Loan & Finance Tips on Your Finger Tips

State Bank Of India offers an OverDraft (OD) account for all the customers. The benefit of OD is that it makes it easier for you to borrow a loan. Yes, it is an account using which you can withdraw the desired amount within the limit. And the end set by SBI based on some criteria. Read this article to find out the features of SBI OD account and the maximum limit of the OD account. Create an SBI OD account with internet banking Visit the online website of State Bank Of India, to open an overdraft account with it. If you have a Fixed Deposit (FD) in SBI, it is easier for you to open an OD account. As, the bank provides an OD account against your SBI FD. A maximum loan amount of INR 5 crore limit is set for your SBI OD account depending on your FD value. If you have a regular term deposit scheme then you can avail 75% of your FD value otherwise, a special term deposit scheme offers 90% of the FD value. The reason for the different OD limits against FD is because STDR accumulates h...

While borrowing a loan for the financing of your house every individual does the calculations. And to make those calculations easy for you there is a home loan EMI calculator offered by every bank or financial institution. The EMI word associated with the calculator denotes the equated monthly installment. As you know payment of the loan is paid in EMI and if you skip an EMI a penalty would be charged. So to manage those payment issues of your home loan you can use the calculator. Read this article to know the functions of the home loan EMI calculator and its benefits. Calculations of the home loan EMI calculator! The home loan calculator works in a mathematical formula of [P x R x (1+R)^N]/[(1+R)^N-1]. Here in this formula P is the loan amount you have borrowed for the home finance and N is the duration of payment. And R is the rate of interest charged on your loan amount for the duration. If you have applied for a home loan with a floating rate of interest then you can check r...

A personal loan is one of the easiest and most affordable ways to solve financial issues. Whether you are unable to collect funds for marriage expenses, or if there is an unknown medical emergency for which you haven’t secured yourself. With the help of Yes Bank personal loan , you can do a lot more and manage the money requirements. Read the given article and know about the Yes Bank features provided in a personal loan. Yes bank personal loan and its attractive interest rate! The bank provides a maximum loan amount up to INR 40 lakh to the customer using which he/she can easily make up their financial debts or any other payments. And, Yes Bank charges an interest rate starting from 10.99% per annum on the borrowed amount. The interest rate of Yes Bank personal loan can be high or according to your desire depending on your income, payment record, etc. Know the factors which can affect your interest rate on the borrowed amount which are as follows. Age : If your age is 21 year...

You can borrow a suitable loan amount from Kotak Mahindra Bank to get rid of the debts. And, as such loan is a personal loan using which, you can borrow the desired loan amount. The interest rate charged to your borrowed amount is quite compatible concerning your monthly income. For the Kotak Mahindra bank personal loan , you are needed to have a monthly income of INR 20,000. Read the given article to know more about the personal loan features.  How can I get a personal loan from Kotak Mahindra Bank? To borrow a loan from the bank without giving any type of asset you are required to meet its loan criteria. First, your age should be 21 years during the loan application and up to 58 years at the tenure maturity. Kotak Mahindra Bank provides a payment duration of 5 years to the customers along with the applicable rate of interest on the loan amount.  The personal loan interest rate starts from 10.99% per annum at a fixed rate for the loan tenure. And repayment of t...

For someone who frequently travels abroad, carrying money during travel is such a big task. And above this, more questions like how much amount you should carry and in which form you should carry? If you have been also facing such questions and not able to decide what to do on your next travel, stop thinking now as your problem can be solved by a Forex Card. There are several lenders who provide some of the best forex cards in India that can be your perfect companion during travel. But before knowing them in detail, it’s important to know what exactly a forex card is. Let us tell you, that a forex card is a simple card in which you can load single or multiple currencies according to your choice. When you travel to any foreign country, you have to make all the transactions in the currency of that particular country, this is where exactly the forex card helps you. It acts as both a credit and a debit card to you. When you have a forex card in your wallet, you don’t need to worry abo...

Credit cards are something that every individual wants to have in their pocket in the current times. If you don’t have one and wondering about the reason behind the previous statement, then you must know about the amazing benefits of this amazing piece of plastic. There are several banks both public and private who provide a range of credit cards to customers. Axis Bank is one of those leading private banks of India that provide some mind blowing cards to its customers. If you are someone who is looking to opt for a credit card that could give you ample benefits in different categories, then Axis Bank credit cards could be the right choice for you.  In this article, we will be telling you about some of them so that you can make a better decision while choosing the right one for you. Below, you can have a look at the features of them so that you know which card will suit you and your shopping habits.  Flipkart Axis Bank Credit Card As the name suggests, this credit ...

HDFC provides the best loan services in India to all the customers. You can apply for a personal loan from HDFC Bank to meet your financial requirements. Without even providing any type of collateral to the bank, you can avail a maximum of INR 25 lakh. The interest rate of the HDFC personal loan is suitable for the user's need for money. Read the given article and know in detail about the HDFC Bank personal loan and its features. Attractive rate of interest on your HDFC personal loan! The bank charges an interest rate on your loan amount from 10.75% per annum. And, it can be low or high depending on your repayment history and income. Your monthly income should be INR 25,000 to get the HDFC personal loan. The age of the applicant must be 21-60 years to apply for the loan from HDFC Bank. Your interest rate will be low or made low if your credit history is free from dues and default. The risk-free credit status of the applicant made him eligible for the loan and a lower interes...

If you know about credit cards, then you must know that American Express credit cards are not just only card, they are a token of status for people in the society. Amex credit cards are nothing but an indicator of someone’s stature. Getting Amex cards in your wallet is a bit tough because of the premier eligibility criteria. But thanks to the ICICI Bank, which is one of the leading private banks of India, you can now get American Express privileges.  ICICI and American Express have come together to give you this amazing coral credit card. This ICICI Amex Coral credit card benefits are so many that you won’t be looking at any other card of this we are assuring you. If you are someone who wants to have benefits in not only one category but many. With this card, you will get amazing reward points program in categories like travel, dining, shopping, and entertainment. So, if you are someone who is looking for a card that could give you all these benefits, then look at no other thin...

You must have borrowed a loan before and know how it is important to pay the equated monthly installments. Just to provide accurate data of your loan EMI, Bank Of India provides an EMI calculator tool. Using the Bank Of India EMI calculator, you can know your loan EMI and set the tenure according to it. You can apply for a personal loan from the Bank Of India to meet your financial needs. Read this article to find out the Bank Of India personal loan EMI calculator benefits. How to use Bank Of India personal loan EMI calculator? To use the calculator you need to go to the Bank Of India website. Then, enter the details of your loan such as principal amount, interest and tenure. Because the calculator works in a mathematical formula  [P x R x (1+R)^N]/[(1+R)^N-1]. In the formula, P is your loan amount, R is the rate of interest and N is the repayment duration. To know the working of Bank Of India personal loan EMI calculator suppose, you have borrowed INR 5 lakh from the bank ...

You can know your CIBIL score for free using the online credit bureau Transunion CIBIL. The credit bureau offers free CIBIL check service to first time users. With the help of the credit bureau, you can find a suitable loan offer and can get instant approval. Read the given article to find the answer to your question on how to check my CIBIL score online ?  Use Transunion CIBIL for instant CIBIL check Visit the official website of the credit bureau and create a free account to check your CIBIL score. Follow the below mentioned steps to create a CIBIL account. Go to the “Transunion CIBIL”  Click on “Get Your CIBIL Enter your name, number and email id Mention your PAN details and click on “Submit”  Enter the OTP sent to your mobile number And then your CIBIL account is created within a few minutes After that, you can easily check your credit score without paying any fees for it. Approve Instant loan with high CIBIL The individual loan would be approved fas...

You can not expect an emergency. The need for funds can come from anywhere. It can be for funding your child’s education or it can be for your abroad vacation or any other else need. For such needs, there are several banks and non-banking financial institutions that provide some of the best personal loans options for you. With the help of a personal loan, you can easily fund your personal needs and repay it within a fixed period at an affordable interest rate.  But there is this confusion among individuals about choosing the right option among the best personal loans. When any individual looks for a personal loan for himself or herself, then there are some factors that come into the picture. Without these factors, you can not make the right decision. In this article, we would be telling you about those factors so that there won’t be any confusion left in your mind choosing the right option for you. This is important for you before applying for the loan otherwise you may regret y...

There are several banks and housing finance companies that provide home loan to needy customers. And sometimes, it gets so confusing for an individual to decide which is the best bank in India when it’s about taking a home loan. There is an abundance of options and anybody would feel confused with so many choices at their disposal. There is one thing we want to clarify that there is not a single bank which is the best bank in India to get a home loan. In fact, the best bank changes from one person to another according to the requirements of that particular individual.  There are a lot of factors that decide which is the best bank in India from where you should opt for a home loan. In this article, we would be telling you about all those factors in a detailed way so that you can make the right decision when choosing the home loan. As you don’t buy a home for you every day, it’s not just a simple thing. That’s why you need to be extra careful about this. Keep reading to know more ...

The Union Budget 2020 didn’t come out with massive announcements as was expected by most. Given the flop show of the economy, most experts expected some stimulus measures to boost the falling demand. However, the government has announced interesting measures for taxpayers and infra investors. All that could be handy for you when you pay Bajaj Finance Personal Loan. One should attempt to reduce the loan outgo as much as possible. To fulfill this motive, you can use Bajaj Finance Personal Loan EMI Calculator . But how will you use it now that the budget is out? For that, you can take a cue from this article.  How Will the Announcement on Tax Cuts Influence Your Personal Loan? The government has given you an option to choose from the existing and proposed one. As per the existing income tax norms, there won’t be any tax for individuals having an income of upto ₹ 5 lakh post all the eligible deductions. Those having taxable income above ₹ 5 lakh will continue to pay tax at the follow...

If you need funds for urgent requirements like medical emergencies and your income is 10,000 then get a personal loan from the Canara bank. It gives loans to customers at an attractive interest rate for a longer repayment period. You can borrow a maximum of INR 3 lakh or more from the bank. To know about the Canara bank personal loan for 10000 salary , individuals must read this article.  What is the Canara bank personal loan criteria to borrow an amount? Any individual who is working in a public or private sector company for quite a long time such as 1 year and above is eligible for the loan. To get a Canara Bank personal loan, it is necessary you have a salary of INR 10000 else you can’t apply for the loan. The individual can borrow a loan equaling their 6 months gross income from the Canara bank. And they can pay the loan in equated monthly loan installments for 5 years.  Low interest on your borrowed amount Canara Bank interest rate on your loan amount starts fro...

IndusInd Bank provides personal loans to customers at an attractive rate of interest. The interest on your loan amount is based on your income and other criteria. Your loan equated monthly installments is affected by the interest rate. If a high interest is applied on loan amount your EMI will be high as well. The starting interest rate of IndusInd Bank personal loan is 11.25% per annum. So to reduce the rate of interest on your loan amount you can make some adjustments. Read the given article to know the IndusInd bank personal loan interest rate management.  Ways to get a low interest rate on IndusInd Bank personal loans Strong credit record: You can get a lower IndusInd Bank personal loan interest rate if your credit history has zero defaults. The applicants who have paid their previous loan or credit card bills on time have a strong credit capacity and negotiate for the interest rate.  Income with no liabilities: If your monthly income is INR 25,000 and above and...