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How to lead a debt-free life?

Living with outstanding dues has become the new normal. If you can manage to come out of the pile successfully, you can easily stand above the rest. We all dream of reaching such a financial stage. Surprisingly, releasing the stress of debts depends on your willpower and determination. If you make up your mind to pay off the Loan debts and work consistently towards your goals, then reaching this stage is not impossible.

Things to look out for in the Personal Loan agreement

One of the popular financial services offered by banks and other financial institutes are Personal Loans. You can apply them for varied reasons and repay them in easy and affordable instalments. Most lenders enable you to apply for them online, and the funds get disbursed into the account instantly. But when borrowers apply for the loan online, they do not read the essential clauses in the agreement.

So, the following are the most important clauses you should watch out for:

Which Are The Schemes Linked To PMAY?

Affordable housing is a major concern in a developing country like India. The increasing population is unable to cope with the space crunch in villages or cities. Moreover, the increased migration of the rural population to cities is increasing the number of slum dwellers. The outcome leads to frequent water shortages, power cuts, unhygienic conditions, and a decline in the overall living standards.

What are the characteristics of NRI Home Loans?

There is a rise in the number of Indians moving abroad. When this stay goes beyond a year, they become non-resident Indians. But the ties with their home country remains. It involves financial responsibilities and other aspirations. Like many individuals, you get to do it quickly if you want to own a house in the resident country.

Banks provide financial aid known as an NRI Home Loan. It is specially meant for you if you stay overseas. The application process works like that of residents. But the other features are unique:

Tips to ensure timely Home Loan EMI repayment

Banks offer credit to fund buying a house. It is known as a Home Loan. It is financial assistance provided for interest on the principal amount. The total of which gets recovered in equated monthly instalments. These are fixed intervals that allow you to repay a portion every month. It is to provide flexibility. However, missing out on the EMI affects your credit score and loan burden.

What are the benefits of online banking?

Over the years, online banking has radically transformed and has influenced the life of many around the world. Also called digital or internet banking is an automated expense arrangement wherein clients of a particular bank can operate all their banking services such as open Bank Account online. In other words, online banking means all financial transactions done digitally. From making invoices and transferring funds into accounts to applying for loans, you maximise these benefits.

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