Where to invest with cut in Repo Rates? The cut in Repo Rates is good for borrowers of the loans however it may lay an adverse impact on your Security Deposits – learn where to invest with the current cut in Repo Rates As we all know about the announcement made by the new RBI governor to implement cut in repo rates by 25bps in the month of April, owing to which the current repo rate stands at 6.25%. The rate at which the Reserve bank of India lends to borrower banks is call the “Repo Rate”. The current Repo Rate is the lowest in the past 6 years, which is likely to lower down further by the end of this year. The rate cut are a blessing for those opting for loan products, such as home loan, Personal Loans, etc, however there would be an adverse impact on the investments such as fixed deposits, recurring deposits, etc. How the point remains where to invest? Debt Mutual funds – The debt mutual funds look attractive especially in the current financial situation.
Various types of debt funds you can consider to invest in: Credit Score vs Credit Remarks: Which Matters More? Letzbank. For any person who is contemplating raising a loan for the next car, home or business expansion, Credit score really matters. In fact most of us never look beyond a great credit score from Experian. After all, a score upward of 700 or 750 has to get the Loan. But unfortunately that is not the case and there is one more elephant that you may encounter while getting your loan approved based on credit reports and that is- credit remark. A simple one line from your creditors that can mar your chances of availing a loan quite easily. What exactly is a Credit Remark? For all those who are new to this term, Credit remark is a small statement and could even be just one word comment on your loan and you by the creditor to credit rating agencies.
How does a credit remark appear? As mentioned earlier, a credit remark could be a word or a statement like closed, settled, written off, multiple defaults, delays, restructured etc. Credit Score Vs Credit Remark Working on your credit remark. Rules to manage your finances while Living with Parents and Children. In today’s world where managing monthly expenses for a nuclear family is at times a challenge, managing your expenses when you have dependents is tougher. Whether you have your senior aged parents as dependents or young children, here are some rules to follow to ensure a smooth sailing every month without getting into a downward spiral. 1.
Determine your monthly budget and expense Depending on your monthly income and expenses set up a budget and stick to it. Keep your financial goals in mind while setting up a budget is also important to ensure you build a healthy financial future. Try to pay off all your bills, expenses, investment payments, recurring deposits, etc. to ensure you do not spend money carelessly. 2.
One of the best ways to save money from taxes when you have parents and children living with you, is by claiming tax rebates from a number of dependent expenses. 3. 4. Benefits of borrowing small Personal Loans @ Letzbank. Borrow personal loan - for all your small to big needs. Learn about why to borrow personal loans to meet small needs. Why think of just a big fat wedding or a big occasion to borrow a loan, when most of the time it is small expenditures when clubbed together becomes a big amount. The point to be noted is that the little expenditures you enjoyed because of your credit card might be the reason why you have not been able to save enough for an emergency. There is nothing wrong in using credit card till the time you use and are able to pay off the credit taken early, however the interest posed on a credit card takes a toll over your finances if not paid in time. Small personal loans can be borrowed easily through simple online process: It is easy to borrow personal loan online through a simple online process, without much issues of visiting bank for the purpose.
Lower EMIs: The Lower the personal loan amount borrowed, lower would be the EMIs you will have to bear. Lower Rate of interest: Tips to save dollars while studying in abroad. Most of the students studying abroad borrow loans in India and have to repay the loan as soon as they graduate or atleast bear the interest amount till the time you are graduated.
Not all of us have requisite resources to pay back the education loan that one has borrowed in India; however it becomes important for us to save some money while we are still in abroad. 1.Take up a part time job – taking up a part time job will help you meet your day to day expenditure. Initially when you reach your institution you may not be allowed to work outside the premises for atleast 6 months. In such cases look for job opportunities within the school or universities where you will be able to make enough to make up for your day to day expenditure. 2.Enroll yourself for OPT/CPT programmes – it is really important for you to get an experience while still studying in abroad. 4.Cut down on the cost of living – It is always good to share. Main Category: Loans.
5 ways to know to manage your finances for a life through Letzbank. Quick tips of getting home loan approved at Letzbank. Want to buy your dream house but don’t have the savings? No worries at all because the banks are ready to help you get the home you love by offering you a Home Loan. This everyone knows that the banks are the biggest help but if you’re afraid listening to the rejection stories from the people who applied for the loan thinking it will happen to you too, then you have reached the right place, cause we are sharing you tips that will help you get your home loan approved. Tips: 1) Clear your credit score – This is the number one thing to take care of because applying for not just the home loan but any kind of loans.
If you have thought that the owed debts are at a different bank, organizations, etc. then that is not the case. 2) Have the answers before questioned – Some of the basic but important questions that the lending party would want to know are your monthly income, assets, your credit history, existing loans and your job background.
Conclusion: Main Category: Loans. Never turn down a Travel Offer – with Travel Loans@ Letzbank. Vacations always call for a family outing, and there is nothing like taking time off with your family and friends especially during the festive season. All travel websites – Makemytrip, Cleartrip, Irctc, Yatra do their job well and come up with exciting offers on travel packages which are really too hard to just let go. Travels planned during vacations can be challenging for most of us since everyone is trying to travel with family to catch up with relatives and dear ones and the air fares are on the higher sides we are there to assist.
Family is important and even more important thing is to spend time with them. If you need to travel to keep the promise you made with your parents, children, spouse “DO NOT THINK TWICE”. Travel Loans Travel Loans are in a way personal loan offers that can be availed from any bank across the country for any of your financial requirement which includes funding for your vacation. Travel Loan Amount: Travel Loans can be availed upto Rs.25 Lakhs. Know 5 Things that help to reach your financial goals. Everybody in this world has a goal to be financial settled. With the growing standards of living, there is of course a rise in the expenses, which leaves us just dreaming about a life where you don’t think twice before expending. To reach that goal there are so many different methods and action plans that is followed by everyone. Some might work out or some won’t. Here is an article for you all to help ease out making the plan of how to reach your financial goals and to live your dream life. 5 Things: 1.
Initially this is a very important process. 2. Once you got all your goals penned down on a paper or electronic device according to your level of comfort, the next important thing to keep in mind is to take the step-by-step process. 3. After narrowing down the goals from small ones to big, the next important thing to do is think of a way to remind you of the goal. 4. 5.
In the second point we had discussed an example that you could save 100 bucks a day. Main Category: Finance. Get to know Tips to save money on a tight budget at Letzbank. Is your money running away leaving you cashless? Here are certain tips that would help you save money on a tight budget! I am sure that there are many who would run cashless, especially while heading towards the month end. For most of us you just get to see your five figured fat salary when our salary gets credited in our account and as the month end comes we are left to wonder where all the money has gone. Running short of money is something that can happen to anyone anywhere, therefore planning comes into picture. Getting acquainted with your incoming and outgoing finances is always good to keep a track and thereby control the cash flow from your account. 1.Make a note of your expenses by creating a monthly budget: Calculating your finances will always help you know and track down all the expenditures you need to make in the coming month. 6.Beware - Do not overspend: If you are not in a financially tight situation then do not over spend and fall in the debt trap.
Main Category: Finance. Budgeting Ideas for Self-Employed. Setting on a Self-Employed venture? Learning some budgeting ideas would help you plan your budget well enough for a prosperous business. 1. Plan a budget If you have a business in mind you must make a project proposal dividing your expenses in capital expenditure as well as operational expenditure. 2. Have a working style that would not give you a set-back during the leaner months of your business. . ☛ Business Checking Account ☛ Retirement or Pension Account ☛ An account for personal savings and checking ☛ Tax Account 3. It is always good to keep a back-up plan to meet your finances. Having a money management system that would work Diversifying money in various fractions would help you manage your finances in a better way. 1.
Now that you are an entrepreneur you will have to pay tax which would be obviously on the higher side. 2. Save atleast 10% of your income for your retirement. 3. Personal checking will enable you to get the fraction of money you are looking at as your income. 4. How to save tax if you are a Non Resident Indian @ Letzbank. NRI’s do have tough job specially while dealing with paying taxes and maintaining finances in India while sitting in abroad. You have to ensure that you are you are doing the right thing in India while sitting in abroad. You being an NRI will make all the difference in the rule and regulation you have to abide by in India as there are different set of rules for NRIs. And if you lack information on the latest information on the tax rules and return filing in India you are definitely in a trouble.
All you need to do is to make a wise decision while making such financial decisions and plan them well too. Here are certain tips about tax planning. Know what is your taxable income? Before going forward on how to save your tax, know what the various taxes applicable to you are. ➡ You will have to bear taxes for the money that you earn in India; this means your tax will be calculated upon what you earn in India and not what you earn abroad.
How to File tax returns How to save taxes. Everything to know about two-wheeler loans @ Letzbank. Riding your favourite bike would have never been this easier, with Two-wheeler loans offered by Letzbank. This article is intended to highlight features of Two-wheeler loans so that you get to know everything you need to know about two wheeler loans in India. Looking for loans is not just enough first you need to see which is the bike you want to purchase and then go ahead and see which bank would offer you an interesting deal on two-wheeler loans. So, instead of looking for two-wheeler loans from bank to bank look for two-wheeler loans available on Letzbank website which will give you a fair idea of which bank is offering you what deal. Here is all information you would want to know about two-wheeler loans: • Loan Amount: You can avail two-wheeler loans upto Rupees 1,50,000/- from our partner banks to buy the two-wheeler of your choice. • Rate of Interest: Rate of Interest applicable on this loan type is approximately 11% to 27% p.a.
Check your eligibility for availing Two-wheeler loans: Why online banking is your “Friend with benefit” at letzbank. Life has indeed been made easier with online banking, which was not so prevalent some years back. People had to stand in queues and wait for their turn to come for a manual transaction to happen. Life has changed much with facility of online banking designed for the convenience of the customers, where customers can plan their own fund transfers, schedule bill payments, and make even simpler payments like grocery shopping, recharging mobile, etc. through a much simpler and online process.
Online banking also ensures that we are not just making the payments through an online process but also save money by making use of discount coupons If you are not using online banking you are certainly missing out on one of the luxuries of life. 1.Access your bank anytime: If you were planning to visit your bank wait for a while and get online. . ✔ You can check how much balance you have in your savings account online. ✔ You can also apply for credit card online. Main Category: Others. Personal Loan Balance transfer- factors to remember. Personal loan is the most borrowed loan product in the country.
Previously personal loan rates were on the higher ranging between 15% to 25% per annum; however now the personal loan rates are as low as 10% per annum. Customers having existing personal loan account and are paying higher rate of interest, and therefore higher EMIs towards the existing loans borrowed can easily apply for apply for Balance Transfer in a bank that is offering personal loans at lower rate of interest. Enlisted below are things to keep in mind while wanting to take a balance transfer: • Interest Rate New Vs. . • Ensure Existing Loan Repayment in full: Do ensure that the new lender pays the outstanding amount to the previous lender in full and you do not have to pay any penalty or any fee from your pocket. • Previous Loan – Loan account Summary: You will have to submit your loan account summary to the new lender.
Main Category: Loans. 6 Ways to verify your Returns. The digitization of Income tax returns started quite a while back when Income Tax department allowed online return filing. However, to complete the process of filing return, one had to send duly signed physical printout of the return filed to Central processing unit based in Bangalore. There were quite a few of us who would simply forget to do this and others who would not find time to speed post the physical form until it was too late.
Then Income tax department introduced digital signatures. The form could be digitally signed but somehow this method did not gain popularity amongst individuals, it was mostly CA firms and such organizations only that made use of this method. However, now the Income Tax department has taken number of initiatives that make e-verification a popular reality.
Most of the tax payers have welcomed e-verification with open arms and there are just so many ways to carry it out that it does not matter whether a tax payer has access to a computer. Adhaar OTP. Details of Home loan closure Procedure. Say a big no to your car loan rejection. Learn ways that already proven to make up for your poor credit score. Top 5 sectors for Investment opportunities in India. Know about Taxes on your Commercial Property at Letzbank. Get Best Business Loan Offers from different banks. Know about Taxes applicable on Residential Property Letzbank. 7 Mistakes to avoid while using Internet banking. Fill It returns online by knowing step by step process. What is the Application Process for Car Loan? Know Benefits of Having Prompt Repayments at Letzbank. Get car loan in ahmedabad at lowest ROI.
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