Blog

What is an unsecured loan? An unsecured loan is a loan that is not backed by collateral or security. These loans are based solely upon the borrower’s credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower’s income. An unsecured loan carries [...]

Loan borrowers have been witnessing a lot of offers pouring in from all sides. The credit crunch and its aftermath have led to a situation where several banks are reducing their interest rates for the customers. At the same time, many banks are also trying to attract more customers by making some special offers. These [...]

There is increasing competition being witnessed in the home loan space, which has led to a lot of choice as well as offers for borrowers. The impact is also witnessed in terms of an interest rate war from several players with two of India’s biggest lenders SBI and ICICI Bank cutting their home loan rates [...]

We all know that tax breaks are available for home loan borrowers, but how many of us are aware that there is a proper procedure to be followed to claim these benefits. To be precise, it requires the necessary documents to be in place before one seeks the tax benefits. Keshav, 28, is a first-time [...]

In a bid to woo customers, many lending institutions have brought out attractive home loan schemes, for example, SBI Easy Loan with a fixed interest rate of 8 per cent for the first year. But how can one decide whether these schemes are really beneficial? Well, the actual benefits in a home loan are known [...]