Currently, there are so many credit card providers in our country that individuals may feel confused when it comes to choosing the right card for themselves. Among the financial institutions that provide credit cards to customers, Citibank holds a prominent place among customers due to its cards for varying needs of customers. Among all credit cards, Prestige Citibank credit card is one of the most popular credit cards among customers. This credit card provides an exciting range of features across different categories like shopping, travel & stay, financial flexibility, etc. Before going any further, let’s look at some of the key features of Prestige Citibank credit card so that you can have an idea about it. Please check!
In this article, we will be telling you about the features of the Citibank credit card in detail so that you can understand them better. Keep reading to know more! Key Features of the Citibank Credit Card that You Should Know As we said earlier individuals can enjoy a host of special features that we are going to mention below. Please check! Welcome Gifts One of the most exciting features of the Prestige Citibank credit card is the welcome gift that individuals can enjoy with the same. This card from Citibank provides a welcome gift of 2,500 bonus reward points and benefits worth INR 10,000 from Taj Group or ITC Hotels, that too, every year. Do remember that only primary cardholders will be eligible for this benefit. The cardholder should make the first transaction within the first 60 days of card issuance or 60 days from the membership renewal date in case of a renewed card. Reward Points With the Prestige Citibank credit card, individuals can also enjoy reward points on their spendings. With your card, when you spend INR 100 on domestic spending, you will earn 1 reward point, while when you spend INR 100 on international spending, you will get 2 reward points. Do you know what is the best thing about the reward points on this credit card from Citibank? Well, these points will never expire so you can keep earning them and redeem them whenever required according to your convenience. Additional Benefits Other than the benefits mentioned above, individuals can enjoy features like complimentary night stay on booking a minimum consecutive four-night stay at any hotel or resort, privileged golf round & lessons at select golf courses in India, priority pass benefits for both primary and add-on cardholders, etc. If you want to spend some high-cost things with your credit card, you don’t need to worry as you can turn your big purchasers into small EMIs that you can pay over a period. Joining and Annual Fees The joining fees for the Prestige Citibank credit card stand at INR 20,000 plus GST. After paying the joining fees and making the first transaction within 60 days of card issuance, you will also get welcome benefits worth INR 2,500. However, there is an important thing that you need to remember that any individual who is earning below INR 25 lakh per year cannot opt for this card. The most important eligibility criteria that an individual needs to fulfill is a minimum annual income of INR 25 lakh. Also, he or she should be 21 or older. To get this Citibank credit card, you will also need to provide a few documents depending on your employment type (salaried or self-employed).
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If you are not familiar with the word CIBIL Score, let us tell you that it is a numerical representation of your credit history. And this score will later be used by the lenders to analyze your creditworthiness. So it’s important that you should know your CIBIL score. To get a free CIBIL score, you need to visit the Transunion CIBIL official website and need to create an account. Let’s read this page further and know more about CIBIL score in detail.
Steps to Follow for a Free CIBIL Score Check To do a free CIBIL Score check, you need to follow the instructions below:-
When your account is created, you can do CIBIL Score login and check your score for free, this benefit shall be available to you only one time. Advantages Associated with Free CIBIL Score The following is the list of benefits that you’ll get when you use the Free CIBIL Score service:-
What is the Difference Between Paid CIBIL and Free CIBIL Score? Transunion CIBIL provides you paid plans, so that you can check your CIBIL score anytime anywhere without any trouble. And if your CIBIL score is low, the paid CIBIL will help you improve the same. Let’s check out each paid CIBIL offer and know why it is different from a free CIBIL score. Basic: Under this subscription plan you need to pay INR 550 + GST that will provide you benefits like unlimited access to CIBIL score login for 1-month. And there are also somes tools such as Score Simulator which you can use to improve your CIBIL Score if it is low. Using CIBIL Credit Monitoring Services, you can track the current CIBIL status. Also, don’t go anywhere when CIBIL provides you a wide range of suitable loan offers as per current CIBIL score. Standard: Following are the benefits which you will get under this CIBIL subscription.
To get access to this plan, you need to pay INR 800 + GST. Premium: This is a one year CIBIL subscription plan via which you can get all the paid CIBIL benefits mentioned above for a year. And for all this, you need to pay INR 1,200 + GST only. Note: You can get unlimited access to Free CIBIL Score with a discount on subscription plans. To get this benefit use the promo code CIBIL20 and get 20% off on your subscription plan. Kotak Mahindra Bank Personal Loan is one of the popular loan options that people choose when they require urgent funds for their different needs. One of the main reasons behind its popularity is the affordable interest rates that customers can enjoy while repayment. Lower interest rates make your repayment amount (EMI amount) lower and vice versa. But there is one thing that individuals often ask questions about is the eligibility criteria required for a Kotak Mahindra bank personal loan. The Kotak Mahindra bank ensures that the borrower is creditworthy as the personal loan is an unsecured loan which means an individual doesn’t need to provide any collateral or security against the loan amount.
There are a few conditions that an individual needs to fulfill before applying for a personal loan. These conditions make up the overall eligibility criteria that a person needs to fulfill. Any individual should need to keep these conditions in mind when going to apply for a personal loan from Kotak Mahindra Bank. This article could be a good read for you if you are looking to know the same. Here, we will discuss some of the important conditions related to the eligibility criteria of Kotak Mahindra Bank personal loan so that you can understand better. Keep reading to know more! Important Conditions Related to Kotak Mahindra Bank Personal Loan Eligibility Criteria We are showing the important conditions related to the Kotak Mahindra Bank Personal Loan eligibility criteria below. Please check!
Other than the eligibility, an individual needs to also provide certain documents when applying for Kotak Mahindra Bank Personal Loan. We are showing them below. Have a look!
One of the major things that individuals often feel confused about when going for a personal loan is the impact of personal loan interest rate on the repayment amount. You must have known this fact that when you opt for a personal loan from any lender, you need to repay the loan amount in a fixed tenure with the help of a certain amount. This amount is known as the equated monthly installments or EMI. The first thing you need to know about the EMI amount is that it is a part of the principal amount and interest amount.
This is why you should understand the role of YES Bank Personal Loan Interest Rate when you are going to choose your EMI amount. It is important that when you are choosing a personal loan from YES Bank, you should choose an interest rate according to your repayment capacity and monthly income. To ensure this, you should have an estimation about the EMI amount beforehand with the help of YES Bank Personal Loan EMI Calculator. This is a tool that helps customers to know what will be the ideal EMI amount for them according to their required loan amount in a second. In this article, we will be telling you about the functioning of YES Bank Personal Loan EMI Calculator and role of interest rate in the EMI calculation. Keep reading to know more! Details Needed to Use YES Bank Personal Loan EMI Calculator What are those details that you will need to use the YES Bank Personal Loan EMI Calculator? This is one of the major questions that people often ask when going for a personal loan. This is a tool that helps customers to estimate their EMI amount before going for the required loan amount. However, there are a few details that you will need to put into the calculator. We are showing details about them below. Have a look! Required Loan Amount - This is one of the first and foremost details that you will need to put into the calculator. With the help of YES Bank Personal Loan, an individual can choose a loan amount that ranges from INR 1 lakh to INR 50 lakh. However, do remember that you should choose this loan amount according to your need and repayment capacity. Just put that required loan amount into first. YES Bank Personal Loan Interest Rate - The second detail is the personal loan interest rate that you will need to put into the calculator. This is the detail that will define your EMI amount. The higher the interest rate, the higher will be the EMI amount and vice versa. When it comes to the YES Bank Personal Loan interest rate, it starts from 10.45% per annum. However, the final rate of interest will depend on several factors such as age, employment type, job history, monthly income, credit score, etc. Tenure - YES Bank provides a maximum tenure of 60 months within which you can repay the loan amount. For example if you choose a tenure of 4 years, you will need to pay 48 EMIs over this period. There is one important thing you need to know about tenure. When you choose a long tenure, your EMIs will be lower but you will need to pay a higher interest amount. However, if you choose a shorter tenure, your EMIs will be higher with a lower interest outgo. So, these are the three details that you will need to get the exact EMI amount, interest amount and total amount payable with the help of YES Bank personal loan EMI calculator. Other than this purpose, you can also this tool for several other purposes such as balance transfer facility, prepayment of loan, or choosing the right tenure for yourself. The rate charged on your borrowed Clix Capital personal loan is based on your credit profile that includes your income, current obligations, credit history, etc. Clix Capital Personal Loan Interest Rate doesn’t have a specific range, this means if you have a good credit profile, there will be greater chances of you to get a low-interest rate. Let’s check out this article below and learn more about the Clix Capital Personal Loan Interest Rate.
Factors Affecting the Clix Capital Personal Loan Interest Rate! If you want to grab the lowest interest rate on your Clix Capital Personal Loan, you need to take care of the below -
Manage the Clix Capital Personal Loan Interest Rate Payments You will get a flexible tenure from 12 to 48 months from Clix Capital for your borrowed loan and applicable interest rate payment. And you can use the Clix Capital Personal Loan EMI Calculator if you want to know your approximate monthly EMI and interest outgo. To use this EMI tool online, follow these steps below -
When you click the ‘Apply Now’ button, the personal loan application will appear on your screen. You can simply apply for a Clix Capital personal loan online by just entering your mobile number and few details. Whenever an individual needs urgent money to overcome financial needs/emergencies, a personal loan comes to the mind first. When we talk about personal loan lenders, there are several options from which an individual can choose. HSBC Bank is also one of the popular ones among customers. But here, we would like to discuss a tool known as HSBC Bank Personal Loan EMI Calculator with which you can perform various things including an estimation of the EMI amount, estimation of the savings when going for a balance transfer facility or prepayment of the loan, or choosing the right tenure.
Here, we will tell you about the role of the HSBC Bank Personal loan EMI Calculator when you are choosing the prepayment facility. You must be wondering what this facility is? Well, prepayment allows lenders to make part or full payment of their outstanding loan amount before the tenure. If you will pay only a part, it will be known as the part payment. One of the most beneficial things about prepayment is that you can ensure maximum savings on a loan. In this article, we will tell you how much money you can save by choosing a prepayment facility. So, keep reading to know more! How Much Can You Save with the Prepayment Facility? Calculate it with HSBC Personal Loan EMI Calculator! One of the important things that you need to know when choosing a prepayment facility is that lenders charge a fixed charge on it that will depend on your outstanding principal balance. Also, your prepayment doesn’t get affected by the HSBC Bank Personal Loan Interest Rate. Let’s understand how much you can save with an example. Suppose an individual has a 5-year personal loan of INR 6 lakh at an HSBC personal loan interest rate of 12.50% per annum. With these details in our hands, we can know that he must be paying an EMI of INR 13,499 while the interest outgo will be INR 2,09,926. Now, let’s say he wants to make a part payment of INR 1,50,000 after 2 years into his loan. At this time, the principal outstanding balance is INR 4,03,506. After making the part prepayment of INR 1.5 lakh, the new balance would be INR 2,53,506. Now, he can choose from two options - Either he can repay this balance in the fixed tenure as decided earlier with a lower EMI amount or he can keep paying the same EMI with which he could pay the balance earlier than the pre-decided tenure. Let’s see both options. Option 1: If he chooses to pay INR 2,53,506 in the remaining 36 months, the new EMI would be INR 8,481, which is around INR 5,000 lower than the previous EMI amount. The total interest outgo will also be lower than before because of the reduction in the balance. There is no role of HSBC personal loan interest rate in this process. Option 2: If he chooses to keep paying the same EMI amount of INR 13,499, he would be able to clear off the outstanding balance within 21 months, 15 months earlier than the pre-decided tenure. Remember, the calculations mentioned above can be done by using the HSBC Personal Loan EMI Calculator. To use this tool, you only need a few details such as the required loan amount, interest rate and required tenure. The tool will give you instant results by showing the EMI amount, interest outgo, and total amount payable. One of the most efficient and fastest ways to fulfill your financial needs among customers is considered to be a gold loan. There are so many reasons. First, this loan type is a totally secured loan which means you don’t need to undergo any kind of eligibility criteria to get the loan amount. Second, you can get a higher loan amount according to your current gold rate. Third, interest rates are also quite low because of a gold loan’s secured nature. Also, we, Indians have this old habit of fulfilling our investing and saving purposes with the gold.
But you must be wondering what is the role of gold price in deciding your gold loan amount? Well, it is one of the crucial factors in getting you a higher loan amount. When you go for a gold loan, the lender checks the present value and quality of your gold ornaments or coins. According to the current gold price, lenders provide a loan amount that ranges from 65% to 90% of the overall prices of the gold up to the maximum limit decided by the lender. For example, if the overall price of your gold is INR 10 lakh, you can get a loan amount of INR 6.5 lakh to INR 9 lakh against your gold. However, the maximum limit changes from one lender to another, and you should keep this in your mind while choosing this. Now, in this article, we will be discussing the method by which lenders decide the gold loan interest rate. Keep reading to know more! Does Current Gold Rate Determine Your Gold Loan Interest Rate? Many people often ask the question of whether the current gold price determines their gold loan interest rates. Well, the answer to this question is no. Current Gold price only and only decides your gold loan amount. The higher the gold prices, the higher will be your loan amount. But there are a few factors that determine your gold loan interest rate. These factors are loan amount, credit score, external benchmarking method, monthly income, etc. You can know about them below. Gold Loan Amount - Loan amount directly affects your interest rate. The higher your gold loan amount, the higher will be the interest rates. There are several lenders that determine the interest rates according to the loan amount you are choosing, and as you know, the loan amount depends on the gold price. If you do not want a higher loan amount, you can opt for a lower rate. Monthly Income - Lenders also want to make sure that an individual will be able to repay the loan amount. To ensure this, they check the monthly income to gauge an individual’s repayment capacity. An individual with a higher income can get a lower gold loan interest rate because of the higher repayment capacity. Credit Score - Although credit score doesn’t play any role in determining your eligibility while opting for a gold loan, your interest rate can be affected by it. An individual with a good score of 700 or above can surely get a lower interest rate as compared to an individual with a low score. Benchmarking Methods - Lenders usually apply two types of benchmarking methods that can decide the gold loan interest rate for you - MCLR-linked lending rate and Repo rate linked lending rate. If you are choosing MCLR-linked rates, your interest rate will be updated once in 6 months or 1 year, while on choosing RLLR, your rate will change once in 3 months. So, when going for a gold loan, do keep this factor in mind apart from the current gold price. |
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Anika Sharma
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