Difference Between Mortgage, Hypothecation and Pledge
Mortgage is a commonly used term in banking and finance sectors. It means to keep one’s immovable possession as collateral, usually a house, in return of a loan. This is done by signing...
Category: Home Loan
Layman Series: Moratorium – Understanding The Term
The word moratorium is often used when discussing banking, loans and finance. The meaning of the term is not as morbid as it sounds. It simply means a break in an activity. Within the...
Factors Affecting Rate of Interest
The interest rate is the rate at which a person borrows money from a lender. The amount that is borrowed is called the ‘principle’. The cost you pay for borrowing it is called the...
Layman Series: Who is a Guarantor and What are Guarantor Loans?
A guarantor is the person who signs an agreement to pay off the borrower’s loan if they default. They are like a safety net when borrower finds it difficult to make timely payments. Usually,...
Importance of Age and Tenure for a Salaried Individual When Applying for a Loan
Applying for a loan is a major decision and one of the big commitments a person makes in his or her life. It is important to be well-informed about your options and choices...
Types of Home Loans
Being a home owner is everyone’s dream. With the increasing demand for a room of one’s own, the popularity of home loans has gone up. Banks, financial institutes and NBFCs offer a variety of...
Layman Series: What are NBFCs?
NBFCs or Non-Bank Financial Companies are financial institutes that provide all types of financial services just like banks do with two major differences – they do not hold a banking license and they cannot...
EMI – Understanding the Term
Equated Monthly Instalment, which abbreviates to EMI is most common and probably the first term that you hear when scouting for a Loan. So what exactly is EMI? To put it simply, EMI is...
Home Loan
A home loan is a type of loan in which the borrower uses the equity of his or her home as collateral. Home equity loans are often used to finance major expenses such as...
