A mortgage can be identified by the fact it has what is known as a ‘charge’ against that property. A charge is a legal document held at the land registry and identifies who has a legal claim against your property. Most of us who are still paying the mortgage for our own homes have a ‘first’ charge against the property, and this charge is held by the company who lent you the money to buy the house. It is possible to have 2nd and 3rd charges against a property, and in respect of your own home this may be the case where you have taken out a secured loan. (for example to raise capital to buy a business, or build an extension on your house).
A commercial mortgage differs in another way to a personal mortgage in the fact that the cost or interest charged is at a commercial rate. In laymans terms this means it is higher. This is to reflect the fact of a greater underlying risk in a building being used for the purpose of making a profit, and may be adjusted higher or lower depending upon the kind of business operating from it.
Also to reflect the greater lending risk associated with commercial buildings, the amount of deposit your business will have to put down will be considerably higher than those allowed for a private dwelling. It is not uncommon that 25 to 50% be advanced as deposit. This can of course add up to a considerable sum when you consider that commercial mortgages tend to be higher in value than home mortgages (but not always).
The term of a commercial mortgage will generally be between 20 and 25 years.
Before your business can obtain a commercial mortgage, you will have to give details of the location and structural condition backed up by a report from a Chartered surveyor. The surveyor will also determine the sales value as is, and this will form the basis of any offer for finance. Surveyors reports are quite expensive, but well worth the money, as their report will highlight issues in respect of condition that may need addressing. Often, you will be able to use the findings of a surveyors report to negotiate on price.
You will be required to submit accounts for the last 3 years, and demonstrate the ability of your business to repay the loan before you are granted a mortgage.
Tuesday, August 31, 2010
Thursday, August 26, 2010
General Procedure of Availing a Car Loan
People generally wear a very worried look at the time of financing their first car. The basic reason behind their apprehension is the lack of knowledge about auto loans. The process of getting an auto loan is normally quite simple and if you partner with the right dealership and lending agency, you can drive home your dream car the very same day you go test driving in it. The basic purpose of providing an auto loan is that they must be the easiest option available for the people without ready cash.
Prior to meeting up with the lending agency, you must determine the type of car you wish to buy. The auto loan providers usually ask for details about the make and model of the car you have in mind. They use this data to determine if the car you are planning to purchase is worth their financial assistance. In other words, will it be a financially viable option for them to give you that loan amount.
Along with the car details, you may also be asked for your personal information like name, phone number, mailing address, e-mail id, date of birth, financial statements, your SSN number/tax payer id number etc. Once you have provided all these details to the lending agency, they do a comprehensive credit check with your details. You stand great chance of availing attractive interest rates if your credit history is impeccable.
In case your credit history is not worth bragging about and it is marred by quite a few defaults, don't worry since it's not the end of the auto loan world. There are several auto loan providers in the market who can readily provide you with bad credit (yeah, we know the term doesn't sound good, but that's what it is) loans, although at little high interest rates.
Regardless of the issues with your credit rating, you'll definitely hear back from the auto loan provider and they'll let you know the exact approved loan amount, the rate of interest, the down payment required, the loan duration and the other terms and conditions.
Prior to meeting up with the lending agency, you must determine the type of car you wish to buy. The auto loan providers usually ask for details about the make and model of the car you have in mind. They use this data to determine if the car you are planning to purchase is worth their financial assistance. In other words, will it be a financially viable option for them to give you that loan amount.
Along with the car details, you may also be asked for your personal information like name, phone number, mailing address, e-mail id, date of birth, financial statements, your SSN number/tax payer id number etc. Once you have provided all these details to the lending agency, they do a comprehensive credit check with your details. You stand great chance of availing attractive interest rates if your credit history is impeccable.
In case your credit history is not worth bragging about and it is marred by quite a few defaults, don't worry since it's not the end of the auto loan world. There are several auto loan providers in the market who can readily provide you with bad credit (yeah, we know the term doesn't sound good, but that's what it is) loans, although at little high interest rates.
Regardless of the issues with your credit rating, you'll definitely hear back from the auto loan provider and they'll let you know the exact approved loan amount, the rate of interest, the down payment required, the loan duration and the other terms and conditions.
Tuesday, August 24, 2010
Health Insurance and Diabetes
Between March 2003 and June 2004, the American Diabetes Association (ADA) and researchers at Georgetown University's Health Policy Institute completed a project that examined through individual case studies the availability, affordability, and adequacy of health insurance for people with diabetes.Over the course of the project, caseworkers and researchers took calls from 851 people who contacted the ADA national call center (1-800-DIABETES) because they had health insurance problems.
The majority of cases studied involved problems with private health insurance because this is how most nonelderly Americans obtain health coverage. Some problems related to public coverage were also studied, however. Calls were accepted from people who were younger than age 65 and who were either uninsured, transitionally insured with coverage that was about to end, or insured with other problems. Information about people and their insurance circumstances was recorded in a database. Callers were also asked whether they would be willing to share their stories, and two-thirds said yes.
The focus of this project was on diabetes because the condition is so prevalent, and health insurance is essential to managing diabetes effectively. The U.S. faces an epidemic of diabetes, a disease in which elevated blood glucose levels damage nerve endings and blood vessels, leading to serious health complications including blindness, kidney failure, heart attack, and stroke. Today, an estimated 18 million Americans have diabetes, and 1 million more are diagnosed each year.
Diabetes can be effectively managed, but medical care and supplies needed to monitor and control blood glucose levels are expensive. Numerous scientific studies have found that health insurance problems make it harder for people to manage their diabetes, often with devastating consequences. Just the routine costs of managing diabetes (to test and control blood glucose levels) can reach hundreds of dollars per month Uninsured adults with diabetes are far less likely to receive needed care and effectively manage their disease, and those with health insurance have difficulty obtaining needed care when coverage is inadequate.
The stories featured here are consistent with these findings and demonstrate what can happen to people who are sick when their health coverage breaks down. Case studies of health insurance problems do not present a complete picture of the health coverage system. However, just as automobile safety experts study data from car crashes for clues about how to make the roads safer, examining the health insurance problems of people with diabetes yields important clues about how to make coverage work better when it is needed most.
Project staff worked with callers to try to resolve their health insurance problems using available resources under federal and state law. Options under employer-based coverage, individually purchased insurance, and public programs were explored. The vast majority of problems could not be resolved because there are not enough safeguards to guarantee available, affordable, adequate health coverage for all people in the United States, regardless of their circumstances. In some cases, people had tried so long without success to find health coverage that they finally gave up on the system altogether. Convinced they would never be able to find affordable, adequate health insurance, these discouraged uninsured individuals no longer sought insurance coverage, but instead only charity care.
Sunday, August 22, 2010
Low Interest on Home Loans
Owning a home is perhaps the biggest and most important dream of an average Indian family.
A home loan is taken by an individual, usually for constructing a home. Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be coowners. This may or may not include the land. Usually, the home will be kept a security or collateral by the lender till the loan amount is fully paid by the person who takes the loan. As it is a secured loan on the home, usually the interest rate will be low and can be over a longer loan repayment period.
A "home loan" is a credit to a consumer for the purchase or transformation of the private immovable property he owns or aims to acquire, secured either by a mortgage on immovable property or by a surety commonly used in a Member State for that purpose.
A home loan requires you to pledge your home as the lender's security for repayment of your loan. The lender agrees to hold the title or deed to your property until you have paid back your loan plus interest.
In a home loan, you can opt for a flat interest rate or a floating one.
A home loan is taken by an individual, usually for constructing a home. Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be coowners. This may or may not include the land. Usually, the home will be kept a security or collateral by the lender till the loan amount is fully paid by the person who takes the loan. As it is a secured loan on the home, usually the interest rate will be low and can be over a longer loan repayment period.
A "home loan" is a credit to a consumer for the purchase or transformation of the private immovable property he owns or aims to acquire, secured either by a mortgage on immovable property or by a surety commonly used in a Member State for that purpose.
A home loan requires you to pledge your home as the lender's security for repayment of your loan. The lender agrees to hold the title or deed to your property until you have paid back your loan plus interest.
In a home loan, you can opt for a flat interest rate or a floating one.
Save money on car loans
Tapping the equity in your home may well be the best way to lower your interest payments when financing a car. Both a home equity line of credit (HELOC) and a home equity loan often provide lower rates than traditional car loans because they are secured against the value of your home. The interest on home-equity credit is also usually tax deductible if you itemize it on your federal tax return. Consult a tax advisor about your particular situation.
Of the two choices, a HELOC often has the lowest initial interest rate but, because its rate is variable, it can leave you vulnerable to the possibility of increased payments should rates rise. It’s therefore often considered more suitable for car loans of 36 months or less. For loans over 36 months, a fixed-rate home equity loan that has a guaranteed rate for its entire term may be a better choice.
It’s important, however, before choosing to secure your vehicle loan against your home, to understand the risks involved with this type of financing. Because you are using your home as collateral, you must have the discipline to make all the necessary payments on time or you could end up in a position of having to sell your home.
Of the two choices, a HELOC often has the lowest initial interest rate but, because its rate is variable, it can leave you vulnerable to the possibility of increased payments should rates rise. It’s therefore often considered more suitable for car loans of 36 months or less. For loans over 36 months, a fixed-rate home equity loan that has a guaranteed rate for its entire term may be a better choice.
It’s important, however, before choosing to secure your vehicle loan against your home, to understand the risks involved with this type of financing. Because you are using your home as collateral, you must have the discipline to make all the necessary payments on time or you could end up in a position of having to sell your home.
Be careful of zero interest loans
Although no interest car loans sound attractive, they may not be your best bet, particularly if you’re giving up a substantial rebate in return. Let’s say you’re buying a car for $16,000 and can pay zero interest for 36 months through the dealer or receive a $2,000 rebate. The monthly payment on a $16,000 purchase at zero interest is $444.44. However, if you take the rebate and finance through a bank at 5 percent, your monthly payment comes to $419.59. You save $24.85 a month, or $894.60 over three years.Saturday, August 21, 2010
Negotiate car Loans
In the market for a car? In a perfect world, you’d walk into the dealership with a briefcase full of cash (OK, a check would do, too) and purchase your new set of wheels right then and there. In the real world, of course, most folks find saving that much money next to impossible — and head to the bank or dealership’s financing arm to get a loan.
The good news is, there are ways to lower your borrowing costs. Here are five:
1. Make sure your credit is in good standing
Before ever setting foot in a dealership, you’ll want to make sure that your credit is in good health. Your auto loan interest rate is going to be heavily dependent on your credit score. First, order a free credit report from a federally-mandated website that offers you three free credit reports annually.
Check your credit report for any errors or red flags. Tidy things up, pay down your credit-card balances as much as you can, and dispute anything that looks incorrect or suspicious. After sprucing up your credit, pay the small fee to get your credit score. Having your credit score on hand will allow you to get more accurate quotes and potentially negotiate your rate later on in the process. If your credit score is low (under 640), you may have some work to do before you consider getting a new vehicle.
2. Shop around at local banks and credit unions
You may not have to look further than your local bank or credit union for the best auto loan rate. Credit unions, in particular, tend to have very low rates as they are non-profit financial cooperatives that re-distribute earnings through member benefits (such as lower interest rates on loans). You may be able to find the auto loan rates clearly listed on the bank or credit union’s website. If not, calling for a quote should not take more than a few minutes.
3. Compare rates at national lenders
Armed with your local rates, do some quick comparisons at the national level.
4. Negotiate with the lender who has the lowest rate
Even though you’ve compared a good number of lenders by this stage and found the one with the lowest rate, that offer may not be their best you can get. If your credit score is in the high 700s or even 800 or more, you may be able to negotiate an even lower rate. Even if you don’t, it doesn’t hurt to try. If you don’t have a checking or savings account with the lender, offer to create one if they lower the rate for you.
5. Negotiate with the Dealer
Now that you have the best quote in hand, you can start your vehicle shopping. Be on the lookout for special promotions. Occasionally, you will see automakers run 0% or other very low-interest financing offers. Just make sure that the low rate offer isn’t offset by loading up on additional fees up front.
Before talking financing with the dealer, you should always come to agreement on pricing terms of the purchase. Don’t give them the opportunity to dangle a low interest offer as a reason for not negotiating on price.
Often, dealers get commissions on auto loans, so they may be flexible in the rate that they can offer you. If that can’t measurably beat your lowest-rate quote, go with the lender instead.
The good news is, there are ways to lower your borrowing costs. Here are five:
1. Make sure your credit is in good standing
Before ever setting foot in a dealership, you’ll want to make sure that your credit is in good health. Your auto loan interest rate is going to be heavily dependent on your credit score. First, order a free credit report from a federally-mandated website that offers you three free credit reports annually.
Check your credit report for any errors or red flags. Tidy things up, pay down your credit-card balances as much as you can, and dispute anything that looks incorrect or suspicious. After sprucing up your credit, pay the small fee to get your credit score. Having your credit score on hand will allow you to get more accurate quotes and potentially negotiate your rate later on in the process. If your credit score is low (under 640), you may have some work to do before you consider getting a new vehicle.
2. Shop around at local banks and credit unions
You may not have to look further than your local bank or credit union for the best auto loan rate. Credit unions, in particular, tend to have very low rates as they are non-profit financial cooperatives that re-distribute earnings through member benefits (such as lower interest rates on loans). You may be able to find the auto loan rates clearly listed on the bank or credit union’s website. If not, calling for a quote should not take more than a few minutes.
3. Compare rates at national lenders
Armed with your local rates, do some quick comparisons at the national level.
4. Negotiate with the lender who has the lowest rate
Even though you’ve compared a good number of lenders by this stage and found the one with the lowest rate, that offer may not be their best you can get. If your credit score is in the high 700s or even 800 or more, you may be able to negotiate an even lower rate. Even if you don’t, it doesn’t hurt to try. If you don’t have a checking or savings account with the lender, offer to create one if they lower the rate for you.
5. Negotiate with the Dealer
Now that you have the best quote in hand, you can start your vehicle shopping. Be on the lookout for special promotions. Occasionally, you will see automakers run 0% or other very low-interest financing offers. Just make sure that the low rate offer isn’t offset by loading up on additional fees up front.
Before talking financing with the dealer, you should always come to agreement on pricing terms of the purchase. Don’t give them the opportunity to dangle a low interest offer as a reason for not negotiating on price.
Often, dealers get commissions on auto loans, so they may be flexible in the rate that they can offer you. If that can’t measurably beat your lowest-rate quote, go with the lender instead.
Thursday, August 19, 2010
Loan for Fertility Treatments
Developing breast cancer at a younger age—in a woman’s 40s, 30s, even 20s—will mean making important and difficult decisions about one’s life and future perhaps much sooner than originally expected.
One concern is developing breast cancer during pregnancy, which although rare, can still occur. In this case, the treatment chosen will not only affect the patient and her body, but the growing baby inside her as well. It will depend on what state of pregnancy she is in (first, second or third trimester) and what stage her cancer is in—such as whether or not it’s advanced. Click here if you need this info about dog crate.
Most pregnant can have treatment for their breast cancer without affecting the baby. But some might be advised by their obstetrician or health-care practitioner—or even decide themselves—to terminate the pregnancy, more so if the pregnancy is in its earlier stages, in order to receive certain treatments that would be too risky otherwise. But it is essential to remember that it is a woman’s own decision—it is not medically necessary to terminate a pregnancy if the mother is diagnosed with breast cancer. All it does is limit treatment options. Breast cancer itself will not affect the fetus—only certain tests and treatments will.
Generally speaking, tamoxifen, chemotherapy, radiation, and other drug-related therapies are avoided if the woman is pregnant because of their associated risks with birth defects. Tamoxifen, especially, is considered very unsafe because it is a hormonal therapy and is never recommended if the woman is pregnant or planning on conceiving.
Surgery—either a lumpectomy or mastectomy—is the most common and preferred method of treatment for breast cancer in pregnant women.
Another concern is whether or not breast cancer survivors can or should go on to have children after treatment and recovery. It’s a very controversial issue with firm advocates on both sides of the debate.
There are two main questions here, for both the medical and health community and breast cancer survivors wanting their own children: 1) Do certain breast cancer treatments affect fertility?; and 2) Is it actually considered safe to conceive and carry a baby to term following breast cancer and breast cancer treatments?
As far as fertility goes, there is no definite answer here. For chemotherapy, it depends on the age and what specific drug was used—some affect fertility more than others. And taking tamoxifen after chemotherapy to prevent recurrence is not recommended if the woman desires to become pregnant right away. Although tamoxifen is sometimes used as a fertility treatment there is evidence to suggest that it damages developing embryos, and therefore is not considered safe to use.
One concern is developing breast cancer during pregnancy, which although rare, can still occur. In this case, the treatment chosen will not only affect the patient and her body, but the growing baby inside her as well. It will depend on what state of pregnancy she is in (first, second or third trimester) and what stage her cancer is in—such as whether or not it’s advanced. Click here if you need this info about dog crate.
Most pregnant can have treatment for their breast cancer without affecting the baby. But some might be advised by their obstetrician or health-care practitioner—or even decide themselves—to terminate the pregnancy, more so if the pregnancy is in its earlier stages, in order to receive certain treatments that would be too risky otherwise. But it is essential to remember that it is a woman’s own decision—it is not medically necessary to terminate a pregnancy if the mother is diagnosed with breast cancer. All it does is limit treatment options. Breast cancer itself will not affect the fetus—only certain tests and treatments will.
Generally speaking, tamoxifen, chemotherapy, radiation, and other drug-related therapies are avoided if the woman is pregnant because of their associated risks with birth defects. Tamoxifen, especially, is considered very unsafe because it is a hormonal therapy and is never recommended if the woman is pregnant or planning on conceiving.
Surgery—either a lumpectomy or mastectomy—is the most common and preferred method of treatment for breast cancer in pregnant women.
Another concern is whether or not breast cancer survivors can or should go on to have children after treatment and recovery. It’s a very controversial issue with firm advocates on both sides of the debate.
There are two main questions here, for both the medical and health community and breast cancer survivors wanting their own children: 1) Do certain breast cancer treatments affect fertility?; and 2) Is it actually considered safe to conceive and carry a baby to term following breast cancer and breast cancer treatments?
As far as fertility goes, there is no definite answer here. For chemotherapy, it depends on the age and what specific drug was used—some affect fertility more than others. And taking tamoxifen after chemotherapy to prevent recurrence is not recommended if the woman desires to become pregnant right away. Although tamoxifen is sometimes used as a fertility treatment there is evidence to suggest that it damages developing embryos, and therefore is not considered safe to use.
Fertility Loans
Many couples considering infertility or IVF treatments are often faced with a tough question: how are we going to pay for this? Most health insurance policies do not cover these treatments - unless you live in a state with mandated coverage, and work for a large employer. Many couples don't have that kind of cash, so they borrow money to fund the treatments - sometimes paying high fees. A common employee benefit program not only provides an interest free loan, it also cuts the cost of infertility treatments by 1/3 or more.
Most health insurance policies do not cover the cost of infertility treatments such as IVF and others. Fifteen states mandate varying degrees of coverage, and these mandates apply only to companies employing fifty or more employees. That leaves couples living in the thirty five other states, and those working for small employers with no coverage for these treatments.
IVF and other infertility treatments can cost $20,000 and upwards depending upon the procedure and the number of cycles they need to undergo. Many couples don't have the savings set aside to pay these fees upfront, so they seek out loans that allow them to pay over time - with interest.
A Healthcare Flexible Spending Account allows you to get an interest free loan from their employer, and cut your infertility costs by one third or more. For example, you could elect to contribute $10,000 into a flex account. The full amount of the election is available to be spent on qualifying expenses on the first day of the new plan year. Infertility treatments such as IVF are qualifying expenses. Schedule your infertility procedure for the beginning of your employer's flex plan year. Your employer funds the full $10,000 election, and you now have fifty two weeks to pay back your interest free loan!
But that's not all. You will be paying back your loan with pre-tax dollars, which may cut your costs by one third or more. If you are in the 25% federal income tax bracket, and paying FICA taxes of 7.65% your total savings is 32.65%. Savings may be higher for people in higher tax brackets, or those living in states with an income tax.
Most health insurance policies do not cover the cost of infertility treatments such as IVF and others. Fifteen states mandate varying degrees of coverage, and these mandates apply only to companies employing fifty or more employees. That leaves couples living in the thirty five other states, and those working for small employers with no coverage for these treatments.
IVF and other infertility treatments can cost $20,000 and upwards depending upon the procedure and the number of cycles they need to undergo. Many couples don't have the savings set aside to pay these fees upfront, so they seek out loans that allow them to pay over time - with interest.
A Healthcare Flexible Spending Account allows you to get an interest free loan from their employer, and cut your infertility costs by one third or more. For example, you could elect to contribute $10,000 into a flex account. The full amount of the election is available to be spent on qualifying expenses on the first day of the new plan year. Infertility treatments such as IVF are qualifying expenses. Schedule your infertility procedure for the beginning of your employer's flex plan year. Your employer funds the full $10,000 election, and you now have fifty two weeks to pay back your interest free loan!
But that's not all. You will be paying back your loan with pre-tax dollars, which may cut your costs by one third or more. If you are in the 25% federal income tax bracket, and paying FICA taxes of 7.65% your total savings is 32.65%. Savings may be higher for people in higher tax brackets, or those living in states with an income tax.
Wednesday, August 18, 2010
Raw land loans
Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that can be used as collateral, and it is often considered speculative.
For those reasons mentioned we find that sellers are often our first choice regarding financing. It is typical for a seller of raw land to accept 10 percent down and the rest to be paid over time at a specified (below market) interest rate. This would be an example of an installment land contract. Other forms are contract for deed, mortgage and note and purchase money mortgages. In these cases, a real estate attorney usually drafts these contracts and a bank will act as an escrow agent to facilitate verifiable records of payments received. The seller often retains the deed until the property is paid for in full.
If you want to investigate bank financing, then you may start out by offering 30 percent down with a seven-year mortgage, with the bank getting an extra percentage point over and above the current interest rates for standard loans. This may not be accepted, but it does give you a starting point to see just what they may be willing to do.
If you plan on building on your land, then having a development plan with an appraised set of blue prints for the project will help the lender in justifying your loan. If you can use equity from other property, then paying substantial down payments may also be an option.
Final words of caution here are to know values and don’t overpay. Always offer less when possible and research recent sales of comparable properties. The larger a parcel is, the cheaper it tends to get per acre. Ask an agent what an acre of land tends to go for in the area that you are considering; try to buy more than one acre.
When buying residential lots, builders try to keep raw land costs down to 10 percent of the overall value of the project. If streets and utilities are already in place, then they will use 25 percent as their guideline. If you can combine or assemble parcels or achieve zoning changes with property, you have a good chance of immediately increasing its value.
Always physically inspect the property and do your research before obligating yourself to buy it. And try using contracts with contingencies put in to protect yourself. In essence, these are really options that let you control the deal while you investigate and research the land’s potential to satisfy your objectives. Happy Hunting and buy the high grounds!
For those reasons mentioned we find that sellers are often our first choice regarding financing. It is typical for a seller of raw land to accept 10 percent down and the rest to be paid over time at a specified (below market) interest rate. This would be an example of an installment land contract. Other forms are contract for deed, mortgage and note and purchase money mortgages. In these cases, a real estate attorney usually drafts these contracts and a bank will act as an escrow agent to facilitate verifiable records of payments received. The seller often retains the deed until the property is paid for in full.
If you want to investigate bank financing, then you may start out by offering 30 percent down with a seven-year mortgage, with the bank getting an extra percentage point over and above the current interest rates for standard loans. This may not be accepted, but it does give you a starting point to see just what they may be willing to do.
If you plan on building on your land, then having a development plan with an appraised set of blue prints for the project will help the lender in justifying your loan. If you can use equity from other property, then paying substantial down payments may also be an option.
Final words of caution here are to know values and don’t overpay. Always offer less when possible and research recent sales of comparable properties. The larger a parcel is, the cheaper it tends to get per acre. Ask an agent what an acre of land tends to go for in the area that you are considering; try to buy more than one acre.
When buying residential lots, builders try to keep raw land costs down to 10 percent of the overall value of the project. If streets and utilities are already in place, then they will use 25 percent as their guideline. If you can combine or assemble parcels or achieve zoning changes with property, you have a good chance of immediately increasing its value.
Always physically inspect the property and do your research before obligating yourself to buy it. And try using contracts with contingencies put in to protect yourself. In essence, these are really options that let you control the deal while you investigate and research the land’s potential to satisfy your objectives. Happy Hunting and buy the high grounds!
Study in London
Students apply in the UK universities as they get a range of opportunities, besides a high degree of specialization and standardization. But, several bright ones get left out of the race because they can’t afford it. Despair no more if you can’t source the funds yourself. There are several other ways to get there: sponsorship, education loans and scholarships.Getting an education loan sanctioned from a bank is not difficult today. That’s why, a degree from abroad is not confined to the kith and kin of the nawabs. So, if you thought that going abroad was a Mission Impossible, then you are in for a pleasant surprise. With generous aid schemes and loans the number of students going abroad is also rising exponentially.
An education loan is a form of financial support from any bank or financial institution that enable a student for Study in UK. A comprehensive educational loan scheme was framed with the consultation of Government of India with reserve bank of India and Indian bankers association. Availability of the education loan, at the appropriate time will help millions of deserving bright young Indians to achieve their dreams come true. All graduation, post-graduation and professional courses from foreign universities are eligible for a loan. One can get loans up to Rs.15 lakh for studies abroad. These figures are not stable in nature for banks. State bank of India is availing an upper limit of 20 lakhs and in recent days. Indian bank has upgraded its maximum limit to 15 lakhs for education in India and 25 lakhs for abroad studies.
Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family’s assets and annual income, the nature of the course and reputation of the institute. In most banks for loans up to Rs. 4 lakh no collateral or margin is required and the interest rate will not exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank. Some banks offer lower rates to women students or those from specified institutions. Security to the loan depends on the amount. Security is some form of investment (i.e. bank deposits, house property etc) that is surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 lakes. Instead of security, some bank may ask for a third party guarantee (guarantor) for higher loan amounts. There is no need to repay the loan while studying. The repayment starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.
All the details given below will change time to time and students are advised to get right information from the banks concerned.
Eligibility
The eligibility criteria of the bank to obtain an educational loan from any bank of India: -
Salient Features
The loan would cover fee payable to:
(However this may vary from bank to bank)
Documents
You need to keep the following documents in place before applying for an educational loan:
If the course cost is up to 4 lakhs, nil for both studies in India and abroad. If the course cost is above 4 lakhs, 5% for inland studies and 15% for studies abroad.
Security
Banks have the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank. Loan up to INR 4 lakhs.No collateral security. Loan above INR 4 lakhs and up to INR 7.5 lakhs. Security in the form of Satisfactory third party guarantee.Loan above INR 7.5 lakhs.(a) Collateral security of suitable
(b) Co-obligation of parents/guardians/third Party along with assignment of future Income of the student for payment of Installments.
Rate of interest
The rate of interest is 10.75 % up to INR 4 lakhs and it does not exceed the Prime Lending Rates (PLR). For a loan above INR 4 lakhs, the interest rate is 11.75 % and it will not exceed PLR plus 1 percent. However, the rate of interest is subject to changes as per the specifications of RBI or the concerned bank.
Repayment holiday
Loans are repayable in 5 to 7 years. Repayment of both principal and interest will start after one year after completion of the course or six months after getting employment, whichever is earlier. Interest will be charged on simple basis during the period of study / moratorium period. At the commencement of repayment, the accrued interest is added to the principal amount and Equated Monthly Installments (EMIs) fixed on total outstanding amount. After commencement of repayment, the benefit of simple interest would be discontinued.
Processing fee
Most of the Indian banks do not charge any processing fee or upfront charges. The State Bank of India accepts a deposit of INR 5000 for education loan for studies abroad, which is adjusted in the margin money.
Credit delivery
You can avail the loan from the branch nearest to the place of your permanent domicile.
Disbursement
The loan is sanctioned as per delegation of powers preferably by the branch nearest to the place of domicile. No application for educational loan received is rejected without the concurrence of the next higher authority.
The loan is disbursed in stages as per the requirement/demand directly to the institutions/vendors of books/equipments/ instruments to the extent possible.
An education loan is a form of financial support from any bank or financial institution that enable a student for Study in UK. A comprehensive educational loan scheme was framed with the consultation of Government of India with reserve bank of India and Indian bankers association. Availability of the education loan, at the appropriate time will help millions of deserving bright young Indians to achieve their dreams come true. All graduation, post-graduation and professional courses from foreign universities are eligible for a loan. One can get loans up to Rs.15 lakh for studies abroad. These figures are not stable in nature for banks. State bank of India is availing an upper limit of 20 lakhs and in recent days. Indian bank has upgraded its maximum limit to 15 lakhs for education in India and 25 lakhs for abroad studies.
Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family’s assets and annual income, the nature of the course and reputation of the institute. In most banks for loans up to Rs. 4 lakh no collateral or margin is required and the interest rate will not exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank. Some banks offer lower rates to women students or those from specified institutions. Security to the loan depends on the amount. Security is some form of investment (i.e. bank deposits, house property etc) that is surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 lakes. Instead of security, some bank may ask for a third party guarantee (guarantor) for higher loan amounts. There is no need to repay the loan while studying. The repayment starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.
All the details given below will change time to time and students are advised to get right information from the banks concerned.
Eligibility
The eligibility criteria of the bank to obtain an educational loan from any bank of India: -
- The student who is seeking for educational loan should be Indian national
- The student should have secured admission to foreign university/institution
Salient Features
The loan would cover fee payable to:
(However this may vary from bank to bank)
- Institution Fee
- Hostel Fee
- Examination Fee
- Library and Laboratory Fee
- Purchases of Books
- Equipment and Instruments
- Caution or Refundable Deposit
Documents
You need to keep the following documents in place before applying for an educational loan:
- Mark sheets of the last qualifying examination for school and graduate studies in India.
- Proof of admission to the course.
- Scheduling of expenses to the course.
- Copies of letter confirming the scholarship.
- Copies of foreign exchange permit, if applicable.
- Two passport size photographs.
- Bank statement for the last six months of the borrower.
- Income tax assessment order not more than two years.
- Brief statements of assets and liabilities of the borrower.
- If you are not an existing bank customer you would need to establish your identity and give proof of residence.
If the course cost is up to 4 lakhs, nil for both studies in India and abroad. If the course cost is above 4 lakhs, 5% for inland studies and 15% for studies abroad.
Security
Banks have the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank. Loan up to INR 4 lakhs.No collateral security. Loan above INR 4 lakhs and up to INR 7.5 lakhs. Security in the form of Satisfactory third party guarantee.Loan above INR 7.5 lakhs.(a) Collateral security of suitable
(b) Co-obligation of parents/guardians/third Party along with assignment of future Income of the student for payment of Installments.
Rate of interest
The rate of interest is 10.75 % up to INR 4 lakhs and it does not exceed the Prime Lending Rates (PLR). For a loan above INR 4 lakhs, the interest rate is 11.75 % and it will not exceed PLR plus 1 percent. However, the rate of interest is subject to changes as per the specifications of RBI or the concerned bank.
Repayment holiday
Loans are repayable in 5 to 7 years. Repayment of both principal and interest will start after one year after completion of the course or six months after getting employment, whichever is earlier. Interest will be charged on simple basis during the period of study / moratorium period. At the commencement of repayment, the accrued interest is added to the principal amount and Equated Monthly Installments (EMIs) fixed on total outstanding amount. After commencement of repayment, the benefit of simple interest would be discontinued.
Processing fee
Most of the Indian banks do not charge any processing fee or upfront charges. The State Bank of India accepts a deposit of INR 5000 for education loan for studies abroad, which is adjusted in the margin money.
Credit delivery
You can avail the loan from the branch nearest to the place of your permanent domicile.
Disbursement
The loan is sanctioned as per delegation of powers preferably by the branch nearest to the place of domicile. No application for educational loan received is rejected without the concurrence of the next higher authority.
The loan is disbursed in stages as per the requirement/demand directly to the institutions/vendors of books/equipments/ instruments to the extent possible.
Forex
Those wishing to invest their cash, for a profit, should continue to checkout Forex Facet for plenty of info on the simplest way to leap right into the foreign exchange market.
FX makes reference to ‘foreign exchange’ market ; this is the forex trading market that large banks and investment firms use to exchange trillions of dollars with one another daily. Its feasible to make a profit by exchanging your currency on the marketplace for foreign currency and making the trade back when the foreign currency is worth much more compared to the foreign currency you traded for. You will find plenty of info about the forex market. The site details the fundamentals of getting started in the currency markets for as little as $25, and offers a simple way to enroll for the foreign exchange trading platform this site has a link to.
We provide articles that are complete and detailed on reasons to trade currency exchange rather than stocks, broker registries, a day in the life of the currency exchange trader and even a starter course to currency trading. Have the need to make your cash work for you, rather than you working for it? There are masses of methods to invest your money and sure some are less dangerous, but there’s not the maximum amount of an opportunity to make profit in a really short period of time. The currency market trades 24 hours a day that means there’s a load more opportunity for making trades than on the exchange.
FX makes reference to ‘foreign exchange’ market ; this is the forex trading market that large banks and investment firms use to exchange trillions of dollars with one another daily. Its feasible to make a profit by exchanging your currency on the marketplace for foreign currency and making the trade back when the foreign currency is worth much more compared to the foreign currency you traded for. You will find plenty of info about the forex market. The site details the fundamentals of getting started in the currency markets for as little as $25, and offers a simple way to enroll for the foreign exchange trading platform this site has a link to.
We provide articles that are complete and detailed on reasons to trade currency exchange rather than stocks, broker registries, a day in the life of the currency exchange trader and even a starter course to currency trading. Have the need to make your cash work for you, rather than you working for it? There are masses of methods to invest your money and sure some are less dangerous, but there’s not the maximum amount of an opportunity to make profit in a really short period of time. The currency market trades 24 hours a day that means there’s a load more opportunity for making trades than on the exchange.
Health Insurance
Please note the difference between premiums and claims for advances even though these two concepts in the Health Insurance Act interrelate.
Insurance means all year round as the amount charged in the annual accounts of insurance, which depends primarily on the level of real income (tax base), made taxable premiums for the relevant period, which is the calendar year in which the premium paid in the form of advances for insurance premiums.
Prepayments of insurance premiums are only amounts remitted advance premium for each calendar month, which (under certain conditions laid down by law) set off in the annual accounts of insurance.
Prepayments of insurance premiums (the advances) are required to calculate, pay and pay:
a) staff
b) self-employed (self)
c) the employer;
d) the person called.
e) State
The employee (and employer) is calculated and the employer pays advances.
and called self-employed person. voluntarily unemployed are calculated in advance and are subject to insurance themselves.
For questions about paying premiums,in the price of a local call on weekdays from 8.00 to 18.00.
Insurance means all year round as the amount charged in the annual accounts of insurance, which depends primarily on the level of real income (tax base), made taxable premiums for the relevant period, which is the calendar year in which the premium paid in the form of advances for insurance premiums.
Prepayments of insurance premiums are only amounts remitted advance premium for each calendar month, which (under certain conditions laid down by law) set off in the annual accounts of insurance.
Prepayments of insurance premiums (the advances) are required to calculate, pay and pay:
a) staff
b) self-employed (self)
c) the employer;
d) the person called.
e) State
The employee (and employer) is calculated and the employer pays advances.
and called self-employed person. voluntarily unemployed are calculated in advance and are subject to insurance themselves.
For questions about paying premiums,in the price of a local call on weekdays from 8.00 to 18.00.
Loan for Land Purchase
Various private and public sector banks are coming out with attractive loan plans for its customers for purchase of land, purchase or construction of house/flat. The loan can be taken for both land purchase as well as construction on the land.
Eligibility for Land Purchase Loans:
Any individual aged 21 years or above having regular income is generally eligible to apply for land Purchase loan.
Maximum Amount of Loans:
The quantum of loan sanctioned, depends on a number of factors like the cost of house/flat, person's age while applying for loan, income, repayment capacity etc. Loans of higher amount may be considered on the basis of merit of the case. The loan can then be repaid through Equated Monthly Installments or EMI. The loan is payable maximum in years.
Margin for purchase or construction of new house/flat:
Minimum 15% of the project cost for individual
Minimum 10% of the project cost in case wife joins as co-borrower
Eligibility for Land Purchase Loans:
Any individual aged 21 years or above having regular income is generally eligible to apply for land Purchase loan.
Maximum Amount of Loans:
The quantum of loan sanctioned, depends on a number of factors like the cost of house/flat, person's age while applying for loan, income, repayment capacity etc. Loans of higher amount may be considered on the basis of merit of the case. The loan can then be repaid through Equated Monthly Installments or EMI. The loan is payable maximum in years.
Margin for purchase or construction of new house/flat:
Minimum 15% of the project cost for individual
Minimum 10% of the project cost in case wife joins as co-borrower
What is Gold
Gold could also be termed as the second money or alternative to money even now in terms of value. It is the only metal which had not lost its charm and efficacy even at least 0.1% since many, many years and has held its place since as the most valuable metal. Gold has come a long way from ancient times. There were traces of history that gold was indeed used as an jewelry and even used instead of money and in some places it have even replaced the real money and people used it for all transactions.
Gold is an element which has the symbol Au and the atomic number 79. The pure gold comes with yellow color and pure can be transformed into any form and shape depending our usage. The color, charm, and the flexibility of gold made it as an ideal ornament and has been worn by both women and men, but mostly women preferred gold jewelry much more than any other metals. Even the more costlier platinum did get the response as gold got among the women folks who just love adore the gold. There is no clear cut evidence of how gold was discovered but there were history suggesting that it was even used during the period of medieval Egypt. There have been even mention of gold in the Holy Bible in many places. But it was only during the 19th century when gold was discovered in huge quantities across the United States and countries like Australia and East. Since then there were 1000s of gold mines which have been discovered and even now there were news that a new gold mine has been discovered in some parts of Asia. But it is in South Africa where gold is extracted in huge quantities. Gold mining itself is an art where it requires a lot of manpower and time and patience to extract it from the rocks beneath. The gold is found as an ore which will then be transformed into its original version as nuggets and bars. The gold as itself cannot be worn as jewelry because of its tendency to easily bend and its flexibility. Gold is needed to be mixed with copper in correct proportion, 91.5 per cent of gold and rest will be copper to make it stronger and more tensile in order to convert it into various ornaments. Gold is worn in different forms like chains, rings, nose piercing, earrings, etc. All these ornamental gold not of 100% purity but nearly 90%, as said above. The purity of gold is mentioned in carat. The pure gold is mentioned as 24 carat while the ornamental gold is mostly designated as 22 carat. Gold was also considered as an excellent form of investment even in the past and even now. The value of gold in terms of percentage and value have risen to an unprecedented amount within a short span and it is considered to be best and recommended form of investment by the experts. Gold can be invested in the form of coins and bars or bullions. These coins and bars will be of 100% purity. Nowadays, you can invest in gold even without buying it, from an investment perspective, through bullion market, which can be later converted as gold or even sold at the current market rates. Gold has indeed come a long way and has indeed captured our heart like no other metal has done. It is truly a people’s metal, if one would say!
Invest in gold
Gold is the most trusted investment option for millions. Gold stock is the most important credibility factor for countries and Financial institutions like Banks. People love to invest in gold simply because of its liquidity factor. Deep inside the rural India, Investment means only gold for people. Of all precious metals Gold is the most important and famous investment option.
Gold bullion means simply gold in the form of bars. But in practice we refer gold bullion for trading of gold. People often invest in gold to hedge against loss. When stock market experiences bearish trend, we find people return to gold. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or currency-based crises. These crises include investment market declines, inflation, war, and social unrest. Investors also buy gold during times of a bull market to financially gain.
Invest in Gold It is one investment option you could never ignore. People at different times go for bullion market because of different reasons. You love or hate it but never ignore it. The purpose of this website is to inform our viewers about a great genuine opportunity to make money on investment in gold.
Futures Trading is a contract which is entered between a buyer and a seller at a futures exchange to buy or sell a commodity or currency. The commodity may be foreign exchange, market indexe, gold, silver and other commodities. Gold is one of the preferred commodities when it comes to futures trading.
Cheap Car Loan
The over crowded public transport in metro cities of India has given a big boost to the increase in the demand of private vehicles over the years. Moreover cars, bikes, scooters have become hot favorites in the automobile market.
With companies ready to finance 100% of the ‘on-road cost’ of the cars, with falling prices of cars, car loans have become incredibly attractive even for the middle class.
Car loans can be availed in two ways
Today, you can also get a care loan for “Used Cars” now that shows how competitive the loan market has become. While availing car loan for used cars, you should make a check that the car is not “too old” else getting a loan will become difficult.
Contribute 20%
Under a scheme of ICIC Bank, if you can contribute 20% of the total ex-showroom price then you don’t even have to show an income proof to avail a loan. Alternatively, if you have a good credit card repayment record for a year or more then you can get instant car loans.
Documentation
To avail car loans you might require one or more of the following documentation.
Repayment of car loans in India
The repayment tenure will be between 1-5 years depending on the policy and the amount which you have taken; this may vary from banks to banks. Secondly the repayment of used car loan will differ from the New Car loans.
Buying a car was never so easy, thanks to the competition in the financial markets in India which in benefiting the consumers especially the middle class to make their dreams come true.
With companies ready to finance 100% of the ‘on-road cost’ of the cars, with falling prices of cars, car loans have become incredibly attractive even for the middle class.
Car loans can be availed in two ways
- Secured Car Loans
- Unsecured Car Loans
Today, you can also get a care loan for “Used Cars” now that shows how competitive the loan market has become. While availing car loan for used cars, you should make a check that the car is not “too old” else getting a loan will become difficult.
Contribute 20%
Under a scheme of ICIC Bank, if you can contribute 20% of the total ex-showroom price then you don’t even have to show an income proof to avail a loan. Alternatively, if you have a good credit card repayment record for a year or more then you can get instant car loans.
Documentation
To avail car loans you might require one or more of the following documentation.
- Proof of Bank Account
- Identity Proof
- Income proof of 1-2 years
- Residential Proof
Repayment of car loans in India
The repayment tenure will be between 1-5 years depending on the policy and the amount which you have taken; this may vary from banks to banks. Secondly the repayment of used car loan will differ from the New Car loans.
Buying a car was never so easy, thanks to the competition in the financial markets in India which in benefiting the consumers especially the middle class to make their dreams come true.
Housing loan
Housing Loans in India
To own a house is the dream of almost every individual. In India, demand for home is more but not every one is financially strong to own the house. Here comes the concept of home loans given by various banks, financial institutions, housing financing companies like HDFC, State Bank of India, ICICI, Citi Bank, etc.Housing loans are generally secured loans as the loan amount is huge. Thus the borrower has to offer guarantee against the loan applied for to the lender. Housing finance companies sanction 80-85 percent of the cost of the house. The loan amount is to be repaid in equal monthly installments.
Different lenders offer different rates of interest. Hence the borrower must be aware of the interest rates prevailing in the market. Proper market research must be done so that you can avail the loan at the best rate of interest. Online information of various companies providing loan is available along with interest rates. Application forms can be filled online which saves time of the borrower and also makes the task hassle free.
In India, both fixed interest rate and floating interest rates are offered to the borrower.
- Fixed Interest Rate: It is the rate of interest which is fixed on the loan amount for the life of the loan and it does not vary with fluctuations in the market. Interest rate may vary due to policy change by RBI, market conditions etc.
- Floating Interest Rate: It the rate that fluctuates with the fluctuation in the market interest rate. The interest rate may increase or decrease depending on the situation in the market.
Business Loan
Small business means business on a small scale. The amount of investment is small as the nature of business is small. Large scale business requires huge amount of investment as the spread of business is huge. Funds are required to start a business whether small or big. The returns in business are not stable. Sometimes there is huge profit and sometimes losses. Thus funds are required to meet the working expenses of the firm or company.
In India, government encourages small firms and entrepreneurs to start new business or expand the existing one. Thus small scale business loans are easily available with financial institutions, public and private sector banks. Public sector banks like State Bank of India, Bank of Maharashtra, Bank of India, etc. make this loan easily available and at a cheaper rate of interest.
These loans can be used for different purpose like:
There are various benefits of online lenders like:
There are two types of small business loans which are:
In India, government encourages small firms and entrepreneurs to start new business or expand the existing one. Thus small scale business loans are easily available with financial institutions, public and private sector banks. Public sector banks like State Bank of India, Bank of Maharashtra, Bank of India, etc. make this loan easily available and at a cheaper rate of interest.
These loans can be used for different purpose like:
- To start a new business
- To expand the existing business
- To buy new machines and equipments
- To upgrade latest technology
- Regularize the working capital
There are various benefits of online lenders like:
There are two types of small business loans which are:
- Secured Small Business loan: It is the loan which is granted against the collateral. Loan amount is sanctioned on the basis of equity in the collateral.
- Unsecured Small Business Loan: It is the loan which is granted without any collateral.
Tuesday, August 17, 2010
Education Loan
Education is of prime importance in our lives. Although, Government of India has made education free and compulsory up to 14 years of age; it is getting extremely expensive to get quality education. The scholarships offered by esteemed universities are very few in comparison to the many hopeful and deserving applicants. Due to the expenses, eager minds of these students are left unbridled. But all’s not bleak and gloomy, in fact, now the situation is quite the contrary. Education in India is thriving thanks to student education loans provided by many government and private banks. Let’s take a look at some of the features of student education loans.
Eligibility
Generally, education loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of Education Loan is that the student applying for the loan must have a working parent or a guardian to be the guarantor. The Loan approval will be based on the capability of the borrower and the guarantor’s assets, liabilities, income, etc. Also, the student must hold a good academic record and he/ she should have secured admission by clearing the necessary entrance examinations for that course.
Courses
One can benefit from the Education loan approved by the state and central government as well as courses from foreign universities. The nature of the course and the reputation of the university may be checked by the bank providing the student education loan. The student education loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.
Loan Limit
The maximum loan limit for studies in India is Rs. 10 Lakh and the maximum loan limit for studying abroad is Rs. 20 Lakh. If the loan is for Rs. 4 Lakh and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lakh, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some sort of an assurance like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.
Repayment
The repayment option for a student education loan is very flexible. Usually, one has to start paying the EMIs after the completion of the course but in case the student does not get a job then a grace period of 6-12 months is offered. In the due time, if the student gets employment then he has to start the EMI payments. The period of repayment varies from bank to bank. It can be from anywhere between 3-15 years.
These days almost every bank offers student education loan, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. student education loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!
Eligibility
Generally, education loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of Education Loan is that the student applying for the loan must have a working parent or a guardian to be the guarantor. The Loan approval will be based on the capability of the borrower and the guarantor’s assets, liabilities, income, etc. Also, the student must hold a good academic record and he/ she should have secured admission by clearing the necessary entrance examinations for that course.
Courses
One can benefit from the Education loan approved by the state and central government as well as courses from foreign universities. The nature of the course and the reputation of the university may be checked by the bank providing the student education loan. The student education loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.
Loan Limit
The maximum loan limit for studies in India is Rs. 10 Lakh and the maximum loan limit for studying abroad is Rs. 20 Lakh. If the loan is for Rs. 4 Lakh and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lakh, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some sort of an assurance like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.
Repayment
The repayment option for a student education loan is very flexible. Usually, one has to start paying the EMIs after the completion of the course but in case the student does not get a job then a grace period of 6-12 months is offered. In the due time, if the student gets employment then he has to start the EMI payments. The period of repayment varies from bank to bank. It can be from anywhere between 3-15 years.
These days almost every bank offers student education loan, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. student education loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!
Property Insurance
Insurance account for a large share of sales of insurance from, but what exactly are property insurance and who needs them? Zu den wichtigsten Sachversicherungen zählen die Haftpflichtversicherung , die Hausratversicherung, die Gewerbeversicherungen und die Rechtsschutzversicherung , jedoch auch eine Handyversicherung . The most important property insurance include liability insurance , household insurance, the insurance industry and the legal expenses , but also a cell phone insurance . Die Autoversicherung wird bei einigen auch als Sachversicherung gezählt, doch in der Regel ist dies eine eigen Sparte. The car insurance is also counted as some insurance, but in general, this is an independent division. Sachversicherungen werden in einzelne Sparten unterteilt, wobei man auch hier die privaten und die geschäftlich genutzten Sachversicherungen unterscheiden kann und muss. Property insurance can be divided into separate divisions, with one distinction should be made private and business property insurance can and should be used.
Die wichtigste Sachversicherung, die auch jeder haben sollte, ist die Privathaftpflichtversicherung. The most important insurance that should have any, is the personal liability insurance. Zu der Haftpflicht zählen als geläufigste noch die Tierhalterhaftpflicht, die Bauherrenhaftpflicht und die Gewässerschadenhaftpflicht. Among the most common include liability insurance as a liability nor the farmers, builders and the water damage liability insurance. Jedoch ist dies nur ein kleiner Teil. However, this is only a small part. Die Hausratversicherung sichert das ab, was der Name bereits sagt, nämlich den Hausrat (Schränke, Betten usw., insbesondere auch Designermöbel ). The contents insurance protects what the name suggests, namely, the household equipment (cabinets, beds , etc., especially designer furniture ). In der Rechtsschutz sind die geläufigsten die Privat-, berufs- und Verkehrsrechtsschutzversicherung. In the legal protection the most common are the personal, professional and legal traffic. Auch hier gibt es noch weit aus mehr. Again, there are still far from over.
Die Sachversicherungen sind ind er Versicherungsbranche ein sehr wichtiger Bestandteil, denn diese Sparten birgen hohe Einnahmen, mit relativ geringer Kostenquote. The property insurance are ind he is a very important component, because these divisions Birgen insurance industry revenue is relatively low expense ratio. In der Regel wird mehr eingenommen als an Schäden bezahlt wird. As a rule, taken more than is paid in damages. Dies sichert den Bestand und die Finanzkraft der Versicherungen . This ensures the existence and financial strength of insurance companies . Die Sachversicherungen zählen somit zu einem der wichtigsten Bestandteile die ein Versicherungsunternehmen hat. The property insurance are now one of the most important components of an insurance company.
Die wichtigste Sachversicherung, die auch jeder haben sollte, ist die Privathaftpflichtversicherung. The most important insurance that should have any, is the personal liability insurance. Zu der Haftpflicht zählen als geläufigste noch die Tierhalterhaftpflicht, die Bauherrenhaftpflicht und die Gewässerschadenhaftpflicht. Among the most common include liability insurance as a liability nor the farmers, builders and the water damage liability insurance. Jedoch ist dies nur ein kleiner Teil. However, this is only a small part. Die Hausratversicherung sichert das ab, was der Name bereits sagt, nämlich den Hausrat (Schränke, Betten usw., insbesondere auch Designermöbel ). The contents insurance protects what the name suggests, namely, the household equipment (cabinets, beds , etc., especially designer furniture ). In der Rechtsschutz sind die geläufigsten die Privat-, berufs- und Verkehrsrechtsschutzversicherung. In the legal protection the most common are the personal, professional and legal traffic. Auch hier gibt es noch weit aus mehr. Again, there are still far from over.
Die Sachversicherungen sind ind er Versicherungsbranche ein sehr wichtiger Bestandteil, denn diese Sparten birgen hohe Einnahmen, mit relativ geringer Kostenquote. The property insurance are ind he is a very important component, because these divisions Birgen insurance industry revenue is relatively low expense ratio. In der Regel wird mehr eingenommen als an Schäden bezahlt wird. As a rule, taken more than is paid in damages. Dies sichert den Bestand und die Finanzkraft der Versicherungen . This ensures the existence and financial strength of insurance companies . Die Sachversicherungen zählen somit zu einem der wichtigsten Bestandteile die ein Versicherungsunternehmen hat. The property insurance are now one of the most important components of an insurance company.
Life Insurance
- The insurance company undertakes to pay insurance to the beneficiary specified in the contract in the event of death of the insured during the contract period, or at the end of the contract if the insured has survived, plus the profits earned in both cases.
- Co-insurance on the lives of two people with participation in profits.
In this type of documents, including coverage of two people with ties to family or business relationships, where the pledges of the insurance company to pay the amount of insurance on the date of expiration of the term insurance if under two insured their lives to survive, either in the case of the death of one of them before the end of the period of insurance, the company acted immediately the amount of insurance to the other person insured on his life and surviving in addition to the profits until the date of death.
- Insurance dowry and education with earnings and a pension.
The father did this type of insurance to ensure that the amount is paid to his son or his daughter as expenses of higher education or dowry at marriage, and pay the amount of insurance at the end of the period of insurance for the father, the contractor, if it exists at the date of the end of the insurance if it continues to insurance as of that date, but if the father died during the portability of health insurance, exempt document the payment of premiums that deserves it after his father's death and continue the original insurance under the same conditions but Atchetrk document in profits for the period of exemption from premiums - In addition, the company pays of the Son of pension each year until the end of the period of insurance or even death before, and is paid pension in two installments every six months once, but if the son died during the life of a parent during the validity of insurance, are paid the original amount of insurance company profits plus Almsthakpany the death of the Son according to the following:
- If he was over 5 years to pay the full amount of insurance with profits and ends with insurance.
- If the age of 3-5 years pay 50% of the amount and the profits and ends with insurance.
- اIf the age of 1-3 years only 25 of the amount and the profits and ends with insurance.
- If he was over 5 years to pay the full amount of insurance with profits and ends with insurance.
- Investment insurance with participation in profits secured
The amount of the basic insurance at the end of the period of insurance to the insured plus share the document of the profits of investment and other earnings, and add the profit share as at 31 December of each year, inter annual installments basic paid a year or more (on a compound interest) But if the insured person died during the life insurance, beneficiaries pay a company for the full amount of basic insurance, plus a share of the profits of the document, investment and other earnings declared at the date of death.
- Insurance is mixed with the early payments to participate in the profits
Hold this type of insurance for periods of 12 years - 15 years - 18 years - 21 years old, in the case of the survival of the insured person alive until the end of the insurance pays the amount of insurance as the following: a - at the end of one third of primary insurance, for example, if the period of insurance 12 years the company pays a quarter of the amount of insurance (2500 d. k, if the amount of insurance 10000 d. k) after four years - at the end of the second third (ie, after another four years the company pays a quarter of the amount of insurance II (2500 d. as if the amount of Insurance 10000 d. k) At the end of the insurance of any after 12 years, the company pays the remainder of the amount of insurance is (half) any amount 5000. k plus profit by this example. b - As if the insured person died during the lifetime of insurance, are paid full amount of the insurance company without deducting any payments previously paid to the insured plus the profits that have accrued to him until the date of death.
- Life insurance
The insurance company undertakes to pay insurance to the beneficiary specified in the contract upon the death of the insured at any time during which he spoke of death that any insurance protection afforded by this type of insurance for the duration of the life of the insured without any limitation of time in which he talked of death.
Accident, Sickness and Unemployment Insurance
Accident insurance:
Is a contract between insurer and insured whereby the insured in exchange for payment of insurance regulations and the following definitions against risks of accident insurance is placed.
Incident:
Incident covered events include any event caused by a sudden foreign agent without intent and will of the insured occurrence and causes of death, injury, deformity or disability will be insured.ا Accordingly disease events in insurance coverage were not.
Risks covered by the insurance policies of events:
Died due to accident:
If the accident leads to death is insured, the insurance capital of his people by a user or beneficiary of insurance capital has been determined, will be paid. Users can Vras investment law wife, children, Dhnndgan loans to insured, partners, institutions and public works are ....
Is a contract between insurer and insured whereby the insured in exchange for payment of insurance regulations and the following definitions against risks of accident insurance is placed.
Incident:
Incident covered events include any event caused by a sudden foreign agent without intent and will of the insured occurrence and causes of death, injury, deformity or disability will be insured.ا Accordingly disease events in insurance coverage were not.
Risks covered by the insurance policies of events:
Died due to accident:
If the accident leads to death is insured, the insurance capital of his people by a user or beneficiary of insurance capital has been determined, will be paid. Users can Vras investment law wife, children, Dhnndgan loans to insured, partners, institutions and public works are ....
Compensated for medical expenses resulting from the incident:
Experience proved that most incidents of medical expenses will impose a lot of people. Therefore, compensation cost of medical insurance in case of realization of the risk insurance issue, directly in front of medical services will be sustained by the Alborz Insurance Company can be covered.
Experience proved that most incidents of medical expenses will impose a lot of people. Therefore, compensation cost of medical insurance in case of realization of the risk insurance issue, directly in front of medical services will be sustained by the Alborz Insurance Company can be covered.
Home Insurance
Home insurance on the type of housing and different types of protection. Anda perlu tahu dahulu apa yang anda perlukan untuk mendapatkan insurans rumah yang betul untuk rumah anda. You need to know first what you need to find the right home insurance for your home. Setiap ejen insurans akan memberikan produk yang berbeza untuk keksesuaian yang anda perlukan. Each agent will provide different products to keksesuaian you need. Terdapat juga insurans rumah yang yang biasa dibeli, tapi penting untuk anda memahami setiap jenis perlindungan bagi setiap produk untuk mengelakkan kesulitan di masa hadapan. There is also the most common home insurance is purchased, but important to understand each type of coverage for each product in order to avoid difficulties in the future.
Ketika begitu banyak jenis insurans rumah yang ditawarkan oleh kebanyakan syarikat, ianya penting untuk memahami dahulu jenis insurans rumah supaya anda mendapat pilihan yang terbaik. While there are many types of home insurance offered by most companies, it is important to first understand the type of home insurance that you get the best choice. Sama ada anda tinggal di perumahan yang rata ataupun kondominium, terdapat pelbagai produk disediakan untuk anda. Whether you live in a flat housing or condominiums, there are many products available to you. Baca bahagian ini untuk mengetahui lebih banyak. Read this section to learn more.
Auto insurance
Types of Insurance
Insurance is widely classified as the following.
1.Auto insurance
2.Home insurance
3.Health
4.Accident, Sickness and Unemployment Insurance
5.Casualty
6.Life
7.Property
8.Liability
9.Credit
1.Auto insurance
2.Home insurance
3.Health
4.Accident, Sickness and Unemployment Insurance
5.Casualty
6.Life
7.Property
8.Liability
9.Credit
Insurance
The simplest definition of insurance is
Following legal definition of insurance contract by which one party (insurer) is committed funds in exchange for payment or the other (health insurer) in the event of accidents or damages to compensate him or have to pay a certain way . Committed to the insurer, the commitment by the health insurer and health insurer money that pays premiums to the insurer and insurance what is called the insurance issue. With various kinds of insurance that include social insurance and commercial insurance.
Subscribe to:
Posts (Atom)