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Pm svanidhi loan details - Benifits, Eligibility, and Documents required

2020-06-02T20:58:00.000+05:30

The MoHUA(Ministry of Housing and Urban Affairs) on June 1, 2020, has launched a special micro-credit scheme called Pm Svanidhi scheme or Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi scheme to provide affordable loans of up to ₹10,000 to more than 50 lakh street vendors.

The Pm Svanidhi scheme is aimed at restarting the livelihood of street vendors by providing working capital of up to 10,000 which is repayable in monthly instalments in the tenure of 1 year. "Many small vendors in India work with high-interest rate usually 1% per day accounting to nearly 400% from the informal sector. Therefore the government has seen an urgent need to provide affordable loans for working capital through the formal banking sector to the street vendors to help them resume their business". Government official said.

Features of Pm Svanidhi scheme

No collateral is required to avail the loan.
The initial loan amount is up to ₹10,000.
The interest rates are up to 7% for repayment of loans
The money will be directly credited into your bank if you are eligible.
Mobile app and web portal based application process(will be launched soon)
The subsidy will be paid to eligible creditors o half-yearly basis.
If the first loan is repeated on time, The second loan of ₹20,000 is also eligible.
There is no Late-payment fee or early payment fee.
If you pay your dues on time your credit score will also increase.

Documents required for Pm Svanidhi loan

KYC documents are
Yet to announce by Government of India.

Eligibility for Pm Svanidhi loan

Businesses were operational on or before 24 March 2020.
The scheme is applicable to vendors, hawkers and the goods supplied by them range from vegetables, fruits, ready-to-eat street foods, tea, Pakodas, Bread, eggs, textiles, apparel, footwear, artisan products, books/ stationaries etc.
The services include barbershops, cobblers, pan shops, laundry services etc.
For both Urban and Rural street vendors are eligible.

Further Eligibility will be released by the government.

Pm Svanidhi loan interest rates and Fees

The interest rates are fixed at 7%
There is no processing fee
There is no early payment fee
There is no late payment fee.
But if you pay late, you cannot take a loan again through the platform.

How to get Pm Svanidhi loan?

The central government is yet to launch a digital platform with a web portal and mobile app is being developed to administer the scheme with an end-to-end solution. The IT platform will also help in integrating the vendors into the formal financial system of India. The government announced that Urban Local Bodies will be playing a pivotal role in the implementation of the scheme. The lending institutions under the Scheme include Scheduled Commercial Banks(SCB), Regional Rural Banks(RRB), Small Finance Banks(SFB), Cooperative Banks, NBFCs, Micro Finance institutions(MFI) and Self Help Group banks(SHGB).

Also, read how to get Mudra loans in easy and simple steps,

Know-how Mr Jagan(CM) has provided No-interest loans to SHG's in Andhra

Moneyview loan app review - Funding, Eligibility, and Customercare number.

2020-06-01T13:15:00.001+05:30

Moneyview review

Money View is one of India’s leading digital financial services startup, backed by top-tier VC firms like Accel Partners, Tiger Group, and Ribbit Capital. They are the most fabled investors and among them have funded likes of Facebook in the US and Flipkart in India.

Moneyview is a mobile personal finance software application has developed and solely owned by Whizdm Innovations Pvt. Ltd, a company incorporated under the laws of India on 11 August 2014. It is involved in Software publishing, consultancy, and supply includes production, supply, and documentation of ready-made (non-customized) software, operating systems software, business & other applications software, computer games software for all platforms.

The Moneyview app has clocked 10Million+ downloads in a very short span of time. The App enables you to obtain loans and other credit facilities from Banks, NBFCs, and other approved Lenders. The App auto-tracks organizes and analyses your Transaction Information to present to you various credit products. Whether you want to furnish your home, cover wedding expenses, throw a party or take a break & go on a family vacation, Moneyview got you covered with an easy instant loan.

Features of MoneyView Personal loan

The Money View Loans app is the fastest and easiest way to get a personal loan online.

A complete online process without any paperwork
Loan disbursal within hours of applying
The loan amount can be as high as 5Lakhs.
Flexible loan payment options varying from 3 months to 60 months.
Interest rates vary from 16% to up to 36% per annum.
Single time processing fee.
No past credit history is considered to get a loan

Documents required for Moneyview loans

Aadhar card.
PAN card.
Address proof.
Three-month Salary slips are required.
Photos of the applicant(Selfie).

Eligibility criteria

Age should be in between 21 years and 57 years
Can be salaried or self-employed
A Minimum of monthly in-hand income of ₹13,500* or more is required
Should submit KYC documents.
Min Cibil score of 650 or Experian score of 750
Income should be received in a bank.

Money view interest rates and Fees

Interest starts from 1.33% per day and 13% per month.
The processing fee is 2.5% to up to 4% of the sanctioned loan amount.
There are no pre-payment charges, and to pay full amount at a time you need to pay a minimum of 3 EMI's.
An overdue fee of 2% per month, on late payment of repayment.

Example of Moneyview personal loan

For example, a loan of ₹50,000 with an annual interest rate of 18% and 24-month tenure. The total interest & fees will be ₹11,679*. and the total amount to be paid ₹61,1679.

Steps Involved in Applying for Moneyview personal loan

You can get the Personal loan completely in app-based - from loan application to loan repayment. Steps you need to complete to get the loan amount in your account:

Download the Moneyview app from the play store or IOS store.
Check your Eligibility(within 2 minutes)
Select your loan amount and repayment option.
Upload your documents and get verified.
You can get the loan amount in the given bank account within 24hours.

Money view customer care details

You can contact the Moneyview customer care by using the number 080-45692002 only on working hours and you can also contact by E-mail payments@moneyview.in and loans@moneyview.in

You can visit the official website to apply for a Loan by "Clicking here"

You can visit the Play store by "Clicking here"

Conclusion (Personal review)

With more than 10 million+ downloads on Playstore, it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow i.e is 5Lakhs. There are a few glitches like you might not get a loan for the second time if you delay the EMI's.

Star health insurance agent details - Salary, Commision and other Benefits

2020-05-28T12:27:00.001+05:30

Star health insurance agent details

Being an insurance agent is a lucrative business as you would have an income stream for the rest of your life (as long as the customer pays his premium). The insurance agent can guide you for a suitable plan that fits you the best the price of an insurance plan doesn't change from agent to agent. Insurance agents/brokers get paid by the insurance companies themselves.

Star Health & Allied Insurance Co Ltd began operations in 2006 as India’s first Standalone Health Insurance provider, the company has been providing services in Health, Personal Accident, and Overseas Travel Insurance. Star Health Insurance has products to cater to everybody, be it individuals, families, or corporates and works directly as well as through various channels like agents, brokers, online, etc., Star Health is also prominently into Bancassurance having a long-standing relationship with various Banks.

How do I become a star health insurance agent?

There are two ways you can become a star health insurance agent/broker.

One can approach Sales Managers or Branch Manager of Star Health in your local area.
Otherwise, If you are new to the Insurance sector, you have to go for training for a few hours for the IC-38 examination set up by the Insurance Regulatory and Development Authority of India(IRDAI).

If you Want to start your own business you can try Mudra loans and along with this you can also be an insurance agent so that you can earn more.

Eligibility criteria to become a start health insurance agent or broker

If you are new to the insurance field and want to start your career as an Insurance Agent then you can join the star health partner program, there are eligibility criteria that you should match.

Ahe should be above 18 years to up to 50 years
Should have a minimum education qualification of SSC (+2/ Intermediate)
If you are new to insurance then you need to take training for an around 50hours and then you need to appear for the IC-38 exam by IRDA, once you qualify you will get a license which Is valid for 3 years.
Professionals from different fields can join.

What is the IC-38 examination conducted by IRDAI?

To know if the agent is actually ready to sell the product in the right way or not this exam is conducted, This Subject starts with the inception of insurance to Reinsurance, IC38 Subject contains all basic aspects of Life, Health, and General Insurance industry that is essential for selling Insurance.

You cannot directly appear for the exam as there are 75 hours of training before attending the exam for New agents.

The examination fee is 500
There are 50 questions out of which you need to get 18 correct to qualify.

Documents required to become a Star health insurance agent

If you the below documents you can directly send a post attaching these documents with the application form below.

Age proof Certificates
Educational qualifications certificates
Proof of Pass certificate of IC-38 exam
A copy of PAN card
Address proof
Bank details.

Benefits of star health insurance agent

The commission rates are set by IRDAI and there would be other perks like. If you are a housewife and don't have time then also you can work

For selling an individual health insurance policy, the commission will be 15% of the premium paid and for group health policy it will be 7.5%.
There will be rewards and recognition for completing targets
You will get paid only if you bring in new clients.
Flexible timings you can work on your other ventures as well.

Steps to be followed to become a Star health insurance agent

You can download the Application form here
Send it to the nearest Star office, To know the nearest office "Click here"
They will review your application and send feedback.
Or you can directly download the application form, fill it and mail to agents@starhealth.in
The company will call you and discuss it further.

I hope you find this information regarding "Star health insurance agent details" is helpful. Feel free to share it with your friends and family if you find it helpful

Do you want to start your own business and are confused to start a business, check out these business ideas of the future. Have a business idea but don't have the capital to start to check out these affordable loans try out these loans, PNB Sahyog, Dwakra loan.

Dwcra Loan - Eligibility, Interest rates, and Documents.

2020-05-26T23:28:00.005+05:30

Dwcra Mahila Loan

Around 9 Lakh self-help women groups (Podhupu/Dwcra) in Andhra are going to get Zero percent interest for the loans they get, Recently Y.S. Jagan Mohan Reddy has announced this and gave 1400 crores to benefit 9 lakh, women. You can get this loan in any government bank or agriculture banks but in this article, we will discuss Andhra Bank.

Andra Bank is providing personal loans to SHG(Self Helping Groups). Despite vast expansion of the formal credit system encompassing spheres of social and mass banking, the dependence of the rural poor on moneylenders still continues in many areas, especially for meeting their emergent needs. Under these circumstances, a non-formal agency for credit supply to the poor, in the form of Self Help Groups, emerged as a promising partner to the formal credit system. SHGs are a part of microcredit.

The scheme envisages intending finance to SHGs in community Managed Sustainable Living at villages in the state of Andhra Pradesh. The main objectives are:

Secure them with financial, technical and moral strengths;
Enable availing of loans for productive purposes and repaying the same over a period of time, and in the process gain economic prosperity.
Inculcate saving and banking habits among the poor;

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Eligibility Criteria for Dwcra loan

Here are the major eligibility criteria for getting a loan for Dwcra loan

The SHG members should preferably have Common background and interests.
The group should have successfully undertaken savings and credit operations from its own resources.
The group is maintaining proper accounts/records.
The group should have been inactive existence for at least a period of six months.
Democratic working of the group wherein all members feel that 'they have a say' should be evident.
Government employees aren't eligible.

Interest rates and fees for Dwcra Loans

The interest rates are very low for the Dwcra groups compared to any other people and recently Y.S.Jagan has announced there would be a complete waiver for the interest that to be paid by the groups.

Interest rates vary from 7% to up to 13%
Processing fee of 1%.

Documents required for Dwcra Loans

These are the common documents required to get the loan

Aadhar card
PAN card
Income proof
Income certificate

Dwcra loans Features

The initial loan amount will be 50,000 for the group.
In the second Installment, the Loan amount can be up to 1,00,000 or 1,50,000 after successfully paying the first installment.
Interest is paid by the government (Announced by Y.S. Jagan Mohan Reddy )
The duration of the loan can be 36 months to up to 60 months.
Cash credit limit in the ratio of 1:4, of the projected savings for 5 years will arrive/Drawing power will be fixed on a yearly basis.
To mitigate the hardship faced by SHGs with regard to Documentation, a cash Credit limit will be sanctioned for a period of 5 years basing on the Group’s projected savings.

To check the official website of Andhra bank

I hope you find this information regarding "Andhra Bank Dwcra Loan" is helpful. Feel free to share it with your friends and family if you find it helpful

Can you get a personal loan with a credit score under 600?

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Mudra loan details - Eligibility, Documents required, Interest rates.

2020-05-24T19:06:00.003+05:30

Pradhan Mantri Mudra Yojana is a special scheme set up by the Government of India through MUDRA (Micro Units Development and Refinance Agency). MUDRA supports institutions to extend loans to the non-corporate non-farm sector income generating activities of micro and small entities. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.

MUDRA is an NBFC supporting development of the micro-enterprise sector in the country. MUDRA provides refinance support to Banks / MFIs / NBFCs for lending to micro units having loan requirements up to 10 lakh. MUDRA provides refinance support to micro-business under the Scheme of Pradhan Mantri MUDRA Yojana. The other products are for development support to the sector.

With an objective to promote entrepreneurship among the new generation aspiring youth, it is ensured that more focus is given to Shishu Category Units and then Kishore and Tarun categories.

Within the framework and overall objective of development and growth of micro-enterprises sector under Shishu, Kishore, and Tarun, the products being offered by MUDRA are so designed, to meet requirements of different sectors/business activities as well as business/ entrepreneur segments.

Shishu

This stage would cater to entrepreneurs who are either in their primitive stage or require lesser funds in order to get their businesses started. Max Loan of up to Rs. 50,000 under Shishu.

Documents Required Shishu

Proof of identity - Self-attested copy of Voter's ID card/Driving Licence/PAN Card/Aadhaar Card/Passport/Photo IDs issued by Govt. authority etc.
Details of the machinery to be purchased. For Official website "Click here"
Proof of Residence - Recent telephone bill I electricity bill I property tax receipt (not older than 2 months) I Voter's ID card I Aadhaar Card I Passport of Individual I Proprietor/Partners/Bank passbook or latest account statement duly attested by Bank officials/Domicile certificate/certificate issued by Govt. authority/Local Panchayat/Municipality etc.
Machinery quotation and other items to be purchased.
Applicant's Recent Photograph (2 copies) not older than 6 months.
Quotation of Machinery/other items to be purchased
Name of supplier I detail of machinery I price of machinery and/or items to be purchased.
Proof of Identity/Address of the Business Enterprise -Copies of relevant licenses/registration certificates/other documents pertaining to the ownership, identity, and address of the business unit, if any
Proof of category like SC/ST/OBC/Minority etc.
Borrowers also have to provide details of the machinery supplier.

To download the Official Application Form of Shishu "Click here"

What is the best bank to get a personal loan with low interest 2020?

Kishor

This section of entrepreneurs would belong to either those who have already started their business and want additional funds to mobilize their business. Max loan from Rs. 50,001 to Rs. 500,000.

Documents required for Kishor
• Last 6 months of account statements from an existing banker, if any.
• Balance sheet for the last 2 years.
• Income/sales tax returns.
• Estimated balance sheet for 1 year or for the duration of the loan.
• Memorandum and articles of association, if any.
• Sales made before filing the loan application and in the current FY.
Borrowers also have to provide a report containing the economic and technical viability of the business.

To download the Official Application Form of Shishu "Click here"

Tarun

If an entrepreneur meets the required eligibility conditions, he/she could apply a loan for up to Rs.10 lakhs. This would be the highest level of the amount that an entrepreneur could apply for a startup loan. A loan from Rs. 500,001 to Rs.10,00,000.

Documents required for Tarun

• Same as Kishor.

In addition to the above, borrows also have to provide:

• Certificate of SC, ST, OBC, etc.

• Address proof

• Identity proof

To download the Official Application Form of Shishu "Click here"

Mudra loan Eligibility

The business should be either one of the following and should fulfil the following criteria

Small manufacturing enterprise
Shopkeepers
Fruit and Vegetable vendors
Artisans
Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities
A working capital loan through MUDRA Cards
Equipment Finance for Micro Units
Transport Vehicle loans – for commercial use only
Loans for agri-allied non-farm income-generating activities, e.g. pisciculture. bee keeping, poultry farming, etc.
Tractors, tillers as well as two-wheelers used for commercial purposes only.

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Features of Mudra Loan

The loan amount is available up to 10 Lakhs.
The repayment period varies from 3 –5 years.
No processing fee for Shishu and Kishore loan, 0.5% of the loan amount for Tarun loan
Interest rates vary from banks.

Key points to know before taking Mudra loan

Since Mudra itself is not a bank, the loans under Mudra scheme can be availed only through banks and other lending institutions which include:

institutions offering microfinance
Banks in the public sector
financial companies other than banks
Banks in the private sector
State-operated cooperative banks
Rural banks from the regional sector

To download the Application Form from the government website of Shishu "Click here"

To download the Application Form the government website of Tarun "Click here"

To download the Application Form the government website of Kishor "Click here"

PNB Sahyog Loan - Interest rates, Eligibility, Documents required.

2020-05-24T08:35:00.004+05:30

Punjab National Bank (PNB) is a Banking and Financial service bank owned by the Govt of India with its headquarters is in New Delhi, India. The bank was founded in the year 1894. It is the second-largest public sector bank in India, both in terms of business and its network. The bank has over 115 million customers, 11,000+ branches and 13,000+ ATMs post-merger with United Bank of India and Oriental Bank of Commerce, effective from 1 April 2020.

PNB has a banking subsidiary in the UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan, it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank Limited, which has 50 branches. Lastly, PNB owns 41,64 % of JSC (SB) PNB Bank in Kazakhstan, which has four branches.

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Personal loan scheme for the public - PNB Sahyog loan

The main objective of this scheme is to provide financial assistance to our existing customers affected because of the COVID19 pandemic, to meet their emergent consumption or medical needs.

Features of PNB Sahyog Scheme

Minimal paperwork.
No hidden charges.
Flexible repayment option.
Attractive rate of interest
No restriction on the end-use of the loan amount as it is a MULTIPURPOSE LOAN.
Quick processing & disbursal.
A Loan can be availed for various personal requirements.

Documents required for PNB Sahyog

ID Proofs like Aadhar, PAN, Voter ID, and Passport.
Address proof like Aadhar, PAN, and Driving license.
Income proof.
Bank statements.

Eligibility for PNB Sahyog scheme

Should be an Indian citizen residing in India.
Minimum Net Take Home Salary is Rs 15000.00 in Metro/ Urban Centres and Rs 10000.00 in Semi-Urban/ Rural Centre.
Repayment to be ensured up to Maximum 60 years of age of the borrower.
Age limit: Required age of the salaried applicant for PNB personal loan application is 21 years to the maximum of 58 years at the time of loan maturity whereas for self-employed individuals the age bracket ranges from 21 to 65 years.
All Salaried Confirmed/permanent employees of Central/State Govt/PSU's and all reputed companies/Institutions including Schools, Colleges, Universities, autonomous bodies, Hospitals/ Nursing Homes, who are either drawing their salary through accounts maintained with our branches i.e. PNB (erstwhile OBC and UBI).
All permanent Defense Personnel including officials of Military Station Headquarters, Border Security Force, Central Reserve Police Force, Central Industrial Security Force, Indo Tibetan Border Police, etc. are eligible for PNB personal loans. However, Defense Personnel, who are due for retirement within the next 24 months, may not be eligible.
Years in job/profession: Salaried and Self-employed individuals should have a minimum of 2 years of job or professional continuity.

PNB Sahyog Interest rates and Fees

Repo Linked Lending Rate (RLLR) is 7.05% + 2.0%, Total interest rates is 9.05%
There is no processing for document charges.
No pre-payment charges.

Features of PNB Sahyog Scheme

Loan Amount of up to 3 Lakhs.
Interest rates are starting from 9.05%.
Loan tenure of up to 36 months.
No Document charges.
No prepayment charges.
Official website of PNB Sahyog.

Steps to apply for PNB Sahyog Scheme

Download the Official application form "Click here"
Submit it to the Nearest PNB Bank Branch.
The Bank manager will approve or disapprove your application.
Once the loan is approved the amount will be credited in your bank account.

What is the best bank to get a personal loan with low interest in 2020?

PNB Sahyog Contact details

The customer care contact details for PNB Sahyog is 18001802222, 18001032222. You can contact 24x7.

Conclusion (Personal review)

With more than a million downloads on Playstore, it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow. For a salary advance, this company is very good as there is no late payment.

Also, read

Can you get a personal loan with a credit score under 600?

Truecaller personal loan - Eligibility, Interest rates, documents required

2020-05-22T13:21:00.003+05:30

Truecaller is a smartphone application that has features of caller-identification, call-blocking, flash-messaging, call-recording, Chat & Voice by uses the internet. The service requires users to provide a standard cellular mobile number for registering with the service. Truecaller is developed by True Software Scandinavia AB, a privately held company in Stockholm, Sweden founded by Alan Mamedi and Nami Zarringhalam in 2009.

It was initially launched by BlackBerry on 1 July 2009. After a good response from users, it launched for Symbian and Microsoft Windows Mobile. It was released for Android and Apple iPhone on 23 September 2009, for RIM Blackberry on 27 February 2012, for Windows Phone on 1 March 2012, and for Nokia Series 40 on 3 September 2012. As of September 2012, Truecaller had five million users performing 120 million searches of the telephone number database every month. As of 22 January 2013, Truecaller reached 10 million users. As of January 2017, Truecaller had reached 250 million users worldwide. As of 4 February 2020, it crossed 200 million monthly user-base globally, of which 150 million were from India.

Truecaller loan Features

Minimum loan amount from ₹ 8,000 up to the sanctioned amount
The amount offered is between Rs.10000 to Rs.5 lakh. The actual amount you’re eligible for will be displayed in the app.
There are no prepayment charges
Traditional lending institutions charge you a fee if you decide to pay off the loan earlier than decided, based on your remaining balance.
With Truecaller Credit, we charge no penalty for this, which means you don’t have to worry about closing your loan obligation ahead of the pre-decided date subject to the following conditions.

Eligibility Criteria for Truecaller personal loan

Truecaller Credit offer is applicable only to users who see the offer in their app.

Your Credit Bureau score. It doesn't provide loans if your Credit Bureau score is less than 650.
It has own proprietary credit scoring process.
Your monthly in-hand salary should not be less than Rs.13,500. If you’re self-employed, your monthly income should be a minimum of Rs.25,000.
The number of active drawdowns is restricted to 2
Withdrawal can be done only on successful completion of the registration process and signing the loan documents issued by our lending partner, “CapFloat Financial Services Pvt. Ltd.”

Also Read, HDFC personal loan Telugu -@hdfc.com

Documents required for Truecaller personal loan

Aadhar card
PAN card
Bank account.

Truecaller Interest rates and Fees

There are no membership/joining/sign-up fees
In case of insufficient balance on the EMI date, a NACH bounce penalty of ₹ 500 + GST will be charged per EMI cycle.
Partial prepayment is not allowed.
Closure prepayment is allowed only 30 days after the withdrawal date.

Steps to apply for Truecaller

You can visit the official Trucaller app.
Register for a new account and fill in the details
Upload the necessary documents
Apply for the loan amount that you wish to take
Once approved you will get the loan amount credited into your bank within a few hours
You can easily repay the loan amount by auto-debiting, bank transfer or by Paytm.

Truecaller customer care details

You can contact through mail: loan.grievances@truecaller.com

Where to apply for a Truecaller Loan?

If you have a Truecaller Loan offer, you will see it on the landing page under the banking tab of Truecaller app for pay registered users & underpayments tab for non-pay users. Click on the Truecaller Loan card, and complete the sign-up process in the app. Once we receive the documents, we will enable Truecaller Loans for you and the money can be withdrawn anytime you want.

How do I pay my monthly EMI?

The loan EMI will be automatically deducted from your bank account. This is done only after you’ve authorized us to deduct the proposed EMI amount that’s specified during the loan request process in the app.

What is NACH?

National Automated Clearing House (NACH) is a mandate from you, telling your bank to make regular monthly payments on your behalf. Once set up, it is an easy and automatic method to pay the EMI.

Will you send EMI reminders?

We will send you EMI reminders 2 days before the EMI due date & on the EMI due date as well.

Where can I see my payment due date?

The EMI due date will be updated on the Truecaller Loans card on the landing page under the banking tab of the Truecaller app.

What happens if I don’t pay my EMI on time?

We do not charge any late payment fees. However, paying the EMI is very important in order to maintain a healthy credit score.

Can I change my repayment date?

Currently, the EMIs are collected only on the 5th of every month.

How can I make payments in case of failure of my NACH registration?

In case of failure of NACH registration, we will re-attempt setting up your NACH mandate. If the EMI due date arrives before the NACH mandate is set up, you can make the payments through the Truecaller app.

Conclusion (Personal review)

It one of the most reliable apps around for more than five years. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow.

Also read:

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Bank of india personal loan - interest rates, Eligibility, Documents required

2020-05-22T11:06:00.001+05:30

Bank of India (BOI) is a commercial bank with headquarters in the Bandra Kurla Complex, Mumbai and Founded in 1906, it has been government-owned since nationalization in 1969. Bank of India has 5316 branches as of 31 March 2019, including 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture.

Bank of India offers various types of personal loans that are designed to fulfill the diverse needs of different groups of applicants. From salaried professionals and physically challenged individuals to pensioners and students, various types of applicants can avail of a personal loan from Bank of India for amounts up to Rs. 20 lakh.

Features of Bank of India Personal Loan

Loan amount: The loan amount offered by Bank of India starts from as low as Rs. 10,000 and goes up to Rs. 20 lakh. The loan amount offered to an individual depends on the applicant category he/she belongs to.

Flexible tenure: Repayment tenure of Bank of India (BoI) personal loan is flexible as the repayment period varies from 12 to 60 months and can be selected by an individual as per his/her repayment ability.

Flexible end use: Bank of India offers various types of personal loans like BOI Star Personal Loan, Star Mitra Personal Loan, BOI Star Pensioner Loan Scheme, BOI Star Doctor Plus, and Star Holiday Loan Scheme. These loans can be availed by different individuals to fulfill various personal needs.

Easy application: All types of personal loans offered by Bank of India can easily be applied online and these require minimal documentation

Documents Required for Bank of India Personal Loan

The documents required to opt for Bank of India Personal Loan can vary as per the type of personal loan you opt for. However, some key documents required to avail this loan is as follows:

Identity proof: Passport, PAN, Voter Identity Card, Driving License, Aadhaar
Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement (for self-owned properties), Aadhaar, etc.
Income proof: Bank Account Statement, Salary Slips.
Proof of age is also necessary
Proof of Income and Occupation.
Last 3 months bank statement/6 months bank passbook

Eligibility for Bank of India personal loan

The borrower must be an employee or a self-employed individual.
A minimum monthly income of ₹ 15,000 is essential.
The minimum age of the applicant must be 21 years and at max 58 years.

Bank of India interest rates and Fees

Prepayment/foreclosure is 0.65% p.a. on the outstanding loan amount for the remaining maturity of the loan subject to a max. of 2.25% of the outstanding loan amount.
Processing Fee is One time @ 2.00% of loan amount Min. Rs.1000/- and Max. Rs.10,000/-.No processing charges for Senior Citizens (60 years & above). Subject to a maximum of Rs. 10,000 + Service Tax.
Personal Loan General -Interest Rates for SECURED Loans: 13.20% per annum and for UNSECURED Loans: 14.20% per annum.

Bank of India personal loan features

Bank of India has attractive features and benefits from easy loan approval to higher loan amounts with flexible loan tenure. Bank of India offers its customers maximum quantum of the loan depending on their repayment history and credit score. Here are some features and benefits of the Bank of India personal loan:

Multipurpose loan
You can avail personal loan amount from Rs. 1 Lakh up to Rs. 10 Lakhs from Bank of India
Bank of India provides convenient loan repayment options ranging from 12 to 60 months commencing one month after full disbursement or from three months after first disbursement whichever is first
Documentation is simplified and quick
Attractive rate of interest
Hassle-free loan sanction and disbursal procedure
Loan payable in easy installment

Steps to apply for Bank of India personal loan

Initiate your personal loan application by filling out the online application form available on BOI.

Then click on ‘Proceed’ once you are done

You will be redirected to the next page that shows offers from various lenders arranged according to the chances of approval

Select the loan offer(s) from Bank of India (if available) or give a call to the customer care team of Paisabazaar for further assistance

The last step would be filling another online form asking for additional information so that your personal loan application can be forwarded to the desired lender.

Bank of India customer care details

Bank of India customer care number is 1800 103 1906; 1800 220 229.

Conclusion (Personal view)

Visit the official app by "Clicking here"

Also read:

Know more about Indiabulls personal loans

Know more about Reliance money personal loans

One of India's most popular personal loans Bajaj Finserv personal loan

Axis bank personal loan - interest rates, Eligibility, Documents required

2020-05-22T10:13:00.002+05:30

Axis Bank Personal Loans are instant and come with no foreclosure and part payment charges. Personal Loans can be used for plenty of purposes! They can be availed when you are planning a vacation, renovating your home, or arranging a dream wedding for yourself or somebody special in the family. Now you need not postpone things on your bucket list! You can get a Personal Loan from Rs. 50,000 up to Rs. 15,00,000 with minimal documentation and speedy approval from Axis Bank. Also, you can transfer your existing high-interest Personal Loan to Axis Bank as well. With a quick approval on Personal Loans, turn your dreams into reality!

Features of Axis Bank personal loan

One needs to be of a minimum age of 21 years and should have a valid set of documents like ID, income, and residence proof, among other documents, to avail a Personal Loan from Axis Bank.

To ease the burden of paying off the Personal Loan immediately, you may opt for the EMI (Equated Monthly Instalment) facility. The repayment tenure can range from anywhere between 12 to 60 months. If you’re an Axis Bank customer, you can avail the best rates for Personal Loans!

To know how much you need to pay per month, there is a Personal Loan calculator at your disposal. You can choose your tenure and the amount that you are comfortable repaying each month for the chosen tenure. With the Personal Loan EMI Calculator, you can also calculate the compound interest and know exactly how much you need to finally part with - including the interest.

Document required for Axis bank Personal loans

Duly filled application form
KYC documents like Aadhar card, PAN, Voter ID.
Loan agreement duly signed and Standing Instruction (SI) Request / ECS Forms

Eligibility for Axis bank personal loan

Minimum net monthly income – Rs. 15,000.
Maximum age of 60 years at the time of maturity of the Personal Loan.
Minimum age of 21 years.
Salaried employees like Doctors, Employees of public and private limited companies, Government sector employees including Public Sector Undertakings, Central and Local bodies.

Axisbank Interest rates and Fees

Rate of Interest varies from12% to 24%.
Repayment instruction / Instrument return charges is Rs.500/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable.
Cheque/Instrument is Rs.500/- per instance + GST as applicable.
Duplicate statement issuance charges - Rs.250/- per instance per set + GST as applicable.
Duplicate Amortization schedule issuance charges - Rs.250/- per instance per set + GST as applicable.

Axis bank personal loan

You can take a Loan amount varies from Rs.50,000 to up to Rs.15,00,000
The interest starts from 15.75%.
The duration of the loan can be from 12 to 60 months.
You can easily transfer your high paying interest loans from other banks to Axisbank.

Steps to apply for Axis bank personal loan

Evaluate your needs to know the exact loan amount you need.
Take into account any existing loan or credit card dues that you may currently be repaying, as this will determine the EMI you can afford to pay. Use the Personal Loan Eligibility Calculator to understand how much you can repay in a month.
Check the bank’s eligibility conditions to know if your income and employment (the company you work for) will qualify.
Check the interest rate offered by the bank. Use the Personal Loan EMI calculator to find out how much your monthly outgo will be.
If you are an existing customer you can apply for the loan on the bank’s mobile app or through your internet banking account. If you are a new customer you can download the application from the bank’s website or get it at the branch.
Provide documents for KYC, address proof and income proof along with the application form, along with the cheque for the processing charge
The bank will verify the documents, give you the loan sanction and approve the amount based on your eligibility. This will be followed by the signing of the agreement and the Standing Instruction (SI) Request/ECS Forms. Once this is done the funds will be disbursed to your account.
The amount is then credited to your account. The entire process may take upto 30 days.

Axis bank customer care details

Axis bank customer care number is 1-860-419-5555.

To apply for Axis bank personal loan "Click here"

Conclusion (Personal review)

With more than a million downloads on Play store and very reliable , it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow. For a salary advance, this company is very good as there is no late payment.

I hope you find this information regarding "Axis bank personal loan" is helpful. Feel free to share it with your friends and family if you find it helpful.

Know more about Kyepot personal loans

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One of India's most popular personal loans Earlysalary personal loan

Rupeeplus personal loan app- Interest rates, Eligibility, Documents required

2020-05-22T08:11:00.001+05:30

RupeePlus provides short-term personal loans via a simple yet powerful mobile APP. Our products are delicately curated only after understanding that not everything in your life could be planned and you could need money at short notice for some small yet urgent daily needs. Hence, our tech-driven system enables young & old applicants to quickly get a loan within minutes without paperwork & hurdles. Our company has now over 300 employees with its operations spread across each city across all states & UTs of India. The company aims to venture into more innovative products along with a focus on superior user experience and value to shareholders.

The mini cash will be offered to you with zero collateral. Rupeeplus is low-interest instant cash loan which caters to all your needs. You can use for your personal use Rupee plus is your true partner in all needs. Rupeeplus can be your buddy for all the requirements of loans in your life.

Instant Personal loans are the loans that are always useful to cater to any emergency. The products that we have designed at Rupeeplus cater to the needs of millennials and help them with innovative mini cash loan products to overcome any financial problem.

RupeePlus Features

Rupeeplus a lot of benefits for the individuals using its services like Easiest to use

Paperless loan process.
Easiest to use.
100% Collateral free.
Travel loan, Anyday loan, Salaryday loan, Marriage loan, Car loan, Medical loan, Loan for 80C, Medical emergency loan, Instant cash loan, Credit Card loan, Aadhar based loan, PAN-based loan

Documents required for Rupeeplus

Aadhar Card photo (original).
Pan card photo.
Bank account details.
A working mobile number and E-mail.

Eligibility for Rupeeplus

Should have valid residential address proof and a PAN card and
Active Savings Bank account,
Indian citizen,
Must have a smartphone,
The valid e-mail address and a mobile number,

Rupeeplus Interest rates and Fees

Maximum interest rates up to 20%
The processing fee is 10%

Example of Rupeeplus personal loan

If your loan amount is ₹ 10,000, APR is 20%,service fee is 10% and the term is 91 days. on the due date, the amount payable is ₹ 11,498.6 (10,000 * 20% / 365 * 91 + 10,000 + 10,000*10%)

Rupeeplus Personal loan features

Loan amount: ‎₹ 5,000.00 - ‎₹ 50,000.00
Loan term: 91 days (shortest, including renewal time) - 120 days (longest, including renewal time)
Maximum APR: 20%
Other fees: One-time signup fee
Transaction Fee: 0
Click here to apply for a personal loan

How Rupeeplus works

Check Eligibility- You just have to fill some basic information to see if you are eligible for a cash loan.
Complete Profile -Submit your basic information including KYC documents.
Get Instant Loan -When cash loan gets approved, Money is instantly deposited to your bank account.

Steps to apply for Rupeeplus personal loan

Register your phone number and email and verify.
Click Pan card photo.
Click Aadhar Card photo (original).
Bank account details.
References.
Click withdraw to withdraw the loan in your account.

Rupeeplus customer care details

Rupeeplus customer care number is +91 9891671452, and you can contact through mail: service@rupee-plus.in.

Rupeeplus Available in Cities List

Delhi, NCR (Delhi, New Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon), Mumbai (Mumbai, Navi Mumbai, Thane), Pune, Kolhapur, Nagpur, Nashik, Hyderabad & Secunderabad, Lucknow, Ahmedabad, Vadodara, Anand, Rajkot, Surat, Bharuch, Haridwar, Dehradun, Chennai, Coimbatore, Salem, Erode, Bangalore, Mangalore, Jaipur, Jodhpur, Kolkata, Chandigarh, Mohali, Panchkula, Ambala, Indore, Bhopal, Visakhapatnam (Vizag), Vijayawada(Expanding soon!), Kochi.

Also read:

Know more about Kyepot personal loans

Know more about Tata Capital personal loans

One of India's most popular personal loans Earlysalary personal loan

Paisafatafat personal loan - interest rates, Eligibility, Documents required

2020-05-21T22:22:00.002+05:30

Paisafatafat aims at making your life hassle-free in every way. It doesn't want you to stop in life because of a financial tight spot. It gives you all the needed financial support quickly and instantly.

Paisafatafat.com is a ‘friend in need’ for all who are strapped for cash. Yes, It offers you quick and easy cash advances online to cater to your financial emergencies. It is one of the leading financial marketplaces online offering you various types of financial products like loans, insurance products, credit cards.

It adheres to a strong, ethical value system and is strictly neutral while offering customers with our products and services. Online shopping is a rage now. So, when you shop for everything online, why not your much-needed financial products? Give it a thought and turn to us. Paisafatafat.com is always ready to bring you out of cash crunches. So, go ahead and realize your dreams today!

Paisafatafat personal loan features

Quick approvals.
Flexible repayment options.
Lucrative interest rates.
Easy applying process.
Speedy cash advances are available from the comfort of home.
Customized and instant loan rate quotes available.
Extensive range of financial products to choose from.

Documents required for Paisafatafat

Aadhar card.
PAN card.
Address proof.

Eligibility for Paisafatafat

Differs from bank to bank, Some common eligibility criteria like

It should be above 18 years.
Should have a valid Bank account.
Should have an Aadhar card/ Pan card/ voter card

Paisafatafat Interest rates and Fees

Interest rates start from 11.5%.
The processing fee varies from 1 to 3%
Pre-closure fees vary from 0 to 5%

Paisafatafat personal loan features

Loan duration varies from 1 to 5years
Interest rates start from 11.5%.
The processing fee varies from 1 to 3%.
Visit the official website by "Clicking here"

Steps to apply for Paisafatafat personal loan

How to apply for Paisafatafat personal loan in easy steps

You can visit the official www.Paisafatafat.com.
Register for a new account and fill in the details
Upload the necessary documents
Apply for the loan amount that you wish to take
Once approved you will get the loan amount credited into your bank within a few hours
You can easily repay the loan amount by auto-debiting, bank transfer or by Paytm.

Paisafatafat customer care details

Flexsalary customer care number is 080-46328301, You can even contact on WhatsApp:+919908935151, and you can contact through mail: support@paisafatafat.com

Conclusion (Personal review)

Afinoz personal loan app - Interest rates, Eligibility, documents required

2020-05-21T17:49:00.002+05:30

Afinoz Forum is here! Now engage experts and fellow users with your queries related to finance. After all, it’s One app for all financial needs, be it Personal Loan, Business Loan, Credit Cards, or a thriving finance Forum. We connect consumers to lenders, offering loans at best interest rates. Enter the loan amount and check your eligibility in minutes.

Awarded “Most Promising Award“ in the category of Diversified Financial services at Ideasfest 2019 organized by WCRCint+ Afinoz app is now one of the most preferred Instant Loan Apps to get funds in shorter duration. This app, has tie-ups with various leading lenders, to help you choose which one of them to go for.

Get a one-stop solution for your financial requirement, with the ultimate instant Loan App. Your very own Personal Loan App which will help you lead a life on your own terms.

Features of Afinoz App

There are many features by using Afinoz app

High-end technology to keep customers' documents safe.
Easy application of loan.
Instant approval in a couple of minutes.
Complete the security of the data of the customer.
Compare from multiple lenders & decide for the ones offering the best interest rates.

What are Afinoz offerings

Balance Transfer Calculator
Business Loan
Personal Loan
EMI Calculator

Documents required for Afinoz app

Aadhar card.
PAN card.
Address proof.
Three-month Salary slips are required.
Photos of the applicant(Selfie).

Eligibility for Afinoz app

One should have a regular source of income, to repay the amount.
A person should be a resident of India.
He should have valid identity & residence proof.
He/She should be above 18 years of age.

Steps to apply for Afinoz app

Install Afinoz App from Google Play Store.
Register yourself with your phone number on the Afinoz India Loan App.
Create your profile, entering the basic personal details on the Afinoz India Loan App
Select the loan product according to your requirement.
Fill all the details, while selecting a personal loan.
Finance App will display all the available options, to choose from the best lenders with the best interest rates.
Choose the lender that offers the best deal.
Provide all the information. Once completed, you will receive a message.

How is Afinoz Different?

Bonanza of ₹ 5,000 cashback.
Instant e-approval of application. This instant loan app gets you sorted with finances, in times of your need.
Fast disbursal of loans, with few least documents.
We have tied up with various major lenders in the market.
You can compare & apply, for your business loan from the best deals available.

Afinoz App Customer care

You can easily contact Afinoz customer care by +91 1204 110 376, You can also E-mail info@afinoz.com

Conclusion (Personal review)

I hope you find this information regarding "Afinoz personal loan app" is helpful. Feel free to share it with your friends and family if you find it helpful.

For Official website "Click here"

Momo personal loan app - Interest rates, Eligibility, Documents required

2020-05-21T17:16:00.002+05:30

Momo personal loan app

MOMO is an App providing personal loans varying from ₹3,000 to ₹30,000 at an interested maximum up to 36% per annum for 60 days.

You can easily Sign up in seconds and register your profile in easy steps, to apply for loans and get your approval easily after review. Once the loan is approved you will be able to borrow amount beast on the credit limit set by the company, money can be easily transferred into your bank account. Let's Download the MOMO app and get an instant personal loan.

Momo app Features

Momo app offers a wide range of offers for taking a personal loan

No guarantee/security required.
Easy and flexible repayment options.
Credits are given by a comprehensive credit score.
Fast approval.
Immediate bank transfer.
Backed by excellent customer service.
Payback and use again immediately.
100% Online process.
Secure transaction.

Documents required for Momo personal loan

A Bank account.
Latest bank account statements for 3 months, salary slips, and ID cards.
PAN Card/ Aadhar card/ Voter ID.
A selfie.

Eligibility for Momo personal loan

Should be an Indian citizen.
Should have a bank account such as SBI, HDFC, Axis, Kotak.

Momo Interest rates and Fees

Up to 36% per annum.
The processing fee varies from 13.98% and up to 20.76%.

Example of Momo personal loan

If you take a loan of ₹3000 with an interest rate of 36%, with a minimum duration of 15 days then the processing fee would be 13.98% @419.4, the Total amount you will be paying ₹ 3464.4 after 15 days.

Momo personal

The loan amount varies from ₹3,000 to ₹30,000
Maximum interest rates up to 36%
Loan duration varies from 15days to 60 days
Processing fee starts from 13.89%

Steps to apply for Momo personal loan

Download MoMo App from Google Play store
Register/Login with Phone Number
Complete basic information and upload KYC documents
Get your credit limit after a review
Get money into your account
Repay the loan before and on the due date

Momo customer care

Momo customer care details 018-36670970, You can easily mail service@MoNeed.net

Conclusion (Personal review)

With more than 5 Lakhs downloads on Playstore, it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow. For a salary advance, this company is very good as there is no late payment.

I hope you find this information regarding "Momo personal loan app" is helpful. Feel free to share it with your friends and family if you find it helpful.

Also read:

Find the Official website of Momo personal loan app

Download the Official app: Momo personal loan

Join the official Facebook page of Momo app: https://www.facebook.com/MoNeed2018

Renewbuy insurance details - Eligibility, Documents required, and Review

2020-05-21T09:10:00.003+05:30

Renewbuy partners insurance

What is Renewbuy? Renewbuy is an online insurance platform that compares the motor insurance, Bike Insurance, Car Insurance, and health insurance of various companies and gives the smartest and fastest possible, founded by Balachander Sekhar in 2015, headquartered in Gurgaon, Haryana. Currently, it is Series-C funding and has raised 130Cr, and till now it has raised more 29.6Million dollars. It has more than 400 employees currently working.

Renewbuy has been one of the fastest growing online insurance platforms in India. To address the problems faced by many individuals who are willing to have insurance or renew their once a year but many are not aware of the various products that are available, So Renewbuy has decided to provide a platform where they can get all the information related to insurance. You can easily browse the website and compare the features of the same policy provided by different insurers.

By just filling in a few details on the Renewbuy website you can get a lot of insurances that available by the top insurance companies in India, at the lowest premium and highest features, You can apply through the website itself. You can easily save money by using Budgeting apps.

If you wish to buy insurance on yourself, then check out the top insurance companies in India.

With the Renewbuy partners app, you can easily download the app and be a partner and make others take an insurance policy, and you will be getting up to 30% of the premium. By this, you can easily earn money from home

Renewbuy Features of buying an insurance

There are many amazing features offered by Renewbuy partners, you can easily buy motor insurance, Health insurance, Life-insurance.

You can find the lowest premiums for your Motor, Health & Life Insurance.
Single Click renewal
You can easily buy a policy in three steps
Renewbuy offers customer care assistance to buy the right insurance
Claim assistance is also provided
You can even earn by becoming a Renewbuy partner

Documents required for Renewbuy insurance

Aadhar card
PAN card
A bank statement.
A passport size photo

Eligibility to buy an Insurance from Renewbuy Insurance

You can be an Indian Citizen or NRI
Regular Income is required.

Steps to apply for Renewbuy Insurance

Visit the official website
Fill in the required details
Click on the insurance that you wish to take i.e Life-insurance, Motor insurance, Health Insurance
Compare and select from the insurance policies that are available
Fill your personal details and pay for the insurance through the app
You will get your Policy through the E-mail

How to become a Renewbuy partner and earn money

Firstly you need to become a Pos, You can become an Insurance point of sale person (Pos) by registering through the app. After becoming a Pos, You can sell insurance to your friends or known people and earn a commission of up to 30%.

Eligibility for becoming a Renewbuy partner

To become a Renewbuy partner you can these are the required steps

Should be above 18 years
Have an education above 12th grade
You must have a working android mobile or Laptop
A bank account with canceled cheque/ passbook/ bank statement.
A profile photo
Some basic information
A Pos certificate

How to get Renewbuy Pos Certificate

You can easily get Pos certificate for free by registering through the app or website, then by providing your KYC documents. Once registered you have a go through 15hours of training, The training is completely online by video lectures. After the training, there is an exam from the IRDA that you need to qualify, which is very easy. This exam is completely online and you can write in flexible timings that you wish. Once you clear the exam you can easily sell insurance policies.

What all policies you can sell-through Renewbuy partners

You can sell Life-insurance, Bike Insurance, Car Insurance, and Health Insurances through the app itself and get a commission of up to 30%.

Features of being a Renewbuy partner

Here are the main features of becoming a partner in Renewbuy

Pos Insurance advisors can issue policies online instantly without the lengthy paperwork
Provide quotes from multiple insurers in motor insurance, health insurance, and life insurance
Follow-up on your leads & renewals as an insurance advisor with the app through online
Share quotes, reminders and documents with your customers
You can easily see a dashboard of your financial performance, insurance commission you earned & much more

Who is RenewBuy's CEO? - Balachander Sekhar

How much funding does RenewBuy have? Currently, it has raised over 29.6 Million dollars

Where is RenewBuy's headquarters? Gurgaon, Haryana

How many employees does RenewBuy have? 200 to 500 Employees (According to LinkedIn)

When was RenewBuy founded? in 2015

I hope you find this information regarding "Renewbuy insurance details" is helpful. Feel free to share it with your friends and family if you find it helpful

Also, read

How to easily get a personal loan from LoanAdda, TATA Capital

India's First Online Chit Fund Company

Flexsalary loan apply - Interest rates, Eligibility, review

2020-05-21T09:10:00.001+05:30

Flexsalary Personal loan

Flexsalary is a personal credit line providing Product of Vivifi India, an NBFC registered on Jan 9, 2016, with the RBI as most of the personal loan sector in India is unorganized. Vivify India was started by Anil Pinapala and Srikanth Kompella with a vision to offer to provide financial products to customers across the credit spectrum with a focus on unserved people.

Flexsalary has become one of the fastest Telangana-based fintech firms in a short span of time and has distributed more than 100crores, with 3500 Plus loans. With more than 7000 new loan applications received in a month for Flexsalary personal loan, and has more than 97% of its existing customers retaking loan.

Flexsalary is an online personal loan provider platform, providing a wide range of products to address the needs of individuals. With Flexsalary you can easily apply for an unsecured personal loan right from your living place. No bank visits, No standing in lines, with minimal documentation and a very easy process to apply, the approval rate is very high.

Flexsalary provides both personal loans and salary advances, for individuals to use for various needs to pay for your emergency medical expenses, to pay off your vehicle EMIs, to head off to your dream vacation, Pay off your credit card dues, To pay your tuition fee.

FlexSalary Features

Flexsalary offers a wide variety of features for your financial needs

Provides both Salary Advance and Personal Loans.
One time application.
No collateral or security is required.
A complete paperless process.
Minimum documents are required.
No loan Re-payment penalties for a salary advance.
Quick Cash disbursals.
An unsecured loan can be applied 24x7.

Documents required for FlexSalary personal loan

Aadhar card.
PAN card.
Address proof.
Three-month Salary slips are required.
Photos of the applicant(Selfie).
Netbanking verification of the bank is required.

To apply for MoneyTap personal loan "Click here"

Eligibility for Flexsalary personal loan

Should be an Indian citizen above 21 years of age
Should be a salaried individual
Monthly income of above Rs.8000

Flexsalary Interest rates and Fees

Interest rates are up to 36% P.a
An Inline usage fee of 1.75% per month with GST
A one-time processing fee os Rs.650 including GST
There is no late payment fee for Salary advance
The late payment fee can be up to 5% for a personal loan.

Example of Flexsalary personal loan

If you take a loan amount of Rs.8000, with an interest rate of 35% for a duration of 30 days. Then the initial processing fee would be Rs.650(one-time fee) with GST and the interest amount that you would be paying is Rs.230.

Flexsalary personal loan

You can take a Loan amount varies from Rs.4000 to up to Rs.2,00,000
The interest can be maximum up to 36%
The duration of the loan can be from 30 days to up to 3 years.
The processing fee is Rs.650
There is a late payment fee of up to 5% of the outstanding amount
Re-payment can be done directly done through a bank account or from Paytm.
You can visit the official website by "Clicking here"

Steps to apply for Flexsalary personal loan

How to apply for Flex salary personal loan in easy steps

You can visit the official www.flexsalary.com or download the app from the play store.
Register for a new account and fill in the details
Upload the necessary documents
Apply for the loan amount that you wish to take
Once approved you will get the loan amount credited into your bank within a few hours
You can easily repay the loan amount by auto-debiting, bank transfer or by Paytm.

Flexsalary customer care details

Flexsalary customer care number is +91-4046175151, You can even contact on WhatsApp:+919908935151, and you can contact through mail: support@flexsalary.com.

Conclusion (Personal review)

I hope you find this information regarding "Flexsalary personal loan" is helpful. Feel free to share it with your friends and family if you find it helpful.

Also read:

Know more about Kyepot personal loans

Know more about Tata Capital personal loans

One of India's most popular personal loans Earlysalary personal loan

list of top 5 best car insurance in India - GIL

2020-04-25T21:49:00.002+05:30

List of top 5 best car insurance in India - GIL

We might have faced the hassles that we come across when we met with an accident or damage due to any natural disasters. You would probably know the importance of having good car insurance. And in India, it is mandatory to have your vehicle insured.

Even after having insurance, many fail to claim the insurance as they weren't aware of the policy they are in or the terms and conditions on which they can claim the insurance amount. Repairing a car costs a ton of money, choosing the best policy not only saves money on premium payments but also covers a lot of repairing costs.

Check out some of the top car insurance companies in India

1) HDFC ERGO Car Insurance

HDFC Ergo general insurance company is a joint venture between the HDFC group and the ERGO AG group, It is the insurance arm of the Munich Re group from Germany. They formed a joint-venture with HDFC owning 51% stake and Egro group owning the remaining 49%. Hdfc Ergo provides a wide range of insurance products like travel insurance, health insurance, home insurance, and car insurance.

Hdfc Ergo car insurance claims to have the highest car insurance claims in the market with a claim ratio of 99% for the financial year 2019-20. It is recognized as the best car insurance provider for the year 2013 by IAIR.

Hdfc Ergo car insurance has more than 7500 cashless garages across India for repairing your car in case a minor accident you can easily get repaired in garages located in 13+ cities and there is also a 24x7 support service to claim your insurance cover. Even by using the Hdfc ergo app, you can easily contact the customer support.

The main features of Hdfc Ergo car insurance involve

Zero/Paperless documentation process
Car insurance covers Accidental damages, Theft of the vehicle, Damages due to Fire or any Natural disaster, Personal accidents are also covered along with damage due to third-party vehicles.
Repairs can be done overnight with less hassle
You can get your repairs done in any of the 7000+ garages
Provides third-party insurance cover of up to Rs. 7.5Lakhs

You can addon additional car insurance covers like Zero depreciation, Emergency cover, No claim to bonus, etc.

These are the three popular car insurance plans that you can avail of:

HDFC Ergo single year comprehensive car insurance
HDFC Ergo Long term comprehensive car insurance
HDFC Ergo Third-party liability car insurance.

2) United India Car insurance

United India car insurance is a fully owned subsidiary of the Indian government established in 1938 and is one of the most trusted and leading insurance companies in India. With more than 1 crore insurance policies dispensed it is one of the most trusted insurance companies in India.

United India Insurance has an insurance claim ratio of 91.72% and you can change the vehicle by continuing on the same plan. United Insurance has more than 200+ offices in tire-II and tire-III cities and in villages to serve the rural population.

The main features of the United car insurance involve

Very simple and hassle-free documentation for applying an insurance plan
There are two types of insurance policies available i.e package plan and liability plan

There are many discounts and bonuses for no-claims
Provides car insurance for car theft, Accident cover, housebreaking, etc
It provides a third-party insurance cover of up to Rs.7Lakhs.
You can get a quotation of insurance online and can buy multiple plans, an easy online insurance renewal process.
Up to 50% paid on the damage incurred on personal damage.

There are additional Add-on car insurance plans like personal accident cover, electronic fitting, CNG/LPG kits, and even for fiberglass fuel tanks, etc.

These are the two best insurance policies that you can avail are

United India motor package policy
United India liability-only policy.

you can easily check your creditworthiness "Click here"

3) New India Assurance car insurance

New India Assurance Company is a fully owned government insurance company established in 1919 and is one of the pioneers in providing insurance in India and Abroad with its presence present in more than 20 countries. It is the only insurance company rated as A(Excellent) by an International rating agency called A.M.Best Co.

New India Assurance car insurance has an insurance claim ratio of 91.26% and has a huge presence with more than 2000+ offices and more than 250 insurance products to cater to the needs.

The main features of New India Assurance car Insurance involve:

Quick decision on insurance claims i.e within 3 days and payments of the same.
No-claim discount can range from 50% to 20%
There are two types of insurance policies, Third-party Liability policy, and for private damages
Provides car insurance for loss or damages to the vehicle and to its accessories as well for both natural disasters and ay riots and for personal accident cover
Any problems in claiming the insurance will be solved within 15 days of application.
It is an AAA-rated insurance company
Third-party car insurance cover of up to 7.5 Lakhs

There are add-on car insurance plans like damages to the car accessories and personal accident cover Co-passengers and liability coverage to the working individuals.

The two best car insurance policies are

Private car motor insurance policy
liability-only policy

4) ICICI Lombard car insurance

Icici Lombard general insurance Co was established in 2011, is a joint venture between the Icici bank and Fair fax commercial holdings limited. The majority share of the JV is owned by Icici bank i.e 64%, and the remaining 36% is owned by Fairfax.

Icici Lombard car insurance has an insurance claim ratio of 77% and has more than 3500+ garages across India and provides an online mobile inspection of the car.

The major features of ICICI Lombard car insurance are:

You can easily get all the details to buy your policy via WhatsApp
Free car pickup and towing facility at certain garages
With a very simple and hassle-free documentation process
There is six-month quality assurance on all repairs with the car insurance.
Reimbursement can be claimed for repairs done outside the garage list with the preview of customer care.
The insurance covers loss or damages that occurred due to man-made or natural disasters and also personal accident cover.
There is a third party insurance cover.

There are several add-ons you can also purchase with the car insurance policy like Zero depreciation, Roadside assistance cover, Engine cover, Personal accident cover for the driver and the co-passenger, and also roadside assistance cover.

The best car insurance policies are:

ICICI Lombard private car package policy

How to easily apply for a personal loan with less interest rate "Click here"

5) TATA AIG car insurance

TATA AIG insurance company is a JV between Tata Sons and the AIG group an American multinational company, It was formed in 2001 with tata sons holding the majority share of the venture.

Tata Aig car insurance has an insurance claim ratio of 70%. As the car insurance was incepted in 2011, It has grown exponentially and one of the first to launch an Application for its insurance products. with more than 100+ locations in the country.

The main features of Tata Aig car insurance are

There is a free car pick up service.
You can get your repairs done Cashless in partnered garages.
Quick claim settlement i.e within 7 days.
Damage or theft of the vehicle is covered and the accident of the driver is also covered.
You can get your repairs done if your vehicle is still in the warranty period.
Third-party car insurance cover of up to 7.5 Lakhs

There are several unique add-on car insurance covers like Rembusiment of depreciation, Assistance on Road, No claim bonus, repair of car accessories, Emergency transport and stay assistance, etc.

The best car insurance policies in Tata Aig are:

The auto secure private secure package policy
The auto secure commercial secure package policy
Liability only policy

Also, read the top life insurance policy providers in India

Check out these amazing tips and tricks to improve your credit score easily

True balance personal loan app - Eligibility, Interest rates, Review.

2020-04-22T17:03:00.001+05:30

True balance personal loan

Truebalance is a fintech app launched in 2014 by Balancehero India, a subsidiary of Balancehero, Korea. Through the True balance app, you can avail of wallet, loan, insurance, commerce, and utility bills features. With more than 10Million app downloads in a short period of time and with a daily loan disbursal of 40,000 plus,

Truebalance aims to provide loans to the unbanked population, as they're mostly not able to get loans due to lack of creditworthiness, Truebalance is trying to solve this by using its own algorisms and measurement techniques to calculate the creditworthiness of an individual and provide a loan.

Truebalance first launched its loan product in September 2019, with an average ticket size of Rs.500 to Rs.7000, then launched cash loans and pay later in March 2019, and finally launched recharge loans in June 2019, have seen a 2x to 3x growth. Truebalance has also launched E-commerce operations in June 2019 by selling Mobile phone and plans to sell more brands of mobile phones in its platform like Apple, Xiaomi, Vivo, Oppo, etc

Truebalance aims to provide unsecured loans for the living requirements and enhance the digital lending arms to serve its customers and provides Utility Bill Payment, Recharge Loan, Insurance, Loan, Digital Gold, PayLater, and shop.

Other than just providing loans, with the Truebalance app you can buy insurance for Personal accident, Bike Insurance, Mosquito Insurance, and Daily commute insurance starting from Rs.5.

With the recharge loan feature, you can recharge your mobile and pay the amount later in 3 easy installments within 20 days. You can send a Gift card, Gas, Electricity payment, DTH recharge. There is Rs.50 rupees cashback for obtaining Truebalance Gold membership by this you can get bonuses, higher cash backs.

True balance personal loan Features

True balance offers a wide variety of features for your financial needs, You can even recharge, take insurance as well.

No past credit history is required
No collateral or security is required
There are three loan products available from 1000 to up to 50,000 rupees
A complete paperless process
Minimum documents are required
Quick Cash disbursals
An unsecured loan can be applied 24x7
Cashback on every transaction on made on the app

Documents required for True balance personal loan

Aadhar card and PAN card
Address proof
Driving license or Voter's ID
Bank transaction statements
Photos of the applicant(Selfie).

Eligibility for True balance personal loan

Should be an Indian citizen above 21 years of age
Should have a mobile with an Internet connection

True balance personal loan Interest rates and Fees

Interest rates are up to 2.5% per month
No Processing fee for amounts up to Rs.4000

Example of True balance personal loan

If the loan amount of ₹10,000 and if the interest rate is 30% per annum with a duration of 91 days. Then after deducting the processing fee, the total interest payable would be Rs.748. Therefore the total amount you would be paid 10,748.

True balance personal loan

You can take a Loan amount varies from Rs.1000 to up to Rs.50,000
The interest can be maximum up to 30%
The duration of the loan can be from 31 days to up to 180 years.
Re-payment can be done directly done through a bank account or from the app itself
You can visit the official website by "Clicking here"

Steps to apply for True balance personal loan

How to apply for Truebalance personal loan in easy steps

You can visit the official www.truebalance.io or download the app from the play store.
Register for a new account and fill in the details and Upload the necessary documents
Your eligibility will be assessed
Apply for the loan amount that you wish to take
Once approved you will get the loan amount credited into your bank within a few hours
You can easily repay the loan amount by auto-debiting, bank transfer or by the app itself.

True balance customer care details

True balance customer care, you can contact through the mail by cs@balancehero.com.

Conclusion (Personal review)

With more than a million downloads on Playstore, it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are low and there is a limited loan that you can borrow. there are lots of features from the app like recharge, bill payments, Insurance, and wallet support.

I hope you find this information regarding "True balance personal loan" is helpful. Feel free to share it with your friends and family if you find it helpful.

Also read:

Know more about Indiabulls personal loans

Know more about Reliance money personal loans

One of India's most popular personal loans Bajaj Finserv personal loan

List of Top 10 life insurance companies in India 2020 - GIL

2020-04-16T11:45:00.001+05:30

Let us discuss the list of top 10 life insurance companies in India 2020

The basic idea of life insurance is that if you take an insurance policy and you pass away, the insurance company will pay a huge sum to your family or the nominee, A insurance policy ensures a guarantee to your family to live off without a financial burden. No one can predict the future it's better to get insured so that it remains as a backup for your family.

There are many schemes and policies that you can avail that not only provide a huge sum to your family but also some policies that invest in stock markets and provide you with regular returns.

In this article, we will discuss the best life insurance companies that are very popular and were accredited by the IRDA(Insurance Regulatory Authority of India). There are many private and public life insurance companies, In fact, there are 24 insurance companies in India and only one is Public and the remaining 23 are privately held. These life insurance companies offer a wide variety of products for various insurance needs. You can save and track money using these interesting apps

The list of top 10 insurance companies in India are as follows

1) Life Insurance Corporation of India (LIC)

LIC- Life Insurance Corporation of India s a state-owned company started its operations from 1956 and provides various products to customers

Life insurance corporation is one of the oldest and most trusted companies in India. LIC of India is the only public company among the 24 insurers in India that are approved by IRDA.

Life insurance corporation has collected a total premium of Rs.318223.21 Cr for the financial year of 2017-18

LIC has secured more than 250 million lives and is still going strong with its various policies. LIC has a claim settlement ratio stands at 97.79 as of 2018-19

2) HDFC Life Insurance Corporation limited.

HDFC - Home Development Finance Corp, Hdfc standard life insurance was founded in the year 2000 is a joint venture formed between HDFC and Standard Life plc, where the majority of stake is

held by HDFC i.e 70.65% and standard life plc holds 26%.

HDFC is an Indian company and Standard insurance company is an American multinational company with lots of experience in the Insurance sector

HDFC life insurance is one of the leading private life insurance companies in India. HDFC provides various life insurance products including health cover, child plans, savings, investment plans and also pension cover.

HDFC life claims a settlement ratio of 99.04% for the year 2018-19 and has claimed to collect a total premium of Rs.11349.61 Cr for the financial year of 2017-18

3) Max Life Insurance Corporation limited.

Max life insurance India was formerly known as Max Newyork life insurance company limited was founded in the year 2000. Max life insurance is a joint venture between Max financial services and Mitsui Sumitomo Life Insurance. Where Max India owns the majority of 68% shares and Sumitomo owns 26%.

Max financial services corp is an Indian company and Mitsui Sumitomo is a Japanese multinational.

Max life insurance company offers a very low premium for life insurance solutions to provide long term savings, protection, and retirement schemes.

Max life insurance has a claim to settlement ratio of 98.74% for the year 2018-19 and has claimed to collect a total premium of Rs.4348.59 Cr for the financial year of 2017-18

4) ICICI Prudential Life Insurance Co Ltd

ICICI Prudential life insurance is a subsidiary of ICICI bank. ICICI Prudential is a joint venture between ICICI Bank and Prudential plc founded in 2001. Where ICICI bank holds the majority share i.e 74% and Prudential plc holds 24%.

ICICI Bank is an Indian investment bank and prudential plc is one of the largest financial services player in UK

ICICI prudential life insurance offers a wide variety of policies like term plans, health cover, retirement cover, savings, ULIP(Unit Linked Insurance Plans). ICICI Pru offers a discount of 15% and other benefits from restaurants.

ICICI Prudential life insurance has a claim to settlement ratio of 98.58% for the year 2018-19 and has claimed to collect a total premium of 9211.75 Cr for the financial year of 2017-18

5) Kotak Mahindra Life Insurance Co Ltd

Kotak Mahindra life insurance is a subsidiary of Kotak Bank. Kotak Mahindra life insurance is a joint venture between Kotak Mahindra Bank and Old Mutual plc founded in 2001. Where Kotak Bank holds the majority of 74% and Old Mutual plc holds 24%.

Kotak Mahendra Group is a well-known brand in India with a presence in many sectors and OLD Mutual Ltd is a pan African financial services provider.

Kotak Mahindra life insurance is one of the fastest-growing insurance companies in India which offers a wide range of products like term plans, Health cover, savings, retirement cover, and ULIP schemes.

Kotak Mahindra has a claim to settlement ratio of 97.4% for the year 2018-19 and has claimed to collect a total premium of Rs.3404.1 Cr for the financial year of 2017-18

Need to access low-interest personal loans "Click here"

6) Aditya Birla Sunlife Insurance Co Ltd

Aditya Birla Sunlife is a subsidiary of Aditya Birla Group. Aditya Birla Sunlife Insurance is a joint venture between Aditya Birla Group and Sun life Insurance founded in the year 2000.

Aditya Birla Group is a well-known company in India with a presence in many sectors and Sun life insurance is a Canadian financial services company.

Aditya Birla Sunlife insurance is a well-renowned insurer in India that offers products like term plans, wealth with protection, child cover, health cover, retirement, ULIP plan, and saving plans.

Aditya Birla Sunlife insurance has a claim to settlement ratio of 97.15% for the year 2018-19.

7) TATA AIA Life Insurance Co Ltd

TATA AIA Life Insurance is founded in 2001, is a joint venture between Tata Sons and AIA Group company. Where Tata sons hold a majority stake of 75% and AIA Group holds 25% of the venture.

TATA is a very reputed brand in India with its products varying from salt to software and AIA Group is a HongKong based group and is the largest independent pan-Asian life insurance company.

TATA AIA life insurance offers the trust and reliability that TATA provides and expertise of AIA group in Insurance, It offers various products to its customers like wealth solutions, savings, and protection.

TATA AIA life insurance has a settlement ratio of 99.07% for the year 2018-19 and has collected a premium of Rs.1488.42 Cr for the year 2017-18

8) SBI Life Insurance Co Ltd

SBI - State Bank of India. SBI Life Insurance is a joint venture between SBI Bank and BNP Parabis Cardiff was founded in 2001. where the majority stake of 74% is held by SBI and BNP Parabis Cardiff holds 24% of the venture.

SBI is an Indian PSU bank and BNP Parabis Cardiff is a French multinational bank and financial services company headquartered in Paris.

SBI life insurance is one of the most reliable life insurance companies in India, It offers a wide range of group insurance, individual insurances, Child cover, money back, investment and saving plans.

SBI life insurance has a settlement ratio of 95.03% for the year 2018-19 and has collected a premium of Rs.10966.14 Cr for the year 2017-18.

9) Exide Life Insurance Co Ltd

Exide life insurance is a fully owned subsidiary of Exide Industries founded in 2001 and is headquartered in Bangalore. Exide life insurance focused on providing long term protection and saving solution plans with a consistent bonus track record.

Exide life insurance offers a wide range of schemes at affordable rates that are categorized into saving, protection, retirement plans and investment plans.

Exide life insurance has a claim to settlement ratio of 97.03% for the year 2018-19.

10) Bajaj Allianz Life Insurance Co ltd

Bajaj Allianz life insurance is a joint venture of Bajaj Finserv and Allianz SE founded in 2001. Where Baja holds the majority stake of 74% and Allianz company holds 26%.

Bajaj Finserv is one of the most trusted brands in India is a part of the Bajaj group which has a diverse portfolio and Allianz is a german based insurance company and investment management company.

Baja Allianz life insurance is a well-known and trusted insurance company in India, It provides a wide range of products ranging from child plans to group plans and health insurance as well.

Bajaj life insurance has a claim to settlement ratio of 97.28% for the year 2018-19 and has collected a premium of Rs. 4291.14 Cr.

Key take away

Life Insurance will secure the future of your loved ones and sail through the tough times choose any of these top insurance companies to invest.

Also, read: Having a credit below 600, here are some tips to improve them easily "Click here"

Nanocred personal loan - nanocred eligibility, documents required, review

2020-04-12T14:24:00.003+05:30

Nanocred personal loan

what is nanocred? nanocred is an Instant personal loan application platform offers personal loans to young mobile users developed by P C financial services is an NBFC enrolled in RBI. Nanocred is one of the leading mobile-based lending platforms in India to cater to short-term requirements by providing personal loans with minimal paperwork.

Nanocred is providing loans to fulfill various credits needs like to pay rent or buy a new mobile or any medical emergency.

Nanocred Features

No past credit history of a person is required
Complete paperless process
A quick audit of your profile for loan eligibility
Cash will be directly credited into your account once approved.
You can take a loan at any point of the day 24X7.
Flexible loan payment options.
Immediate bank transfer after approval.

Documents required for Nanocred personal loan

Aadhar card/PAN card
Three-month salary slips statement
A selfie
Three-month bank statements

Eligibility for Nanocred personal loan

Should be an Indian citizen residing in India
Age should be in-between 21-56 years.
Monthly Income sources
A working Bank account
Android mobile with a working mobile connection.

Nanocred interest rates and Fees

Interest rates are up to 33% per annum
The processing fee varies from Rs.90 to up to Rs. 820 plus 18% GST

Example of Nanocred personal loan

If you take a loan amount of Rs.1000 for a period of 91 days. then the interest rate will be only Rs.81 and the processing fee would be Rs.236, therefore the total amount paid would be Rs.1317.

To get a loan from Cashbean "Click here"

Nanocred personal loan

Loan amount varies from Rs.1000 to up to 50,000
Interest rates vary up to 33% maximum
Loan duration varies from 91 days up to 120 days.
The processing fee is from Rs.90 to up to Rs.820
Repayment can be done by PayTm, Razorpay, Cashfree or by Bank transfer.

Steps to apply for Nanocred personal loan

Download the Nanocred App from the Play Store or from the official website.
Register your details and very your mobile number.
Select the loan amount.
After the completion, you may get a call for confirmation. The last application result will appear in the APP and you will timely get updates through SMS.
You need to confirm the loan agreement.
After the confirmation of the loan amount by customer care. The loan amount sum will be credited directly into the given bank account within 5 minutes and an SMS notice will be sent

Nanocred customer care details

Nanocred customer care number is 0120-6027801; 18005721618. You can also contact through e-mail 24x7 by help@nanocred.in

Conclusion (Personal view)

The app is a bit rusty and needs lots of improvement, features are good as they give loans to laptops, mobiles as well buy registering into it, It is very reliable and safe and has a lot of experience in Loan disbursal. This app is also owned by PC financial.

I hope you find this information regarding "Nanocred personal loan" is helpful. Feel free to share it with your friends and family if you find it helpful.

Special credits

To download the app from play store "Click here"

To download the app from the official website "Click here"

Best money management app in india for Android and Ios

2020-04-07T16:18:00.006+05:30

best money management apps in India for Android and IOS

Smartphones have made it possible to access the whole world from your hand from watching your favorites videos like movies, websites to booking a cab or order food, clothes almost anything. On average there are more than 30 apps installed on a smartphone. Mobile apps play a major role in simplifying our financial needs, be it applying for a loan, paying your bills, or even making an insurance claim.

You might have saved a lot of money by buying a smartphone instead of other devices like cameras, music players, etc but can it manage other expenses as well? As the saying goes, if a feature isn’t already built-in then definitely there is an app for it. So, of course, you can these are some of the best money manager apps in India. They are many of the best expense tracker app to save money.

MoneyFy
Walnut
FinArt
Money view
ET Money

Let us know more about these best top rated money management apps in India.

1. MoneyFy

MoneyFy has more than a million downloads and has a good rating in the play store. It is one of the top-rated money management apps. MoneyFy tracks all your expenses to categorize into groups like shopping, food, travel, and more. you can safely synchronize data from all your devices. this expense tracker app is very useful

You can add in more details manually also if you don't get SMS for your transaction.
Your Expenses Data is tracked through SMS only so your Bank details are safe.
Easy interface to use and you can manage categories that you don't use.
You will get timely reminders of bill payments and pending dues through the app.
You can add in multiple accounts as well and there is a built-in calculator

2.Walnut

Walnut is one of the top-rated money management budget apps in India with a wide variety of features to track your money and categorize in groups such as food, travel, and other expenses by the end of the month you will know every penny of your money is used. Both Android and IOS apps available.

You can get a detailed report on your expenditure at the end of the month or for the six months.
You will get timely updates on your due payments like personal loans, Credit card bill. You can directly pay credit card dues through the app
You can split bills with your friends and send in a request to pay them the money
Walnut does not record your Sensitive bank data like passwords or user ID it only accesses the SMS app to get data
You can even see Active ATM's, Stores around your locality using this app
You can get a personal loan up to 1Lakh through the app but only for premium members.

3.FinArt

FinArt is one of the best budget management apps in India. This money management app tracks your money to categorizes in groups like travel, shopping, bills, and more in the form of a Pie chart or bar charts for better understanding. This is an expense tracker app with lots of features

You can add manual transactions that you don't receive SMS.
You can set in the budget for each category for a month based on that you will get timely updates.
You will get timely reminders of your dues to be paid.
You can check your balance in various accounts like PayTm, Amazon wallet, and can also track all your subscriptions like Netflix, Amazon Prime, iTunes, and Spotify.
You can also use a private feature wherein no data will be sent to the FinArt server.

4. Money View

The Money view app is a good budget management app for all your budgetary needs it automatically tracks all your money flow and categorizes into shopping, travel bills, etc. It forms Pie charts for you to easily asses. There is also a built-in calculator.

All your transactions are safe as a pin is required to access the data.
You can also add manual transactions that you did
You can store your data in google drive or dropbox
Set timely reminders of the bills to be paid like credit cards, loans, or Salary reimbursements.
You can also get a loan up to 5 Lakhs from the Instant Personal Loan App
This wallet is very safe as it only uses your SMS to get details and does not record passwords or bank details.

5. ET Money

ET Money is one of the most popular apps around as it provides more than money management, It also provides options to invest your money into mutual funds as well. You can track and manage all your expenses in categories like ATM withdrawals, Shopping, food, etc. you can see your spending reports, daily weekly and monthly as well. Both Android and IOS apps available.

You will get updates on bill dues to be paid and timely reminders.
You can save your money from the app itself by using a 'smart deposit feature', you can invest at a time or by recurring deposits with Reliance liquid funds direct growth with a minimum deposit of Rs. 500.
You can also invest in top-rated mutual funds for free, there is a guide to invest in various schemes like tax saving, Safe funds and many more.
You can easily track your mutual fund's health through the app itself.
This wallet is very safe as it only uses your SMS to get details and does not record passwords or bank details

Also, read How to improve credit score

best credit score site in india - best credit score check

2020-04-05T22:16:00.004+05:30

best credit score site in India

What is a Credit score? A credit score is a measure of a person's ability to pay back the loaned amount he took like personal loans, home loans, Credit cards, Unsecured loans. This score is derived from your past credits taken and re-payed. This score varies from 300 to 900, the higher score means a person is loan worthy and lower credit score means he is less worthy to be provided with a loan.

What is the best site to get a free credit report? You can check the credit score for free without paying any fee from the following official websites itself that are allowed by the Indian government.

All lenders and NBFCs reply on credit reports to provide loans or credit cards to individuals. The credit bureau collects and aggregates data from its members to provide information regarding credit history and creditworthiness of an individual

In India, there are many companies that claim they provide credit scores for free but in fact, there are only four companies that are allowed to generate credit scores in India. Many websites use their interface to check credit score

These are the four major companies in India that are permitted to provide credit scores in India by the RBI.

Transunion CIBIL
Experian
CRIF High Mark
Equifax

All the four companies use similar data inputs to provide a credit score to an individual only the algorithm they use might vary in accessing each individual, they rely on the member banks and NBFCs to generate a score. Lets us know more about each of the free credit score providers in detail.

Transunion CIBIL

Transunion is an American multinational firm acquired CIBIL in 2016, CBIL is one of the most trusted credit score providers in India approved by RBI in 2000. Transunion Cibil maintains one of the largest collections of credit information in the world, It's purpose is to asses loan risk of the individual and provide credit score, cibil provides free credit score to everyone for free but if you need the complete report then you need to pay Rs. 550 without any fee, Many sites like BankBazaar, BajajFinserv, Paisabazar and so on.

Check your free cibil score from Transunion Cibil score "Click here"

Experian

Experian is an Irish consumer reporting multinational giant started its services in India 2010 to provide credit score, It is one of the 4 credit reporting companies approved by RBI. Experian has more than 1200 clients around the world and has a vast experience in data analytics. You can easily check your credit score for free but they will charge a fee for a complete report i.e Rs. 400 plus GST.
Most of the banks rely on one of these 4 companies for credit reports

Check your free credit score Experian "Click here"

Ways to get a loan for a Credit score below 600,

CRIF High Mark

The high mark was acquired by CRIF in 2014, It launched its credit bureau operations in 2010 by the approval of RBI. It manages the largest microfinance credit bureau in the world with its presence in more than 30 countries offering a wide range of financial services to clients and businesses. This is of the best sites to get your free credit score checked in India. For a complete report, you need to pay Rs. 400 plus GST.

Check your free credit score by CRIF High mark "Click here"

Equifax

Equifax is an American multinational, started its services in India from 2010 to provide credit reporting, Equifax sells credit monitoring and fraud prevention services directly to consumers. With the presence of over 24 countries. You can check credit score for free but for the complete credit report you can pay Rs. 400 plus GST.

Check your free credit score by Equifax "Click here"

Also, read How to improve your Credit score

Best peer to peer lending ( P2P) in india

2020-03-30T17:17:00.005+05:30

Best peer to peer (P2P) lending

Peer to peer lending has recently got lots of traction in India from 2016 after de-regulations from the RBI. Peer to peer lending is also called P2P in shorter terms. It has become a viable alternative to many banks to lend and borrow money.

For the Investor, he can get a higher return on investment for his money than the traditional interest rates offered by the banks and the borrower can get loans with less lead time, and even if he has a bad credit history but the interest rate is high.

What is a peer to peer platforms? Peer to Peer lending platforms has become a social marketing place where the borrower and lender both can together to meet the borrower's loan requirements. Is p2p lending safe? Is p2p lending legal in India? All the Peer to peer platforms is regulated by RBI so you can totally trust and it's legal.

Is p2p lending a good idea? Many people in India are always in need of cash but due to low credit score or lack of credit history, they can't avail big loan amounts, to solve this P2P lending came into the picture. How much money can you make with peer to peer lending? depends on the amount you invest and the interest rates offered usually the interest starts from 12%.

How do I get a p2p loan? You can sign up to any of the p2p lending platforms and after filling your details the company will access your profile and the amount you can get along with the interest rate, once you have finalized the amount you would need to sign an agreement then the cash would be deposited into your account.

What is the best p2p lending site? Which peer to peer lending is best in India? What is an example of p2p? There are many p2p lending platforms in India that offer a lot of features to protect both the borrower and the lender, before lending the money each company has its own risk assessment that varies according to that the company provides loan amount. These are some of the most popular peer to peer lending sites in India.

LenDenclub
I2Ifunding
Rupee circle
Faircent

Let us know more about these best p2p lending sites in India. legit peer to peer lending sites in India

1. LenDenclub

Leendenclub was founded in 2014, is one of the most trusted p2p sites in India. It is RBI registered NBFC company. If you are a lender you can earn up to 15% interest p.a. on the investment that you make. The default rate is 4.9% with is quite less. If you are a borrower you can avail of personal loans even if you have a low credit score, For personal loan Interest starts from 6.5 to 20.95%. Physical verification of the borrower is done before the loan is dispensed. The minimum amount that you can invest is Rs. 500

They charge a one-time registration fee of 2000 for registering. There are no prepayment charges.

2. I2Ifunding

I2Ifunding was founded in 2015 started by a group of IIM Alumni, It is registered under RBI. If you are are a lender you can earn up to 36% interest. And for the borrowers, the Interest rate starts from 12%. Physical verification of the borrower is done before the loan is dispensed. The minimum investment that you can invest in is Rs. 1000.

They charge a one-time registration fee of 500 +18% GST. They also charge 1% for the money invested.

3. Rupee circle

Rupee circle started its operations on 27th December 2018, It is started by a group of IIT alumni grads. It has won many awards and backed by Mahendra Finance and even have tie-ups with TATA-AIG to lend money. You can earn an interest rate of up to 30% for the lender. The minimum investment you can invest is Rs. 5000. If you are a borrower you can take personal loans up to 5 Laks with an interest rate starting from 12% to 36%.

There is an initial registration fee of Rs.500 along with 1% charged for the investments made.

4. Faircent

Faircent was founded in 2013, one of the first of its kind started in India. It has been awarded as the NASSCOM Emerge 50 in India. It has many well-known investors like JM financial, Muthoot Fin Corp, Aarian capital, etc. For the lender the can get an ROI of up to 12% to 28%. The minimum investment you can invest is Rs. 750. For the borrower, the personal loan interest starts from 12% to 28% and the maximum investment that you can borrow is 5Lakhs.

There is an initial onetime registration fee of 1000 for the lenders and 500 for the borrowers. There is a 1% charge for the amount you invest.
I hope you find this information regarding "best peer to peer lending in India" is helpful. Feel free to share it with your friends and family if you find it helpful

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Can you get a personal loan with a credit score under 600?

2020-03-27T15:20:00.003+05:30

Can you get a personal loan with a credit score under 600? or How to get a personal loan with a credit score of less than 600? can you get a personal loan with a credit score under 550? let us dig deeper into these questions.

Credit score or CIBIL score is both the same in India When you have a bad credit score i.e less than 600, and urgently need a loan then it would be very hard for you to get a loan. In India, the average CIBIL score expected is 750, anything below it is considered as poor, and many of the banks won't be providing you with a loan or not even consider you to provide a loan. Most of us fall under this due to some kind of unfortunate circumstances. Don't worry there are ways to get to a personal loan. Let us discuss more in this article.

Taking a secured loan
Apply for an unsecured loan with a co-signer
Approach a NBFC
Make Use of P2P (Peer to Peer) lending platforms
Chit funds
Increase your CIBIL score

These are proven ways to get a personal loan with a less CIBIL score.

1. Taking a Secured loan

You can easily avail loan If you have collateral like a house, Mutual fund, Gold or any physical asset. Many banks would be willing to provide a loan with collateral as this is less risk for the banks and the rate of interest will also be very less. They will provide loan amounts based on the collateral's value. In this case, there is no use of the CIBIL score. The loan amount you will get would be depending on the worth of collateral you are putting up.

2. Apply for an unsecured loan with a co-signer

If you don't have collateral and still want a personal loan, you can always make use of your friends, who has a high credit score or if you are married, your spouse assuming she has a higher credit score. In this case, you will get loan amount depending on the co-signer's credit score and if you default on your loan payments he will be liable. The bank can take action on that cosigner.

You can always take help from your friends and family as they would be more sympathetic and know your current situation to provide you with a loan.

3. Approach a NBFC

There are a few NBFC's in India that offer personal loans lower CIBIL score but the interest rates are high compared to many banks and the amount that they provide would vary. There are several NBFCs in India that offer personal loans like Cashbean, Indiabulls Dhani, Paysense and many more. But the main downside of these apps is that you cant decide on the loan amount, but the company allocates that amount.

If you have a good salary package then you can get a personal loan with less interest rate by keeping your salary as collateral you can obtain a loan. Companies like Bajaj Finserv extensively gives loans to salaried employees.

4. Make Use of P2P (Peer to Peer) lending platforms

After the de-regulation of RBI, P2P lending has gained a lot of traction in India. P2P lending platforms connect individuals willing to borrow and individuals who are willing to lend their excess credit that they have. Interest rates are high as the lender is taking a lot of risk in providing to the borrower as his creditworthiness is less.

Interest rates usually start from 12% and there is no cap on the amount you wish to take unless you are willing to give more interest to the lender. In India, there are some popular P2P lending sites likes Lenden, Lendbox, i2ifunding, etc. You can utilize these.

Top Peer to Peer Lending platforms in India

5. Chit funds

You heard it right, chit funds are one of the best options if you have time, With platforms like kyepot, It has become very easy to invest in chit funds online. You can invest for a couple months and then take a loan which is of lesser interest(Interest rates in chit funds is 10-15% lower). and pay off all your debts and slowly repay the loan from chit funds. This works best when having a little cash to invest in chits initially.

6. Increase your CIBIL score

If there is no urgency to take a loan then you can utilize this option as this involves you put in the time to increase your credit score. A better credit score will give you lots of options to choose loans at a better interest rate. There are some proven ways to improve the cibil score, you can read in this "Ways to improve cibil score". Increasing your CIBIL score is the option most of us should choose for as this will your profile a much-needed boost, would help you in a better job as well.

I hope you find this information regarding "Can you get a personal loan with a credit score under 600?" is helpful. Feel free to share it with your friends and family if you find it helpful

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Best future business ideas in india 2020

2020-03-24T23:12:00.002+05:30

Would you like to secure your future, then start investing your time and energy in the blockchain which will definitely yield results in the future. Blockchain is the core technology on which all the cryptocurrencies are operating on like Bitcoin, Etherum, Litecoin, etc. Blockchain creates one of the safest peer-to-peer transactions.

Nowadays blockchain isn't limited to a small circle of techies or a group of individuals but a wider group of the audience has recognized the uses of blockchain. for example, transactions through blockchain are more secure than traditional ways so many banks like DBS, Bank of England, Deutsche Bank, etc are now trying to employing blockchain technologies.

In India supreme court has lifted a ban on cryptocurrency, Legislation is yet to be implemented

There is an increased interest in blockchain technologies after the recent boom in the cryptocurrency market that made a lonesome profit to many people involved. Here are the best future business ideas in India that you can start and be future-ready.future business ideas future

Content writing for cryptocurrency blogs and magazines
Become an online trainer
Cryptocurrency exchange company
Creating a digital wallet cum trading company
Promoting blockchain products through affiliate marketing
Sell goods for cryptocurrency
Start a cryptocurrency atm/buy cryptocurrency
Microtransistion Provider
Registering blockchain/cryptocurrency domain names
Launch your own e-commerce company.

Lets us know more about the future business ideas in India 2020

1. Content writing for cryptocurrency blogs and magazines

There are many ways, you can earn by blockchain and crypto trends one of the easiest and simple ways is to write content in blogs or to any popular magazine you can earn handsomely with this method without any investment. You can even start your own blog and post content that you could monetize. Currently, the demand for information regarding bitcoin is too high but the content is limited. To become a content writer you should have a decent knowledge of crypto trends. You can even write books or review books on crypto trends like bitcoins, Etherum. etc and post in your blog.

Especially in India, there is a lot of misconception and misinformation you can easily clear this with your work. business ideas 2020future.

2. Become an online trainer

There are still lots of people, enthusiastic to learn more about blockchain technology and cryptocurrency, in fact, the entire internet is looking to crack the code of cryptocurrency so that they can get a share of profit. You can provide help and services for these people by providing information about their favorite cryptocurrency on a timely basis.

This is a low investment business with good returns, you can work from home this eliminates the establishment costs or office space costs make a living all you need to do is invest in your time to keep up to date. If you aren't unable to provide certain services you can outsource them. You can even expand your business to foreign markets as well. business ideas for Indiafuture.

3. Cryptocurrency exchange company

There is a huge demand for cryptocurrency exchange as the number of cryptocurrencies are increasing from time to time like Bitcoins, Etherum, Litecoin, Ripple, etc with the increase of cryptocurrency there will be an increase of people willing to convert their currency to real cash like dollars or INR, etc. You can provide localized service for exchanges recently bitcoins have increased their value by 1000%. BTC to USD, BTC to INR, BTC to AUD is very popular similarly you can start providing service for other currencies.

There are many companies like Binance, Coinbase offering these services, you can just replicate them and start your own with less transaction fee to gain a customer base. Exchanges you to have a license and there are lots of regulations as well to comply if you are from certain countries like India. If you are From the USA you can shift your base to the Caribbean where the regulations are not strict. If you are from Asia, you can shift your base to Singapore and start your operations in India.

In India, there is an enormous demand for crypto-exchanges and there are already a few companies providing these services like Unocoin, Giottus, etc. you can start your own fulfill the demand.business ideas in India future

4. Creating a digital wallet cum trading company

If you are using cryptocurrency then you would know how important digital wallets are, without wallets you cant store your cryptocurrency as cryptocurrency is a digital currency. Through wallets, you can receive and send money through a private key. Creating a digital wallet can be your first step into the blockchain.

You can start a trading company as well along with the wallet. which has a huge scope for growth as many people want to trade in cryptocurrencies and unlike the regular trading that happens only for a certain time Crypto trading can go on round the clock.

Many companies like Binance, Coinbase have started out like wallets and now they offer a wide variety of products like exchanges, wallets, and Day trading. In India, there are companies like Unocoin, Giottous, Wazirx, etc offer similar services.

In India, the regulations are very cumbersome you can go on with them or start in Singapore, you need to have a license to start a crypto wallet or trading or exchange company. business ideas 2030future.

To know more about the top 7 crypto-wallets in India "Click here"

5. Promoting blockchain products through affiliate marketing

There are many companies and entrepreneurs that are now accepting cryptocurrency as real money and to increase the sales they are using Affiliate marketing to sell their products. Many companies like Binance, LocalBitcoins, Coinmama, A-Ads, etc. offer Affiliate programs.

You can easily visit their website, register and be a part of their affiliate program, they will be providing a unique link whom the users should follow a unique link to the product. The company would know how many clicks they have received through and would pay a percentage of it.

You can do this without any investment if you have blogs or through social media, you can easily advertise and make a decent living out of it. In India, it's still in the starting stage you can easily make use of it.

6. Sell goods for cryptocurrency

Not many companies accept cryptocurrency as real money for their products you can fulfill this gap by providing this service and charge a fee for that. You can integrate cryptocurrency as a payment method if you are already selling goods.
In India, you can do this as it is completely legal. Unocoin is a digital cryptocurrency wallet that has convinced more than 50 merchants across Karnataka to accept BTC. And still, there is a lot of opportunities to cash in. business ideas 2030 in India

7. Start a cryptocurrency Atm/Buy cryptocurrency

There is a lot of potential for cryptocurrency atm. Just like regular atm that dispense money you can start a cryptocurrency Atm that can dispense the local currency for the cryptocurrency like BTC to INR, BTC to USD or ETH to INR. As cryptocurrency expand the demand for these kinds of ATm's will grow.

You can simply buy Cryptocurrency and hold for a period of time. If its value increases you can get good returns. Like bitcoin which was launched in 2015, its price was around 300 dollars now its price is more than 6000 dollars.

In India, there are two know cryptocurrency ATm's one is in Bangalore and in Delhi. Currently, both have abandoned their services due to regulations. The Supreme court has lifted the ban on the use of cryptocurrencies in India and the government is yet to bring in regulations there might be a silver lining in the coming months. best future business ideas for healthcare future

8. Microtransistion provider

This is similar to cryptocurrency exchange but here you can provide the service of transferring small amounts in Bitcoins like 10,000 satoshi which is around 49.5 rupees. Earlier it was close to impossible to smaller amounts of money i.e less than 70 rupees (1USD) because the cost of spending is high.
In India the 1BTC is around 5lakhs, not everyone wants to transfer this amount at a time, you can provide a service by transacting smaller amounts. Recently Blockcypher has come up with an API to transfer smaller amounts you can also create similar ones.

9. Registering blockchain/cryptocurrency domain names

As the cryptocurrency niche tends to get wider more people would be willing to buy domains related to cryptocurrency. You can buy those domain names which are highly requested and hold them and sell at a profit at the right time. You can start with Bitcoin, Etherium related domain names as these two are very popular in recent times.

10. Launch your own e-commerce company

You can launch your own E-commerce company by accepting bitcoins. As many online retailers like Amazon won't allow cryptocurrency payments you can buy gift cards from those popular sites like Amazon, Airbnb, Southern airlines, Flipkart and sell these gift cards for bitcoins at a fee. This business model is already replicated by the Purse.io company. You can start similar in your locale.
business ideas 2050

To learn more about bitcoin "Click here"

I hope you find this information regarding "Best future business ideas in India 2020" is helpful. Feel free to share it with your friends and family if you find it helpful