After you complete your IPCC examination, you have to take a three years CA articleship training under a practicing CA as a part of your course. Students are given an option to quit from the CA articleship training for the last year and work as an employee under a practicing CA.
This training provides experience and trains you to deal with real time projects and enhances your quality. This experience can help you while you set up your CA firm and will also assist you in dealing with several problems. Thus, it is mandatory for you to undergo the CA articleship training for 2 to 3 years. Read on to know how to enrol yourself for such training.
With the availability of several advances like a loan for chartered accountants, India has witnessed a handful number of CA firms. Thus, a student undergoing CA courses should never refrain from the articleship training as it will assist them in gaining experience and having a successful career ahead.
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 –
How to Determine your EMIs?
If you opt for a personal loan online and want to determine your EMI amounts, follow these steps –
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.
There are various charges associated with a personal loan for a wedding, like –
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 –
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.
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.
Among the most effective processes to cut on cost and reduce waste, lean manufacturing has helped increase efficiency as well as profit. However, companies involved in Lean manufacture of products face challenges too.
4 toughest challenges faced by Lean manufacturing companies
Hence, businesses operating with lean principles can implement programs to upskill their employees to build a successful manufacturing business.
The implementation of this process thus requires substantial investment. As most of the companies adopting lean manufacturing principles face funding challenges, optimisation becomes an issue.
It may again be a result of the workforce not being skilled enough to understand and implement the lean concept into the manufacturing or production line.
Hence, while up-skilling and installing efficient technology are the challenges in implementing these business ideas in India, companies can meet their funding requirements for such implementations by availing business loan from reputed lenders. Proper implementation of lean manufacturing principles is vital for business growth irrespective of their size.
An Emergency loan is the type of personal loan which will provide the cash to the candidate at emergency situations they are also known as short term loans. Most people generally need this loan to cover unexpected payments like a medical emergency. Here are a few things to keep in mind:
Emergency loan is a convenient personal loan that can be used to fulfill medical emergency expenses.
The process of applying and availing the loan is hassle-free and easy. Personal loans, in general, are easy to get based on lender’s criteria which includes a good credit score. If you meet the eligibility criteria of the lenders, the loan can be applied for and availed with ease.
Most personal loans for medical emergencies do not have any prespecified limitations on usage. With a personal loan for a medical emergency, you can use the amount for any medical expenses, including the needs you might have apart from the hospital bill.
The verification process for a Emergency loan is short and does not need you to submit any medical documents. Quick and easy verification takes nearly half the time compared to any traditional loans.
Medical emergency loans are sanctioned within one or two working days but the loan applicant needs to pay the debt back within a small time frame. Hence you must choose a lender that offers the loan at most competitive rates and with ease of repayment.
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
Must Read: How To Get Personal Loan With a Low Salary?
If you wish to look for a loan, it is best to understand the tools used for it and other factors that influence it. With the advent of technology and the use of the internet, an online personal loan has emerged as the best way to meet the short term financial needs. People definitely get confused due to a few myths. Before you get to avail such loan, understand them and disregard them. Here are some common myths that are common in India.
Applying for a loan can take a lot of time: Normal loan definitely takes a lot of time due to paperwork and processing. With the help of an online personal loan, application and documents can be submitted within a few minutes and get the loan approved within a few minutes. Bajaj Finserv approves the loan within 5 minutes as per an individual requirement.
A personal loan is unaffordable: This is an unsecured loan that is available at a high-interest rate. This is a myth as an individual with good credit score can avail low-interest rate loan and it can be negotiated to lower the EMI’s and interest rate.
Payment will attract penalties: Online personal loan definitely comes up with additional charges like part-prepayments, foreclosure, penalties, etc. A good lender definitely charges zero fees or penalties in different situations.
Loan application gets rejected in bad credit score: Now with an increasing number of lenders in the market, people easily get the loan approved even in a low credit score. These are some common myths that no longer misled people as an individual can get a loan to accomplish financial goals.
Must Read: 5 MYTHS ABOUT ONLINE PERSONAL LOAN
There are two approaches to applying for a personal loan. One is determining the loan amount by considering the purpose of the loan application, and two is by forecasting your EMI. There are several advantages of choosing the latter bottom-up approach, which is why every lender offers an EMI calculator for personal loan on their website. Some of the benefits are as follows:
1. Choose an appropriate loan amount and tenure
You have the advantage of choosing a flexible tenure and affordable loan amount once you calculate the EMI you can comfortable with.
2. Determine your debt-to-income ratio
You can determine the fraction of your monthly income that will go towards servicing all types of debts. You can create a new budget in tandem with the fresh loan if you know your ratio.
3. Plan and execute financial goals seamlessly
You can create and execute a financial goal effectively if you know how large your EMI is. For example, you may realize that you will have to decrease the cost of home renovations you were planning.
4. Be aware of the financial commitments every month
The EMI calculatore for Personal loan displays details (such as EMI and total interest payment) which will impact your budget in a fraction of seconds.
5. Aid in choosing the lender wisely
The calculator can help you compare the personal loan interest rates and EMIs provided by every lender and hence choose the best one.
Make sure to use the EMI calculator to the fullest to calculate the loan structure before applying for the personal loan.
Uncertainty in life often throws you in adverse situations for which you are not prepared. At such times, you may require immediate financial assistance to overcome the emergency. This is when an instant personal loan can help you out.
Personal loans are gaining popularity for quite a few reasons. These are unsecured advances which you can avail from financial institutions to meet your financial needs instantly. A personal loan is not backed by a collateral, further making them easier to avail.
Ways How an Instant Personal Loan Can Help You Meet Your Financial Needs
Unforeseen Medical Emergencies
Emergencies like these can be easily met via a quick personal loan. Healthcare expenses might be on the higher side and to cover up such huge expenses, utilising instant loans proves to be of great help.
Pay Off Outstanding Credit Card Debts
If you wish to settle an outstanding card bill, a personal loan can be beneficial. Credit card defaults attract higher interest rates in comparison to a personal loan. Thus, paying off a personal loan will prove to be profitable rather than delaying credit card repayments.
Clear all your existing debts using such unsecured advances and pay only the personal loan EMIs duly over the tenor at lower interest rates.
Home Renovation Projects
Borrowers can use a personal loan to complete their home renovation. If they do not have cash in hand, then an instant loan suffices their purpose.
Many individuals postpone their holidays owing to lack of sufficient funds. However, if you avail a personal loan for travel, you can easily book your flights and travel to your preferred destination without hassles.
So, if you wish to make the most of an instant personal loan, try opting for lenders who provide affordable interest rates and require minimal documentation and simple eligibility criteria to fulfill.
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.
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:
Jamaica, the name itself mesmerises you and spending a holiday in the Caribbean island is a sheer joy. Jamaica is famous for its gorgeous beaches, waterfalls and several other attractions. You will be highly relaxed and will also get lip smacking food will make you feel out of the world. All these will make your Jamaican holiday a memorable one.
If you are planning to visit this island country and are worried about the costs, then you should look for the travel loan offered by NBFCs. This will not only make your dream come true but also ease your financial stress and you can enjoy your holiday without compromising on the quality. Some of the places to visit in Jamaica are:
Now you know about the places to visit in Jamaica, you should also know that Norman Manley International airport, Kingston and Sangster International airport, Montego Bay are the major international airports that has direct flights with easy accessibility. You can hire coaches, taxis, car rentals, buses, etc. to travel around the country. When you are taking taxis, you should know about the fares in advance. Most of the hospitals, doctor’s offices, businesses post a dress code and it should be strictly adhered to else you will not be provided with the entrance.
Go for the travel loan today and enjoy your holiday in this lovely Caribbean island!
A personal loan is a lucrative financial tool that you can make use of when you need financial assistance urgently. Whether you are looking forward to ensuring effective savings or paying back a debt, buying something new for your home, funding a wedding, or any other such personal expenses, a lucrative personal loan scheme might help you out. When you wish to ensure the best for your personal loan application, it is recommended to know about the personal loan eligibility criteria at the same time. Nowadays, you can even apply for personal loan online for maximum convenience.
There are certain factors that affect your ease of approval of the personal loan application. You might receive a personal loan rejection or denial only if a certain point of eligibility criteria might not suffice. Therefore, it is recommended to go through the personal loan eligibility criteria in depth before applying for the same. Here are some additional tips:
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?
With expenses always on the rise, it might be difficult to gather funds for higher studies until and unless you win a lottery. To make things easy there are various loan schemes to support you. One such helping hand is education loan for abroad studies to cater to your educational needs.
A personal loan covers all costs like tuition fees, books, hostel accommodation, travelling etc.
With the number of students on the rise and their growing ambition, families wish to send their children to education abroad for a better prospect. Whether abroad or India, Personal loan for higher studies helps you to fulfil your dreams and fly high.
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:
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
Indore is the most developed city of Madhya Pradesh. The city is known for a lot of things including the name change it went. Earlier, the city was known as Indrapur but under the Maratha period, the name was changed to "indur" which eventually transformed to Indore. Now, people buying a home here have a special advantage - the city is home to some of the first IIT and IIM. Thus, a lot of people who appear for JEE, AIEEE and other entrance exams have these reputed institutes on top of their list. So, even if you don’t actually have plans to reside in the flat you’re buying in Indore, you can still earn a hefty return by putting it on rent.
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.
Some other fast developing localities around Indore are:
- 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
A personal loan is a loan of convenience that you can use to fund a range of requirements without pledging any collateral. You can avail personal loan to fund vacations, home renovation, wedding expenses, and more. That said, approval for a personal loan requires the applicants’ to possess a decent, up to the mark credit score. A CIBIL score is a three digit number ranging between 0 to 900; and would be in a good state if you have a flaw-less credit history i.e. you have paid all dues on time, you never missed an EMI, your credit utilization ratio is below 40%, etc.
However, if you have a bad credit score i.e. you’re a credit defaulter, you might find it difficult to get approved for the said loan. Yet, there are still chances of you getting approved for a personal loan if you follow the below shared steps.
Travelling is fun, especially when you have your family members as a travel companion. The trip, even if you don’t do much, would become one of your best memories which you would forever rejoice. However, if you are travelling alone or with your friends, the best way to make it worth it is by exploring the place as much as you can, try the local cuisine and get involved and become a part of the local culture.
Talking about travel, Jamaica is the new hot destination for summer trip. The country, a Caribbean island nation, has a lush topography of mountains, rainforests and reef-lined beaches. You know about top places in Jamaica within your budget through travel finance. The country is famous for breathtaking beaches, tropical warm weather, the mouth-watering delicacies, Dancehall street dances or live Reggae shows, Rafting and other adventure sports, and some of the world's best athletes such as Usain Bolts and of course the entire West-Indies cricket team.
Now, everything from applying for a VISA to booking cheap accommodations there is pretty easy and you won’t find it difficult. The strenuous task is planning the itinerary and budget. With so much to travel, it is not possible to plan a trip to Jamaica with a fixed budget. You never know you would spot a new thing and you would have to miss out the opportunity just because your budget won’t allow it. Hence, whenever you’re planning a trip to Jamaica or any other country outside India, always keep your budget flexible and take travel loan if necessary. A travel loan would entitle you with finances necessary to plan a memorable trip to Jamaica.
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.
If you wish to apply for availing this facility you need to fulfil the criteria given below:
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.
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.
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).
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.
A personal loan is an unsecured one and therefore, you do not need to surrender any security or collateral. If you have the necessary creditworthiness for instance employment history, strong CIBIL score, and repayment, you can get the loan approval. But, Personal Loan Interest Rates are on a higher side to cover a lender’s risk of defaults. Personal Loan Interest Rates are usually higher as they are unsecured and a borrower does not require offering any collateral. While applying for a personal loan, you may encounter two types, for instance, reducing rates and fixed rates.
Hence, when applying for a personal loan to cover your requirements, you should know about these interest rates.
Must Read: A Quick Insight Into Reducing and Flat Personal Loan Interest Rates
Personal loans are quite handy and essential for us. However, there are various factors that are checked in India before you can apply for a personal loan such as income, age, nature of the job, and of course, a good credit score. It is highly important to check your eligibility before you actually apply for a personal loan. A personal loan eligibility calculator helps in knowing if you are able to apply or you need to make some improvements.
This method can avoid rejection as you’ll be able to bring the changes that are needed. However, the minimum age to apply for a personal loan is 18 years while some may also consider people only more than 22 years of age.
Advantages Of Online Personal Loan EMI Calculator
Personal loan is a credit scheme which requires potential applicants to possess a good credit score along with a good credit history. Now, credit score and history is subject to change only if you have enough credits on your name or had in the past. People who never took a loan or have very few of them are likely to have zero or poor credit score. Collectively, all of them can be categorised as individuals with bad credit score.
It’s not bad to have a bad credit score since it is definitely not the end of the world. But, if you want to get approved for a personal loan and that too at a good interest rate, you’ll need to have your figures beyond 750. The figure shared is the standard and anyone having less than that as credit score is sure to have a tough time getting approved. That said, it is not that they can’t avail a loan. Even people with a bad credit score can get easily approved for a personal loan with low credit score if they follow the below shared tips.
Applying and availing a personal loan has always been easy for people with good credit score, applicants with a bad score always faced troubles while doing the same thing. However, the same won’t happen anymore! Personal loan with bad CIBIL will now be able to get quick approved loan, and that too at a decent interest rate on personal loan.
How? If you have the same question, below are some key tips you need to follow.
Must Read: Five Ways You Can Bag Personal Loan Despite Low CIBIL Score