I was recently browsing Amazon.in to purchase an electronic item. When I checked out the payment options, I found many No-Cost EMI offers from various banks. A No-cost EMI means that the sum total of all your EMI payments is equal to the cost of the item. i.e., even though you make payments over many… Continue Reading
In this post, we will discuss a personal loan product from State Bank of India, SBI Xpress Power loan (formerly known as SBI Xpress Bandhan). By the way, this is not the first time I am writing about a personal loan product from SBI stable. In my earlier posts, I have discussed two personal loan… Continue Reading
You don’t like apartment life. You want to construct your house on a small piece of land and live there peacefully. Another reason for such a choice could be that you are not getting quality apartments in the city where you want to stay. And this can be a problem in smaller cities. The issue… Continue Reading
Salary loans, as the name suggests, must have something to do with your salary. In this post, when we talk about salary loans, we are essentially talking about loans to manage the mismatch between the timing of your expenses and your salary. By the way, there is no standardised nomenclature. For instance, ICICI Bank has… Continue Reading
Recently, I came across an interesting article in Mint about accessing your CIBIL score on WhatsApp. Your credit score is a measure of your credit worthiness. Higher your score, greater your credit worthiness. TransUnion CIBIL is one of the credit bureaus and the credit score CIBIL provides is known as CIBIL score. We have seen… Continue Reading
In this post, let’s look at New Home Loan product from DHFL (Dewan Housing Finance Limited). At the outset, I must concede that there is nothing special about this product. It is a plain vanilla home loan product. As simple as it gets. There is no fancy feature in this product that requires a deeper… Continue Reading
Recently, I watched an ad from Flipkart about Debit Card EMI. This sounded a bit strange to me. Typically, you would associate EMI with a credit card or a loan. Getting a credit card is not always easy. Your credit card application can get rejected for various reasons. A bad credit score is a common… Continue Reading
Bajaj Finserv EMI Card is a unique product where your purchase amount is automatically converted into EMIs. You can think of the product structure as a pre-approved loan. You can swipe or use the card (where the card is accepted) and the purchase amount will automatically be converted into EMIs. The attractive part is that… Continue Reading
I had written a post on loan against securities earlier. However, the process always seemed a bit drawn out. It can easily take up to 5-6 days to avail the facility. HDFC Bank has come out with a loan facility — Digital Loans against Mutual Funds or Digital LAMF — where you can pledge your… Continue Reading
It is easier to get a loan if you are a salaried employee. Not so much if you are self-employed, proprietor or a professional. If you were not salaried when you applied for a home loan, you would know. By the way, most bank offer loans to non-salaried under the same loan products. Just that… Continue Reading