Finance Forum India

Normal 0 false false false EN-IN X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-ansi-language:EN-IN;}   The practice of lending has been in existence since time immemorial, though the exact origin of loans remains cloudy. What is known though is that in earlier times, loans were in the form of barter. Over 5,000 years ago, precious stones and grains would be stored and traded in the Mesopotamian civilization, mainly temples. This is how the raw concept of banks...

When you apply for a loan, lenders carry out an assessment of the loan application. Once the assessment is complete and it is found that you are suitable enough to be lent, only then is your loan approved and you get the money. But how do you know whether your application will be approved or rejected? There is no perfect answer to this question. But if you know the factors that lenders consider while evaluating your loan application, you will have a fair idea of the outcome. Isn’t it? So here is a small guide to help you self-assess whether your...

You always wanted to buy that Mercedes or BMW that your boss drives. But you don’t have enough money to do that. At best, you can spend Rs 15-18 lac on cars and unfortunately, these luxury cars starts from Rs 25 lac onwards. Don’t be disheartened. Rs 15-18 lacs is not a small amount. Infact, it’s possible to purchase your luxury dream car in that budget. Surprised? Don’t be. It’s not only the small cars that come in the used car market. Even luxury cars are bought and sold in this market. And this is heaven for people like you who...

At times, you need luck to give wings to your dreams. At other times, you just need to be creative and innovative. This is exactly what happened with Salman, an avid biking enthusiast. It was his dream to be a trainer licensed by the Federation of Motor Sports Clubs of India (FMSCI). But the course and the certification were expensive. This is where his creativity, and a personal loan, helped him earn the success he deserved. Taking a personal loan The personal loan Salman was eligible for, sadly, was not enough to fund his dreams. But he did not give up....

These days life is full of anxieties causing physical and mental stress. According to research, one person dies in a road accident every four minutes. Chronic diseases, such as respiratory disorders, cancer, and heart ailments comprise 60% of annual deaths in the country. The increase in unhealthy, stressful, and sedentary lifestyle results in higher risks of chronic diseases. The well-being and financial security of your family may be one of your most important objectives. A well-thought out financial plan is crucial to safeguard you and your family in case of any unfortunate incident. If you haven’t already started planning your finances,...

The search engine giant Google extended its reach in the high-end smartphone market with the launch of its latest model Pixel last month. It is available in two sizes; one, Pixel with a 5-inch screen and the second, Pixel XL with a 5.5-inch screen.   Image Source: http://www.indiantribune.com Both the models of the Pixel come with a 12.3 MP high definition camera. The latest Android 7.1 Nougat version offers the users an amazing experience. These smartphones have a 4 GB Random Access Memory (RAM) with 32 GB and 128 GB memory. Additional features include the Google Assistant, Snapdragon 821, Daydream View...

Whether you want to de-stress from your hectic work schedule, create unforgettable memories, or enjoy some adventure, taking a family vacation is your best option. However, traveling requires enough time and money. You no longer have to worry about arranging outright cash. A personal loan to take your family vacation is the solution. The entire procedure is quick and simple. Furthermore, you do not need any guarantor or collateral to avail of this type of loan. Here are five features of a personal loan that most of the lenders provide. 1.   Flexible loan tenure from 12 months up to 60 months...

Rate cuts bring joy to borrowers. It is because any reduction in borrowing rates means lower EMIs and lower interest payment. And who would not want that? As there is general consensus that current demonetization drive will lead to reduction in borrowing rates, almost all existing as well as soon-to-be borrowers are happy. But for those who already have a personal loan, whether or not their loan rates are reduced will depend on the type of loan they have. Let us relook at the two types of loans that are popular in personal loan market: Fixed Rate Loans The interest rate...

If you are abreast with recent developments in financial field, you would have heard the words Credit Score, CIBIL Score, etc. Many people have a rough idea what it is but don’t know about it in detail. In this article, we try to throw some light on the concept of Credit Scores. Credit or CIBIL Score is a 3-digit summary of your credit history. The score based on your credit history and how you have handled your credit payments across all loan types over a given period of time. This is in no way concerned or dependent on information about your...

Whether you need money to fund your wedding or for your child’s higher education, a personal loan is an excellent choice. These types of loans are unsecured and do not require pledging your personal assets. You will be able to avail of a loan based on your current income and repayment capabilities. Moreover, the entire procedure to acquire a personal loan is quick and hassle-free. Most lenders offer personal loans at competitive interest rates. Furthermore, you may choose from flexible repayment options to suit your personal needs. The repayment is based on an Equated Monthly Installment (EMI), which is payable during...