LoanBazaar or any of its associates will never ask for any payment to process or approve a loan. Any individual or organization requesting such payment will be solely responsible for their actions, and LoanBazaar will not be liable for their behavior.
Introduction: The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship scheme launched by the Government of India with the aim of promoting entrepreneurship and providing financial assistance to micro and small enterprises. PMMY plays a crucial role in fostering economic growth, employment generation, and poverty alleviation by offering affordable credit to aspiring entrepreneurs. In […]
In a move that took the nation by surprise, the Reserve Bank of India (RBI) recently announced the recall of the ₹2000 note, triggering widespread speculation and debate. The ₹2000 note, introduced in 2016 as part of the government’s demonetization drive, was intended to curb black money and promote a digital economy. However, the sudden […]
Introduction The Prime Minister Employment Generation Programme (PMEGP) is a flagship initiative by the Government of India aimed at promoting entrepreneurship and generating employment opportunities. Launched in 2008, the program has played a significant role in fostering entrepreneurship and creating a conducive environment for economic growth across the country. PMEGP combines the strengths of financial […]
In an effort to foster entrepreneurship and support small and medium enterprises (SMEs) in India, the Government of India introduced the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTSME) scheme. Under this scheme, eligible entrepreneurs can access collateral-free loans to fuel their business growth and expansion. This article aims to provide a comprehensive […]
Peer-to-Peer (P2P) lending platforms, operating as Non-Banking Financial Companies (NBFCs), have gained popularity in India as an alternative source of borrowing. These platforms connect borrowers directly with lenders, offering a streamlined process and competitive interest rates. However, like any financial transaction, there are risks involved. This article aims to provide an in-depth analysis of borrowing […]
Personal finance is an essential aspect of everyone’s life, regardless of their age, occupation, or income level. It involves managing and allocating financial resources effectively to achieve financial goals, cover expenses, save for the future, and build a solid financial foundation. Budgeting, in particular, plays a crucial role in personal finance, helping individuals maintain control […]
In today's world, we often find ourselves in need of money for various purposes, be it for a medical emergency, home renovation, or education expenses. A personal loan is a type of unsecured loan that can be availed of to meet such financial needs. Personal loans are versatile and can be used for a wide [...]
When it comes to transportation, there are several options available to individuals. Some people prefer to use public transportation, while others prefer to own a car. For those who choose to own a car, the question arises whether to take a car on loan or to use a hired car. In this blog, we will […]
As India’s economy continues to evolve and adapt to technological advancements, digital lending has emerged as a critical component of the financial ecosystem. The traditional lending model in India has been fraught with challenges such as limited access, lengthy processing times, and high-interest rates. However, digital lending has the potential to disrupt the status quo […]
When processing a loan application, banks typically look at several factors to determine whether the applicant is eligible for a loan. Here are some of the things that banks see while processing loan applications: Income Tax Returns (ITR):you must have 3 years ITR’s to prove your sources income before you apply for loans from banks. […]
A credit score is a 3-digit score assigned by any of the Credit bureaus — CIBIL, Experian, Equifax or CRIF High Mark, based on your past and present credit behavior. This can range anywhere between 300-900, with higher numbers indicating responsible credit behavior trends. CIBIL score is a credit score that is used by lenders to evaluate […]
Gold loans and personal loans are two types of loans that are available to borrowers in India. Here are some of the differences between the two: In conclusion, gold loans are a good option if you need a quick loan and have gold to pledge as collateral. Personal loans are a good option if you […]
The choice between the old tax regime and the new tax regime depends on individual preferences and financial circumstances. Here’s a brief comparison of the two regimes and their impact on homebuyers: Old Tax Regime: Under the old tax regime, taxpayers can claim deductions on various investments and expenses such as home loan EMI payments, […]
As of March 2023, here are some of the latest news and updates regarding home loans in India: It is important to stay informed about the latest developments to make informed decisions about home buying and loan repayment.
Home loan interest burden is set to increase post the RBI’s repo rate hike of 25 basis points. Consequently, EMI per lakh have risen 20-25 percent since the start of this rising rate cycle. Vipul Patel, founder at Mortgageworld, tells you how borrowers can now take some steps to reduce the total interest payable over […]
If you have taken a home loan to purchase or construct a house, you can claim certain income tax benefits on the interest and principal payments made towards the loan. Here are some income tax benefits available for home loan EMI payers in India: Deduction on Interest Payment: The interest paid on home loan EMI […]
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Disclaimer: LoanBazaar or any of its associates will never request any payment to process or approve a loan. If any individual or organization demands such payment, they are doing so at their own risk, and LoanBazaar will not be held responsible for their actions. We advise our customers to be cautious and to report any such demands to us immediately. Loan approval is subject to meeting the eligibility criteria and following the application process, which may include the submission of required documents. LoanBazaar reserves the right to reject any loan application that does not meet our internal policies and procedures. The information provided on LoanBazaar's platform is for informational purposes only and should not be considered as financial or legal advice. The borrower is responsible for reviewing and understanding the terms and conditions of any loan agreement before accepting it. LoanBazaar will not be liable for any financial loss or legal issues that may arise from the borrower's use of any loan product or lender found through our platform.
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