Afinoz Digitalizing Finance

Are you planning to buy a new Dream car? Have you already selected the brand and the model? Are you eyeing for the best time to put your hands on the steering wheel and zoom off to explore new destinations? If your answers to these questions are in affirmative then you should read this article before taking any decision. Buying a Dream car calls for carrying out an extensive research about each and every aspect so that you can make an informed decision and get the best deal available. You should keep the following points in mind so that you get the best offer while financing your dream car Self-assessment This is the very first step when you think of buying a car. It is necessary to answer some questions very honestly. Ask yourself questions such as what your requirements, can you afford your dream car at this moment, do you have other obligations apart from a car loan, how are you planning to repay the loan, etc. You should be very clear about the availability of funds in your h

Public Sector Banks (PSBs) are planning a common portal where individuals can avail of competitive and instant personal, housing and other retail loans based on their creditworthiness. As a part of scaling up its financial inclusion drive, the government is expected to extend its support to the public sector banks to set up a common portal which at some point later can be used for offering loans to small and micro industries. “This is the next-phase of banking where customers can get loans quickly and in a hassle-free manner”, says a senior finance ministry official. “We have had some discussion with PSBs (Public Sector Banks), they are encouraged by this idea and they will discuss among themselves on how to make this operational. We will provide them support if so required”, said the official. This initiative will help public sector banks catch up with their private sector counterparts in expanding their loan portfolio. PSBs’ average credit growth in the year 2

Because of the increasing cost of living, you would have experienced that it has been becoming difficult to manage your expenditure smoothly. As a result, an increasing number of people are now opting for a personal loan rather than dipping into their savings, when there is a cash crunch. About Personal Loan Personal loans are unsecured loans issued to both salaried and self-employed individuals to fulfill their general household expenditures that are urgent and immediate in nature. Unsecured loans are not supported by any asset as collateral and are issued on the basis of key criteria such as income level, credit history, repayment capacity etc.  However, the rate of interest on personal loans is higher than that on secured loans. You can get a personal loan for expenses like renovation of your house, vacations, medical bills, lavish Indian marriage, or miscellaneous expenses. Most public and private banks and NBFCs (Non-banking financial companies) offer persona

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 app