Urban Money Blogs

Home Buying Tips for 2024
July 07, 2022

Are you buying a house for the first time? Applying for a home loan for the first time? Well, an array of bewildering queries would be striking through your mind. Here is a briefing on the best home-buying tips that will act as an inducement to access facile house purchases.…

Category:Home Loan Archive
Should You Be Choosing a Home Loan Balance Transfer?
July 06, 2022

We all dream about owning a home that reflects our personality and style. Purchasing a home can be an expensive affair and might drain most of your savings. However, you can always opt for a home loan to meet your financial requirements. Nevertheless, a home loan comes with exorbitant interest…

Category:Home Loan Archive
Personal Loan Tax Exemptions & Details
July 02, 2022

Time and again, personal loans have proven to be a reliable safety net for any financial need. The unsecured loans are easy to avail of with minimal eligibility criteria and a swift documentation process. The Income Tax Act 1961 does not consider personal loans as an income, so they are…

Category:Personal Loan Archive
How to Take Business Loan under CGTMSE Scheme?
July 01, 2022

The Credit Guarantee Fund Trust for Micro and Small Enterprises was incorporated in 2000 by the Government of India under the Small Industries Development Bank of India and the Ministry of Micro, Small, and Medium Enterprises. Startup companies require funds as a means to establish themselves in the market firmly.…

Category:Business Loan Archive
Unsecured Business Loan - Eligibility, Documents & Interest Rates
June 28, 2022

What is an Unsecured Business Loan?An unsecured Business loan is the type of loan granted to an applicant from a bank or financial institution without any pledged collateral. These business loans are availed by startups to manage business flow operations. An unsecured business loan provides financial assistance to the businesses that…

Category:Business Loan Archive
Top Home Loans in India
June 27, 2022

Read the given below list of banks that offer the best housing loans in India along with their interest rates and processing charges. This home loan bank list can guide you toward choosing the best bank for housing loans. Banks Rate of Interest (p.a) Processing Charges Kotak Mahindra Bank 7.00%…

Category:Home Loan Archive
How Balance Transfer Affects Your Credit Score
June 25, 2022

If you think that just owning multiple credit cards and juggling multiple payments can help you improve your credit score, then, it's time for you to know the facts right. A balance transfer is quite an effective way to meet your debt repayment goals. It allows you to make low-interest…

Category:Home Loan Archive
Loan To Value (LTV) Ratio : Meaning, Importance and Calculation
June 21, 2022

Hey! Are you finally buying your dream house? Are you financing it with the help of a home loan? Then familiarize yourself with the various terminologies that you might come across. One common term, you might find yourself entangled in is the Loan-to-Value ratio or LTV ratio. It is an…

Category:Home Loan Archive
Highlights of RBI and MPC Meet June 2022
June 10, 2022

The six members of the Monetary Policy Committee (MPC) of the Reserve Bank of India mutually increased the base points of the repo rate. Repo rates are the key policy rate the central bank considers when short-term lending funds to banks. It increased by 50 base points, standing at 4.9%…

Category:Home Loan Archive
Home Loan Interest Rates Spiked After RBI's Repo Hike
May 12, 2022

The Reserve Bank of India regulates the home loan criteria, which are constantly changing owing to numerous economic circumstances. Read the blog to learn more about the RBI and how its latest home loan guidelines will affect borrowers. The Reserve Bank of India (RBI) is India's Central Bank, which was…

Category:Home Loan Archive