Now, Loans for Rental Deposits Too

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

Easy Loans Can Make Your Life Difficult

Getting loans is easy these days, especially if you are salaried and have the right credit profile. And there are loans available for everything. You can easily get loans for travel, home renovation, wedding, medical treatment or anything under the sun. You can get these loans quickly too. A few platforms claim to provide loans… Continue Reading

Taking a Loan to Pay Your Insurance Premium?

We know that insurers provide loans against insurance policies. Therefore, if you have a traditional insurance policy and need short term funds, you can approach your insurance company to offer you a loan. The maximum loan amount is 80-90% of the prevailing policy surrender value. If you can’t repay the loan, the insurance company can… Continue Reading

Taking a Personal Loan for Downpayment?

Even when you plan to purchase a house through a loan, you still must make the down-payment from your own pocket. Your home loan wouldn’t fund the complete purchase amount. You must fund some percentage of the purchase from own pocket. What if you didn’t plan well and you do not have funds to make… Continue Reading

Look for These Signs of Debt Trouble

Recently, I read an excellent article from Uma Shashikant about the signs of a person battling with debt. Remember, the person who is in debt trap or nearing one may not tell you if that’s the case. However, if you see such signs and realize that your friend or family member is struggling with debt,… Continue Reading

Doctor Loans from Bajaj Finserv

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