Home is a basic necessity for common people in our country. But not everybody can afford to buy a home with full payment. Various leading banks and financial institutions of our country provide the home loan facility to their customers so that they can have own roof over their head. ICICI Bank is one of those leading banks that provide a home loan facility with amazing interest rates. Before taking this facility, one must have an estimation of the EMI amount which can be calculated by ICICI home loan EMI calculator.
A lot of people don’t take this EMI calculation part seriously and end up paying a higher EMI amount than they can afford. Why? Because they ignored to use ICICI home loan EMI calculator with which they can have an estimate about the monthly installments according to their repayment capability. So if you’re thinking about opting for a home loan facility and worrying about the EMI amount, fret not! Because in this article, we will be telling you about how to use the EMI calculator and its benefits in detail. Details you’ll need to use ICICI Home Loan EMI Calculator: Well, you must be thinking about that okay, we can use the calculator to know the EMI amount. But what are the details that you need to have in order to use? Worry not, you only need a few basic details to use ICICI home loan calculator in an efficient way. You can have a look at them below. Desired Loan Quantum: You must have figured out the loan amount that you’ll be needing. It is advisable to choose the loan amount only according to your repayment capability. Fill the desired amount in the required space or you can scroll to your desired value. Rate of Interest: It is the most important part of a home loan facility, as it can affect the amount of your EMI to a large extent. ICICI home loan interest rates range from 9.05% to 9.25% per annum which depends on a variety of factors like your age, employment type, gross income, and most importantly, your CIBIL score. Having a good CIBIL score (above 750) can get you a home loan at a lower rate of interest. Loan Tenure: Loan tenure is the number of years in which you will repay the loan amount with interest. You can scroll to your desired tenure or fill it manually in the calculator. ICICI bank offers a loan for a maximum of 30 years to both salaried and self-employed individuals. Remember that choosing a higher number of tenure can make you pay a higher amount of interest. After putting all these details into the calculator, you will get the exact amount of EMI in a flash of a second. This EMI amount is a part of your principal and part of your interest amount. ICICI home loan EMI calculator will also give you the total interest amount that you’ll pay over a period. Benefits of using ICICI Home Loan EMI Calculator: There are various benefits of using this calculator. You can have a look at the benefits mentioned below.
0 Comments
The Canara Bank provides 30% of the stakes in the subsidiary housing finance sector Canfin Homes Ltd. Canfin is a well-known housing finance sector in India that provides housing products to the customers. It provides various schemes on home loans such as Individual housing Loan, commercial housing loan and top-up loan at an attractive interest rate. Know more about the features of the Canfin Homes Ltd. housing products in the article.
What are the Canfin Home Loans? To buy your dream house you need a home loan because one can’t purchase a house directly. Canfin Homes is a housing finance sector that provides home loans to the customer to buy a property under construction or ready built house at floating interest rates. The Canfin home loan interest rate varies according to the scheme. Types of Canfin Home loan Individual Housing loan: An Individual whether a salaried, self-employed or pensioner can apply for this scheme with an adequate payment capacity. The maximum amount an individual can borrow from the CanfinHomes is INR 75 lakh-25%. The individual may need to provide Mortgage of the financed property with the maximum loan tenors up to 30 years. Borrowers with good track record are eligible for personal loans and top-up loans. The Canfin Home Loan interest rate depends on the individual income and repayment capacity, one can also prepay the loan principal amount repayment in case of surplus cash. Commercial Housing loan: The commercial loan is taken for the third unit of the house purchase or under-construction property. The individual can borrow the principal amount ranges from above INR 20 lakh up to 75 lakh-25%. This loan also offers you up to 30 years of loan tenure with the same benefits as Individual housing loan. Top-up Loan: This Loan scheme is for the existing loan customers for repair and renovation of the dwelling unit. All the individuals who have completed 2 years of their Home loan EMIs are eligible for can fin Top-up loan. Canfin Home Loans provide an individual a maximum loan amount of INR 15 lakh in Top-up loan. How to pay Canfin Home loans? The individual can pay the loan amount easily in equated monthly installments (EMI). Canfin Home loans EMI are paid through ECS or NAH, the customer have to pay the disbursed principal amount and interest every month on a fixed date. One can easily calculate the EMI of their home loan using the Canfin home loan EMI Calculator. Prepay Canfin Home Loans Canfin Provides Home loans to the customers at floating interest rates with a benefit of Part-Prepayment facility. An individual with a good repayment track record can prepay the principal amount without any prepayment charges on Canfin Home loans. Doing a prepayment or part-prepayment of the home loan will result in great savings over a long period and a reduction in your existing housing loan tenure and EMI. The individual with prepayment can reduce the EMI amount and keep the tenure the same or can do the vice versa. These are the benefits of Canfin Homes Ltd. housing products. An individual can fulfill their dream of purchasing a house with Canfin home loan schemes. Buy your dream home with the Axis Bank Home Loans. It provides you the best deal with exciting benefits such as speedy approval, doorstep service, smaller EMIs and more. You can avail a home loan as small as INR 3 lakh from Axis Bank, choose the interest rates according to your preferences. Axis Bank provides a longer loan duration of 30 years on home loans, Know more about the loan features in the article.
Benefits of the Axis Bank Home Loans When you choose Axis Bank as your Home Loan provider, then you have made the right decision as it offers benefits like.
These are the benefits you’ll get on your home loans, axis bank home loan interest rates are competitive and provide loans for house purchase, house construction, home renovation, and Top-up home loans. Axis bank provides EMI free 12 months on the completion of 10 years of your home loan. Know Your Home Loan EMIs Axis Bank eases your Loan procedure with Axis Bank Home Loan EMI Calculator, which helps in estimating the loan EMIs during the loan tenor. It is easy to use as you just need to enter your borrowed loan amount, loan duration and interest rate. And the EMI calculator provides the EMI of your Home loan. Eligibility for Axis Bank Home Loan
Rate of interest can play a huge role in defining your EMI (Equated Monthly Installments) of any type of credit you take. But while taking a home loan, it’s important that you have an eye on the interest rate offered by the lender as it can distort your whole budget. Various types of banks and financial institutions provide the home loan facility to their customers at different rates of interest. Indiabulls is one of the leading financial institutions that also provide this facility.
What makes this facility stands out among all is the Indiabulls home loan rate of interest which is pretty competitive and affordable. But this interest rate varies from one applicant to another based on a few factors. In this article, we will tell you about all these factors that impact the Indiabulls home loan rate of interest, and also about the features of home loan from Indiabulls. Keep reading to know all about it! Factors that define Indiabulls Home Loan rate of Interest for an applicant: Generally, Indiabulls home loan rate of interest ranges from 8.80% to 12% per annum but it depends on various factors that are mentioned below. Profile of an Applicant: The term ‘Profile’ indicates your employment type (whether you’re salaried and self-employed), gross monthly income, and most importantly your CIBIL score. All these factors together make your profile which decides at which interest rate you will get your home loan. A good CIBIL score (Anything above 700) will earn you a higher loan amount with a lower rate of interest whereas a low CIBIL score will result in paying a higher rate of interest for the same amount. Loan Amount: This is also an important factor in deciding your interest rate as the Indiabulls home loan rate of interest also depends on the loan amount you want from the bank. Indiabulls provide maximum loan to value ratio. Tenor Period: Indiabulls provide the facility for a maximum of 30 years. But there’s a catch in it as your rate of interest also depends on the tenure period you opt for. A higher tenure period is supposed to have a higher rate of interest and you’ll also pay more interest amount if you decide to repay the loan in a longer period. Property Type: The location and value of your property also play a huge role in determining the rate of interest on your home loan facility. As a property having more facilities nearby is supposed to be a good fit for the lender to sanction the loan at a lower rate of interest in comparison to an old property having no amenities nearby. So it’s important to keep an eye on the value and location of your property before opting for a home loan. What are some features of Indiabulls Home Loan that make it preferable among customers?
Vijaya Bank is one of the biggest public sector banks in India, it provides various banking products to the customers. One such product is a personal loan that can be given to both salaried and pensioners. You can get a lot of advantages when you choose Vijaya bank for your personal loan. Know more about this in the article.
What are the factors affecting Vijaya Bank Personal loan interest rates? Some of the factors that can affect your interest rate on your Vijaya bank personal loan are as follows:
Vijaya Bank Personal loan features The bank provides many benefits to the customers with its loan schemes which is as follows:
Applying for any banking product is not an easy task, it takes a lot of time but if an individual has a good credit score then the process becomes simple. But how can one calculate their credit score? One can easily know their CIBIL score by checking it on several credit bureau websites such as CIBIL. Just do the CIBIL login and it will produce your CIBIL report. Know more about the CIBIL score in this article.
What is the Importance of a CIBIL Score? CIBIL score plays a vital role in determining one’s approval for the lending product. The score is a 3 digit number which ranges from 300 to 900. The score is based on the previous loan repayment, dues, outstanding amount and other factors. So an individual can check the credit score through CIBIL score login on the CIBIL’s official website. Lowest CIBIL score is 300, which presents a bad credit report of an individual on the other hand 750 is the most relevant credit score to apply for a banking product. Why the bank and other financial institutions examine one’s CIBIL Score? Before lending money to any customer the bank or NBFCs checks one’s credit report. The bank examines the credit report by employing the credit bureaus, such as CIBIL’s to know one’s credit history. You can also easily know your CIBIL score before applying for any banking product, you just need to visit the website do the CIBIL login enter your details and it will provide you the credit report. How to improve CIBIL score? Whether an individual is applying for a credit card or loan the bank lends money only to the trusted customers. A bad credit score does not make you eligible to apply for any lending products. Some steps to improve your credit score are mentioned below:
CIBIL holds a very important role in defining your eligibility for getting any type of credit whether it’s a personal loan or a home loan. A CIBIL score measures your creditworthiness. A good CIBIL score can also make your loan application faster and smoother. Any type of lender checks your CIBIL score before giving you any type of credit facility that’s why it’s important to maintain a good CIBIL score.
You can have access to your CIBIL score by registering and logging into the official website. CIBIL login and registration process is so easy that it can be done by filling a few basic details and you’re ready to check your score. This process is open to both consumers and as well as commercial enterprises. They both can register for it, and get their information about their creditworthiness. CIBIL Login and registration process are different for CIBIL consumers and CIBIL members. Leading banks and financial institutions are known as members while individuals or companies are known, consumers. In this article, we will tell you the registration and CIBIL login process for both of them. What is the method to complete the CIBIL Registration and CIBIL Login for Consumers? The registration process can be done in a few simple steps that are mentioned below. Step 1: Go to the official website of CIBIL and then to the section of the CIBIL score. There you’ll see the various subscription methods. Choose the one which fits your needs. After it, you have to fill a few basic details like PAN card details, date of birth, email address, gender, etc. PAN Card detail is the most important. After filling all these, go the next step and proceed to the payment. Step 2: In this step, you have to make the payment for the subscription model you choose. You can pay via net banking or debit/credit cards. Step 3: In this step, you may need to answer a few important questions about your ongoing credit card and loan details so that the agency can contact the respective banks or financial institutions to gather the required information about your credit details. CIBIL Login Process for Consumers: Once you’re done with the registration process, you can access the MyCIBIL section by logging in with your registered email id and password you’ve created. What is the method to complete the CIBIL Registration and CIBIL Login for Companies? To complete the registration process for Companies, one needs to perform the following steps. Step 1: First of all, go to the ‘Company Credit Score’ on the official website of CIBIL. You’ll have to fill a form there with the details like the company’s name, registered address, applicant’s name and relationship with the company, contact details, etc. Step 2: After completing the previous step, you can now go to the payment section. You can make the payment by net banking or credit/debit cards. Step 3: You’ll get a unique CIBIL registration ID and transaction ID on your email address by which you can log in to your account on CIBIL. Step 4: In this step, you need to upload all the KYC documents of your company so that the credit rating agency can verify the credentials of the company. CIBIL Login Process for Companies: After completing the registration process, you can login to your account with the unique registration ID and password. You can also access the CIBIL score login to check the CIBIL score of your company which generally ranges between a score of 1 to 10, where 1 is the best and 10 is the worst. A personal loan is a kind of unsecured kind of credit which means that banks don’t ask for any kind of security against the loan amount. A need for personal loans can arise at any time. You could need it for paying off medical debt or for buying the latest launched iPhone. Among all the leading banks and financial institutions, Indiabulls Dhani - one of the leading financial institutions - also provides an excellent facility for a personal loan.
The one thing that everybody looks in a personal loan is the lower interest rate and Indiabulls personal loan interest rate is the most attractive feature which makes it preferable among people. Loaded with features like paperless documentation, instant loan disbursal, no prepayment charges, Indiabulls Dhani personal loan is the best you can find in the market. Read this article if you want to know more about its features, application process, documents required, and eligibility criteria. What are the various features and benefits of Indiabulls Personal Loan? High loan amount: Indiabulls personal loan lets you opt a higher amount ranging from a minimum of INR 1,000 to a maximum of INR 15 lakh. A loan amount also depends on your monthly income and other factors. Rate of Interest: The factor which decides the EMI amount for your loan starts from 11.99% per annum. Indiabulls personal loan interest rate also depends on various factors like your age, credit score, repayment capability, annual income, etc Repayment period: You can take a personal loan from the Indiabulls for a period ranging from 3 months to 36 months i.e 3 years. You can choose the tenure period according to your financial needs. Instant Loan disbursal and Hassle-free Process: Indiabulls has such a smooth application process by which you can get the loan amount disbursed in your account within minutes. No prepayment charges: There are absolute zero charges if you decide to prepay the loan before the tenure. But the loan amount must be less than INR 20,000 otherwise, you’ll be charged. Eligibility Criteria: An Indiabulls personal loan can be availed by both salaried and self-employed individuals. How can you apply for an Indiabulls Personal Loan online? You can apply for an Indiabulls personal loan in a few easy steps with the help of the DHANI app available for Android and iPhone. You just need to follow simple steps and your loan application will be on the way. Download it from the Indiabulls website and register on it by entering your mobile number. Fill up the details like loan amount, PAN card and address proof details. If all the details are found right, you will get an instant loan disbursal. How to use a personal loan EMI Calculator? With this calculator, you can easily have an estimate about your monthly installments and manage your budget accordingly. You only need to fill the desired loan amount, Indiabulls personal loan interest rate and desired tenure. It will give you the EMI amount within a second. Documents required to get a personal loan: The list of required documents is given below at which you can have a look.
Have you heard about Amazon Pay, you should have been because it is one of the largest online payment services in India. What if your credit card can offer you cashback and rewards on your Amazon Pay account? Wait ICICI Bank in association with Amazon.in launches Amazon Pay ICICI Credit Card. The card comes with exclusive features and guaranteed cashback on every purchase. There are a lot more benefits of the card let's find out.
What are the benefits of Amazon ICICI Credit card? This credit card works the same as other ICICI cards you just need to swipe it and dip it in the merchant outlets. But it is not the same when it comes to the benefits, let's have a look at Amazon pay ICICI credit card benefits.
Check your Amazon Pay ICICI credit card eligibility You can easily check your credit card eligibility using the ICICI eligibility calculator. There are certain eligibility criteria you must have passed, so that you can get the Amazon Pay ICICI credit card.
Amazon Pay ICICI Credit card fee and charges When you are applying for a credit card you have to pay some additional charges to the bank which is as follows:
Net Asset Value (NAV) of the fund is the price at which the investor buys or sells a unit of the fund. This implies that it is extremely important to keep a track of the NAV of a fund more often. Same applies to Reliance Mutual Fund existing investors or people who’re willing to invest in the future. By keeping a regular track of the Reliance Mutual Fund NAV, investors can get an overview of the fund’s performance. A dip in the Net Asset Value of any of the Reliance schemes states that the fund is not doing well. Whereas, a surge in the NAV speaks about the fund’s good performance. As you might be aware of Nirmala Sitharaman’s recent announcement of the corporate tax cuts. This news was like a gust of air for the slowly dying NAVs in the Indian mutual fund industry. Now the NAVs have picked up bringing a smile to the faces of investors.
How is the Reliance Mutual Fund NAV Calculation Done? Reliance Mutual Fund NAV calculation is not some kind of rocket science. It is simple and easy to do. Infact, you can try it once you’re done reading this article. Reliance calculates the NAV of the scheme by dividing the total net assets of the fund by the total number of outstanding units. To determine the total net assets, Reliance subtracts any liabilities from the fund’s total assets. Reliance Mutual Fund NAV Formula: NAV = (Total Assets - Any Outstanding Liabilities) / Total Number of Outstanding Shares For example, if the market value of securities held by the Reliance fund is INR 600 lakh and the mutual fund issues 20 lakh units of INR 10 each. Then, Mutual Fund NAV will be INR 30. How often is the Reliance Mutual Fund NAV calculated? Well, the answer to that question is “everyday”. It is impossible to calculate the NAV during market hours as the prices of the stocks held by the mutual funds (underlying stocks) changes from time to time. This is why the NAV calculation for any of the Reliance funds is done at the end of the day. End of the day calculation of NAV helps to take into account the closing prices of all the stocks that is being held by Reliance Mutual Fund. What are the ways to Invest in Reliance Mutual Fund? An investor has two options by which they can invest in Reliance Mutual Fund Schemes - lumpsum and Systematic Investment Plan. Lumpsum investment is where the investor invests all the sum at once in a scheme of his choice. On the other hand, some of us don’t have a huge sum amount at our disposal that we can invest at once - these people can invest through SIPs. Through SIP you can pay a small monthly amount towards your mutual fund investment. If you wish to invest or buy any of the schemes under Reliance Mutual Funds, you can do it by opting for the direct plan or the regular plan. Under the direct plan, you will have to buy the fund through the AMC (Reliance MF) directly. You can invest by visiting their website or through offline measures. You can buy Reliance Mutual Fund units through the regular plan by visiting the websites of some financial technology companies. Disclaimer: Mutual Fund Investments are subject to market risks, kindly read all scheme related documents carefully before investing. |
Details
Anika Sharma
|