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.
Health Insurance and Life Insurance are both meant to cover the insured against an unfortunate event. To know more about how is life insurance and health insurance different.
We all know how unpredictable life is,one of those harsh realities of life.Read on the reasons why you must not delay to buy a term insurance and should therefore buy when young.
Term Insurance Premium Calculator - The Term plan calculator gives you the most attractive term insurance plan, here are some lesser known facts about the term plan premium calculator
Its better to know the technicality of the language used in the Car insurance policy that will ensue. Here is a list of a Car insurance technical terms.
Health Insurance Myths - Know more about popular Myths and misconception around Health Insurance and clear your doubts about Health Insurance which might deter one from taking an insurance.
Health insurance cover - Learn everything about an opd cover as an add on to your health insurance plan. Also understand the key features of health insurance with opd coverage