You plan to take a personal loan. What is the flexibility you would want from your personal loan product? I will share a few thoughts on flexibility expected. Lower charges (beyond the loan interest rate). Processing fee etc. Zero or lower prepayment penalty. No prepayment penalty in a personal loan is asking for too much.… Continue Reading
It began with a small loan that you couldn’t repay on time. Then, you had to take another loan to repay the older one. Your spendthrift ways continued. You had credit cards and you kept making minimum payments and kept rolling over debt. Gradually, things started getting out of control. The high rate of interest… Continue Reading
If you are moving to one of the bigger cities such as Mumbai and Bengaluru, finding a cheap accommodation is not easy. Rentals can be quite high too. However, as a tenant, paying high rent is not the only problem. You need to put up a big security deposit with the landlord/owner too. In Mumbai,… Continue Reading
In an earlier post, we discussed a loan product for professionals from HDFC Bank. The HDFC bank loan can be used by Doctors, Chartered Accountants, Architects and Company Secretaries and other professionals. In this post, we will discuss a suite of products that is exclusively earmarked for doctors. Bajaj Finserv has 4 loan products for doctors.… 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
A few days ago, I watched an interesting TV commercial for a personal loan product from Bajaj Finserv. The product is Bajaj Finserv Flexi Loan. Let’s find out more about the product. How Does the Bajaj Finserv Flexi Loan Work? Think of it as a credit line. You can withdraw/borrow or repay as many times as… Continue Reading