maitrinadar's blog

Buying a car for the working middle class is expensive. The purchase of a new car or a used one involves a lot of expenditures which is something an individual from the middle class cannot afford. Thus, with the introduction of car loans by financial institutions customers can carry out the purchase of a new car without any hesitation. A car loan is a loan product provided by financial institutions to the customers for the purchase of a car. The purchase of a car through a car loan can have a lot of benefits for the customer.

In the year 2015, India’s Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (PMAY) initiative. The initiative aimed to provide affordable housing to the urban poor population in India by 2022. The slum majorly focuses on slum rehabilitation, Credit Linked Subsidy Scheme (CLSS), houses affordable for all, and a subsidy to survey-led independent house renovation.

At present, the Indian Government have implemented CLSS as a central sector scheme. The remaining are sponsored plans.

How are CLSS and a home loan connected?

A bike loan is one of the most effective ways of generating funds for the purchase of a bike. Bike loans are loan products provided by financial institutions to customers for the purchase of a bike. With a bike loan, the process of purchasing a bike becomes simple as the customer will not be forced to use their savings in order to buy the bike. A customer can purchase any type of bike through a bike loan, they can get a new bike or a used one. A bike loan is one of the most efficient ways of purchasing a bike.

Have you been dreaming about buying a brand new home? Have you got your eye on that perfect house in the city or suburbs which would make it your ideal abode? If your answer to both these questions is a loud, astounding yes, then chances are you are already researching everything you need to know about home loans. Before a borrower applies for a home loan in India, he needs to check if he is eligible for the loan.

When it comes to a loan, a high-interest rate can be horrifying. It merely means repaying high equated monthly instalments (EMIs). However, the same high-interest rate is a brownie point if you hold a savings account. Most of the times, when you shop for the best savings account in India, you look for a bank that offers the best rates. Precisely the reason why many prefer savings account as it is the first step in the ladder of investments. There are several banks which offer a savings account with the best interest rates. But do you have your facts straight about the interest rates?

The working class of our times have to depend on public transportation for basic day to day commutes. This dependency on public transportation adds an additional amount of stress to an individual’s life. Even if they go for hailing a cab for commutes throughout the day, it may become an additional expense that the customer has to bare. The importance of owning a two wheeler has become an essential for individuals. Availing a bike loan can easily be an answer to their questions. Owning a two wheeler will help the customer travel comfortably throughout the day without any hassles.

When you set out to make any huge investment on debt, planning is extremely crucial. This is especially true if you intend to take out a loan that lasts for several years, like in the case of a home loan. Taking out a home loan and purchasing property are two of the biggest co-related life decisions that one can take. As such, you need to examine all aspects of the finance you intend to take on loan. You need to be sure that you can afford the Equated Monthly Instalments or EMIs that are to be paid for 10-20 years, each month, without fail.

For the average, salaried individual, buying a car from your savings can take a few years. With the rising demand for cars and the high rates of inflation, it can be years until one can afford a car by paying the entire amount of the vehicle. What’s more you may have to invest all your savings into purchasing the vehicle. Instead of saving to buy your car for years and facing the high inflation rates you can simply take out a car loan. You can pay off the loan in easy equated monthly installments or EMIs.