Availing a loan against your mutual funds’ investment is quite an easy process today. You have to just pledge your mutual funds units to the institution and in return, the Institution release the money you have requested. The ease is so much now that today you don’t need to visit a branch.
Reverse Mortgage Scheme has been in presence for 8-9 years. In western countries, this product runs with huge success and is a preferred option for retirees. But in India, the same reverse mortgage had to yet take off. Not many are opting for it even though the goodies were rolled out in the second phase.
Many of us face this difficult situation when the loan application has rejected due to a low CIBIL score. There is no recourse to it but to wait. At this stage we regret the mistakes we have committed in managing our personal finance. Had we been more prudent in managing them the availability of a loan […]
Managing your debt is a key element for your financial well-being. Security of your financial future rest on how well you are able to manage your loans and debt. Easy availability of finance and peer pressure can force you to live a life which is beyond your means. The life at this end may look easy and […]
A CIBIL Report is an important document. It is referred by financial institutions and recruiters’ to judge how good or bad you have been in creating a discipline with your credits. Based on it your eligibility to avail any loan is decided. A highly poor CIBIL score can become the reason of your loan application […]