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What is the credit score required for home loan refinancing?

Home loans are undoubtedly one of the biggest debts that individuals will pay in their lifetime. The size of an average home loan is 30 lakhs or more and extends for 10 to 30 years. Generally, home loans are repaid in the form of monthly EMIs.

3 months agoRead More
What is TDS in income tax?

TDS is the acronym for "Tax Deducted at Source." It was introduced by the income tax department to reduce tax evasion, by collecting taxes on incomes right when the revenue is generated, rather than at a later date. As the phrase implies, TDS is received from the income payer rather than the income receiver.

3 months agoRead More
What is income tax? A Comprehensive Guide for Beginners

As soon as we hear the term, "income tax," most of us get fearful and nervous. The nervousness arises from the fact that – not many of us are aware of what it is, how it is calculated, and the myriad regulations involved.

3 months agoRead More
What is home refinancing?

Home refinancing is the process of replacing an existing home loan with a new loan. Normally, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

3 months agoRead More
What is credit card insurance, and when do you need it?

One of the biggest worries of every borrower is – not being able to pay the money back. The consequences of having to deal with unpaid credit payments are scary. This is where credit insurance comes into the picture.

3 months agoRead More
What Is Credit Insurance Coverage?

Credit insurance coverage is somewhat similar to an insurance policy bought by a borrower. It helps to pay off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

3 months agoRead More
What Is Credit Insurance and How Does It Work?

Credit insurance is a form of insurance policy bought by a borrower which pays off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

3 months agoRead More
What Is an Instant Loan? Features & Benefits.

There are times when a lot of us come across some unexpected personal expenses for which we may not have enough funds. An instant loan could be the right option in such situations. These are easy to apply online and are for shorter tenure involving quick processing.

3 months agoRead More
How to protect your credit score during Covid-19?

During these challenging times, the health and safety of your families are your top-most priorities. With that said, there's another pressing issue that is posing enormous difficulties for people across economic segments.

3 months agoRead More
Sector-wise Highlights of the Union Budget of 2020 (FY 2020 – 2021)

The Union Budget for 2020 offers various measures to help our country reach the ambitious target of a $5 trillion-dollar economy by 2022. Nirmala Sitharaman, the Honourable Finance Minister of India, presented the Union Budget for 2020 – 21 on 1st February this year.

3 months agoRead More
Relief Measures taken by the Indian Government in response to Covid-19 Pandemic

The Covid-19 pandemic has gripped the entire country, and its impacts are seen across all sectors. From large multinational corporations to micro, small and medium enterprises, the Coronavirus outbreak has caused all economic activities to sputter to a halt.

3 months agoRead More
Bank Timings and Operational Changes amidst the Covid-19 Pandemic

India has imposed a nationwide lockdown to curb the spread of the Covid-19 pandemic. Though banks are still operating, they have implemented several safety measures to protect their staff and customers.

3 months agoRead More
What Happens When You Refinance Your House?

Refinancing your home is the process of replacing an existing home loan with a new loan. Often, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

3 months agoRead More
What are the income tax exemptions available for salaried individuals in India?

In India, salaried employees form the majority of taxpayers, and their contribution to the national tax coffers is substantial. To help salaried individuals reduce their overall tax burden, the Income Tax Act of 1961 offers several deductions and exemptions on their gross income.

3 months agoRead More
What Are the Different Types of Insurance?

The life and property of an individual are surrounded by the risk of death, disability or destruction. These risks may result in financial losses. This is when insurance comes into the picture, as a way of managing risks.

3 months agoRead More
What are the Benefits of Insurance?

Most of us ignore the idea of taking up insurance assuming we don't require it. However, a sudden accident or a mishap brings us to the realization that life could end anytime for us without providing any hints or clues.

3 months agoRead More
10 Things to Know about Home Loan Refinance

Home loans are one of the biggest financial burdens for an individual in his/her life. It’s a long-term loan that ranges, on an average, from ten to thirty years. Besides the principal, a home loan EMI also includes the interest component.

3 months agoRead More
SBI YONO App: Features & Benefits

SBI YONO stands for You Only Need One. This is a digital banking app launched by the State Bank of India (SBI) to be a one-stop solution for banking, lifestyle, insurance, investment, and shopping needs.

3 months agoRead More
How to Open A Savings Account Using SBI YONO App?

State Bank of India (SBI) offers several types of bank accounts that don't require any minimum balance to be maintained by the customer every month. One such SBI account is Insta Savings Account, in which the account holder need not worry about the bank's minimum balance rules.

3 months agoRead More
How to refinance a home mortgage with poor credit scores?

One frequent question among home loan borrowers is, "Can I refinance my home loan with bad credit?" The short answer is – of course, you can, but it may be difficult. For the long explanation on how to refinance a home mortgage when your credit scores are not that good, continue reading below.

3 months agoRead More
How Much Does Credit Life Insurance Cost?

Credit Life insurance is gaining increasing popularity in India. For the loan providers, it offers protection in recovering the loan in case of the unfortunate death of the borrower.

3 months agoRead More
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