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People commonly take a personal loan for different reasons . Small personal loans are readily available on the online platforms of banks and NBFCs. As these loans are of medium capitals and you can get them at low-interest rates. However, checking the personal loan eligibility criteria is the primary task you should do. Moreover, you should also check the personal loan interest rates. Here is how and where you can get them:   Application Procedure of Personal Loans The basic procedure of online loan applications remains the same. You need to check certain things while applying for one online. All the details are mentioned below: The capital: The loan capital varies from one organization to another. You should check whether the bank or NBFC can provide you with the amount you need. The interest rate: The interest rate on personal loans online for each organization remains unique. However, both banks and NBFCs maintain a range. It varies between15.5% to 30% for the bank...

  Air conditioners are no longer part of the luxury lifestyle, it has become a necessity over the past years. With ozone layer depletion, sun rays are causing immense heat, and tolerating humidity and warmth is impossible during summers without an air conditioner.  In this piece, you will find everything that is required to know before buying the best AC for your home .  Types of AC's Window Air Conditioners These cooling machines are large as it has to incorporate every single thing into one system. This also leads to fewer problems for consumers and is considerably cheaper than its counterparts. Windows AC's are also known as monoblocks because of their size.  To brace a window AC onto a wall, you will need a wall that is ideally 9-12 inches thick. A thin wall will require extra support structure or better fit it onto some thick wall. Pros It is a budget-friendly variant. Window AC's are installed easily. It follows a monoblock design Cons It requires a thick and s...

A balanced mutual fund is a single portfolio that offers an amalgamation of stock component, bond component, and money market component. Typically, this mutual fund is a combination of both equity and debt segments in a certain ratio.  This mutual fund is steered towards investors looking for both income and protection with moderate capital appreciation.  Overview of Tata Balanced Fund The Tata Group has launched a tata equity hybrid fund that seeks both steady income and growth opportunities through a mix of investments in equity, debt, and arbitrage segments.  It predominantly invests in equity related instruments with debt and other money market instruments. The known equity to debt ratio in this scheme is 70 to 30. Investors interested in income generation for medium to long term with mid-risk can invest in this tata balanced fund monthly dividend .  Let’s understand the benefit of a balanced mutual fund in detail.  Advantages of Balanced Mutual Funds Risk ...

As the whole world is facing the consequences of COVID19, daily commute might be your share of the problem. Certain things are essential for living; you need to step out of the house to fulfill those requirements. Personal vehicles have become a priority these days. Why not two-wheelers for daily mobility? Two-wheelers are convenient to travel within the city, with no jam breaks. Many vehicle finance companies can help you with your monetary subjects.  You can easily avail of a two-wheeler loan if you are a salaried or self-reliant individual. This will help you to pay the whole amount in small installments and won't pinch your pocket at all. But you need to pay the interest and the borrowed amount every month through EMI's. The EMI's are calculated by vehicle finance calculator . The two-wheeler loan market is expected to have a CAGR of 11%, in the next five years. It is expected to cross 12.3 billion by 2025.  Two-wheelers are widely used by centennials or people born be...

Since 2020 has been a challenging year, several households have been suffering from a cash crunch. This has led to many of them looking for alternatives that help them purchase consumer durables such as home appliances and electronics. Computers, laptops, and smartphone sales are at an all-time high due to the precedent of work from home and online classes being implemented across the entire nation. With multiple people in the same house needing to use a screen device for education and work, it is not possible to make do with just one such device. However, with the recession in the markets and earnings at an all-time low, how can people afford to invest paying upfront for such purchases? There is a viable solution for people with low income to be able to purchase consumer durables today and pay for them in installments later. Just like a marriage loan, you can apply for a consumer loan that facilitates the purchase of such electronics and gadgets without worrying about even a single in...

The world is aware of the two categories of air conditioning units that are available, window, and split. Although there are several other options present in the market with different manufacturers, the split air conditioning unit and window have been dominating the market.  However, when we look closely, we see that residential split ac is the king of the market with over 70% preference over window models. Because split air conditioners are one of the best in its segment, it is often introduced with new technologies, and consumers also get confused with the ideal selection.  To help you out with the same, we have come up with a complete walkthrough over how a split air conditioning system works. Steps to explain how a Split AC works Before we begin with the explanation of the process, we need to understand the different components that are involved in an Air conditioning unit. Every split ac comprises of an internal unit and an outdoor compressor. Now, let’s get starte...

  A personal loan is the need of the generation. Having a personal loan proves to be beneficial in ways more than one. It not only covers you in the time of crisis but also provides you with a sense of security when the other options are close. Moreover, it is very important to have preliminary information before you actually apply for a loan. Most of the time, personal loans are known to carry hidden terms and conditions that are inclined towards the financial institutions. However, there are a few things that need to be looked after before you opt for a personal loan: Personal loan eligibility Having a check on your eligibility is the first and the foremost thing that needs to be looked after. Listed below are certain eligibility criteria that you need to follow: Age limit: 21-65 years. Net Monthly Income - For business owners, they need to present their IT returns over a period of two years that represent profits.   For employees who are salar...