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Sometimes in life, situations arise when we suddenly need money — such as buying or building a house, paying for a child’s education, managing medical expenses, or arranging a wedding. When we don’t have enough savings to handle such expenses, we often turn to loans. In some cases, we may already have an existing loan. At such times, we usually have two options: a personal loan or a top-up loan . While a personal loan can be availed by anyone according to their needs, a top-up loan is only available to those who already have an existing loan. In today’s Your Money column, we’ll explore: What are personal and top-up loans? Which loan has a lower interest rate? What are the advantages and disadvantages of each? What’s the process to apply for these loans? Q: What is a personal loan and a top-up loan? Personal Loan: A personal loan is an unsecured loan , which means you don’t need to mortgage or pledge any assets to get it. Banks and NBFCs (Non-Banking Financial C...

Living in a rented house is a common reality for millions of Indians. Whether you're a student, working professional, or a family renting an apartment, knowing your rights as a tenant is essential. Unfortunately, many people are unaware of the legal protections provided to tenants in India. This often results in landlords taking unfair advantage by increasing rent arbitrarily, threatening eviction without proper notice, or entering the rented premises without permission. This article aims to provide a clear, easy-to-understand guide to your rights as a tenant under Indian law, especially the Model Tenancy Act, 2021 . It also outlines the responsibilities and rights of landlords, so that both parties can enjoy a fair and balanced rental relationship. Can a Landlord Evict You Without Notice? The short answer is no . A landlord cannot evict a tenant without prior written notice and a valid legal reason . Sudden eviction without notice is illegal and can be challenged in court. ...

हर व्यक्ति का सपना होता है कि उसका एक खुद का घर हो। लेकिन आज के महंगे समय में यह सपना पूरा करना आसान नहीं होता। यही कारण है कि लोग अपने घर के लिए होम लोन (Home Loan) का सहारा लेते हैं। बैंक या हाउसिंग फाइनेंस कंपनियां होम लोन देती हैं, जिसमें ग्राहक एक निश्चित अवधि तक मासिक किस्त (EMI) चुका कर धीरे-धीरे लोन चुका देता है। हालांकि, कई बार लोग लोन लेने के बाद कुछ ऐसी गलतियां कर बैठते हैं, जो उन्हें लंबे समय तक कर्ज के जाल में फंसा देती हैं। आज इस लेख में हम विस्तार से समझेंगे कि: लोग कौन-सी आम गलती करते हैं? यह गलती कैसे कर्ज की अवधि को बढ़ा देती है? इसका क्या असर होता है? और कैसे आप इससे बच सकते हैं? 🔍 होम लोन की एक आम लेकिन गंभीर गलती अधिकतर लोग जब होम लोन लेते हैं, तो शुरुआत में EMI की रकम पर ध्यान देते हैं। वे ये नहीं सोचते कि लोन की अवधि कितनी होनी चाहिए या अगर ब्याज दरें बदलती हैं तो क्या असर होगा। गलती क्या होती है? जब ब्याज दरें बढ़ती हैं, तो बैंक EMI को वैसे ही रखते हैं, लेकिन लोन की अवधि बढ़ा देते हैं । यानी आप जितने सालों में लोन चुकाना चाहते थे, उससे कहीं...

Taking a loan from a bank often means dealing with multiple hidden charges. Many borrowers are unaware of these charges until they are levied after the loan is sanctioned. Understanding the concerns of borrowers, the Reserve Bank of India (RBI) has now taken a major step. According to the new rules, a specific type of charge will no longer be applicable to borrowers. Let’s understand the complete update in this article. RBI’s Major Decision – Relief from Extra Charges The Reserve Bank of India has decided to provide big relief to people who have taken loans. According to the new circular issued by the RBI, banks will not be allowed to impose certain extra charges on loan borrowers anymore. This new rule is expected to directly benefit ordinary individuals and small business owners. The RBI’s move is also seen as a step toward protecting the rights of loan borrowers. The circular has been welcomed across the country, and discussions about it are gaining momentum. What the RBI Circul...

Renting a home is one of the most important decisions you’ll make—whether you're a student moving to a new city, a family relocating for work, or simply looking for a better living space. But too often, renters rush into agreements without knowing all the facts. This can lead to disputes, unexpected costs, and even legal trouble. So how do you protect yourself? By asking smart questions before signing the lease . This article will walk you through everything you need to ask your landlord or property manager before renting a house or flat. These questions are based on real-life problems faced by tenants , and knowing the answers can save you money, time, and stress. 🔍 Why Asking Questions Matters Many people feel awkward asking too many questions, fearing they might upset the landlord or lose the rental opportunity. But remember: you’re agreeing to live there, pay rent regularly, and follow rules —so you deserve to have complete clarity. Renting without asking the right que...

आज के समय में शिक्षा, घर, वाहन, व्यवसाय या मेडिकल इमरजेंसी जैसी आवश्यकताओं को पूरा करने के लिए लोन लेना एक आम बात हो गई है। लेकिन लोन लेने से पहले बैंकों या वित्तीय संस्थानों की एक महत्वपूर्ण शर्त होती है – सिबिल स्कोर (CIBIL Score) । अगर आपका स्कोर सही रेंज में आता है, तो लोन मिनटों में स्वीकृत हो सकता है, वरना अच्छी डील मिलना भी मुश्किल हो जाता है। क्या होता है सिबिल स्कोर? सिबिल स्कोर (CIBIL Score) एक तीन अंकों की संख्या होती है जो आपकी क्रेडिट हिस्ट्री को दर्शाती है। यह स्कोर 300 से 900 के बीच होता है और इसे भारत की पहली क्रेडिट ब्यूरो कंपनी CIBIL (Credit Information Bureau India Limited) द्वारा तैयार किया जाता है। यह स्कोर बताता है कि आपने अपने पुराने लोन या क्रेडिट कार्ड का भुगतान कैसे किया है। सिबिल स्कोर कैसे तय होता है? आपके सिबिल स्कोर को तय करने में कई कारकों की भूमिका होती है: भुगतान का इतिहास (Payment History): समय पर EMI और क्रेडिट कार्ड बिल चुकाने पर स्कोर बढ़ता है। क्रेडिट उपयोग अनुपात (Credit Utilization Ratio): जितना कम उपयोग, उतना बेहतर। क्रेडिट ...

Property Papers: Rising property prices have made buying real estate more difficult than ever. In such a situation, it is absolutely essential to verify certain crucial documents while buying a property. A small oversight can lead to major troubles, including long legal battles and frequent court appearances. This article provides you with all the details you need to know. Buying property is one of the biggest and most expensive decisions of a person’s life. That’s why it is vital to move ahead cautiously at every step of the property purchase process. There are several important documents related to a property that must be thoroughly examined. Failing to do so can lead to financial loss and even legal complications. What You Must Keep in Mind Fraud and scams related to property are on the rise. To avoid falling into such traps, it's necessary to be cautious when buying new property. Things like good location, clear and complete documentation, verification of the seller, and abs...