Home Loan: Hello friends, welcome back once again. It feels like you have a good home, but lack complete funds to build it. In such cases, people need to take a loan from a bank, which is called a home loan. A home loan is a loan taken from a bank or financial institution to purchase a home, build a house, or renovate a house. Interest rates are charged on home loans, and this debt is repaid monthly in...
CIBIL Score
Whenever you take a loan, you are required to pay the Equated Monthly Installments (EMIs) within a specified time, otherwise, penalties are imposed by the bank. However, many times situations arise where paying the EMIs becomes challenging... Buying a house or a car and taking home or car loans has become common these days. Additionally, people often take personal loans to fulfill various needs....
Getting credit after a loan settlement can be a bit challenging. Consequently, if you need a home loan after settling a previous one, you might have to wait a while. But why is that so? If you're eager to buy your dream home soon after a recent loan settlement, your dream might be a bit farther away. After all, obtaining credit becomes slightly difficult after loan settlement. Therefore, if you...
How To Improve CIBIL Score: You might already know that when you approach a bank for a loan, the first thing they do is check your CIBIL score. Your loan approval is based on this score. However, the RBI has now made changes to the rules governing the CIBIL score. Let's understand the new rules for the CIBIL score. You applied for a loan, your CIBIL score was checked, but unfortunately, it was low,...
