Abhitha Ahilya

  Investing in gold is secure, but the rate of returns is not great, unlike other options. However, the gold finance market is rapidly growing in modern India. Almost every family has its fair share of gold reserves, primarily as ornaments or coins. Someone might find it difficult to sell gold due to the emotional value attached to the jewelry. Availing a Gold Loan per gram is a good alternative when in a dire financial situation.   A gold loan is availed after depositing a certain amount of gold with the lender. A maximum of 90% of the gold value is given as a loan as per the current RBI policy. This article discusses ten benefits of choosing a gold loan per gram over other alternatives.   ●       Simple application process   The process of applying for a gold loan is pretty simple and straightforward. You don’t have to go through a lengthy documentation process like conventional loans. Make sure you reach out to a reputed and t...

  If you require a large amount of money to cater to a crucial financial requirement, opting for a loan against property can be a more viable option than an unsecured loan. You may need to buy a new home, fund a wedding, or make an investment. A LAP loan can cater to all your big-ticket financial needs. However, you must meet the loan against property eligibility criteria to get a deal offering the lowest interest rates and flexible repayment terms. For instance, Muthoot Fincorp’s Loan Against Property has a lower interest rate compared to personal loans. Besides that, you can opt for a longer repayment tenure. Crucial rules to follow when applying for a loan against property Borrow based on your needs It is essential to borrow an amount that you can conveniently repay with interest over the agreed tenure. Lenders can provide up to even 90% of your property’s insured declared value as a loan, and you will have to pay the remaining as a down payment. It would be wise to keep your mo...

  From going on those long road trips to easing your life, everyone has a reason to own a two-wheeler & nowadays many are considering it is precautionary measure against COVID-19 pandemic. However, because of a general apprehensions over loans, people often end up shelling out their savings to buy the vehicle. Opting for two-wheeler loans not only help you address your needs with financial intelligence, but it also provides various other benefits. In the comprehensive coverage, let’s delve into the advantages of opting a two-wheeler loan. Significant benefits of taking a two-wheeler loan 1. Financial support Two-wheeler loans help lift off those financial burdens of giving a lump sum amount at one go. Through flexible repayment schemes provided by several lenders, applicants can choose to buy two-wheelers by paying a small amount at a time. Applicants can compare and decide the best-suited lender using a  two wheeler loan emi calculator . Lenders like Muthoot Capital provi...