the investor base of over 4 million satisfied customers. In this article, we will be telling you about the ...

Several banks and Non-Banking Financial Companies (NBFC) before providing loans and credit cards to the customers check their credit score. And, you must be aware of your credit score for easy loan or card approval. You can check your credit score with the online credit bureau CIBIL Transunion, it provides the CIBIL score login free. The user can also subscribe to its premium plans for further assistance, otherwise they can check their credit score through CIBIL login. Read the given article and know the benefits of the CIBIL check and how to check the free CIBIL score. Check CIBIL Score login free from credit bureau CIBIL You can easily estimate your credit score by creating an account at CIBIL. The user just has to visit the official CIBIL’s website and needs to create an account by giving details like email id, mobile number and PAN details. After creating an account you can do the CIBIL login and check the score for free. The CIBIL score is a 3-digit number and ranges from ...

Mutual funds are surely the best way of earning, because by investing in a fund unit you could get a high return from it. Nippon India Mutual Fund asset management company gives you the best mutual fund schemes with a reasonable net asset value (NAV). The NAV of the funds changes daily and it helps in determining the fund market performance. You can check the Nippon India mutual fund NAV of your scheme using the account statement. To know the best investment method for the Nippon India mutual fund schemes read the given article. Investment method for the Nippon Indian mutual fund schemes You can invest in your desire mutual fund scheme using lump sum or Systematic Investment Plan (SIP) method. Both of the investment method is distinct and provide reasonable returns, if you are new to the investment world then you should invest using the Nippon India mutual fund SIP method. Because SIP has lower risk in comparison to the lump sum, if you invest through lump sum you could get hig...

State Bank Of India is one of the largest public sector banks and known for its wide range of banking products. It offers an overdraft facility to the customer so that they can easily resolve their financial problems. The overdraft or od works similar to a personal loan the difference is just that you can withdraw money from your account whenever you need money. To know od interest rate in SBI read the given article. How SBI overdraft facility works? The overdraft provides you the desired amount on a specific rate of interest it works like a preapproved loan. You can apply for an SBI overdraft account against fixed deposit, insurance policy, property or salary. OD interest rate in SBI depends on the applicant’s job stability, flow of income or asset value. You can borrow an amount from your SBI overdraft account whenever you require funds and pay for it through auto debit option. Because the interest rate changes daily and the borrowed amount is paid from your savings or salary ...

You can get a home loan from SBI Bank to buy a ready built house, construct one, renovate the existing house, extend the property and can do a lot more. But before applying make sure you get a suitable interest rate on your loan amount because the SBI home loan interest rate is the lowest. You can take whether a fixed or floating rate of interest rate on your loan amount and to know its benefits you can use SBI home loan EMI calculator . To know about SBI loan interest rate and EMI calculator read this article. How the interest rate on the SBI home loan is determined? SBI home loan interest rate is based on the marginal cost of fund based lending rate (MCLR) of the bank. After the RBI rules on the home loans, SBI started providing loans to the customers on MCLR based interest rate, current MCLR of the SBI bank is 7.70% to 8.25%. SBI provides a lower interest rate to the women customers with a revised MCLR of 7.65% to 8.20%. You can estimate the payable interest rate and monthly l...

In a world, we are living in, you must be listening to the growing talks about Mutual Fund Investments around yourself. People and especially young people are showing a huge interest in investment, unlike our previous generation that was a bit hesitant in investing and prefer more to savings. Nowadays, individuals are understanding the concept of investing and thanks to the government also, who is trying its best to encourage them about investing through various awareness drives. There are several mutual fund investment houses in India that are providing some amazing range of mutual fund schemes to invest in. With having a total Assets under Management worth of INR 35,800 crore and 21 branches cross India, Mirae Asset Mutual Fund is one of the prominent Asset Management companies. There are several Mirae Asset Mutual Fund schemes to invest in from which you can choose the most suitable one for you to invest in according to your financial goals and investment horizon. These two ...

If you are new to the investing world then the word “NAV” must be new for you. Basically, NAV is the net asset value of your fund in the market. But you must be thinking why you need to know about NAV? In mutual fund investments, NAV changes on a daily basis and determine the fund rates in the market. The DSP group is a known financial firm in India and provides mutual fund schemes for your investment. To know the DSP mutual fund NAV of the schemes and investment methods to gain high returns read the given article. What type of schemes are offered by the DSP Mutual Fund The DSP Mutual Fund Asset Management Company provides a wide range of schemes to the customers. You can invest in your desired mutual fund scheme by taking the help of a financial advisor or by yourself also. DSP provides Debt, equity and Hybrid mutual fund schemes each fund has its own benefits and risk level. So, before investing in any mutual fund scheme check the DSP mutual fund NAV. Top DSP mutual fund sch...

In the world, we’re functioning, there will be many situations where you will have to go beyond your financial capability in order to go through that particular situation. These situations can be anything. It could be a medical emergency or in a situation when you want to buy the latest piece of gadget or it could be a situation where you are short of funds while planning your child’s marriage. To empower you in these and all other situations, you can opt for an HDFC personal loan. HDFC bank is one of the many private and public banks of our country that provide personal loan facility to the customers at an affordable rate of interest. In this article, we will be telling you about what is the importance of the HDFC personal loan calculator , how to use it in an efficient way, and what are the documents that you will need to submit at the time of loan application. Why it is important to use the HDFC Personal Loan Calculator? When you take any kind of loan facility, you wil...

Oriental Bank Of Commerce (OBC) provide home loans for your property purchase or finance, with OBC bank home loans you can finance 75% to 90% of your property value. You can borrow your desired loan amount at a flexible OBC bank home loan interest rate . But, you must be thinking about how you can pay the borrowed loan amount? You can pay the borrowed loan amount with the applicable interest rate in equated monthly loan installments (EMIs). But how to know the loan EMIs? you can use the OBC home loan calculator for calculating your loan installments. Read this article and know about the EMI calculator device and its benefits. What is an OBC home loan calculator? It is an online EMI calculator device that works on a mathematical formula, you just need to visit the bank official website and click on the “home loan EMI calculator” option. After that, you can insert your loan details in the OBC home loan calculator such as principal amount (P), interest rate (R) and loan tenure (N) ...

Home loans provided by Fullerton India comes under the Grihashakti. It realizes how important it is for you to purchase or construct that dream house of yours. Throughout the home construction or purchase process, Fullerton India Home Loan stands by you hand-in-hand so that you don’t face any difficulties. Below are the list of benefits that one can expect when you take a personal loan: Credible Source: Fullerton India Home Finance Company is one of the top Non Banking Financial Companies (NBFCs) in the business. They have been operating in India for quite some time. Companies financial are as strong as home loan proposition (i.e. Grihashakti) Professional Management: You are not treated as a customer when you opt for the Fullerton India home loan , you are treated as a family. The extraordinary line-up of service professionals will help you build or purchase your dream house very smoothly. They ensure that everything is done hassle-free. Minimum Documentation: Like other home l...

Avid travellers always think of new destinations to explore and experience the beauty within. And that’s why they can be seen often with heavy luggage at airports or railway stations. But, as everything comes with a cost, travelling also comes with some expenses. It can be reduced, though, with the best travel credit cards India . These cards will reduce the cost by offering discounts and cashback while giving you an altogether different experience with complimentary access to lounges and golf courses. Let’s read out some of the classic travel credit cards in India and choose the best one. CITI PREMIERMILES Credit Card Get 10 miles for spending every ₹100 at premiermiles website Accumulate 4 miles for spending every ₹100 on others Get the miles redeemed at more than 100 airline and hotel partners. You can also transfer miles to 14 airline and hotel partners. Enjoy complimentary access to select airport lounges across India Earn 15% discount on dining at participating outlet...

If you want to invest or buy  schemes under Baroda Pioneer Mutual Funds, you can do so by opting for the direct plan or the regular plan. Under the direct plan, you will have to buy the fund through the Asset Management Company (Baroda) directly. You can do so by visiting their website or by offline means. You can buy Baroda Mutual Fund units through the regular plan by visiting the websites of some financial technology companies. Both these plans gives you two investment route. You can either take the   Baroda Pioneer Mutual Fund SIP route or choose to invest through the lump sum route. Both have their own advantages. It depends on your cash-in- hand right now. Both have their own advantages. By taking the Baroda Pioneer Mutual Fund SIP way, you can take advantage of rupee-cost averaging. How is Baroda Pioneer Mutual Fund NAV Calculation Done? NAV is a concept that new retail investors generally struggle with. It is boggling for every investor that wants to invest in NA...

The State Bank of India is the oldest public sector bank and is known for its dedicated service to its customers. It has been offering credit to people in order to help them achieve their financial goals. People have developed a homely relationship with SBI and trust it completely with all the products that they offer. Credit cards are a popular product by SBI that people are widely using. In recent times people are working really hard to increase their standards of living. SBI credit card is an instrument which lets people afford the luxury at very low processing rates. These credit cards can be availed by meeting the easy-to-follow eligibility criteria. However, the SBI Credit Card Eligibility Criteria is different for salaried and self-employed individuals. Let’s first list the eligibility criteria for salaried employees to understand how different it is from the criteria that needs to be adhered by self-employed individuals: SBI Credit Card Eligibility Criteria for Salaried...

CIBIL score is an often repeated term that you must have heard innumerable times around you. People talk about it because it is like a mark sheet that you used to get in your childhood after the exams. The only difference is that instead of marks, it shows how well you handle all your debts. CIBIL score is a 3-digit representation of your creditworthiness and shows your financial behavior. Ranging from 300 to 900, the CIBIL score holds a pretty important role in determining your worthiness while getting any kind of credit facility. In our country, there are mainly four credit agencies that keep a record of all your financial transactions. These are Credit Information Bureau of India Limited (CIBIL), Experian, CRISIL, and CRIF High Mark. Talking about the score, anything above 700 is considered to be a good credit score and a low credit score automatically decreases your chances of getting a loan facility. One of the burning questions of today’s times is how to improve CIBIL s...