Category Archives: Money Guide

What is Personal Loan what precaution should take while taking loan

follow url What is Personal Loan

Personal loan referred to as an unsecured loan, there is no security against it. Personal loans are one of many types of loans you can borrow from a bank. These loans are typically general purpose loans. It meets your current financial needs, as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans.

http://charltonisland.com/?q=viagra-ukraine What is Personal Loan jobisearchHow to easily get Personal Loan

When people need money in emergency they take personal loan because personal loan get very easily. If you are thinking to take personal loan then take

personal loan deliberately because personal loan has high rate interest. Take personal loan when you need money urgently otherwise choose other loan. There is many other loans which have low rate of interest, select those loan.

click here What are the Benefits of Personal Loan

  • Personal loans are unsecured which means the lender cannot repossess your property.
  • Personal loan obtain easily with simple documents.
  • In personal loan there is no need of guarantor.
  • If people repay the debt before the time period, the bank will not pay any penalty charges from customer.
  • There is no security need to take personal loan.

What are the Disadvantage of Personal Loan

In personal loan rate of interest is much higher than other loans.

Personal loan interest rates are fixed.

In personal loan bank take one percent penalty on prepayment rent plus scheme.

In personal loan, bank takes minimum 1,000 rupee as processing fee.

go Question and Answer Related to Personal Loan

click here Question1- Who can get personal loan?

buy viagra in amsterdam Answer- Employed, self-employed and individual people can get easily personal loan.

go to site Question2- What is personal Loan?

watch Answer- Personal loan is a loan who meets your current financial needs.

buy pfizer viagra india Question3- What are the benefits of personal loan?

legal viagra for sale Answer- Personal loans are unsecured which means the lender cannot repossess your property.

Question4- What are the disadvantage of personal loan?

Answer- In personal loan, rate of interest is much higher than other loan.

Question5- What is the interest rate for personal loans?

Answer- Interest rate for personal loan in banks currently are between 15-24 percent.

What is Business Loan How to get Easily Business Loan

What Is Business Loan

What Is Business Loan jobisearchA business loan is a loan specifically intended for business purposes. Business loan is debt that the company is obligated to repay according to the loan’s terms and conditions.

A business loan is similar to a personal loan, but is specifically designed for business use. Businesses require an adequate amount of capital to fund startup expenses or pay for expansions.

Features and Benefits of Business Loans

  • Business loans can help with cash flow
  • Business loan help to tide you over when times are tough by offering access to short-term finance.
  • Start-up loans can offer a big loan when you first set out running your own business,
  • Business Loan eligibility in 1 minute available online and across all branches.
  • Self-employed customers get exclusive higher loan amount in business loan.
  • In business loan no collateral, guarantor and security is required.
  • Approvals of loan process, is done by very quickly in business loan.
  • Whether you run a small business or a large company, business loans can offer a finance solution to fill a cash flow gap
  • Fund expansion plans or manage day to day expenses.

How to easily get Business Loan

Business Plan- When you are taking loan from bank then give business plan to bank, according this bank select loan amount.

Documents- Documents are must important to take loan, so keep your all document with safely. In documents there are identity card, address proof, pan card, income tax return copy, sale tax return, bank account statement are important for taking loan. If you give some guarantor to bank then they give easily loan.

Loan Amount- When you give all documents to bank then bank decided to how much amount they give you as a loan.

Question and Answer related to Business Loan

Question1- Who can apply for a business loan?

Answer- Any firm can apply for a business loan.

Question2What is Business loan?

Answer- Business loan is a loan specifically intended for business purposes.

Question3- What is the benefits of business loan?

Answer- Business loans can help with cash flow.

Question4- Which type of small business loan available?

Answer- Short term loan, long term loan, lines of credit and alternative financing are four types of small business loan.

How to Apply and Easily Get Car Loan and Two Wheeler Loan

What are Car Loan and Two Wheeler Loan?

What are Car Loan and Two Wheeler Loan jobisearch.png If you want to buy a new car or two wheeler vehicle but you don’t have much money to buy a car and two wheelers then there is another way to buy a car and two wheelers vehicle.

Bank gives loan on vehicle such as car loan and two wheeler loan. While taking car loan from bank, they give individual finance scheme offer in which they offer fixed and floating loan in various rates.

What Is Car Loan?

A Car Loan is a personal finance product where the financier provides the borrower with the funds to purchase a vehicle for personal use. The loan is secured against the vehicle, and at the end of the contract the customer retains the full title of the vehicle. When you take on a car loan to buy a car, your lender purchases the car for you and allows you to pay it back over a period of years. A Car Loan can also be known as a Consumer Loan or a Secured Car Loan.

What is Two Wheeler Loan?

Taking loan from bank to buy two wheelers is known as two wheeler loan. Maximum banks give 80 to 85 percent amount in this loan and remaining amount is pay by Customers. Some banks give offer to Customers in festival season in which interest rate and processing fee is low.

What Documents required for car and Two Wheeler Loan?

While taking loan bank ask to take with address proof, identity proof, pan card and income statement. In address proof you can take driving license, rent agreement, passport, aadhar Card and for income proof you will take bank statement and salary slip.

What are the Benefits of Car and Two Wheeler Loan
  • In car loan and two wheelers loan, loan will get at low EMI.
  • In car loan and two wheelers loan there is low interest rate.
  • In car loan and two wheelers loan bank give longer repayment period.
  • In car loan and two wheelers loan there is faster processing of loan.
Question and Answer Related to Car and Two Wheeler Loan

Question1- How much amount given by bank for car and two wheelers?

Answer- Maximum banks gives 80 to 90 percent amount for car and 80 to 85 percent in two wheelers, remaining amount is arranged by customer himself.

Question2- How much bank charge as processing fee?

Answer- Bank takes vehicle 2 to 3-4 percent amount as processing fee.

Question3- Which loan is better for two wheeler loan?

Answer- Fixed loan is better for two wheelers loan because in fixed loan interest rate is change every time during the period of debt.

Question4- How many years of the loan period in two wheelers?

Answer- Two wheelers loan time period is minimum 1 year to 3 years. If you take short time to pay loan then rate of interest became low.

Question5- Which scheme is offer by bank while taking car loan?

Answer- While taking car loan bank offers individual finance scheme.

What is SWIFT code and IFSC code and different between them

What is (SWIFT)Society for Worldwide Interbank Financial Telecommunication Code

What is (SWIFT)Society for Worldwide Interbank Financial Telecommunication Code jobisearchThe full form of SWIFT is Society for Worldwide Interbank Financial Telecommunication Code. SWIFT code is used by the transfer between two banks branches internationally. On the other hand, both are the unique identification codes that is need to be mentioned to transfer money.

What is (IFSC) Indian Financial System Code

The full form of IFSC is Indian Financial System Code, which is a unique identification code. It used to specifically identify the bank branch to the system of money transfer. IFSC code is used the fund transfers between two banks within the geographical boundaries of India.

Difference between SEIFT code and IFSC code

  • SWIFT Code is Society for Worldwide Interbank Financial Telecommunication Code.
  • IFSC code is Indian Financial System Code.
  • SWIFT code is a globally recognized code, it used of international credit transfer. IFSC code is a unique identification code of a bank-branch it used for digital money transfer.
  • SWIFT code is approved by the International Organization for Standardization (ISO).
  • IFSC code is approved by Reserve Bank of India (RBI).
  • Swift code is use can participate internationally for only those banks.
  • IFSC code is given to all branches of Indian Bank.
  • SWIFT code consists of 8 or 11 characters.
  • IFSC code, that consists of 11 characters.
  • In international currency transactions (SWIFT code) is very costly.
  • (IFSC code) is cheap than swift code.
  • You can find SWIFT code in the bank’s website.
  • IFSC code can be found in Bank-branch cheque book and RBI website.

Question 1. What is the full form of SWIFT code?

Answer 1. The full form of SWIFT code Society for Worldwide Interbank Financial Telecommunication Code.

Question 2. What is the full form of IFSC?

Answer 2. The full form of IFSC is Indian Financial System Code.

Question 3. What is the difference between SWIFT code and IFSC code?

Answer 3. SWIFT code is approved by the ISO and IFSC code is approved by Reserve Bank.

Question 4. What is the difference between IFSC and SWIFT code charges?

Answer 4. Swift Code fees charged is greater than IFSC code.

Question 5. How can get Swift code?

Answer 5. Swift code can be obtained from the Bank’s website or account.

Question. 6. How to get IFSC code?

Answer 6. IFSC code can be obtained from the bank branch and the website central bank.

What is NEFT code and RTGS code and difference between them

What is NEFT (National Fund Transfer and Real time Gross Settlement)

What is NEFT (National Fund Transfer and Real time Gross Settlement jobisearchNational Electronic Funds Transfer is an Indian system of electronic money transfer in one bank to other bank.(NEFT) National Electronic Funds Transfer is an electronic payment transfer system.

Under this Scheme, individuals can electronically fund transfer from one bank branch to any to any other bank. This system has been introduced by the RBI (Reserve Bank of India). In the field of India’s banking the funds transfer system is good for clearing.

What is (RTGS) Real Time Gross Settlement

RTGS full form is “Real Time Gross Settlement”. RTGS system is continuous (real-time) settlement of funds transfers separately on an order by order basis. There is no waiting period for it.

Differences between NEFT and RTGS

  • NEFT is types of the national electronic fund transfer system. This is operating by DNS deferred net settlement. NEFT is Settlement of bank transactions.
  • RTGS in each transaction process is continuing. This is not some kind of waiting period.
  • NEFT from any part of the country from any part of the other country to money transfer is an electronic payment process.
  • RTGS is a real time gross settlement.
  • NEFT is a net settlement system.
  • Minimum amount of transmitted in RTGS is Rs 2 lakh rupees.
  • In NEFT has not set an amount of transactions.

Question 1. What is RTGS?

Answer 1. RTGS is real time gross settlement.

Question 2. What is NEFT?

Answer 2. NEFT is an Indian system of electronic money transfer in one bank to other bank.

Question 3. What is the difference between NEFT and RTGS?

Answer 3. NEFT operates on a deferred net Settlement and there is no waiting period in RTGS.

Question 4. In the minimum and maximum transactions amount of RTGS transactions?

Answer 4.  The minimum amount remitted through RTGS is 2 lakh rupees. There is no upper ceiling for RTGS transactions.