Personal loans are gaining fast popularity in India’s lending market. This easy-to-avail credit facility has gained momentum for its unique features such as no end-usage restrictions, instant approval, zero-collateral, and many more. However, you need an indicative tool that determines your loan eligibility and your monthly payable instalments. Hence, you can use an eligibility calculator and EMI calculator to determine these factors.

How to Calculate The Loan Eligibility?

Before applying for a personal loan, determine your eligibility in the following manner –

1. Put your city, date of birth, your monthly income and expenses in the personal loan eligibility calculator.
2. Once these fields are selected, the tool will show a loan amount you are eligible for.
3. You can now apply for that same amount or less and get it approved online.

After determining the loan amount eligibility, you need to calculate your fixed monthly payment to clear off the outstanding loan amount. It is calculated via your lender's EMI calculator.

How to Determine your EMIs?
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If you opt for a personal loan online and want to determine your EMI amounts, follow these steps –

1. Enter your required loan amount, your chosen tenor and the applicable rate of interest.
2. You can also use the slider for EMI calculation.
3. Once all the data is inserted, the EMI calculator will depict your loan EMI payable every month.

However, you must know that this EMI amount also includes the payable interest amount on your overall sanctioned credit. Hence, it is advised to use another financial tool – APR calculator, to determine the actual cost of a loan.

Performing such calculations before applying for a personal loan can help accurately plan your finances to benefit the most from the credit. Refer to leading lenders such as Bajaj Finserv to enjoy further repayment-friendly features.

A personal loan for a wedding is the solution to your financial crisis that restricts you from making your day of marriage extra special. Availing these loans can also be beneficial if you are hosting a destination wedding. These loans can also provide the funds needed for an exotic honeymoon.

You need to keep the following points in mind before you apply for a wedding loan –

1. Your Credit Score
You need to have a minimal CIBIL score of 750 to successfully avail these loans with the best terms and benefits. Hence, you must check your credit score before applying. Applying with a low CIBIL score can cause the lender to reject your application.

2. Approval and Disbursal Time
The approval and disbursal time are critical as the time required for you to avail the funds depends on it.

Leading NBFCs can approve wedding loan in 5 minutes. These companies can disburse the funds to your loan account within 24 hours.

3. Rate of Interest
The rate of interest determines your cost of loan or the total amount that you have to repay. Hence, compare the lenders and check the interest rates carefully.

4. Charges
There are various charges associated with a personal loan for a wedding, like –

• Processing fees
• Secure fee
• Statement charges
• Penal interest
• Cheque bounce charges
• Part-prepayment charges
• Foreclosure charges

You may be subject to pay additional charges. Hence, make sure to check these before you apply.

5. Part-Prepayment Process

Check the process of part-prepayment before you apply. Usually, part-prepayment is when you pay more than one month’s EMI. The payment goes towards your outstanding loan principal. Part-prepaying your loan can either lower your EMIs or reduce the tenor.

It is recommended to part-prepay your personal loan for wedding whenever you have the necessary funds to save on interest.

Keep these above points in mind before you apply for a wedding loan. Doing so can help you avail the loan faster.

As per a recent survey, India has ranked among the most prominent medical tourism destinations across the globe. In 2018, medical tourism in India was valued at Rs. 3.6 Billion approximately. It is expected to touch an all-time high of Rs. 9 Billion by the year 2022. This exponential growth is due to the availability of the best healthcare services for patients. 
From studies, it has been evident that almost 59% of foreign tourists have opted for yoga, and approximately 11% of patient engagement has been in naturopathy treatment. ​

Factors impacting medical tourism
India's medical tourism industry is growing at a rapid pace of 31% every year. Here are some of the factors that are attracting medical tourists –

• Lower expenses 

Offering quality healthcare services at budget prices – most treatment costs in the country are as low as 1/10th of that in the US or UK. Besides, the implementation of revolutionary technology likes Lybrate for doctors has made healthcare treatment efficient and cost-effective.  
This high-end treatment facility has brought down the gap between patients and doctors in the country. Patients now can avail prompt services through telemedicine. 

• Use of practice management software 

Introduction of applications like mHealth and Lybrate have influenced the growth of medical tourism in the nation. These applications not only eliminate the chances of human error but also automatically tracks and keep records of:

• Patients’ reports. 
• Medical prescriptions. 
• The audio-visual briefing, etc.

Furthermore, the steady growth of skilled doctors has also led to the mushrooming growth of medical tourism in India.  
What medical tourism has in store for the future?
Medical tourism has a promising future in the country as it is turning India into a global medical treatment hotspot. So, if you are looking to invest, do not forget to look through a handy guide for doctors on medical tourism.    

A Personal Loan is an unsecured loan that assists the aspirant to fund the personal and professional requirements. The loans are accessible at very affordable interest rates and flexible tenors. However, to avail this personal loan at a lower interest rate the loan applicants must have a stable source of income and a good credit score, qualifications. Most lenders do not offer a personal loan beyond 50% of the monthly income. In case you fall under a low-income bracket, a few lenders might still offer you a loan considering your future income potential and good credit scores. A few eligibility criteria through which lenders measure the personal loan eligibility these criteria include age, income, CIBIL score, Employment Stability, etc.

Requisite Documents to Apply For a Personal Loan

• KYC documents of the proprietor, such as Aadhar card, driving license and voter ID.
• Employee ID of the applicant
• Salary slips of the past two months
• Bank statement of the salary account of last 3-4 months or bank passbook of last 6 months
• Address proof
• A completely filled form with the passport size photograph
• Eligibility criteria
• Age of the candidate must range from 23 to 55 years
• Applicant must be a resident citizen of India
• Minimum earning of the aspirant must be Rs.10000.
• Job experience minimum of 2 years
• For self-employed individuals, lenders require a minimum turnover of Rs.35 lakhs.
• A credit score of at least 720 is considered good.

Several banks and NBFCs offer personal loan even with low-income bracket. You must compare the offers of all leading vendors and choose the one that best fits your requirements.

Car is not a luxury anymore and thus more and more people are planning to buy the same. In order to save money, people generally opt for pre-owned cars; however, if they don’t have enough money to purchase the same then they can simply turn towards the used car loan and purchase the pre-owned car with ease. There are several lenders who provide you with the facility of the second-hand car at reasonable interest rates. Let’s find out some details about used car loan and important ways to avail the same.

What is Used Car Loan?
A used car loan is nothing but unsecured funding for which you don’t have to submit any collateral. It is a kind of personal loan which is offered as per your creditworthiness and lender’s eligibility terms and conditions. 

Eligibility Terms and Conditions For The Used Car Loan
Before applying for the used car loan, it is advised to go through the eligibility terms and conditions and check whether you are satisfying the same or not. 

• The applicant must be the citizen of India
• He/ She should be employed with any private or public limited company or with MNC.
• The age of the applicant must be in between 23 – 55 years. 

Important Documents To Be Submitted 
In order to get the used car loan, you’ll just have to apply for the same and submit a few documents such as: 

• Previous 2 months salary slip
• KYC Documents
• Employee ID
• Salaried bank account’s last 3 months statement

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​Pradhan Mantri of India has come up with a helping hand to the residents of India to help them own their dream home. Pradhan Mantri Yojana is a scheme launched to offer subsidy over the interest charged on the home loan. For this, an individual has to meet certain eligibility criteria and need to apply for the home loan from the reliable bank or non-banking financial companies. Bajaj Finserv offers the best home loan and provides assurance on availing interest amount benefit under this scheme once you meet eligibility criteria. 

This scheme provides an interest subsidy between 3% to 4% on the total loan for a home for the lower and middle-income segment people. Before you apply for this scheme, it is necessary to be clear on the process, different subsidies offered and other factors to avail it. 

The Process to Avail Home Loan Interest Subsidy Under PMAY Scheme

​Pradhan Mantri Yojana comes up with a simple application process. Once you have decided on a home to purchase, submit the documents like declaration form, Aadhaar card, PAN card, income proof along with the property document that you wish to purchase. It is best to check if the lender has an MoU with the NHB or HUDCO. Just download the application form available over the official website of Pradhan Mantri Awas Yojana website. Complete the form and submit at the relevant nearest office or can apply online. 

Once the home loan is approved by the lender and disbursed, the lender will claim the subsidy from the NHB and that will be credited into your loan account.

​Additional Read: ​What Essential Things to Know About PMAY?

Whether you are buying a new house or constructing a new one for yourself, a home loan serves to be an important financial tool that can help in ensuring emergency funding for your urgent expenses. There are several banks as well as financial institutions that offer the ease of applying for a home loan while getting the same approved within 24 hours. When you are applying for the home loan from some reliable loan service provider, you must also be aware of the respective EMI that you are expected to pay. For determining the same, you can make use of a reliable home loan calculator from a professional provider like Bajaj Finserv for ultimate convenience.

Some of the common factors that tend to affect the overall EMIs for your home loan are:

• Changes in the interest rate of the home loan tend to affect the EMIs. 
• Changes in the overall tenure of the home loan can also impact the EMI as loan tenure, and EMIs are inversely proportional to each other
• In case of the pre-payment of the home loan amount, the EMI might vary significantly

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By knowing about the essential factors that might impact the EMI for your home loan, you can make the most of your loan benefits.

Ref. URL: ​Factors that can Impact on your Home Loan EMIs

That said, you have to make sure your property is strategically located in Indore - close enough to attract students looking for rental homes, far enough to be classified as “affordable”. So, you have to choose the localities very wisely. Taking that into consideration, below are some of the best areas in Indore where you can buy a house.

1. Pipliyahana
2. Super Corridor
3. Talawali Chanda

Some other fast developing localities around Indore are:
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- Mardana,
- AB Bypass Road,
- Mahalaxmi Nagar,
- Kanadia road and
- Khandwa road

Bottom line: Since buying a home is unimaginable without using a home loan for most of us, it would be a good idea to check your eligibility for home loan in Indore. So, do that before processing with your plans of buying a home in Indore.

Also Read: ​Best Residential Places to Invest in Indore

The 2019 DDA housing scheme helps the aspiring customers to own properties via an online running scheme on the basis of first come first serve, making housing affordable since its inception in the year 1955. 
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If you wish to apply for availing this facility you need to fulfil the criteria given below:

1. The candidate must be a citizen of India.
2. He/She must be over 18 years of age at the time of application.
3. The candidate must not own any residential property in a lease in an area such as Delhi, New Delhi, and Delhi Cantonment. None of his dependents and spouse should own any property in these said areas.
4. PAN number of the candidate must be registered under the guidelines of the Income Tax department.

The highlight of the DDA housing scheme is that it comes without any income criteria. It is a golden opportunity for the applicants as it will be based solely on their requirements and affordability.

Once the applicant ensures the correct property, a fee of Rs. 15,000 is required to be paid. As soon as the payment is completed the keys are handed over to the customers.

The new scheme allows that within 90 days from the date of the issue of Demand-cum-Allotment letter the applicant must deposit the money. If under any circumstances, the applicant is unable to make the payment then the property can be reallocated to others. Thus, it is very much advised to secure the finances before applying.
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This scheme is initiated to provide affordable housing to those who wish to live in Delhi-Metropolitan area and create happy memories with their loved ones.
it.

Read: ​First Come First Serve – DDA Housing Scheme 2019

Pradhan Mantri Awas Yojana was introduced by Government of India helping people to avail a home loan and get the interest subsidy. Moreover, the plan is also to build as much as affordable homes for the weaker section and lower income group. The plan is to offer a home to more than in 2022. In India, buying or building a home is everyone's dreams, which very few can fulfill. This is why the concept of home loan is introduced to help home buyers in buying home and also not facing much of the burden. People usually go heavy EMI loan that creates a burden for a long period of time. However, the weaker section people cannot go for the loan purpose to buy a home.
Launched in 2015, Pradhan Mantri Awas Yojna was introduced to offer Credit Linked Subsidy Scheme (CLSS). There is a process on how PM can be availed by people-

Applying For The Loan-
This is the first step while availing the interest subsidy under the PMAY scheme. There are National Housing Bank (NHB) and Housing and Urban Development Corporation (HUDCO).

Loan Approval-
The lending service providers will scrutinize your application and forward it to HUDCO or NHB for the final approval.

Credit of The Subsidy- Once your home loan application is approved, the amount is credited to your account with the interest subsidy.​​