Taking a loan is a huge financial decision for anyone. Though the process of borrowing loan has become easier, the worry is still the same. A person has to think over various aspects before and while taking a loan. We…
Consolidation simply means merger or unification. Debt consolidation in terms of loan means bringing or merging all your debts under one single debt or loan. For example, assume you have 3 various debts going on at the same time with…
When a borrower wants to take a loan, banks or NBFCs offer him or her two types of interest rates: fixed interest rate & floating interest rate. The borrower has to choose one of them to repay the loan. Once…
Every entrepreneur who wants to start a new business or every businessman who wants to expand the business by various means have one thing in common: they need a strong financial backing. Government of India is supporting businessmen and entrepreneurs…
An EMI Equated Monthly Installment is a financial term used in loan repayments. It’s a quick and easy method to pay off any type of loan. When a borrower takes a loan from a bank or NBFC, the repayment of…
