The mutual fund includes various types of investment instruments like equity, debt, or corporate bonds. The prices of these fluctuate due to many factors. This makes the mutual funds risky, as the prices keep fluctuating. If you invest more in high-risk mutual funds, you may potentially face a loss.
For any type of loan that one takes from a bank or any NBFC, one needs to repay this amount in monthly instalments, typically EMI (Equated Monthly Instalments). This amount comprises the loan amount along with the interest charged on it. This total amount is divided equally by the total number of months over which one agrees to repay the personal loan.
The personal loan settlement is an arrangement between the lender and borrower to close the loan by paying a lesser amount. This usually happens when the borrower is unable to repay the loan due to circumstances such as job loss, illness or any other financial constraint.
Loan sharks are notorious for their aggressive behaviour and charging extremely high interest rates. Their typical traits include:
A flat interest rate is a fixed interest rate, and it remains the same for the entire loan tenure. A reducing interest rate is calculated on the outstanding principal amount, which decreases with each EMI payment. Flat interest rates are less common as compared to reducing interest rates
Mutual fund cut-off time determines the Net Asset Value (NAV) at which the investor decides to buy or sell the mutual fund unit. The cut-off time is different for different types of funds.
One of the important aspects of your personal finance journey is understanding credit scores and how they are calculated. Credit bureaus collect, maintain and determine the credit score of an individual based on their credit history and credit behaviour. It is thus imperative to understand credit bureaus and their impact on your finances.
On Zype, the minimum monthly salary requirement is ₹15,000. Understanding these criteria will help you determine your personal loan eligibility and choose the right lender for your needs.
Many banks and NBFCs offer instant collateral-free loans with just your PAN card details. While this has made access to loans easier, it has also led to a rise in PAN card misuse. Fraudsters can use this information to open a bank account and carry out illegal or fraudulent activities.
पर्सनल लोन लेते समय कम ब्याज दर चुनने से आपका खर्च कम हो सकता है। सस्ती दरों पर लोन प्राप्त करने के लिए आपके क्रेडिट स्कोर, आय, और लोन देने वाले के साथ आपके संबंध महत्वपूर्ण भूमिका निभाते हैं। सही लेंडर चुनना और त्योहारों के ऑफ़र्स का फायदा उठाना, आपकी EMI को सस्ता बना सकता है। इस ब्लॉग में, हम आपको बताएंगे कि कैसे आप स्मार्ट फाइनेंशियल फैसले लेकर सबसे कम ब्याज़ दरों पर पर्सनल लोन के लिए अप्लाई कर सकते हैं।
A credit bureau collects and maintains a large database of credit-related information on individuals and businesses. It gathers information mainly from lending companies, data-collection agencies, and other similar sources.
When it comes to loans, there are a lot of options available in the market to choose from. Personal loans and personal line of credit are the most common types of loans that individuals prefer. Both are a type of unsecured loan, meaning they don’t require any collateral.
What is Mutual Fund’s Risk: 6 Ways to Measure a Mutual Fund’s Risk?
How to Calculate Interest And Principal Amount in EMI?
What is personal loan settlement? How Its Effects on Your Credit Score
Loan Sharks: What is it, Risks, and Prevention Tips
Flat Interest Rate Vs Reducing Rate: Know the Difference
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