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What is Home Loan? 

A Home Loan is availed by those who want to meet their financial needs for buying a house. The current rates of houses are three-fold more than a person’s annual income that makes an expenditure for purchase difficult. Home Loan can be your savior in such cases. Home Loan can also be used for Home Renovation, construction or expansion purposes. 

Some Features of Home Loan

• Home Loan can be available for New Flat, Ready to move in house, Plot from MHADA, DDA, Home construction, Home extension, and Home renovation.
• Home Loan can be availed by Indian citizen or Non-residential Indian(NRI).
• Home Loan interest rates start at 6.90%.
• Tenure of 30 years is given for Debt consolidation
• The loan amount is sanctioned on a percentage based on the Property’s value. 
• 0.50% of the loan amount excluding GST is charged as interest rates for women to encourage them to be Home Owners.
• 0.5% of the loan amount, including GST, is charged as Processing Fee for women willing to be Homeowners. 
• No Guarantor is required for Home Loan.
• No Prepayment of Part Payment fees is charged.

How to apply for Home Loan online? 

These are very tough times for us as a country to battle against COVID-19. All we can do is take mandatory precautions and stay at home. Yes Bank has provided an option for submitting an online application for Home Loan. You can apply through your comfort of home by just visiting the bank’s official website. You can fill the application form for Home Loan. 

Login Id and password will be issued to you while applying for the Indian Overseas Bank Home Loan, which you have to note down to save for future reference. Fill in all the required details and submit the required documents needed for verification. All the documents need to be scanned before submitting. In a short while, a bank representative will call you and guide you through the loan process. If you are eligible for a loan, your loan application will proceed further for verification. In Document verification, a valid income proof with residence proof and Property-related documents must be submitted. An approval letter will be given to the borrower upon Loan approval which contains details about the Home loan scheme, the total amount of loan approved, interest rates, Processing fee, tenure period etc. 

Documentation Process

For Salaried Individual : A Valid Residence proof is mandatory. Aadhar Card, PAN Card, Driving License, Passport, Voter Id etc., has to be submitted for verification. 

For Income Proof, documents such as the latest Form-16 and IT Returns, Salary Slips of 3 months, Bank Statements of last six months or Employment letter can be submitted.

Property Related documents are needed to avail of the loan. A copy of the buyer agreement or Allotment Letter, Receipt of payment made to the developer, and a Cheque for processing fee favouring ‘ICICI’ have to be submitted to the Bank.

For Self-Employed Individual: A Valid Residence proof is mandatory. Aadhar Card, PAN Card, Driving License, Passport, Voter Id etc., has to be submitted for verification. 

Income proof: Bank statements of the last six months, Business Profile and previous three years Income tax Returns(both self and business/organization) or Last three years profit/loss account and balance sheet have to be submitted. 

Proof of business: Education Qualifications Certificates or Business Achievements are required.

Property Related Documents: A copy of the buyer agreement or Allotment Letter, Receipt of payment made to the developer and a Cheque for processing fee favoring ‘ICICI’ have to be submitted in the Bank.

For Agricultural Laborers or Farmers Identity Proof: PAN Card, Driving License, Voter Id, Passport, Aadhar Card needs to be submitted. 

Income Proof- Bank Statements showing Salary credits from the last six months or copies of title documents of agricultural land showing a yield of crops.

Property Related documents are needed to avail of the loan. A copy of the buyer agreement or Allotment Letter, Receipt of payment made to the developer, and a Cheque for processing fee favoring ‘ICICI’ have to be submitted to the Bank.

The Borrower needs to submit his/her two passport-sized photographs on the Application Form and Signature along with all these documents.

Also Read:- What is down payment in home loan 

If we look into the matter, the finance world is very vast, which includes an ample number of services, and among that, loans and advances are one of them. There are different kinds of loans available in the market among the different types of the banks and the NBFCs like that of the personal loan, home loan, gold loan and all the other types of the loan. A personal loan is the type of unsecured loan which is mainly availed for the use of the uncertain financial or planned expenses to be met upon.

On the other side of the corner, other drawbacks are also there, which reduces the probability of getting into that option of the loan. If we talk about the gold loan, it also has a unique feature where a person can avail of the fastest and the easy loan to finance some urgent thing coming across the factor. Now the main topic is the home loan, which is a loan and an emotion or can be a chance of achievement if the things are appropriately followed. A home loan is the type of loan in which a person is disbursed a loan amount either in the bank account or in the bank account of the home-making company. The Home Loan EMI calculator will give a better estimation. Based on these, specific criteria under different banks need to be checked upon so that they come to know whether they are eligible or not.

The first and foremost thing that should be focused on is the application process, where few things should have an alert. If we talk about the credit score, it is a score that states the past credit history, trends, and the ability of how the repayments have been made. While on the other side of the coin, it is said that a good credit score of about 750 will make way for the availing of the loan. If the credit score is not good, then there will be the chances of getting rejected or getting delayed in earning the approval of the home loan.

The application should be appropriately filled with all the required documents there so that there should not be any problem while calculating the different facts for approving the home loan. If all the things are as per the process, then an inspection for the background certification and an interview might be set up by the bank. After this, a sanction letter for the confirmation of the loan and then the disbursal of the loan will happen. There are advantages due to which the home loan is considered and is availed by maximum people.

Going through the whole process of the home loan is a sense of achievement where a person, after all the repayment of the loan and all the legal formalities, the ownership of the loan gets transferred in the name of the customer. This is why after a long period of hard work, a person gets the feeling of achievement where not only the person but also the family and the related ones will live. SBI Home Loan offers such benefits. Secondly, we can say that there are the chances of capital appreciation where a person actually can see the value of the house property keep on rising year after year, which becomes the asset and in the time of the last resort option can be sold, and the requirement can be filled up.

Conclusion: To conclude, we can say that there are few more advantages are there like that of the low-interest rate, tax benefits which saves a lot under the preview of the income tax act of India, renting a part of the home, tax benefit in case of the principal repayment act as a boon and not only for a small amount but for a big amazon as well.

Read More:- Getting An Online Home Loan 

What is a two-wheeler loan?

A two-wheeler loan is a loan taken from the bank to buy a two-wheeler. 

There are mainly two types of two-wheeler loan -

Secured : 

As the name suggests, here, the bank will take some asset or your two-wheeler as a security or collateral against your loan. So if you're unable to pay the loan amount, the bank will seize your two-wheeler and sell it to recover the loan amount.

Unsecured :

These types of loans are not secured, so you don't have to give any asset as collateral. But instead, you'll have to maintain a good credit score to be eligible for this loan. Banks provide an unsecured loan based on credit scores. So if your credit score is bad, banks (like Bank of Baroda Two Wheeler Loan) will reject it or ask for a high-interest rate.

The process to apply for a two-wheeler loan -

There are several steps that you'll have to follow to get your loan approved by the bank:-

1. Application :
   The first step is to fill the form given by the bank. You can even find the paper online on the bank's website. You'll have to go to the personal loan page and click on the 'Apply Now button. And once you do that, you'll be redirected to the application page. So fill in all the necessary details.
   
   
2. Documentation :
   The second step is to attach all the documents required by the bank. They usually ask for three types of proofs:- Identity proof:- So for this, you'll have to submit documents like an aadhar card, pan card, driving licence and passport. Because these documents will verify that you're a citizen of India.
   
   Address proof - For this, you'll have to submit documents like telephone bills, electricity bills and other utility bills.
   
   Income proof -
   Banks only give two-wheeler loans to someone who is employed. So you'll have to provide your income proof to show that you are employed. The documents that you'll have to submit are; bank statement, payslip, form 16, ITR, Tax Challan or any other document that shows your monthly income.
   
   
3. Verification :
   After you've attached all the necessary KYC documents. You'll have to submit the form to the bank. You'll also get the option to choose the interest rate, loan tenure and loan amount at this stage. So plan your budget accordingly and choose the best option for you.
   
   
4. Disbursal :
   Once the bank has verified your documents, you'll be declared as an eligible applicant for a Two-Wheeler Loan. And the loan amount will be credited to the dealer's bank account. Some banks give DD (Demand Draft) or cheque to the dealer. And if you've selected the secured loan option, the amount will be credited to your bank account.

Tips -

We've listed some tips below to get a two-wheeler loan at a low-interest rate :

• Compare banks and choose the one you think will give the lowest interest rate.
  
  
• Negotiate with the bank. And check if you can lower your interest rate. If you have a good credit score, that will help you lower your interest rate.
  
  
• Don't apply if you have multiple loans at the same time. Because if you're unable to pay one monthly instalment of either of them, you’ll have to pay extra charges, and it will also affect your credit score. So be sure that you get rid of all the previous debts or loans you've taken.
  
  
• Choose a bank that gives you flexible repayment options. And some banks give you the flexibility to plan the repayment structure of your loan amount.
  
  
• Choose short-term loan tenure because you might end up paying more than your loan amount if you opt for a long term.

Conclusion -

Look at a lot of options before deciding on one. Think, compare and then choose the one that fits according to your needs. You can even take help from loan consultants, and they'll compare all the banks in the market for you and choose the one according to your need.

Also Read:- Two Wheeler Loan Eligibility 

There are different types of banks where credit cards are offered at different rates of interest with varying kinds of rules, regulations, and facilities. The most widely used credit card is the travel credit card. Travel credit cards are well served with cashbacks and the types of bonuses. There are other types of credit cards used for filling the fuel and the diesel or the CNG gas in the vehicles in the piping or the fueling station. Reward, shopping and the secured credit card can be used for other required necessities. There are few criteria that a person will have to meet to become eligible for getting a credit card.

 
First and foremost is age. The age criteria have been involved because there is a concept that below or above a specific age person loses financial independence, and this will be an issue in repaying the loan or the amount of the credit card as well. The legal minimum age in most of the banks and the NBFCs is 18 years of age if we see into that of the maximum period that can be provided to that till 60 years or near about it.

Now the next thing which one needs to keep an eye on is the credit score. A credit score is the type of score where the past repayment pattern and the style of the paying can be seen or examined and based on which it will be decided that the bank or the NBFCs will provide the loan. It is advised that a person having a bank account with the bank can avail of the credit card if the person's credit score while maintaining the performance is about 650 or above. If the transaction and the repayment have been made carefully at the proper time, then there will be less interest in almost most of the thing as there will not be the risk of the repayment due to the good credit score. Credit Cards Schemes in Karnataka Bank   have such offers which are provided to the old and loyal customers. In most of the cases, it has been noticed that casually people avail themselves of the other services and are unable to repay on time thus this is the reason where the credit score takes a negative hit which can affect the credit score and the credit card or other types of the loans to avail.

The income support or the employment status is also essential as the regular earning will make the person pay regularly. It also depends on how much the person is deserving and based on which the loan EMI should be calculated. If the person is earning less than the loan tenure needs to be longer or more so that the EMI burden will be less on the loan borrower. In contrast, either side of the coin, if the earning is more, the loan amount can be higher with less rate of interest, and the loan tenure will also decrease as the EMI will be more affordable to that of the customers.

Conclusion:
Net monthly income of the customers is required to have the minimum salary of Rs 15000 in most cases, while it might be different in different banks and the NBFCs. The income tax returns are required in the case of the self-employed or the business professionals as well. If we look into the different types of banks, the interest rates in case of the credit cards are different in other financial institutions. For example, the case of the Unnati credit card provided by the State bank of India will have an interest rate of 2.50%.

Also Read:- Wrong Usage OF Credit Card 

There has been an absurd transaction that has caused many cases of frauds. Before doing any transaction, one should be careful. One should always fortify security and not share the pin with anyone. J & K Bank credit cards have devise guidelines to identify a breach of Credit cards transactions.

While using your card for any transaction, check that no one is peering over your shoulder to memories the card for your security pin details. By skimming, many hackers copy information from the internet, making payments from unreliable sites. The skimming is done from the magnetic strip where information is embedded and clone in a counterfeit card. One should not only e keep the computer protected against fraud but also from virus and malware.

The creditor should always ensure that his or her his or her card. The credit card bill should be thoroughly checked for every. An email or SMS alert is sent to the creditor after the card is being used for any purchase. You receive an alert, but you haven't made any purchase, you should directly contact your bank. In case of theft, one should block a credit card. Banks offer 24 hour zero level ATI for any transaction once you have blocked your credit card. The bank conducts an investigation on the fraudulent transaction within a time span of 45 to 120 days.

Frauds in a physical transaction are easy to investigate and crack because of the payments slips or bills. The forgery can be detected with the help of signatures or handwriting on the payment bills. The creditor’s precaution is to memories the CVV number and stretch it out from the card or avoid signing on the strip present on the back of the card.

By scrutinizing all financial documents, one should report them to the organization. One should always appear about the ATM slips and cancel checks our bills before throwing them away. One should always remove the data from digital gadgets on mobile phones before disposing of it.

Being digital savvy is very important while doing online transactions. Always use virtual keyboards to enter your password and not store your password on any unreliable site. Any URL which contains an uppercase letter is a sign of a fake site and should be directly reported. The sites which display an IP address on a numerical address are hazardous fake sites. Every sides review should be check before making any purchase or doing a transaction.

Day by day, the number of online frauds cases having to increase. A creditor must pay off full safety towards his payments and check the reliability of the source. The fraud transactions should be directly reported to the cybercrime branch. Phishing is also prevalent nowadays, where a lot of people will lure you into the trap of sharing your OTP or card details. It is generally advised that you never share your card details, CVV number or OTP with anyone. Whenever you received a call that tells you that your credit card has expired or your eligible for a lottery, this shouldn't be believed and avoid enclosing details to anyone. A bank representative never calls their customers for this purpose, nor does charge any fees via phone.

An individual should enroll in Credit monitoring or identity theft protection services are the services available pr checking the credit card reports and helps in analyzing your expenses. When credit checks are performed, an individual is notified by a text or an email to detect suspicious activity and take immediate action against it.

Card-not-present theft is the unauthorized use of a credit card account that does not necessitate the actual presence of the card. The thief simply has to confirm your identity, account number, and the card's security code to utilize this approach to make online transactions. In recent years, data breaches at shops and other businesses have exposed the personal information of millions of customers.

Some things to keep in mind while making Credit Card Payments:

When you're out and about, keep a close eye on your wallet or handbag, and never leave Credit Cards unguarded.

Keep credit cards you don't use at home rather than bringing them with you, and only carry your Social Security card if necessary.

If you're asked for your credit card number, Social Security number, or other sensitive information over the phone, be sure you're speaking with a real person.

While doing online shopping, check the reliability of the website and once should always ensure that the site is secured or not.

Also Read:- A Low-Interest Rate Credit Card 

On the other side of the coin it is said that there are different types of credit cards available in the market. There should be proper prechecks and the planning on the basis of the selection of the credit card. As different credit cards come for different purposes with different interest rates. The uses should be known properly in order to avoid the extra charges as follows for which knowing the types of credit card is important. First and foremost the time comes for the Plain vanilla credit cards. Plain vanilla credit cards are those types of cards which are used as basic one without any discount and rewards.

 This type of credit card where it is used for purchases and it has a revolving balance up to a certain limit. If the payments are done carefully then more credit limits will  be added to it in order to have more benefits as well. There is a minimum type of payment where one needs to pay at the end of each month else there will be a penalty. So, one will have to keep a sharp eye on the types of the charges. On the other side of the coin, other credit cards are the balance transfer credit cards .It is basically used when a person wants to save high interest on the existing credit cards . Then the turn comes for the reward credit cards There are 3 types of reward credit cards. On the basis of which the first and foremost is the cashback credit card. The second one is the rewards credit card and the third one is the point credit card. In some of the words it will feel weird but it is true that one can get a student credit card if someone is a student. In this type of credit card a student can enjoy the benefits of the credit card with the low rate of interest.  A candidate can avail the credit card only if the student is a running student in a 4 year course university. Credit cards are also there .Charge credit cards, subprime credit cards ,prepaid credit cards and limited prepaid credit cards and business credit cards are also there. In this way for different uses the different credit cards will be used .

Conclusion

Now if we look into the matter there are few charges about which one should know where before going for availing the credit card. On the other side of the coin. Credit card users are unable to clear or pay the finance charges then there will be a penalty on non repayment of the outstanding charges. The biggest problem is that if the outstanding balance attracts such an interest of even 25% - 30% then it will be too much interest which will be unable to be paid. In this way people make them fall into trouble credit card holders should also avoid the credit charges from the starting day of the withdrawal till the final day of the repayment. IndusInd credit cards offer good facilities for the customers. This is the reason that the credit card holders must avoid the ATM withdrawals as it attracts a huge rate of interest for the charges till the repayment is made. Next comes the cash advance or the repayment fees. ATM cash withdrawals can also take the charge of which is 2.5 % of the interest amount. The charge along with the finance charge makes a huge charge which is very difficult to pay. On the other side of the coin is the late payment fees. Late payment fees are those fees which are paid on crossing the time limit of the due dates and they rate of penalty will increase.
Read This :- Credit card Payment Options 

Loans help people in adverse conditions. People take loans when there are problems, emergencies to fulfil the desires they couldn't have achieved before due to some issues and many more reasons. A two-wheeler loan is an excellent help for the people. Some of the reasons to avail of two-wheeler loans are listed below:-

1. Safe and affordable- Two-wheeler loans are very safe and affordable for everyone as the tenure period is quite long, can be extended upto 60 months, which is a sufficient time to repay the amount taken. Banks follow proper guidelines provided by the government, so the process is very safe. Some banks offer the loan in some minutes of applying if your credit score is high.
   
   
2. Reach for your dream- Everyone aspires to buy a two-wheeler of their own. You can achieve this dream if you take a two-wheeler loan to buy a two-wheeler. Two-wheeler loan provide affordable interest rates, flexible EMIs. In the festive season, you get many offers as well. Many banks tend to collaborate with the brands for promotional purposes. In that time you will get pretty good discounts which will be helpful for you to save money.
   
   
3. Keep cash for emergency purposes- You can save your money for emergency purposes if you take a two-wheeler loan for buying a two-wheeler. Paying a massive amount of cash overnight may affect your financial stability. The repayment of the loan is pretty straightforward. You need a minimal amount of money monthly for the given tenure period. The instalments are pocket friendly.
   
   
4. Use the money to invest- The funds you have can be used in investments rather than paying for a two-wheeler. Assets are vital. It will give you a hassle-free future after you retire from your job. Don't use the real money for paying for a two-wheeler. It is a better choice to take a loan.
   
   
5. Inculcate financial discipline- After taking a loan, you know that you have to pay a certain amount of money monthly for a more extended period. You will have a sense of responsibility and discipline to save your money. It helps you to plan your expenses properly. You will learn to plan things well.
   
   
6. Tax and depreciation benefits- You can claim the benefits of the taxes if you are a self-employed business person. Two-wheeler insurance, fuel and maintenance cost, the interest of the loans are allowed to deduct from the profits.
   
   
7. Build a credit profile- Your financial behavior is tracked when you take a loan. There is an effect on the credit score. A credit score is a score that shows the worthiness of taking a loan. With repaying money in the time, you boost your credit score. Higher credit scores help you to get loans quickly. You will get discounts on the interest rates as well if you have a good track record.

Two-wheeler loan at canara bank  is one of the demanding loans for an extended period. These provide interest rates starting from 9.00% p.a. These provide many offers and discounts. People of age 21 can apply for a two-wheeler loan. People with employment and unemployment can apply for a loan. Unemployed people need to have a guarantor who will ensure the repayment of the money timely else, and the bank will ask for the funds from the concerned guarantor. The processing fee is also significantly less. It is 0.25% of the loan amount. The max tenure period is upto three years which is a very long period—the lowest amount for the Rs. 10,000 loan is R.319. There are no prepayment charges as well. The features are pretty attractive as a customer.

Conclusion: There are many advantages of a two-wheeler loan. The loan gives you flexibility in managing your finances.

Must Read:- Two-wheeler Loan Process And Its Implementation 

At the point when you think about a two-wheeler, all things considered, you are considering bikes, bicycles, and mopeds. A recently bought two-wheeler can keep going for more than 1 lakh kilometres and picking a correct two-wheeler would give you the opportunity to weave your way through the packed streets to work, travel to a cookout spot with companions or surrender to the hunger for new experiences for an excursion tough with no concerns.

For the individuals who are taking a loan unexpectedly, you first need to comprehend the terminology or expressions that the banks will utilize.

Loan Amount : 

It is the amount that you take as the loan. It is additionally alluded to as the chief amount. The loan amount you are pertinent for considers the expense of the two-wheeler and your reimbursement capacity.

Interest Rate : 

The interest that the borrower is relied upon to pay on the chief amount is determined to premise a specific rate called as the Two Wheeler Loan Interest Rate. It begins as low as 0.99% per annum at MCSL.

EMI or Equated Monthly Installment : 

It is the amount that the borrower is required to pay the moneylender consistently. With every portion, you are repaying an aspect of the chief amount and interest collected on the loan.

Loan Tenure : 

It is typically the number of months inside which you should reimburse the two-wheeler loan. You have the alternative of picking the tenure going from 12 four years.

Reimbursement Capacity : 

Your present pay and costs alongside different loans you have are considered to pass judgment on your reimbursement capacity. It assists with figuring the EMI you can pay serenely for the full tenure. The reimbursement capacity directly affects your loan amount qualification.

Processing Fees : 

It is a one-time, ostensible charge for processing your loan application. It is safe to say that you are tired of staying aware of the transport plan or those silly flood tolls that taxis charge? Or then again not finding the autos or taxicabs precisely when you need them the most? Why not take a two-wheeler and wipe out every one of those issues? Fortunately, claiming a two-wheeler isn't as outlandish as it might have appeared to be several years prior.

For what reason Should You Take a Two-Wheeler? 

First of all, you may not be very persuaded to take a two-wheeler on the off chance that you are utilized to public vehicle. We additionally have heard commonly that two-wheelers are terrible speculations.

All things considered, here are a few realities that may attempt to persuade you why you ought to apply for a two-wheeler loan and get one soon-

• In the current pandemic circumstance and social separating, it is more secure and prudent to drive on a bicycle as opposed to utilizing some other methods for the public vehicle.
  
  
• You can undoubtedly zoom through traffic and invest less energy holding up at the traffic lights. It's hard to believe, but it's true, as individuals trust that the street will clear up, you can simply squirm your way through traffic and advance beyond your four-wheeler partners.
  
  
• They are a lot simpler to keep up when contrasted with four-wheelers.
  
  
• The rate of endorsement for loans for bicycles is higher than those of four-wheelers.
  
  
• Two-wheelers don't contaminate as much as a four-wheeler because of better eco-friendliness.
  
  
• Generally, they are more efficient than four-wheelers.
  
  
• They have a decent resale value.

The inconveniences related dangers due to Coronavirus pandemic of the public vehicle will be a relic of times gone by with a two-wheeler. Apply for Bank of India two wheeler loan and experience a smooth and bother free loan application experience. Pick a two-wheeler loan and become a glad proprietor of another bicycle. 

Also Read:- Two-Wheeler Loan Process 

A credit card is a card that is issued by a financial firm, generally a bank that offers holders to get funds from them. The holder needs to return the bank with some interest as per the bank. Different banks have different interests. A credit card is a very valuable asset. It can help people in emergencies.

The different types of credit cards are:-

1. Travel credit card
2. Fuel credit card
3. Reward credit card
4. Shopping credit card
5. Secure credit card

The few types of credit cards are listed above. From shopping to traveling, there are many types of cards available. Different credit cards have different features for different uses.

In general, a credit card comes with a lot of features. It enables customers to avail additional benefits other than money. People can get additional discounts, travel points, cash back, and many more. If you want to get more discounts on a particular thing then you go for the specific credit card. For example, if you want a credit card only for shopping then you buy the shopping credit card using which you get more discounts. 

 A credit card can be the best way to rebuild your credit history. One needs to pay the money at the end of the month if they have withdrawn in that month to avoid paying the interest. It is the smartest way to use a credit card. 

Credit is not linked to your other bank accounts. This provides an extra membrane of security. It is very safe. None of your money is linked to this credit card account. The money that you withdraw from this account is needed to be paid back at the end of the month. So using a credit card is very safe. If your card is with you and your card number is stolen, and someone has done a transaction using that card then you are not liable for that fraud transaction. If any unknown transaction occurs then you will get alerts that will help you know about the suspicious transactions and you will be able to take actions against them. Your credit card issuer can freeze the card which will help in stopping further fraud transactions. Nowadays with increasing technology, the use of chip cards came into the picture which makes them safer as stealing data from them is more difficult.Credit cards can be used to take insurances as the recurring payment becomes very easy using the credit cards. The money automatically deducts from the bank account. 

Most of the banks charge annual fees on credit cards, one of the bank cards which don't charge a fee is Citizens Bank credit cards. Citizens Bank credit cards are designed in such a way that it matches your objectives, whether to minimize the interests or to maximize the cashback. For more cashback, you can buy the Cashback Plus Mastercard and for the lowest interest rate, you can buy the Clear Value Mastercard. You will get 1.8% cashback on every purchase using the cashback plus Mastercard and you will get as little as 0% interest for the first 18 withdrawals. The services they provide are also very good from a customer point of view. They provide a high level of security. They don't allow any purchases from unauthorized sources. They even provide extended warranty protection on the given brand warranty. Apart from credit cards, Citizens bank also provides debit card services, internet banking services, education loans with zero interest, EMI loans, and many more. 

Conclusion

As credit cards have no other bank accounts linked to them, these are very safe to use. They provide an additional layer of security because of the same reason. The use of these makes things very easy to handle. Such as payments, billing, insurances which require recurring payments, and many more. These also provide additional benefits which attract the audience to become a customer.

Must Read:- Getting the ideal car loan 

You will realize your dream of owning a home with the help of a home loan. You don't have to put your savings and assets at risk, nor do you have to put other critical financial goals on holds, such as your children's higher education or retirement. The loan comes with a range of benefits and features.

However, before applying for a home loan, you should consider all factors:

All financial institutions, as well as non-banking financial firms, offer housing loan schemes. You should apply for a home loan after assessing your eligibility to meet your needs.

Housing loans are multi-purpose loans that can be used to buy a new residential flat or building, construct a new home on a plot, renovate an existing home, or extend an existing home.

With the help of a home loan balance transfer service, you can refinance your current home loan to another bank that provides better interest rates or loan conditions.

Through a top-up loan, you can borrow additional funds to supplement your existing home loan for personal or business purposes.

Fixed and floating interest rates?

The term "fixed-rate" refers to a mortgage rate that does not change over the life of the loan. The floating interest rate fluctuates over time. Floating interest rates are the best choice. If you take out a 20-year home loan, the interest rate will be higher because you will invest more even though EMIs for short-term home loans are more affordable.

One of the most significant points in the home loan process is choosing a lender. It would be best if you had a lender who can protect you from mishaps and headaches.

When selecting a choice, keep the following points in mind:

1. The interest rate on offer.

2. Home loan processing fee.

3. Additional programs.

4. Policies on prepayment.

5. Testimonials from customers and a background check.

Contact several banks and lending institutions to see if they can fulfil the home loan eligibility requirements and provide less exhausting services.

Financial Documentation: If you apply for a bank loan, such as an SBI home loan you will be asked to submit paperwork for verification. When submitting documentation for a home loan, you must be truthful. KYC records, ITRs, paychecks, and bank statements are all necessary pieces of paper.

Making a Down Payment: It would be best if you made the down payment on time. The cumulative amount of the down payment is either 10% or 20% of the total loan amount. Your home loan application will be denied if you do not make a down payment. To prevent any hassle, have your down payment sum ready.

If you've mastered the fundamentals, you'll need to be ready with the required documentation and specifications for your home application to be approved. It is preferable to seize the opportunity to obtain the highest possible prices. When you finance your home, you must be compliant with your home loan payments; otherwise, mistakes will cause problems, and you can face difficulties in the future.

What Is Your Credit Score?

You must be knowledgeable about your credit or CIBIL ratings. If you are applying for a home loan, this CIBIL score will help you determine whether you are eligible or not. If your credit score is above 700, your home loan application will be accepted faster. Otherwise, if it is less than 700, you can focus on improving your credit score. You may apply as a co-applicant if your credit score is low. On your credit score, timely payments will help you build trust and improve your credit score.

Insurance for Home Loans: Insurance is similar to a safety net or a safety net scheme. If the owner, or the person who borrowed money for a house, dies during the loan term, his or her family members have to pay the unpaid debts. Through purchasing home loan insurance, you can alleviate the financial strain on your family in the event of an unfavorable circumstance.

Read More:- Things To Consider Before And After Home Loan 

The different kinds of loans are personal loans, home loans, education loans, gold loans, vehicle loans, agricultural loans, overdrafts, loans against property, loans against insurance policies and mutual funds, cash credits, etc. 

1. Personal loan: is considered one of the most expensive forms of loans because of its interest rates being slightly higher than the others. However, it can be used for various personal reasons and can easily be availed if the necessary documents have been produced.

2. Home loan: is the most flexible form of loan because it has lower interest rates and is extremely affordable. It helps people in putting a step forward towards reaching their goal to their dream house. They operate under a home loan EMI system. Several banks offer various products under the home loan.

3. Education loan: Many children have aspirations and dreams of going outside their homes; they would want to explore the world, they would want to go to universities at one corner of the world and study. What is stopping them? But an education loan helps these students reach new heights in life.

There are 2 ways in which one can avail of a home loan. Those are:

1. Online method
2. Offline method

However, the basic process of applying for a home loan is:

Step 1: You have to go to your nearest bank or fill in the application form for the required loan and the bank of your choice. You have to make sure that whatever information you are filling in your application form is accurate and there are sufficient documents. You would have to pay a Home Loan Processing fee.

Step 2: CIBIL Score Check. After going through your application form, it is the bank’s duty to assess your credit score, which is also known as the CIBIL score. If you have a decent CIBIL score of 700 and above, you are eligible to apply for the loan.

Step 3: Submitting the documents asked for. These include bank statements, tax returns if the applicant is self-employed, identity proofs- aadhar card, PAN card, etc. and passport size photographs.

Step4: After the submission of all these documents and forms. The bank assesses the applicant’s background thoroughly before approving the loan. If they feel the applicant meets the eligibility criteria set by the bank.

How do we decide on whom to borrow the money or from whom to take the home loan? The answer is quite simple. There are a few factors that need to be considered before deciding on who your lender is going to be. 

Offering lower interest rates- If they offer low-interest rates when compared to everyone else in the market offering the same product, then this could be the right choice of a lender that you are going to make. If you want to check affordable loans, you could check out Home loans in Axis Bank. 

Lower processing fees- so some banks or lending institutions have a minimum payment that you are required to pay for them to process your application form for the loan. Faster services- At the end of the day, we just want our work done first and as soon as possible. So one of the most important factors that should be looked at when looking for a lender for your loan should be fast services.

Conclusion: These are everything that one needs to know before thinking about applying for a home loan and in general need to know about a home loan.

Must Read:- Home loan available offline or online? 

Gold rate is the fixed price at which gold is supposed to be sold on that particular day. Gold price in India fluctuates on a regular basis, with a variety of factors influencing its price in a specific location on a given day. Demand and supply, global market conditions, and currency fluctuations are some of the most important factors in deciding a country's gold rate, with prices changing on a daily basis.

Gold trading is a popular investment mode for investors who are smart with money and have the necessary risk-aversion for this type of market. Gold prices fluctuate for a variety of reasons, requiring careful investment management. Maintaining or closing a position in this market is determined by an investor's ability to monitor, evaluate, and summarise pricing information.

Some key factors on which gold prices depend are -

• Import costs :
  Since demand is mainly met by gold imports, import costs have an effect on the Gold rate today in India. The price of gold rises as costs rise.
  
  
• Bank fixed deposit interest rates :
  Bank fixed deposits are the preferred investment choice for Indians. Its only competition is gold investments. When interest rates on government bonds dip, investors tend to transfer their money to gold. As a result, demand for gold increases, as do prices.
  
  
• Power of the US dollar :
  When the US dollar falls, gold prices in India rise, and when it rises, gold prices in India fall.
  
  
• Global economic stability : 
  Gold prices increase during periods of economic instability because gold is seen as a safer asset than others, and people want to transfer their money away from riskier assets and into gold.
  
  
• Seasonality :
  Gold is in high demand in India during festivals, weddings, and other auspicious occasions. During these periods, prices begin to rise. For example, even though the rate of gold in trivandrum was high, people still bought a lot of it in the wedding season.
  
  
• Inflation :
  Since gold is purchased to protect against inflation, gold prices appear to increase while inflation is on the rise.
  
  
• Production costs :
  Mining companies occasionally raise their rates to cover production costs. The price of gold imported into India reflects this.
  
  
• Supply and Demand :
  Domestic production and supply in India are small. Price increases can be caused by supply constraints. Similarly, the decreased global supply of gold will cause the metal to become more expensive in India.

Regardless of the fact that the gold rate is pre decided, it still varies in different cities. Some reasons for that are -

• Taxes :
  State taxes vary from one state to the next—some states levy higher tax rates than others. One of the reasons why gold is more costly in some cities than others is because of this.
  
  
• Demand :
  Because of different population sizes and demographics, demand for gold varies. Discounts are normally available in bulk. As a result, gold prices in cities such as Mumbai are lower due to higher trade volumes.
  
  
• Carriage :
  India imports the majority of its gold by sea. Because of the absence of inland transport charges, gold prices in port cities such as Chennai are lower than those in interior cities such as Delhi.
  
  
• Local gold associations :
  Each city has its local gold association, which has a say in price setting. This also accounts for variations in gold prices across cities.

Conclusion -

Gold has captivated us for a long time and will undoubtedly continue to do so in the future. The Indian love for gold is such that we don’t celebrate any festival without it. It has been everything to us for a long time, a token of love, a measure of wealth or even a sign of fortune. Demand for gold, the amount of gold in central bank reserves, the value of the US dollar, and the need to keep gold as a protection against inflation and currency devaluation are all factors that influence the price of the precious metal today.
Also Read:- How much time does it take to sanction a gold loan?