Indian Money Review, Indian Money Dot com -Things to Check before Availing a Loan
Banks and NBFCs are doing their best to make borrowing easy.
Car loans and home loans are helping the youth
in India, own cars and homes at a young age. This would not be so simple with
the income many of these youth earn.
Your repaying capacity helps banks decide on your loan
eligibility. Before availing another loan, you need to ask yourself, can I
afford it? It’s very important to distinguish between a good loan and a bad loan.
Want to know more on Personal Loans?
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Things to Check before Availing a Loan?
If a loan does not help you generate income and it is used
to purchase a depreciating asset like a car you don’t need, then this is a bad
loan. Your financial health is affected if you go for such a loan, when you
have an existing loan and there is no increase in income.
Be Wise, Get Rich.
Read the Article | Things
To Check Before Availing A Loan?
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