Afinoz Digitalizing Finance

Personal loan is not any purpose or term specific loan as you can use the money as you want. It is a good way to restructure your unexpected debts. However, at times, some common mistakes lead to loan rejection by lenders. Avoid making such common mistakes to get your loan approved quickly and ensure that you do not slip into vicious debt cycle. Applying without comparing One of the biggest mistakes people make when applying for a personal loan is that they go to the bank with which they have done most business, without shopping around for the best deal. There are things like interest rate, processing fees, prepayment charge, loan tenure and loan amount which may vary from lender to lender. So, it is important to research and make an informed decision to conclude the best deal. Once you carry out a detailed research, you will be able to assess the pros and cons of the loans offered by various lenders and find what suits you the best. Unable to clarify the details for t

Personal Loans play a vital role when we are hit by financial crisis. While we all feel grateful to personal loans in dire straits, this patronage turns nightmare when we struggle to get rid of the debt. High EMIs and steep interest rates give us sleepless nights. For people struggling with high personal loan interest rates and EMI burden, refinancing personal loan can be a big savior. Refinancing a personal loan allows you to repay your debts in a more cost-effective manner.  It allows you to transfer your debt from existing personal loan to new personal loan with lower interest rates. Personal loan refinancing covers the total outstanding loan amount that you have left in your existing loan to repay. Here are some benefits of personal loan refinancing- Lower interest rates You can save a lot of money by refinancing your existing personal loan with a new personal loan at lower interest rates. A lower interest rate will reduce the amount you need to repay every month. Less EMI

Cryptocurrency is an encrypted, decentralized digital or virtual currency designed to work as a medium of exchange between peers and confirmed in a public ledger called blockchain via a process known as mining.  It isa currency associated with the dark web that uses cryptography, the process of converting ordinary information into unintelligiblecode, to secure financial transactions, control the creation of new units, and verify transactions. Bitcoin was the first decentralized cryptocurrency created in 2009 by the group or individual known as Satoshi Nakamoto in 2009. Since then there has been a proliferation of cryptocurrencies and there are now more than 1,000 cryptocurrencies in mainstream circulation.  It's price soared as high as $20,000 at the end of last year before collapsing back to under $ 8,000. Here is everything you need to know about cryptocurrency How does cryptocurrency work? Cryptocurrency uses decentralized technology,which means it is not controlled by any

UPI (Unified Payment Interface) is a real-time payment system that helps in instantly transferring the money between two bank accounts through mobile platform. Hence, it allows multiple bank accounts to get into a single mobile application. The concept of UPI was developed by The National Payment Corporation of India (NPCI) in a view to make India more cashless economy by using the latest technology. Key drivers of UPI Some of the key drivers of the UPI are as under: Simplicity:  The concept behind the UPI was to make the application as simple as possible. Transactions carried out on application should be as simple as swiping a phonebook entry and making a call. An account holder should be able to send and receive money through their smartphone with only virtual payment address (VPA) without using additional account information. All they need to do is to pay to or request from a payment address (like Mobile number, Aadhaar number, Account number, VPA, MMID or Mobile Money Identifier

Piramal Housing Finance - Home Loan {Complete Guide} The introduction of retail lending was a natural progression attributed to the size, scale and growth of the company’s financial services business. Piramal Housing Finance ’s strength lies in its rich experience and its network in the wholesale lending and construction space. Piramal Housing Finance do business with some of the finest developers in the market. Piramal Housing Finance offering to there partner developers as a complete solution to these funding requirements. At Piramal Housing Finance, emphasis on every step in the process of home buying - from the developer to the customer and Piramal Housing Finance take pride in customising a solution for each stakeholder. Piramal Housing Finance – Interest Rates 2018, EMI Calculator Piramal Housing Finance Home Loans are the best choice for higher loan amount eligibility, lowest interest rates & step up emi function which helps in longer terms in saving a good sum

The back-to-back policy rate hikes by the Reserve Bank of India (RBI) is bad news for borrowers but it is definitely good news for those who want to invest in fixed deposits (FDs).   Over the past few months, banks have been increasing FD Rates , especially for those where the investment amount is below Rs 1 crore. State Bank of India (SBI), increased its rates by 5-10 basis points (bps) just a couple of days before the RBI monetary policy announcement on August 1. Soon after the policy announcement , HDFC Bank also increased its FD rates by up to 60 bps. It's very likely for other banks to follow suit and start offering higher interest rates on FDs  So, if you are looking at investing in bank fixed deposits, here is what is on offer and what you should do.  PSU, private bank, foreign bank or new bank?  Banks across categories have been increasing their rates - be it public sector, private, foreign, or new banks. Compared to their private sector peers, PSU banks' rates a

Personal loan is not any purpose or term specific loan as you can use the money as you want. It is a good way to restructure your unexpected debts. However, at times, some common mistakes lead to loan rejection by lenders. Avoid making such common mistakes to get your loan approved quickly and ensure that you do not slip into vicious debt cycle. Applying without comparing One of the biggest mistakes people make when applying for a personal loan is that they go to the bank with which they have done most business, without shopping around for the best deal. There are things like interest rate, processing fees, prepayment charge, loan tenure and loan amount which may vary from lender to lender. So, it is important to research and make an informed decision to conclude the best deal. Once you carry out a detailed research, you will be able to assess the pros and cons of the loans offered by various lenders and find what suits you the best. Unable to clarify the details for taking t

Every parent, every family wishes to make their children’s wedding a grand event. The weddings are becoming increasingly expensive, and the pressure for parents to hold a lavish, glamorous wedding is building up continuously. But, sometimes wedding expenses exceed the budget, which is why people consider taking a wedding loan to ease the situation. What is a Marriage Loan? Personal Loans today can be taken for a variety of reasons and can be customised as wedding loans, home renovation loans, holiday loans etc. A personal loan dedicated to wedding expenses is known as a marriage loan. It is designed to meet your wedding expenses such as expenditure on branded outfits, jewelry shopping, invitation cards, feast, decoration, accommodation and transportation expenses etc. All leading banks and NBFCs (Non-Banking Finance Companies) offer marriage loan in India under the personal loan umbrella. You can check and compare the interest rates across all banks. Who can avai

Almost all private & public sector banks offer Educational loans in India . Although the intention is to provide educational loans at easy term & affordable interest rates to facilitate the deserving students to pursue their dream of a higher education, these loans are obtainable for definite courses offered by certain specific institutes. Just like all other loans, education loans are also given if the applicant meets the eligibility criterion laid down by the lender. Since these loans are given for pursuing higher education, the course & institute are of paramount importance. In this blog, we will discuss the institutes & courses for which education loans are available. Education Loan Eligibility Criteria As already said, these loans are available on easy terms & conditions,  education loan interest rates   fixed by most of the lenders are generally not too high. Still, there are certain eligibility criteria that must be fulfilled by the loan applican