Posts

Cheap and Best Web Hosting Service in India - Hosting Raja

Image
Best and the number one Indian web hosting service provider in 2022 depending upon their performance, good uptime, best customer service, and value for money service is Hosting Raja. Hosting Raja  is the cheap and best web hosting service provider in India. They  understand that small businesses need a low-cost plan, that's why they have affordable price web hosting service for customers in India. Also, they have lit up 1 million small businesses in India. They are one of the best hosting service providers in India. Disclaimer: This article contains affiliate links where I may receive a small commission at no cost to you if you choose to purchase a plan from a link on this page. Starting a blog is not very difficult. For starting the blog seriously you should take paid  WordPress hosting from the best hosting service providing company. Select your plan Hosting Raja the best web hosting service provider that gives free SSL, free domain, 1-click WordPress install, and go...

Income Tax Benefits on Home Loan India

Image
If you have an on-going home loan or have taken a home loan recently, then there are certain tax benefits you can avail on the equated monthly instalments (EMIs) paid. There are additional tax benefits that were announced in previous budgets that are still applicable for FY 2020-21. Do keep in mind that for the current financial year, an individual can continue to opt for the old tax regime and claim tax exemptions such as HRA and various deductions under sections 80C, 80D etc. The individual also has the option to opt for the new tax regime which offers lower tax rate without any tax exemptions and deductions. If you have two houses and your second house is empty or occupied by your parents, then interest paid on home loan taken for the second house will also be covered under section 24. Do keep in mind that the total deduction available on the interest paid on home loan for both the houses should not exceed Rs 2 lakh in a financial year. Soni says, "In case of Let out property, ...

Retail loan reaches 40 lakh crore, banks worry about default

Image
C ovid-19 caused great turmoil in the personal and professional lives of the people.  They had to take a loan to fulfill their responsibilities and they got stuck in it badly.  Retail loan means loan taken by common people has reached the level of 40 lakh crore rupees.  With this, the NPA of banks (loans for which principal or interest is not repaid for 90 days) is also increasing.  The maximum risk of default is in education loans, but this problem is not present today.  Personal loans have the lowest risk, but the reason is moratorium. Highest loan home, portfolio of Rs 21,78,422 crore Let us see which loan burden is most on the common people.  According to the country's largest credit bureau CRIF High Mark, people have taken the maximum loan home of Rs 21,78,422 crore.  This figure is of 31 October 2020.  This was followed by personal loan (Rs 5,36,035 crore), auto loan (4,26,506 crore), gold loan (3,37,860 crore), credit card (1,62,003 crore),...

4 Government Banks including Central Bank will be private - Process will start in 6 months

Image
The government has chosen 4 government banks to form private banks.  Of this, 3 banks are small.  There is a big bank.  The three small banks are Bank of Maharashtra, Indian Overseas Bank and Central Bank.  While the big bank is - Bank of India.  It will take 5-6 months to start the process of privatization. The government had said to sell a share in 2 banks in the  budget, the government had  said to sell a share in 2 banks in the  budget, but the Modi government is in favor of running only a few big state-run banks in the country.  The major public sector banks in the country are State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and Canara Bank.  Out of the total 23 state-owned banks, several banks have been merged with larger banks.  It also includes Dena Bank, Corporation Bank, Allahabad Bank and Syndicate Bank. However, political parties have been spared from making public sector banks into private banks, as...

If you are changing jobs frequently, you will not get a personal loan

Image
People usually take personal loans when they need money.  But getting this loan is also not easy.  Banks or non-banking financial companies (NBFCs) take into consideration many things about an applicant before lending to any person.  If none of these are correct then your application may be rejected.  We are telling you about 5 such things on which your loan approval depends. CIBIL score must be good CIBIL score shows the credit history of a person.  In the case of personal loans, the banks definitely check the applicant's CIBIL score.  The credit score is determined by several specific credit profiling companies.  In this, it is seen that you have taken a loan before or have used credit card etc.  The credit score of any person is reflected in the repayment history, the ratio of credit usage, the timely payment of existing loans and bills.  This score is in the range of 300-900, but the score of 700 or more is considered by the lenders to be...

CIBIL: Credit Score & Report - How is CIBIL Score calculated?

Image
CIBIL Score in India is a three digit number. CIBIL score range lies between 300 to 900, which signifies the creditworthiness of an individual based on his credit profile and past repayment track record. All four credit scoring agencies in India; CIBIL, Experian, Equifax and Highmark use their proprietary calculations and algorithms to estimate your best credit score. Banks check CIBIL score before taking a decision to sanction you a loan. Hence, a Good CIBIL Score is one of the most important factors that can help you get the best loan at cheapest rates. What is CIBIL Score? There is no good or bad score. Lenders tend to be little apprehensive in granting loans to borrowers with scores less than 700 for secured loans such as home loans. Banks in India tend to target customers with CIBIL score more than 750 or above for unsecured loans like personal loans. Get an estimated impact of CIBIL score range from 300 to 900 on your credit health. CIBIL Score Range What It May Mean For Your Cre...