Know overhead charges while applying for Car Loan. Car loans are hugely popular for all kinds of people. For some, car loan is the chance to realize their life long dream of owning their very own vehicle with their own income. While for some, car loans are an opportunity to upgrade to a new car with more features and options. However, did you know that your Car Loan agreement might include some terms and conditions related to overhead charges that may not have been communicated to you at the time of loan application?
Here are some details on overhead charges that will help you to choose the right car loan. ➤ Foreclosure Charge – Some people take a car with an objective to repay as fast as possible with the help of an annual bonus. However, you must know that not all banks allow foreclosure of loans and some that do place a foreclosure penalty in the form of an additional charge. . ➤ Document Fees –Document fees are charged by banks to process your loan application and cover the legal costs such as stamp duty, registration cost, etc. Know overhead charges while applying Home Loan. Home Loans are one of the most important loan product that you will ever undertake to fulfill your dream of a permanent home.
With the splurge in home loans and collaboration of builders with banks to introduce various schemes to attract buyers, one can often overlook the fine print mentioned in your home loan agreement, which may lead to financial woes later on. Find out the overhead charges that are generally applied on home loan applications to familiarize yourself with the process: • Processing Fees – Just like any other loan application, home loans too incur processing fees that are charged by banks to process every loan. In general the processing fees is a mix of any admin costs, support staff fees, credit report fees, etc. that a bank will charge you for your individual application. If you have a good credit score, you may find some banks that will offer zero processing fees to make you choose their bank as your home loan provider.
Check Your Eligibility Main Category:Loans. Know overhead charges when applying Personal Loan. Personal Loans support your financial needs at times when you require it most, such as, a wedding, a vacation, a medical exigency or any other personal need. As personal loans are unsecured loans, they carry a high rate of interest. They also involve a range of charges and fees that are charged by the bank/financial institution and are mentioned in your loan agreement, but these fees and charges are often overlooked. Here are some of the overhead charges that you must familiarize yourself with: 1. Loan Processing Fees –Processing fees or a loan application fee is a charge made to you by a bank for processing your loan application. This fee is usually charged in order to cover the administrative costs of the bank, any credit score checks done for you in relation to your loan application, amongst others. Processing fees are a standard fee that is charged by most banks and financial institutions. 2. 3. 4. 5. 6.
Check Your Eligibility Main Category:Loans. Take a Break with Holiday Loans at Letzbank. Your lifelong dream to travel around the world and experience the different cultures and historic places is now just a click away! Introducing holiday loans aka personal loans that are customized to the needs of a traveller. Travelling internationally involves a lot of money due to the currency difference and the various visa regulations. However, this does not stop aspiring world travellers from exploring uncharted territories.
Banks and financial institutions also recognize this need, which is why, a holiday loan might be one of the best options for you. Benefits of Holiday Loans ✔ Instant Approvals ✔ Flexible ✔ Higher Loan Amount Eligibility ✔ Longer Tenure ✔ Faster Loan Disbursal ✔ Preapproved Offers available for existing customers by banks from time-to-time ✔ Online access to Loan Details ✔ Easy repayment options Holiday Loans @ Letzbank Holiday loans aka personal loans are available at Letzbank and the loan amounts offered by different banks is Rs. 15 lakhs to Rs. 25 lakhs. Things to know before you apply for a Personal Loan. Tackling your unexpected expenses can at times be very stressful and place a dent not only in your monthly budget but also your savings.
Take a medical emergency for example. Most people in India do not have a medical insurance and at times when they are hospitalized, managing hospital bills can be a daunting experience. Hospitalizations are costly and can put a severe dent in your life’s savings. It is at these times that a personal loan is often sought after since they are easily available and do not require any security or a collateral to be submitted. However, while personal loans fulfill your immediate needs and helps you manage your additional expenses; here are a couple of things you must bear in mind before you apply for a personal loan: 1. 2. 3. 4.
These are some of the important points you must bear in mind. Check Your Eligibility. Things to know before you apply for Home Loan @ Letzbank. Buying a house of your own is a major life goal for many and people start saving up for their dream home once they are old enough to earn. With the development in housing schemes and banks partnering with builders directly to offer home loans to borrowers, one often gets swayed by the in-house loan schemed by builders, without reading the fine print and understanding the conditions; only to later find many difficulties with repayment and home ownership. Being prepared for a home loan and its process is an important factor in getting the best home loan that fits your individual requirements.
There is no dearth of home loans offered by banks and financial institutions but the approval process for home loans is not simple. So here are a few pointers you must know before you apply for a home loan: 1. Determine your home loan eligibility – Home loan approvals are tough as banks evaluate your repayment capability and general credit health to the core, before they give their final approval. 2.
Borrowing Personal Loan to clear Debt - A blessing or Boon. There are many reasons why people opt for a personal loan – manage wedding expenses, pay huge hospitalization bills, pay for your higher education when you cannot get a student loan or renovate your home. Due to the flexible nature of personal loans, it can be taken for a variety of reasons. However, more and more people are now consolidating all their debts into a single one and are choosing personal loans for that matter. Some want to get rid of credit card debts.
Since credit cards have a much higher interest amongst any other form of loan – unsecured or secured; people often take a personal loan to repay their credit cards. There are any reasons why a personal loan can be a boon when you use it to pay off debts: •Personal loans are flexible – Due to the highly flexible nature of personal loans, you are able to consolidate all loans together into one single loan. •No Collateral required - Unlike home loans or car loans, personal loans are unsecured and do not require any collateral. Business loans are the workable solutions for your Business. Every business needs a little capital funding from time to time. So whether you need assistance with capital during the initial stages of your start-up or you need funding to expand your business, business loan are diverse in nature to fit every business need.
While people may get skeptical when you initially reach out for a business loan, however there are a plenty of reasons why business loans are one of the most workable solution for your business: 1. Business Expansion – When you build a larger teamfor your business and don’t have space to fit in all the new employees, looking for a bigger office space is a must. However, office spaces come at a high cost as commercial spaces are far more expensive than residential ones. With the setting up of office space according to your business needs, you may require extra capital to fund the move. 2. 3. 4. 5.
Business loans can be a great way to establish your business. Why Personal Loans are workable answer for your Expediencies. There are times when your financial needs becomes difficult to meet due to sudden unexpected expenses such as an expensive medical treatment, a sudden job loss or a wedding that goes over the budget. At such times, getting access to instant cash is a number one priority. Which is why, a personal loan are regarded as the most workable solution for any sudden expenses that warrant your attention. Here are some of the reasons why personal loans are the most workable solution: 1.
Instant Approvals – If you maintain a good credit history and have a stable job, getting an instant personal loan approval might be easy. Most banks offer a pre-approved personal loan to eligible customers, based on their spending, income and repayment history. Also, personal loans have one of the lowest time frames with a few financial institutions such as Bajaj Finserv, offering approval and loan disbursal within 72 hours of document submission. 2. 3. 4. 5. 6. 7. 8. Main Category: Loans. Build your dream home judiciously with the best home loan. Home Loans are stepping-stones to the realisation of a dream home. But with the growing demands in real estate, getting a dream home comes at a huge price.
Which is why, home loans are now a part and parcel of a home seekers journey. Finding the right home loan can be a daunting experience for some, and Letzbank aims to help home loan seekers with access to one of the best home loans from all top banks, so that you need not run from pillar to post in the search of a good home loan. There are a few things you must keep in mind while searching for the best home loan: 1. Interest Rate – Home loans are provided at two types of interest rates that a borrower can choose from – floating rates and fixed interest rates. 2. 3. 4. Letzbank is a financial website that is a one stop for all loans and financial services, all under one roof. Letzbank has partnered with a number of banks and independent financial institutions to provide loans with special offers and discounts. Check Your Eligibility. Calculate EMI on your Tips With EMI Calculators at Letzbank.
Before you apply for any loan, calculating the monthly EMI for that loan is a must. However, why use complicated excel sheets or manual calculators when you have an EMI calculator ready? Whether you want to apply for a home loan, a car loan or a personal loan; your loan search will always be determined upon the monthly budget you have and the EMI that will be deducted every month.
Gone are the days when you had to manually input the details of a loan in a excel sheet or a manual calculator. Ever since EMI calculators came into picture, getting an exact picture of your EMI every month as well as annual estimate has been easier and quicker. So What Is An EMI? Equated Monthly Instalment or EMI, is a fixed amount that you need to pay every month for a specified time period to repay the loan. EMI is calculated based on the total principal loan amount you have borrowed and the amount of interest the bank is charging you. What Is An EMI Calculator? 1. 2. 3. Letzbank EMI Calculators. Un-veil the secrets of the Best Personal Loan for you. A personal loan is one of the best ways to manage financial emergency without having to submit any form of collateral or a huge income guarantee. However, how do you find the best personal loan deal for you? Here’s how. In today’s world, if you have a stable income and repay your debts on time, finding a personal loan is not tough.
However, there are numerous types of personal loans available in the market and some have lower interest rates and benefits, while some have outrageously high interest rates. So, how do you choose the best personal loan for you amongst all the choices? Here’s how: ✔ Check your Eligibility - Before you even begin the process of a personal loan application, it is wise to go ahead and check on your loan eligibility. . ✔ Use a Personal Loan EMI calculator – One of the biggest mistakes people make while looking for a personal loan is not estimating how much amount they can actually afford. Check Your Eligibility Main Category:Loans. Know whether your financial advisor is Honest. Finding the right financial advisor is crucial to help you with your important financial decisions and help you make the right investment choices. Find out how to find the right financial advisor. Not everyone is qualified enough to champion the stock market and make the wisest investment decisions at the right time.
Most simple and hard-working individuals rely on expert financial advisors to help them with the best retirement investments, amongst other investments from time to time. However, finding the right financial advisor that will focus on your specific financial goals and help you to reap the benefits of better financial decisions is crucial. You will find a lot of financial advisors that focus on sales and how much commission they will be able to obtain from an investment. 1.
One of the most important sign that proves that your financial advisor is honest with you, can be determined by how transparent he is regarding his academic credentials. 2. 3. 4. 5. Why Digital Footprint Is Crucial To Get A Loan. Retail loans have become highly competitive. Apart from traditional banks, more and more independent financial institutions have started offerings retail loans to consumers in India.
Whether it is a traditional bank or a non-traditional banking institution, all of them rely on the digital footprint of an individual before approving a loan application. What is a Digital Footprint? Simply put, a digital footprint is your information online that traces your identity. In the financial world, a digital footprint would be your data that is both for your identity as well as your financial background and your past record with banks. When is a Digital Footprint applicable?
Digital footprints are mainly used to evaluate applicant’s who have no prior credit history. India is developing at a rapid pace and with a larger population under 30, there is a huge business opportunity for banks by offering loans and financial services to people who have just started working. Conclusion. Know the new RBI Governor - Urjit Patel. Urjit Patel is the newly appointed RBI governor of India. He assumed office on September 06, 2016 and is an Indian economist.
Learn some interesting facts about the new RBI governor. Mr. Urjit Patel replaced popular banker, Raghuram Rajan as the new Reserve Bank of India (RBI) governor of India on September 06, 2016. Mr. A graduate in economics from London School of Economics and a Masters in Philosophy from Oxford University, Mr. Interesting Facts about Mr. 1. 2. 3. 4. 5. 6. 7. According to the chief economist at the Indian Ratings and Research, Devendra Pant says, “Mr.
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