Everything you should know in the world of Finance

Home renovation loans make executing extensive home makeovers affordable by providing the necessary funding approvals. However, getting credit for renovations involves stringent eligibility checks by loan providers. A key parameter influencing loan decisions is the applicant’s credit score—a three-digit number representing financial credibility based on past repayment records. Higher credit scores generally improve the chances of faster approval, access to larger loan amounts, and more favourable interest rates for home renovation loans.

A loan against property (LAP) can help meet large expenses like renovating the house, business growth needs, children's foreign education, marriage, or real estate purchases. However, borrowers must carefully assess options before transferring an existing LAP to another provider.  This article examines critical considerations and potential pitfalls during LAP balance transfers to ensure informed decision-making and optimal financial outcomes.

An overdraft facility against property allows borrowers to access additional funds by pledging their property as collateral. This credit line can be used for a range of purposes, including managing cash flow gaps, business expenses, or personal financial requirements. This facility allows borrowers to withdraw money up to a sanctioned credit limit, paying interest only on the amount utilised. It is particularly useful for managing short-term cash flow requirements or business expenses.

Seeking financial assistance for higher education is daunting, but educational loans make quality education accessible for many. With strategic planning and preparation, your loan application has a higher likelihood of approval. This post shares key tips to strengthen your application. We'll explore building your profile, choosing optimal loan providers, gathering necessary documentation, managing costs, etc.

Opting for a mortgage loan means pledging your house or office as security to access funds from a bank or NBFC. The rate of interest you are offered plays a big role in how much you will end up repaying over the years. Before you start the process, it’s worth understanding how these rates work and what factors might influence the deal you get.

Giving your home a fresh look often requires arranging substantial funds for remodelling and refurbishment. While self-financing minor repairs is possible, extensive renovations like remodelling the kitchen or adding new rooms typically need external funding. Availing loans specifically for home improvements has become easier in India with various banks and non-banking financial companies (NBFCs) offering tailored credit solutions.

Lease rental discounting (LRD) enables commercial property owners to secure loans by pledging the future rental income from leased properties as collateral. This provides liquidity without selling the asset. An important factor in LRD is the discount rate, which determines the eligible loan amount. This article explains what the lease rental discount rate means, why it gets applied, and the methodology for calculating suitable discount rates on rental incomes.

Purchasing a home is often one of the most significant financial decisions in an individual’s life. It represents an exciting opportunity to own a place of one’s own. However, the process of obtaining home financing can be confusing for first-time home buyers. This comprehensive article breaks down everything you need to know about mortgage loans to help you make informed decisions.

When individuals experience financial constraints, borrowing may become necessary. However, with a variety of options available, selecting the most appropriate solution requires careful consideration. Two common choices are the Loan Against Insurance Policy and traditional loans. Each option presents distinct advantages and disadvantages, and the most suitable choice depends on individual requirements, financial circumstances, and objectives. In our blog, we provide a clear comparison to assist you in making an informed decision.

Mutual funds are a popular way to invest money in India. Many people choose them because they are managed by experts and can give good returns. Sometimes, you may need money quickly for an emergency or a big expense. Instead of selling your mutual funds, you can take a loan against them.

Banks and financial companies give loans against mutual funds. You just need to use your mutual fund units as security. Here are the top 5 benefits of mutual fund loans: