Skip to main content

 5 Personal Loan Terminologies You Should Know

A personal loan is an amount disbursed by a lender, usually a financial institution, to a borrower. The amount provided through a personal loan can be used for any reason, be it personal, entrepreneurial, commercial or medical. As simple as the idea of a personal loan may seem, a number of people are unable to clearly comprehend the plethora of financial jargons used by banks. It is highly advisable, therefore, to fully understand the meaning of the following important elements before you request for a personal loan.

Tenure

’Tenure’ is the total period for which the personal loan amount is dispensed. This period begins from the date of disbursement. It reaches completion either on the date of closure of the loan, or on the date on which the last EMI payment is to be made, whichever comes first. Obtaining a personal loan from IndusInd Bank provides you with a tenure option of 1- 5
 5 Personal Loan Terminologies You Should Know

Comments

Post a Comment

Popular posts from this blog

4 Tips for Increasing Your Personal Savings

With a lot of people working hard to pay their bills, and often having no money left over for personal rewards, let alone substantial savings, putting extra money into savings can be a tough task to fulfil. However, it’s important to remember that even the tiniest amount — even if it’s $5 a month — will all eventually add up, and be better than nothing. Here are 4 tips to get you started on a better savings path. Get Out of Any Debt First There is no point planning to put money into your savings if you have a backlog of debt, no matter how small. Although any form of savings is a positive, it’s much better to use any extra money to clear debt in order to get straight with your finances and avoid paying extra due to interest charges. As soon as debt is cleared, the monthly amount you usually pay in minimum debt payments can then be a bonus for your savings pot. If any de 4 Tips for Increasing Your Personal Savings
Post a Comment
Read more

Building Your Garden Office From The Ground Up

Working from home can be an amazing thing. You’ll get to avoid those early morning chats by the coffee machine, being pestered by your boss, and you’ll be able to avoid that stressful commute every morning and evening. If you do decide to work from home, you’ll need a place to work which is separate from the rest of your home, and allows you to work without being distracted by anything. This is why many people have opted to build their own office in the garden, and here’s how you can too… Planning permission If you want to build an office with a bigger area than 15m2, you will need to consult your local authority for some planning permission. You will most likely need to follow some simple regulations such as the location and fire safety when you come to build the structure so make sure to check with the relevant people. Choosing the right size Once you’ve gained the accepta Building Your Garden Office From The Ground Up
Post a Comment
Read more

Four Tips on Making a Career out of Your Hobby

Choosing a profession is certainly up there with some of the toughest decisions that you’ll make in your lifetime. Whilst some of us are lucky enough to have known exactly where we wanted our careers to lead us from being a small child, the majority of people find themselves stuck at least a few times when it comes to deciding on a job that they’d enjoy doing until they retire. There are many reasons for picking a certain career path, not least whether you thought the work would be easy, lucrative, or even glamorous. However, what you might not take into account when choosing your life profession are the hobbies and interests that you are passionate about. But, why not? Many people have turned their favorite hobbies into a means of earning a living. Read on for our top tips on turning your hobby into your job. Tip #1. Consider Starting a Business Anybody who’s ever tried to make a Four Tips on Making a Career out of Your Hobby
Post a Comment
Read more