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Loanfasttrack Wealth in Your Hand
The extended lockdown has increased worries in the lives of the common man. The already frustrated common man with job loss, business downpour, depleted savings with many mouths to feed, children’s education, paying rent, paying EMI’s, is becoming restless day by day wondering about his future financial stability & earnings. The pandemic Corona-virus drew an …
The pandemic Covid-19 has shaken the entire nation and has encountered detrimental effects in the majority of the sectors in India. Banking is one such sector which is badly hit owing to the coronavirus breakout. RBI however from time to time has introduced newer reforms in support to protect the interest of the public by …
The SIP (Systematic Investment Plan) investment is a new generation investment plan which emerged as the best tool for earning higher returns by investing small and equal amounts at regular intervals into a mutual fund, trading account or retirement account, etc. Mutual fund SIPs however has gained much importance over the last 15 years and …
The Banking Surrogate means ascertaining the eligibility of the customers only on the basis of his banking statements. This product is specially designed for the customers who earn variable income/ profits per month i.e. for the self-employed customers. The fixed income earners like those of salaried class are not considered under this product to qualify …
An corrected market is an opportunity call to invest into tumbled stocks. The history of stock exchanges and the stock trading has witnessed numerous incidents of people becoming rich overnight as well as impecunious at the same time. People therefore have advanced in saying the stock market is a gamble, an authorized legal gamble. Not …
The study says the root cause of every nine out of 10 Indians is stress, mainly financial stress. Money, the most important factor in all’s life, is the source of pleasure and also the cause of extreme pain. The famous Bollywood song replicates this as, “Na biwi na bacha, na baap bada na maiya, the …
Introduction Food, clothing, and shelter are our basic needs. At some point in time, we all invest in immovable asset i.e. property. We may invest in residence/ home, commercial property, office spaces, or even buy commercial or residential plots. Apart from adding to assets in our balance sheets, the property also helps you to raise …
Home loans top the segment of secured loan business of the banks. The EMIs option further makes it easier for the loan borrower to purchase his dream home. EMIs help to take away the burden of paying upfront the huge cost of the house. It is the fixed amount of money that the loan borrower needs to pay …
Meaning: A co-applicant in a home loan means a Co-borrower of the loan. He is a person who applies for a loan along with the borrower and accepts the responsibility for repaying a debt along with the primary borrower. Who can be a Co- applicant? 1) A Co-applicant has to be in blood relation to an applicant. He can either …
When a borrower’s home loan application gets approved by the bank, the bank intimates the borrower of the loan approval by issuing a SANCTION LETTER. The sanction letter so provided mentions all the facts, figures (loan amount), conditions as well as the PSD conditions including the banking terms and policies about the rate of interest. Let us …