Thursday, September 27, 2018

Indian Money Review Bangalore - Home Loan Protection Plans

After you pick a moneylender or bank, they may demand you purchasing a Home Loan Protection Plan (HLPP). They may likewise reveal to you that it’s compulsory.
HLPP is a protection plan that covers any exceptional Home Loan, in case of your demise inside the credit residency. The backup plan pays the exceptional advance to add up to your loan specialist. The arrangement term for this protection is typically the same as the advance residency. Your family won’t need to empty the house because of default on repayment of Home Loan after your end.
A survey by Indian Money review  an HLPP isn’t the same as home or property insurance. Home Insurance covers dangers to property/home because of seismic tremor, fire, burglary et cetera. Home Insurance could be required. In these cases, it will be said in the Home Loan agreement.
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Indian Money Review | Premium payment:
HLPPs are mostly single premium policies. Though you can select from two of their variants, regular premium and limited premium payment plans.
1. Regular premium plans: The term of premium payment is same as policy term.
2. Limited premium payment plans: The term of premium payment is less than the policy term.
A bank may give you an option to club the premium amount with the loan amount.
Click here to know more | Home Loan Protection Plans

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Thursday, September 20, 2018

Indian Money Review - Should India Adopt Electric Vehicles?


In August 2017 the then Union Power Minister Piyush Goyal declared that India would move an all-electric car fleet by 2030. This announcement of plan was to ease contaminating vehicular emanations on congested streets. The move overwhelmed auto producers and questions endure on the electric auto development in India. The Government has now set a sensible focus of 30% electric vehicles by 2030.

The Government at the Center is endeavoring to make a hearty electric vehicle market, through activities like worldwide tenders and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME). While the Government is advancing the utilization of electric vehicles, the issue lies with the heading of these approaches. According to IndianMoney.com CEO as the Center delays, many State Governments have taken off clear electric vehicle approaches.
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A survey by Indian Money review  a leading daily revealed that 90% of car owners in India were willing to make the switch to electric vehicles. The main reason behind adopting electric vehicles was air pollution. A report titled India: Health of Nation’s in November 2017 stated there was a 17% rise in deaths and disabilities in India due to diseases caused by air pollution. Indian Money Bangalore India’s shift to a shared, electric and connected mobility can cut carbon dioxide emissions by nearly one gigatonne by 2030.
Let’s take a look on Should India Adopt Electric Vehicles? Want to know more on investment planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products.
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Friday, September 7, 2018

Indian Money Bangalore - Intricacies of Home Loans


Interested in getting a home loan? If so, then you need to improve your knowledge about down payments, EMIs, and how to improve the likelihood of loan approval. So, let us delve into the details in this IndianMoney.com Review of home loans.
Indian Money Review – How to Get Faster Approval for Home Loan?
Few things you can do to improve your chances of getting a home loan include:
1.       In your loan application include a co-applicant who has a regular income. This way you will be able to enhance your eligibility.
2.       Ensure that you have good source of income and if there are good number of investments then it can help you in arranging money for the down payment.
3.       It will also be necessary to pay off all existing debts and loans.
4.       Try to maintain a good CIBIL score.
IndianMoney.com – How to Arrange Down Payment Money?
·         Analyze LTV: LTV or Loan to Value refers to ratio between amount that bank is prepared to give loan for and property’s market value.
·         Check Government Schemes: As per Indian Money Bangalore, government usually starts different housing schemes on regular basis such as Pradhan Mantri Awas Yojna. So, it will be necessary to keep checking on regular basis to utilize these schemes.
Indian Money Reviews Intricacies of Equated Monthly Installments
Equated Monthly Installments or EMI refers to the fixed amount you are required to pay on a monthly basis to the bank. This EMI consists of a part of principal amount and the interest.
The complete amount of loan that you are taking is added with interest on that amount. After that, the final amount is divided into total tenure of the loan to arrive at the EMI amount. The main benefit of EMIs is that it helps you set your monthly budgets since you are fully aware of the amount you will have to pay every month.
How to choose the Right Home Loan?
Selecting the right Home Loan is essentially selecting a Home Loan offered by the right lender. Selecting the right lender is an important decision. There might be many lenders ready to offer Home Loans. Nevertheless, that doesn’t mean they are offering the best deals. Home Loans are loans of long tenure, which might be around 20 years. Therefore, it is crucial that you do proper research before finalizing the bank or Lender.
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Thursday, September 6, 2018

Indian Money Reviews - Different Aspects of Business Loans


Indian Money Reviews - Different Aspects of Business Loans
During the course of business it becomes necessary for every business to take a business loan. In this Indian Money review we will be looking at few of the important aspects that you need to take into consideration while applying for a business loan.

How to qualify for a business loan?
According to IndianMoney.com CEO, to get the right business loan what you will have to do is:
1.       Analyze various loan schemes that are available so that you can select the best one.
2.       Create a strong business plan since as per Indian Money reviews, banks need to a good reason to fund you. By analyzing the business plan they will be able to determine whether it will be feasible to approve your loan application.
What are the reasons for which people take a business loan?
There are several reasons for which people want to take a business loan. These include:
·         Business Expansion: Indian Money Bangalore has reviewed some reasons such as business expansion which compels owners to take a business loan.
·         Stock Inventory:Having necessary stock is necessary for every business and to accomplish this task it becomes necessary to take a business loan.
·         Maintain Cash Flow: Cash flow is important for every business and delayed payments can easily derail business functions. As per Indian Money Bangalore, business loan at the right time can help you avoid cash crunch.
·         Purchase and Maintain Equipment: Equipment used in a business establishment is susceptible to wear and tear. Additionally, many of the equipment also turns obsolete after some time and needs replacement. By taking a business loan you can avoid these expenses from derailing your budget.
What are the different types of business loans?
As per Indian Money review Bangalore, there are different types of business loans that you can select from, these business loans include:
1.       Term loan
2.       Loan against property
3.       Loan against securities
4.       Letter of credit
5.       Cash credit facility
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Saturday, September 1, 2018

IndianMoney.com - Which is Better, a Personal Loan or Business Loan?


Will it be better to take a business loan or a personal loan? Indian Money reviews both options so that you can select the option that will be most suitable for you.
Indian Money Review – Should a Person Take a Personal or Business Loan?
Personal Loans
This kind of loan falls in the category of short term loans and helps people meet their financial emergencies. Moreover, as a borrower you will have to repay this type of loan within a period of one to seven years.
As per Indian Money CEO, these loans are considered unsecured loans since there is no collateral or security used for this type of loan. Additionally, since these are unsecured loans, banks and other lending agencies tend to charge a higher rate of interest for such loans.
Business Loans
As the name suggests, these loans are taken primarily for business purposes and help with tasks like meeting working capital requirement, business expansion, and other similar requirements.
So, which type of loan is better? Let us look at the details in the following section.
IndianMoney.com Review –Which is better, a personal loan or business loan?
1.       It is easier to get a personal loan compared to a business loan.
2.       Banks will not be asking why you want a personal loan. On the other hand, when you take a business loan, lenders will be checking your business plan, credit score, and rest of your financial statements.
3.       Personal loans have lesser processing time than business loans.
4.       You will have to pledge collateral for obtaining a business loan but such requirement does not exist for personal loans.
5.       If a personal loan is taken then repayments are not made in time then it can have negative effect on credit score.
6.       By taking a business loan you are able to separate your business from personal finances. Additionally, you will not have personal liability if there is a business default.

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