Union Bank of India Home Loan @ 8.30%* Interest Rate

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February 19, 2018by Team CapitaWorld0

INTRODUCTION

Before extending a loan to the customer, the loan application passes through various stages, which are:

a. Collection of all required documents from the customer. In the first place, the lender verifies the authenticity of documents.
b. Check past repayment behaviour in his/her credit report.
c. Visit office or residence or both. It is known as CPV, PD or PV in the lending industry.
d. Confirm customer phone number through calling random times in a day.
e. Use other credit policy parameters (age, residential area, geographical limit) & loan eligibility calculator to arrive on the final loan amount.
f. Final decision (approval or rejection).
g. Approval is followed by disbursement.


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February 13, 2018by Team CapitaWorld0

“Congratulations !!! You are eligible for 5 lakhs of pre-approved loan.”

Sounds familiar.

You must have received a similar type of SMS/Email messages many times in last few years. Are you confused, why you are getting such offers? The answer is, it is actually a promotional activity carried out by lenders to meet their sales targets.


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February 5, 2018by Team CapitaWorld0

Introduction

In the present scenario, CIBIL Score is gaining more and more attention from lenders and customers. But, even after a decade, the concept & functionality of CIBIL score has remained a mystery for most of the customers. Due to lack of clear understanding of the concept, a variety of myths & misconceptions are surrounding it in people’s mind.


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December 26, 2017by Team CapitaWorld0

Introduction

As economy grows, people’s purchasing power increases. So does the prices of goods and services too. We all have dream of having own car, a big house and all other material stuff. Hence, it is natural to go for a loan to get what you desire for.

With the emergence of technology, availing loan for any personal or business has become relatively easier. Usually, we take loans without understanding all key terms from finance world and regret it later.


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December 18, 2017by Team CapitaWorld0

Financial Debt can be an awful trap if not planned well. Paying your minimum debt every month and not worrying about it is usually not the best plan of action. It is always important to never ever delay a loan re-payment. During a loan tenure, or while your credit card usage is significant, it becomes very important to plan out early pay-off strategies so that any unforeseen emergencies don’t render you financially helpless. The basic rule of thumb is: Pay off your debt as soon as you can.


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