Bajaj Finserv

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Everything to Know about RBI Repo Rates ⋆ Tech Seek

The Reserve Bank of India in its fifth bi-monthly policy of 2019-20 FY kept the repo rate unchanged at 5.15% after 5 rate cuts. This rate is one of the vital monetary policies of the RBI, which controls other credit policies implemented by the apex bank of the country. Definition (What is Repo Rate) Repo rate is the […]

Repo rate is the rate at which the RBI lends money to financial institutions of the country. Repo, which stands for ‘repurchasing option,’ is an agreement between the central bank and borrowing financial institutions where they provide securities like treasury bills to avail overnight funds. A repurchase agreement at a predetermined price is also put in place to buy back those securities.

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What is a top-up loan: Features, benefits, and eligibility criteria?

Alongside tax exemption of up to Rs.1.5 lakh under Section 80C of the Income Tax Act on the principal amount of a home loan

Several financial experts consider a home loan to be a positive liability as the credit facility allows individuals to enhance their equity significantly. Despite that, a home loan is still a big-ticket and long-term expense that might lead borrowers to stretch their finances to the extremes. In that case, addressing any other hefty financial obligation might be a challenging prospect.

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Home Loan Under Pradhan Mantri Awas Yojana: Eligibility, Interest, Preference to Women

As per a report published in March 2020, the government has approved an investment of Rs.6.16 lakh crore under the Pradhan Mantri Awas Yoj...

One of the most popular government schemes introduced over the years, the PMAY’s scope of operations is divided into two categories – the PMAY Urban and PMAY Gramin. Among these, the former’s objective mostly includes rehabilitating slum dwellers, approving grants for individual house construction led by beneficiaries, as well as, Credit-Linked Subsidy Scheme. On the other hand, PMAY Gramin aims to provide brick and mortar housing facilities to the homeless and those living under dilapidated conditions.

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Top-Up Loan vs Personal Loan: Which one is Better? - Foolic

Several factors contribute to making a top-up on a home loan a better option to meet emergency financial needs. These are as follows.

In the last few years, there has been a marked increase in the popularity of personal loans among borrowers. Nonetheless, when it comes to choosing between a personal loan and a top-up loan on an existing home loan as a financing option, the latter takes precedence in terms of benefits offered.

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Still Thinking to Renovate Your House? - Update Latest News Business News Tips

As per a report, housing credit jumped by 9.9% during the period April – November 2019. Furthermore, in the period from November ‘18 – November ’19 growth in the home loan segment was clocked at 18.3%. The total outstanding balance in the home loan sector stood at Rs.19 lakh crore, as of December 2019. The …

Financial institutions in India offer home renovation loans in the guise of either a top-up loan or a personal advance. Both these credit facilities are void of any end-use restrictions. Since a home renovation might entail a variety of expenses ranging from purchasing home decor items to roof repairs, that feature makes those two options ideal devices to finance a renovation venture.

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How to Improve Your Credit Score Using Personal Loan Apps

We have all run into financial troubles and resorted to getting financial aid by taking personal loans. It’s pretty natural. Not only in times of financial crunches, but a personal loan can also help you a long way in tackling any immediate or planned expenses such as medical treatment, planned vacation, house renovation, etc. Getting a personal […]

Few people do not take their credit score seriously and miss out on their payments. In some cases, do not repay the full outstanding amount to the credit card companies and lenders. They choose to opt for a settlement instead without realizing that they might need a loan in the future. Doing this is extremely hazardous to the credit score. Once you get marked as a defaulter, the status sticks, and getting any sizeable loan in the future becomes extremely difficult. It is why making payments on time and keeping a good credit score is necessary for life.

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All You Need To Know About Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana eases the process to become a homeowner considerably when it comes to the financial burden of repaying a home loan.

The Government of India announced on 14th May 2020 the extension of the Credit-Linked Subsidy Scheme under the Pradhan Mantri Awas Yojana (U) by a year for MIG. Earlier, the deadline for PMAY subsidy was set at 31st March 2020 for the Middle-Income Group, which now stands at 31st March 2021, as per the government’s announcement. On the other hand, the deadline for this subsidy scheme under PMAY remains unchanged at 31st March 2022 for EWS and LIG.

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Know How You Can Check Your Status of Income Tax | Away Some Article & Blog

In a recent announcement, the Finance Ministry extended the date for filing Income Tax Return for AY 2020 – 21 to 30th November 2020. Earlier, this deadline for ITR filing was maintained on 31st July 2020. Moreover, the GOI also extended the date for issuance of Form 16, a crucial document for ITR filing, by […]

In Budget 2020, the Finance Ministry announced a new tax regime that would coexist with the previous tax regime, widening the options for eligible taxpayers. The tax liabilities as per the previous regime are –

Nil – For an annual income of up to Rs.2.5 lakh.

5% – For annual income in the range of Rs.2.5 lakh to Rs.5 lakh.

20% – For annual income ranging between Rs.5 lakh to Rs.10 lakh.

30% – For annual income above Rs.10 lakh.

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What Are The Key Benefits of a Top-up Loan? | LeadBloging

What are the key benefits of a top-up loan? benefits of a top-up home loan, attractive interest rates, additional charges and more.

Further, they can also utilise the benefit of lowered rates by opting for a home loan balance transfer and shifting their existing loan liability from one lender to another. On doing so, they will also be eligible to avail a top-up loan on their existing loan amount.

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A Guide to Home Loan Balance Transfer and How it Helps to Reduce EMI - GeeksScan

With home loan interest rates expected to plummet as a result of the latest repo rate cut announced by the RBI, borrowers stand to benefit from the move. Further, they are also looking for ways to lower the interest rates applicable to their advances. Thankfully with home loan balance transfer made available by leading financial […]

This way, one can easily avail a lower rate of interest against their home loan and consequently reduce their EMI payments. Following is an elaboration on what a balance transfer option entails and the benefits available under it.

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What the Repo Rate is and How it Impacts Home Loans

Financial institutions price home loans according to a benchmark, internal or external. To introduce transparency into the process of determining interest rates, the RBI introduced the Marginal Cost of Funds based Lending Rate (MCLR) in 201

As per the directives from the RBI, banks must link retail loans to one of four external benchmarks from 1 October 2019 onwards. In response to this move, most banks have picked the RBI repo rate as their benchmark. While Non-Banking Financial Companies (NBFCs) can continue to price home loans according to existing protocols, the competition in the market will not allow them to stay far from the rates offered by banks. Hence, the repo rate plays an indirect role in NBFC interest rates too.

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All You Need To Know About Home Top-Up Loan | Akinpedia

a home top-up loan is a type of secured loan that can be used by a homeowner to raise funds for any purpose through a process known as mortgage origination...

Top-up loans are offered by lenders to their existing home mortgage customers to back the latter’s personal or professional requirements. Availing home top-up loan does not require fulfilling any additional eligibility criteria or furnishing any new documents. Additionally, the non-requirement of further verification process also makes the loan-approval and disbursement process quick and easy.

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CIBIL credit report - Definition And Ways to Check Credit Score Online

CIBIL Credit Report Find Out What is Credit score & How to check Credit score online So You Don't Fall Behind The World Today!

Financial institutions are more likely to offer credit to individuals who pay their installments on time. CIBIL score is a parameter used to measure the creditworthiness of a borrower based on his/her past loan repayment history.

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All you need to know about top-up loans on Home Loans

All you need to know about Top up Loans on Home Loans

With easier availability of loans, you can now address your financial needs without hassle. However, some loans come with a higher rate of interest and may end up straining your finances in the long run. Hence, it’s better to opt for top up loans if you are carrying out a home loan balance transfer.

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NTR housing scheme was launched in 2016 to provide affordable houses to both urban and rural section of Andhra Pradesh. Allotment of houses under this …

Allotment of houses under this scheme began from May 2017. Krishna district was the first to receive more than 32,000 houses. Close to 36,000 houses were also sanctioned in the district of Guntur in October.

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Know What's the Minimum CIBIL Score to Get a Home Loan

Secured credits like home loans showed a 16% YoY growth rate in FY 2018. This affected the overall GDP of India in such a fashion that the percentage of home loans as a portion of GDP grew by 0.5% in the same fiscal year. This indicates that most homebuyers are availing a home loan to […]

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Bajaj Finserv Wallet- Recharges,Payments,Transfers – Apps on Google Play

Bajaj Finserv Wallet powered by Mobikwik - India’s first integrated Debit and Credit wallet for Fastest Online Recharges and Bill Payments, No Cost EMI offers on LED, mobiles and other consumer durables, Instant Loans, Payments at online and offline merchants and your own Personal expense Manager exclusively for Bajaj Finserv customers! Bajaj EMI Network Card With the Bajaj Finserv Wallet powered by Mobikwik you are empowered with our exclusive EMI network card which you can use to buy your favorite products on no cost EMI's. Just link you EMI card with you Bajaj Finserv Wallet and enjoy seamless transactions at BFL partner stores. It’s simple, it’s easy and it saves time. Get fast and easy loan approvals for “New to Credit” Customers by using consent based SMS data in a safe & secure manner on a range of products ranging from LED TVs, Refrigerators, Washing Machine & Microwaves to Smartphones, Cameras & Watches, Apparels and many more. Shop on no cost EMI at leading e-commerce companies like Flipkart and Amazon with the all new Bajaj Finserv Wallet powered by Mobikwik. Wallet Customers also have an option to avail instant Credit up to Rs.10000 in 3 seconds. Based on SMS transaction history Customers can apply for various BFL Loans like Personal loans, Home Loans, Consumer durable loans etc. We facilitate Airtel prepaid recharge, Jio, Vodafone online recharge, payments for Idea, BSNL recharge, MTNL, Aircel online recharge, idea prepaid recharge, Tata Docomo GSM, Tata Docomo CDMA, Tata Indicom & Uninor. DTH & Data Card Recharge DTH service providers like Tata Sky recharge, Airtel DTH, dish tv recharge, Reliance Big TV DTH, Videocon D2H & Sun Direct DTH Datacard recharges are available for: Tata Photon Reliance Net connect MTS Mblaze Idea Net setter JioFi Pay Utility Bills: Electricity, Gas and Water Go Cashless for electricity, Gas & Water bill payments: Make payments to electricity board: BSES Rajdhani BSES Yamuna Reliance Energy Mumbai Tata Power- Delhi and Mumbai MSEB Mumbai Chhattisgarh Electricity Board Jaipur Vidyut Vitran Nigam BEST Uttar Pradesh Power Corp. Ltd- UPPCL Make payments to Gas bills for: Indraprastha Gas Ltd. Mahanagar Gas Ltd. Gujarat Gas Company Ltd. Adani Gas Sabarmati Gas Make payments to water bills for: Delhi Jal Board Bangalore water supply Ola Cab Booking Enjoy the best fares on each Ola ride you take on the Bajaj Finserv Wallet app. The best place to book rides, be it Ola Prime, Ola Micro, Ola Mini, Ola SUV, Ola Auto, Ola Luxury or Ola Bikes. Bus Booking Book Volvo, AC comfortable bus seats on the go. Find buses, route information, ticket prices and availability of seats. What’s more: • Traffic challan, loan EMI, metro card recharge, cable TV, insurance & utility bills • Scan and use the QR code to pay at your local stores or pay for your automobile fuel at nearby petrol pumps • Redeem your PAYBACK points on the Bajaj Finserv Wallet App. Expense Manager Track, analyze and set budget for your expenses across all payment instruments from your SMS data in a safe & secure manner. Use this analysis to spend in a prudent manner using Bajaj Finserv Wallet app. Mobile Recharge & Bill Payment Bajaj Finserv Wallet app powered by Mobiwik is the best mobile recharge app that not only lets you complete your online recharges, but also allows you DTH recharge, bus ticket bookings, IRCTC bookings, prepaid, postpaid, electricity, gas bill payments, insurance payments, broadband, landline and data card bill payments. It is the most secure, simple & fastest way to recharge your mobile phone. Get all Top Ups, SMS, Data (GPRS, 2G, 3G & 4G), Local, STD, ISD, Postpaid, Vouchers & Full Talk Time recharge offers. Bajaj Finserv Wallet powered by Mobikwik is a pre-paid instrument issued by Mobikwik under co-branding arrangement with Bajaj Finance Limited, in accordance with the applicable RBI guidelines.