Sanction letter is an important document that provides clarity and transparency in the loan process. It outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, processing fee, prepayment charges, security or collateral, and other relevant details. This letter helps the borrower to understand the loan process and make informed decisions. It diminishes the…...
Indian borrowers can opt from a wide range of Home loan products available to raise funds for real estate acquisition. The loan recipient must meticulously research the wide range of products available to get the best possible deal in the market. Or you can refer to this piece to thoroughly understand the best banks for Home loans in India. So…...
You must have often come across a financial term called “CIBIL Score”. But, what is it, and why is it important? In this blog, we’ll briefly discuss what a CIBIL Score is, what makes it so crucial, and how can you check your cibil score by PAN Card!Lenders consider your CIBIL score highly when assessing your loan application. Therefore, it's…...
College students pursuing their degrees in educational institutions of India can avail of student credit cards specifically designed to cater to their requirements. These student credit cards can be availed of by any student who has reached the age of 18. The applicants for the student credit card are not required to produce any income proof to apply for the…...
Many financial institutions in India allow the recipients of the loan to raise funds by pledging their gold reserves as collateral. The gold loan interest rates vary from 7% per annum to 29% per annum. The applicant can avail of a loan of up to Rs 1.5 Crores. And the tenure for repayment ranges from 3 months to 4 years…...
Personal loans have been identified as the most availed of products in the debt market in India. The technology-driven fourth industrial revolution has made the research and application process to obtain loan amounts from financial institutions fairly easy and convenient. According to studies, around 78% of credit requests are hinged on personal loans. It owes its popularity to the borrower…...