Stand Up India Loan for SC/ST or Women Entrepreneurs

The Stand Up India scheme is aimed at promoting entrepreneurship at the grassroots sections of the society. The scheme was launched in 2015 to promote funding for green-field projects promoted by SC/ST/Women entrepreneurs. The scheme facilitates bank loans between Rs 10 lakhs and Rs 1 crore. Let’s find out more about the loan scheme. Stand up… Continue Reading

How to Apply for Loan against LIC Policy Online

In an earlier post, I had discussed how you can take loan against your LIC policy to take care of loan requirement. I had also discussed certain aspects as your loan eligibility and the applicable rate of interest for the loan.  You can read the various aspects of loan against LIC policy in this post.… Continue Reading

Monthly Reducing Balance vs Daily Reducing Balance

While browsing for various home loan products, you would have come across terms, Monthly Reducing Balance and Daily Reducing Balance. Home loan products from many banks including State Bank of India work on daily reducing balance method while the home loan products from some banks work on monthly reducing balance methods. What Is the Difference?… Continue Reading

When Should You Consider Refinancing Your Loan?

Refinancing a loan simply means availing a loan from a new lender to pay off an existing one. You approach a new lender for loan refinancing/balance transfer. The new lender sanctions the loan and settles your loan outstanding with the existing lender. Subsequently, your obligation with the existing lender terminates and a new repayment obligation… Continue Reading

What Is the Real Cost of Your Loan?

You may be really excited to have negotiated a good interest rate for your loan with a bank. However, is the interest rate the only aspect in determining your cost of loan? What about the ancillary charges? Such charges also affect the cost of your loan, don’t they? Flat Interest Rate Loans vs Reducing Balance… Continue Reading

Financial Habits That Can Spoil Your Future

Many times, we focus on things to do to improve our long term financial health. In this post, let’s discuss some of the financial habits that are likely to affect your long term financial health adversely. These habits can affect you in many ways. You may not be able to invest enough. You may not… Continue Reading

Loan Against Securities

If you are looking to raise short term funds quickly and have a sizeable investment portfolio, loan against securities is an option you can consider. In this post, let’s look at loans against securities in detail and assess whether you must consider such loans. What Are Loans Against Securities? As the name suggests, you can… Continue Reading

Loan Against Bank Fixed Deposit (FD)

Looking for a short term loan to fund an emergency in the family? Among various ways to raise short term debt, a loan against your existing fixed deposit might just be one of the quickest. In this post, I will discuss loan eligibility, interest rate and pros and cons of such loans. We will also… Continue Reading