Featured Loans To Help You Manage Your Financial Needs
Posted by RupeeTalk on Thursday, April 18, 2013 Under: Home Loans
India is situated as one of the most important places in the world where scope of acquiring a wide spectrum of borrowings available on a large scale. The significant features of such borrowings are to objectify financial requirements of individuals during extreme monetary odds.
Introduction of numerous borrowing alternatives by different lending institutes or banks has consequently magnified chance of acquiring right time monetary support in accordance with personal requirement of individuals in the country.
All these finance sources can be accessed from any bank or financial institute anywhere in the country. So many distinctive features and remarkable benefits are associated with these types of borrowings like home loan, car loan and credit cards.
The distinctive features of such borrowings are mentioned in the following manners.
Home Loan – Materialize Your Housing Projects
The home loan is considered one of the most important financial borrowings to actualize an idea of dream housing project. Whether it comes to materializing home purchase, home construction or you wish to simplify refinancing procedure of your existing house; the home loan/housing finance offers you remarkable monetary assistance against your needs.
In addition, you can actualize remodeling process of your existing house to accentuate its beauty. Ostensibly, the housing finance sounds panacea to solve monetary issues in respect with these housing projects.
Housing finance is sanctioned for the repayment duration of 25 years (max) over the principal amount. However, the quantum of finance is subjective to credit worthiness of individual applicant. The loan quantitatively differs from bank to bank.
Some of the distinguished home loan players in market today include State Bank of India, hdfc, icici bank and Axis bank. People who are unable to finance exorbitant expenses related to housing project opt for housing loan in India to materialize housing projects.
Personal Loan – Objectify Personal Expenses
This type of financial borrowing is of unsecured type. To objectify personal expenses of individuals is the predominant implication of such finance. Therefore, as the name itself sounds, personal loan is all about materializing particular expenses of yours in respect with education, medication, holidaying, shopping consumable items and so on.
Moreover, personal finance answers your needs substantially. The quantum of loan ranges anything from Rs 50000 to more than 4 lakhs as per your needs. One of the salient features is that you don’t have to clarify prospective needs of the loan to lender like the way we experience with borrowings such as car loans and home loans.
In addition, such finance, being of unsecured nature, hardly requires you pledge your valuable asset as collateral. The quantum of loan amount is subject to lender’s evaluation of your current financial status. Moreover, if collateral is submitted, the interest rate is subsequently reduced while the repayment is moderately applied.
Car Loan – Materialize Dream Vehicle
This sort of borrowing is available to finance your dream car. Considering huge inflow of branded cars in market has attracted potential car buyers a lot, many banks have come up with car loans with distinctive features.
Car loan is remarkable answer to deplete monetary problems in respect with buying a new or old vehicle of your choice.
You will be financed up to 85% against new vehicle for the repayment duration of 5 years. The repayment has mandatory EMIs system of timely payment. During monetary odds to purchase a dream vehicle, the car finance is really one of the most important borrowings to choose from.
Credit Card – Personify Expenses
The predominant feature of such type of borrowing is conspicuous when monetary transaction against shopping is facilitated on the drop of a hat. Credit card manifests as a trustworthy and fast system of payment during online/offline shopping activities.
Moreover, it has virtually obliterated chance of carrying huge cash money in wallet as the card itself is storehouse of right time monetary backing on the go.
The credit card offers a wide spectrum of benefits to users. Apart from availing immediate monetary assistance in time of necessity, some associated features like free credit, international acceptance, ease with e-shopping and hassle free cash withdrawal have accentuated its importance substantially.
Moreover, the card is considered one of the best ways to repair damaged credit history of the past. Through timely payment of the credit card bills to the card issuer, the cardholders can strengthen credit history remarkably in due course of time.
Costly interest rate, overspending and credit traps are some conspicuous shortcomings with this plastic money. Therefore, such type of borrowing is lucrative and constructive if used properly and sagaciously during extreme financial odds.
The above mentioned information details types of borrowings available in India. Each of them carries respective features and benefits. Ostensibly, each of them is arguably unique and constructive depending upon the situation they are used.
India has many sources in terms of banks and financial institutions offering different types of borrowing alternatives for people. Home loan, car loans, credit cards, personal loans are some vital segments of such finance sources. Each of the sources has its unique and respective features.
Introduction of numerous borrowing alternatives by different lending institutes or banks has consequently magnified chance of acquiring right time monetary support in accordance with personal requirement of individuals in the country.
All these finance sources can be accessed from any bank or financial institute anywhere in the country. So many distinctive features and remarkable benefits are associated with these types of borrowings like home loan, car loan and credit cards.
The distinctive features of such borrowings are mentioned in the following manners.
Home Loan – Materialize Your Housing Projects
The home loan is considered one of the most important financial borrowings to actualize an idea of dream housing project. Whether it comes to materializing home purchase, home construction or you wish to simplify refinancing procedure of your existing house; the home loan/housing finance offers you remarkable monetary assistance against your needs.
In addition, you can actualize remodeling process of your existing house to accentuate its beauty. Ostensibly, the housing finance sounds panacea to solve monetary issues in respect with these housing projects.
Housing finance is sanctioned for the repayment duration of 25 years (max) over the principal amount. However, the quantum of finance is subjective to credit worthiness of individual applicant. The loan quantitatively differs from bank to bank.
Some of the distinguished home loan players in market today include State Bank of India, hdfc, icici bank and Axis bank. People who are unable to finance exorbitant expenses related to housing project opt for housing loan in India to materialize housing projects.
Personal Loan – Objectify Personal Expenses
This type of financial borrowing is of unsecured type. To objectify personal expenses of individuals is the predominant implication of such finance. Therefore, as the name itself sounds, personal loan is all about materializing particular expenses of yours in respect with education, medication, holidaying, shopping consumable items and so on.
Moreover, personal finance answers your needs substantially. The quantum of loan ranges anything from Rs 50000 to more than 4 lakhs as per your needs. One of the salient features is that you don’t have to clarify prospective needs of the loan to lender like the way we experience with borrowings such as car loans and home loans.
In addition, such finance, being of unsecured nature, hardly requires you pledge your valuable asset as collateral. The quantum of loan amount is subject to lender’s evaluation of your current financial status. Moreover, if collateral is submitted, the interest rate is subsequently reduced while the repayment is moderately applied.
Car Loan – Materialize Dream Vehicle
This sort of borrowing is available to finance your dream car. Considering huge inflow of branded cars in market has attracted potential car buyers a lot, many banks have come up with car loans with distinctive features.
Car loan is remarkable answer to deplete monetary problems in respect with buying a new or old vehicle of your choice.
You will be financed up to 85% against new vehicle for the repayment duration of 5 years. The repayment has mandatory EMIs system of timely payment. During monetary odds to purchase a dream vehicle, the car finance is really one of the most important borrowings to choose from.
Credit Card – Personify Expenses
The predominant feature of such type of borrowing is conspicuous when monetary transaction against shopping is facilitated on the drop of a hat. Credit card manifests as a trustworthy and fast system of payment during online/offline shopping activities.
Moreover, it has virtually obliterated chance of carrying huge cash money in wallet as the card itself is storehouse of right time monetary backing on the go.
The credit card offers a wide spectrum of benefits to users. Apart from availing immediate monetary assistance in time of necessity, some associated features like free credit, international acceptance, ease with e-shopping and hassle free cash withdrawal have accentuated its importance substantially.
Moreover, the card is considered one of the best ways to repair damaged credit history of the past. Through timely payment of the credit card bills to the card issuer, the cardholders can strengthen credit history remarkably in due course of time.
Costly interest rate, overspending and credit traps are some conspicuous shortcomings with this plastic money. Therefore, such type of borrowing is lucrative and constructive if used properly and sagaciously during extreme financial odds.
The above mentioned information details types of borrowings available in India. Each of them carries respective features and benefits. Ostensibly, each of them is arguably unique and constructive depending upon the situation they are used.
India has many sources in terms of banks and financial institutions offering different types of borrowing alternatives for people. Home loan, car loans, credit cards, personal loans are some vital segments of such finance sources. Each of the sources has its unique and respective features.
In : Home Loans
Tags: home loan car loan personal loan credit card
