Better debt management is crucial to avail of the available financial opportunities. Whether you wish to secure a personal loan, business loan, home loan, or even credit card, lenders have various metrics to determine your creditworthiness. One such metric they consider is your Debt-to-Income ratio (DTI). A good DTI ratio…
Key Takeaways Reduced rates and waived fees can be appealing, but consider long-term financial impacts and total costs. Complimentary benefits like insurance or vouchers are tempting but shouldn't overshadow essential loan terms. Prioritise lenders with clear terms and good customer support for a transparent experience. Festive seasons bring attractive home…
Non-Banking Financial Companies (NBFCs) have become a popular choice for home loans in India. They offer flexibility, faster processing, and competitive interest rates, making them a good alternative to traditional banks. Moreover, NBFCs cater to a wide range of customers, including those with lower credit scores, making homeownership accessible to…
Home Loans offer many attractive features. Unlike other types of loans, they feature lower interest rates, longer repayment terms, moderate eligibility criteria, and associated tax benefits. Though home loan borrowers know these benefits, many buyers doubt whether tax benefits on such loans are allowed if taken for the second time.…
Personal loans are like unsecured credit, meaning you don't need to offer any assets as collateral. As a result, lenders pay close attention to your ability to repay the loan. Your monthly salary is the foremost factor lenders consider when determining how much you can borrow. The higher your salary,…
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