Everything you should know in the world of Finance

A demand loan, also known as a call loan or demand deposit, is a type of loan that can be recalled at any time by the lending company. The funds do not have a specific maturity date, so the bank can demand repayment of the full loan balance at its discretion.

Demand loans allow flexibility for borrowers in need of short-term working capital. However, to secure a demand loan requires careful planning and preparation. This article provides a comprehensive overview of the essential steps involved in applying for a demand loan.

Becoming a taxi driver means first obtaining an eligible vehicle to transport passengers. Quality used cars represent affordable options for many new drivers. Used car loans allow taxi drivers to spread the purchase cost over time. Many lenders offer commercial vehicle loans tailored for taxi drivers, subject to eligibility criteria. That is why loan providers in India now offer loans specifically to meet taxi drivers' needs. 

A home loan balance transfer can be a strategic move to cut down interest costs and improve repayment flexibility. However, unless approached with the right tactics, the potential savings might not be as significant as expected.

With interest rates often fluctuating and hidden charges lurking beneath the surface, understanding the key points becomes crucial. Here’s an in-depth guide covering home loan balance transfer tips, when to act, and the cost-saving strategies you can adopt in the Indian context.

A balloon payment loan is a type of loan (can be applied across home loans, car loans, or business loans) typically requiring applicants to pay off the entire loan balance with a large final “balloon” payment at the end of the loan term. If the applicant cannot make the final payment, they may risk foreclosure. However, there are ways for borrowers to avoid foreclosure even with a balloon payment loan.

Strategies to Avoid Foreclosure on Balloon Loan

Here are some of the actionable steps to stop foreclosure on your balloon loan.

Having reliable transportation is crucial for dairy farmers and those in the dairy business. Dairy operations typically require driving to pick up supplies, deliver products, and commute to tend to the farm. Financing used vehicles can be a practical solution for dairy businesses seeking reliable transportation while managing costs. Used vehicle loans are widely available from banks and NBFCs, often making them accessible for dairy operations of various sizes.

Taxi drivers in India often need a dependable car to run their business, but buying one can be costly. A used car loan helps them afford a vehicle by paying in small monthly amounts. The interest rate on these loans decides how much extra they will pay. This article explains the interest on second-hand car loans, covering what they are, what affects them, and how to manage them. So, let us get started:

Taking a loan is an important financial decision that requires careful consideration of factors like interest rates, repayment capacity, eligibility criteria and more. Two popular borrowing options in India are top-up loans that allow you to borrow over and above your existing loan, and personal loans that offer funds for various personal needs. But how do you decide which one works better for you? This article explores the key features, eligibility, interest rates and other details of a top-up loan vs a personal loan to help you make an informed choice.

Starting and growing a small business involves significant effort, and securing funds for equipment, inventory, or staffing can be challenging. In such cases, a micro loan secured against property offers an alternative financing route for business owners seeking to leverage their assets.

Financial institutions are offering innovative loans against your residential or commercial property to entrepreneurs who wish to grow their fledgling ventures. Here's how you can utilise a micro loan against property.

Taking a loan is an important financial decision. When you need to take a loan, you should think carefully about what you need the money for and look at your current financial situation. There are many loan options available, but two of the most common are an overdraft facility and a personal loan. If you are weighing your short-term and long-term borrowing options, this guide will help you choose between the two (overdraft facility versus personal loan) to suit your needs.

A personal loan can be used for covering various expenses such as home repairs, unexpected bills, education, wedding, etc. But before you apply, you must have a clear idea of the documents required.
This personal loan application checklist is suitable for new applicants. It will walk you through the necessary paperwork and describe how lenders will review your application. You will also get an idea of how to increase your chances of getting approved.