Loan can be a property, money or any other material goods that is given to another party for an exchange to pay the future payments of the loan amount as well as the principal amount including the finance as well as the interest charges. Loans permit growth in overall supply of money in the economy by opening up competitions by offering funds to new businesses.
When you take a financial help or borrow money during the time of need, either from any bank or a financial institution or family or friends, it is termed as ‘loan’. Loan can be taken from any financial institution such as Banks, NBFCs for a particular tenure for fulfilling your personal financial needs. There are different types of loans that are available for catering to your various financial needs such as a home loan, car loan, personal loan, education loan, business loan, etc. You may apply for a Loan in case you need urgent financial need. These financial emergencies can be; medical emergencies, education financial needs, money required for wedding, to initiate a business or for renovating or buying a home. Simply put, loans aid in any monetary assistance in emergency.
Insurance companies offer an inclusive range of term insurance plans in order to fulfill the requirement. Read the basic types of term insurance plans available in the Indian market.
Read about 4 common life insurance myths in india to discover the facts and secure your family's financial future with the best life insurance policy.
If you think your claim has been unfairly treated, Check the options you get once your claim is rejected.
If you've decided to buy a life insurance policy, Here are 7 Things to Know Before Paying Life Insurance Premium
In this blog post, we shall discuss some important questions every insured need to ask their agent advisor before fixing the right choice for themselves and their family members.
Endowment Policy - Endowment plans are one of the best types of life insurance policies. Know more about Endowment Types and Benefits.