People should have emergency funds, but this is easier said than done. But even for those that do, it might not be enough to cover all the emergency expenses. So, what other financial options do you have when in such a situation? Taking a personal loan can prove to be a good choice. Personal loans are unsecured loans offered by financial institutions. Opting for such a loan comes with several advantages, as explained below. 1. Builds Your Credit Score When you take up a personal loan, you … [Read more...]
Guide to Getting a Low-Interest Rate Personal Loan
Personal loans are very useful when you want to settle a debt or purchase something that you can’t afford. But make sure to avoid a personal loan with an expensive interest rate because that may lead you to a financial problem. Instead, look for one that has an affordable rate when you want to borrow money. One lender may charge a different interest rate compared to another lender. Your credit score also plays a role on what will be the interest rate of your loan. To learn more, here’s a … [Read more...]
How to Claim Home Loan Tax Exemptions on Under Construction Property?
Nowadays, a large number of homebuyers are purchasing under-construction properties. The primary reason being that such properties are more economical as compared to ready-to-move-in properties. If you are looking to purchase an under-construction property, you can consider availing a home loan for the same. Also, do not forget to claim tax benefits on home loan for under-construction properties. Here’s how you can claim home loan tax benefits on an under-construction property: In case of … [Read more...]
Home Loan Checklist – Important for Choosing a Home Loan That Suits Your Needs
It is ideal to think about your requirements and needs in advance. When you know the kind of loan that you are looking for, then you will be able to apply for a similar loan to different lenders out there. This way, it will be very easy for you to compare different offers and find out which one will work the best for you in this regard. In this article, we will discuss the importance of choosing a home loan that suits your needs. Kind of Loan This is the first thing that you have to keep in … [Read more...]
Top 4 Questions to Know About Your Home Loan Eligibility
When you set out to avail a home loan there are many factors to consider. You need to decide the loan amount, tenureand a lender that can offer you the lowest rates. However, before you apply, ensure that you know your home loan eligibility. While lenders have specific eligibility criteria that help them assess your repayment capacity, you can also determine if you should take a loan by answering a few questions. Following are a few questions that you should answer before contacting any … [Read more...]
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