It is highly probable that multiple loans might bring chaos into your financial management. Moreover, managing several loans while going through a bad credit might seem even more an arduous job.
What if you are given a second shot?
Would you not be willing to repair your past mistakes and improve your credit health? A refinancing would be the solution which can alter your financial problem. You can consolidate all your loans into one personal loan and make a consistent repayment.
Several banks, NBFCs and Peer 2 Peer Lending websites provide personal loans for debt consolidation. Read through to know more about how you can get a personal debt consolidation loan.
Debt Consolidation Loan
Debt consolidation loan is a process of taking a new single loan to pay off your several existing loans. This is very helpful especially when you are unable to manage several loans with regard to repayments, interest rate, and delinquency.
Your multiple loans such as student loan, personal loan, credit card bills etc. with different lenders can be consolidated through this loan. Instead of paying 5 or 6 times, you are giving out the same amount in a single payment.
A personal loan for debt consolidation is an unsecured loan which does not require any collateral. Hence the interest rate may be little higher than the secured debt consolidation loan.
How to Apply for Personal Loan for Debt Consolidation
Most of the private financial institutions, NBFCs and some major banks provide personal loans for debt consolidation. you can either apply online or visit your nearby branch. You need to have all the KYC documents for a successful approval. The interest rate depends on your creditworthiness.
Pros of Personal Loan for Debt Consolidation
· Efficient way to manage your loans under a single payment method
· Possibility of reduction in interest rate based on your creditworthiness
· With a long-term EMI, your debt burden is reduced.
· No multiple charges
· Saves your time from paying multiple loans
· Credit score soars with consistent repayment
To know more about the Personal Loan For Debt Consolidation
In a world full of possibilities reaching out to different people in business is no more an arduous task. All one requires to go globally on the floor is a perfect grip on the market and an outstanding proposal for potential clients. But just as every story has a villain, there's a twist to this too.
To go global, one needs a good comprehension of the ideas for the customer and here's where document translation comes in the frame. A document translator helps the company reach out to its clients who face a problem due to the language barrier. A Notarized translation helps prevent the breaching of data by interpreting it in the desired language of the customer.
Role Of Document Translation Services
Every company nowadays owns a website to keep its database and update its clients, customers, business partners about every new launch or addition to their group, just like as it takes two to tango, a document also plays a significant role in the expansion of the business. To satisfy the customers of different niches, a document translator plays a crucial role, just like a Legal translation company in Singapore has adapted by helping the customer understand the legal formalities in their language.
Here are a few significant roles of document translation:
1. Improves the opportunity for business to flourish :
Professional and reliable document translation helps to improve the business credibility by bringing in the customers of diverse regions together so that they are aware of their information being preserved. A document translator can help clients feel more at ease by offering them the solutions in their first language.
2. Operating on the Internet:
Operating on the internet becomes easy when the customer is given more information in the desired language, helping him trade effectively.
3. Acts as a booster to Global Economy:
When clients and companies come under the same roof to work together, there needs to be comforted at both ends to perform willingly. Clients feel valued if the company helps them to understand and comprehend the document in their desired language. Such collaborations contribute to the world economy at an incredible pace.
4. Polyglotism promotes culture and values.
By bringing in different languages altogether, indeed gives it a chance to attract clients globally, providing an equal opportunity to every investor and client.
Hence, a Document translation services Singapore is a need of the hour to connect globally for a better expansion in a market full of buyers and investors. Always make sure to select a company that hires a polyglot for the same.
Singapore leading Notarized translation company in Singapore, provides Legal and Certified Translator services for document Translation from Berlo Translations at low prices.
All of us like to hold onto what we want. But the real difficulty is to store this stuff properly. One needs to protect it and be very specific about maintaining the same in good shape. Inside the home, there are different choices for storage. To maximize space and usable resources, one can have storage units embedded in the furniture. There are storage rooms in beds, collections of couches, and chairs. Also, for storage in the home, one can have wardrobes, cupboards, side cupboards, and shelves. The real dilemma occurs when there is inadequate room in the house. Similarly, these problems only arise in offices and business settings. This results in the need for extra space storage solutions.
Different Storage Types
Personal Storage - Whether it be relocating to a new place, holding onto items with sentimental values, or last-minute lifestyle changes, personal storage facilities have got it covered. Also referred to as Self - storages a warehouse or other building that leases units to individuals to store personal belongings. Self Storage space rental Singapore makes these services available and keep personal possessions with the utmost care.
Business Storage - Secure, simple, and flexible solutions give one the versatility users need; if one needs storage space, has surplus stock, or something else, business storages provide this convenience. A business storage, with traders in mind, is specially planned. Commercially friendly, it is suitable for storing products, machinery, and inventory, offering both peace of mind and optimum storage conditions. Many industrial consumers in such units tend to store high-value products.
Choosing the right storage facility
Getting to know the right kind of storage type required and the perfect facility to provide these services is important. Storage Facilities Singapore offers expert and professional services related to storage problems. Whether the service needed is for a short term or a long term duration, the support needed is available. They may be formed as individual facilities or with other facilities as complexes. Based on the characteristics of the goods to be stored, and the possibility of expanding the storage area, the storage facilities' locations are selected.
The ideal storage facility carries with itself numerous benefits. It reduces clutter in one’s house or office. Ensures guaranteed security of the goods being stored, and hence the safety of the personal items and goods are also taken care of. Decluttering or getting rid of items occupying an area leads to expansion or finding more space in one’s surroundings.
Latex mattresses are one of the sustainable options for comfort. There are three types of latex foam for the bed that are synthetic, blended, and natural. Out of all three, the natural latex mattress is the most sustainable and eco-friendly. A latex mattress can be paired with any type of bed, including customized and storage bed. A good mattress for your bed is crucial in achieving good back health.
Benefits of Latex Mattress
Comfortable Natural latex foam has an open-cell structure to permit constant airflow. Thus this mattress is more responsive and contours your body than any other type of mattress. They are soft to touch. The mattress guarantees sound motion isolation. Its medium-firm density and elastic-like properties are perfect for people with a back problem. This mattress is perfectly compatible with any bedframe.
Due to its properties of rubber and latex-based products, a latex mattress is a durable option. It stays in good shape for a more extended period. This high-quality mattress has an average life span of 15-20 years. The resiliency of the rubber in the latex mattress contributes to the longevity of the product. Latex mattress protector are also used to add to the durability of the mattress. It protects the mattress from any damage or stain.
2. Low Maintenance
The mattress is low maintenance in the sense that it doesn't trap dust or mites. The design of the mattress ensures that it doesn't gather moisture. Latex mattress tends to be hypoallergic; hence the dirt or dust settles on the top layer, easily cleaned with vacuuming. Occasionally when you need to clean the mattress light brushing, exposure to the sunlight is enough. Any four-star furniture bed is suitable for this type of mattress.
3. Mould Resistant
Latex, in general, is naturally resistant to mould and fungi. The natural rubber sap used to produce this mattress is mould-free, but the little additives to the products during the manufacturing leaves little space to develop the mould. However, latex mattresses are easy to maintain, thus leaving little room to develop mould or fungi.
A natural latex mattress is manufactured from the sap of the rubber tree. The trees are not cut or over-exploited. Hence the environment is not harmed when the latex mattress is manufactured.
Latex mattress has a numerable advantage to the everyday life of comfort. It has long-lasting durability and ease of maintenance. Thus, making it an excellent long-term investment.
The importance of the furniture extends to the comfort and rest and adds to the visual appeal of the house. This piece of furniture effortlessly brings out the style and the theme of the house. They have the impact of accentuating the ambience of the room.
Chairs To Improve The Visual Appeal Of Your Home
The arm chair is the chair with support on both sides to rest your arms. This oversized chair would be a great addition to your living rooms. The armchair provides comfort to the seater as its seat is soft and has firm back support. This chair is generally placed in front of the TV consoles.
2. Chaise Lounge Chair
Chaise lounge is a luxury product. This type of chair is used to complement the home décor. The chair looks like a lounge sofa to provide relaxation and comfort. This is generally placed outside the bedroom, mainly in the living room beside the window to enjoy the serene.
3. Patio Chairs
Patio chair comes under the category of the outdoor furniture. This type of furniture is generally made up of weather-resistant materials and is rust-proof. Lounge chair and recliner chair furniture shop in Singapore also has a collection of patio chairs. These chairs add a unique element to your home décor. They are generally placed in your courtyard.
4. Chesterfield Sofa
Chesterfield sofa is a prominent type of chair. It is characterized by its dark leather, which is upholstered. Its elegant and classic design provides a level of sophistication to your house. This chair is named after the Earl of Chesterfield, who had designed it. The presence of this charge gives a regal touch to your room. It is generally placed in a guest room or living room.
5. Dining Chairs
The dining chair and high chairs are the furniture unit, which well-defines the dining table's look or the dining area. These classic pieces of furniture give people a place to communicate over a delicious meal. With the changing trends, fusion or contemporary design can give a new look house.
The chair is an essential piece of furniture provided for physical relaxation. Its design is created in such a way as to sustain the body posture even while in a resting position. But with the trend of home décor. The demand for trendy chairs is at the forefront.
Users with no credit history need not worry as they can build one by using some smart credit tips including the usage of secured credit cards.
In today’s fast-paced world, credit is a necessity for most and the saying ‘to get credit, you must have credit’ is apt but often frustrating for new borrowers. Building credit from the start can be challenging since credit history is a prerequisite for building a credit score. The irony faced by new borrowers is that no bank or financial institution would easily approve a loan or credit card without seeing the applicant’s credit score.
It’s a catch-22 situation. To build a good credit score, you need to take on credit. But, to get credit, you need to have a good credit history!
Worry not, here we share seven smart tips on how you can build your credit score from scratch.
Apply for a Credit Card
Most banks and credit card issuers avoid lending finances to applicants who do not have a credit history. They rely on an applicant’s credit history to assess his/her repayment capability. Therefore, for borrowing fresh credit, one must have credit or should have used credit in the past.
Therefore, the question that arises is, if lenders cannot give credit to new borrowers, how can one build credit? Borrowers can heave a sigh of relief as there are a few ways to do so.
One of the commonly used financial products for starting a credit journey is a credit card. Applying for a credit card is easy and can help in easily building a credit score without relying on banks or lenders. One can apply for either a secured or an unsecured credit card.
Avoid Applying for Multiple Credit Cards at Once
Every credit card application impacts one’s credit score. Hence, a borrower must try to avoid numerous credit card applications within a short duration. Lenders often consider multiple applications as credit-hungriness of a borrower. While building a credit history, one must be careful not to hamper the credit score by multiple credit card applications. Instead of applying for multiple credit cards, it makes sense to use one that can help in showcasing one’s credit handling capability. While using a credit card, one must try to keep the credit utilization low and make the bill payments in full and on time.
Use Credit Cards Often But Cautiously
One may not have a credit score either because they have never used credit or their credit history is not considered by bureaus as sufficient. Those who want to build a good credit score must ensure that they use a credit card regularly.
A good credit score can be built in the long run, but it requires regular use of credit cards along with timely repayments. It makes sense to use a credit card at least once a month to keep the credit card active. This can help those who have a good credit history and also those who want to build one from scratch.
To know more about the Tips to Build Credit History from Scratch
Millennials might be one of the most intriguing generations in history. They have challenged the status quo like never before. Organizing climate change parades, fighting for diversity and inclusiveness, valuing experiences more than materialistic possessions – millennials are passionate and not shy to take a stand for things that matter to them.
They are the first generation to have grown up with technology impacting every phase of their life. Technically, millennials refer to individuals born between 1981 and 2000. Millennials are not just idealistic; they are also practical. A report by Merrill Lynch reveals that 82% of millennials invest in savings plans or employer-sponsored retirement plans.
Have millennials ghosted credit cards?
While millennials are generally technically savvy, there’s one product that hasn’t yet caught their fancy yet – credit cards; recent market research reveals that 1 in 2 millennials have only one credit card, and even those who own a credit card do not use it regularly. Compared with millennials, seniors and Gen-Xers use credit cards more frequently.
So, what’s holding back millennials from using credit cards and benefitting from them? We believe several factors contribute to poor credit card usage among millennials:
Access to credit
The problem with credit is that you need credit to get credit. With banks and lenders more averse to risk lenders, it’s difficult for young adults to get a credit card. Low salaries, poor credit scores (especially when they are just getting started) have made it difficult for young adults to get a credit card.
Aversion to Debt
Millennials have been hit by two major economic crises while growing up – the financial crisis of 2007 to 2009 and the recent pandemic. They have also seen several members of the previous generation going bust due to huge unmanaged debt. This has made them extra cautious and avoid debt altogether.
The growth of the digital economy has provided millennials with plenty of other alternatives to a credit card. Today, it’s possible to “Buy Now and Pay Later” without having a credit card.
With that said, we believe that young adults need to master the usage of credit cards as they offer better rewards, more protection compared to other commonly used payment methods. Credit cards are also a great tool to build credit so that you can take on bigger loans like home loans, car loans in the future at the best prices.
If you’re a millennial who is missing out on the incredible benefits of a credit card or have been debating whether you should finally go for a credit card, you’ve come to the right place. This guide walks you through the basics of credit cards – how they work, credit card vocabulary, smart usage tips, and more.
To know more about the Personal Finance Lessons
Get your home loan approved quickly in the first attempt with 10 smart home loan tips from Credit Mantri. Get sanctioned for the best home loan offers at the best interest rates.
You’ve been searching for months, looking at property website after website, going on numerous site visits and finally, you have found the dream home for you and your family! Congrats! You've got just one more hurdle to cross before you settle in your dream home – getting the home loan approved.
With property prices soaring to tens of lakhs rupees or even crores, purchasing a home today is next to impossible without the help of a home loan. Thankfully, home loans are readily available. But not all home loan applications are successful. Even a simple mistake can cause your home loan application to be turned down.
A Home Loan Rejection Can Hurt You in the Long Run
Getting your home loan application rejected can be devastating emotionally. After all, you’ve spent months fantasizing about your dream home and seeing that dream crushed at the last minute can be huge.
Besides emotional upheaval, a home loan rejection can also lead to other troubles. For example, when a home loan application is rejected, it acts as a red flag for other lenders, making it difficult to get approved for a home loan from another lender in the short term. Hence, you need to make sure that you get your home loan approved on the first attempt.
Worry not! Credit Mantri is here to help! We've compiled the best home loan tips to get your loan application approved fast. With proper planning, you can get your home loan approved within a few days and make your home dreams come true.
Best Tips to Qualify for a Home Loan QuicklyTip #1: Work on Building your Credit Score before you Apply
A good credit score and credit history works in your favor while applying for a home loan. Having a credit score of 750+ improves your eligibility. It helps you secure multiple home loan offers from the top lenders at the best interest rates. However, note that it's not possible to build your score overnight. Depending on your current score levels, it takes anywhere from 3 to 24 months to boost your credit score.
So, if you plan to take a home loan in the next year, make sure to start working on your credit score right now. Here are a few tips to improve your credit rating:
Start by checking your credit score for free. This gives you a clear picture of where you stand and what needs to be done.
Never default on your credit card bills and EMIs. Repay them on time and in full.
Don't max out your credit card. Try to keep the utilization ratio below 30%.
Don't have too many ongoing loans. Try to close a couple of loans before you apply for a big home loan.
Tip #2: Get your Credit Report Sorted and Free of ErrorsBesides checking your credit score, you also have to scrutinize your credit health report. Your credit report is generated by credit bureaus, and there might be errors due to misreporting by lenders. So, make sure to get the latest copy of your credit report and scan it carefully to check if it's missing any information.
If you notice errors on your credit report, then report it to the corresponding credit bureau and get it rectified. Besides evaluating your credit score, home loan lenders also check your credit report before sanctioning your home loan application. Hence, it’s essential to keep it free from errors.
To know more about the 10 Smart Tips To Get Home Loan Approved Quickly
In any home loan application, the lending bank checks the applicant’s credit score to determine his/her creditworthiness. The bank reaches out to credit bureaus to know the applicant’s credit score. While there is no minimum credit score for home loans in India, a score of 750 or above is considered ideal for easy home loan approvals.
Here, we will discuss the ideal credit score for home loans in 2021 and how borrowers can work towards attaining an ideal credit score.
What is a Credit Report and Credit Score?
A credit report is constructed by one of the credit bureaus like Equifax, TransUnion CIBIL™ (Credit Information Bureau of India Limited), Experian, etc. A credit score is a 3 digit number that could range between 300 and 900. The closer the credit score is to 900, the better it is considered, especially when it comes to home loans.
Banks and lenders check an applicant’s credit score to determine his/her creditworthiness during a home loan application. Borrowers who maintain a minimum credit score of 750 or above are generally considered ideal for loan approvals. Borrowers should avoid making multiple loan applications simultaneously. This is because every application may affect one’s credit score negatively.
A credit report contains all the important information on a borrower which can be used by financial institutions to analyze and offer home loans. Borrowers can check their credit score for free on Credit Mantri as it can help in keeping a tab on their score before applying for a home loan.
Does Credit Score Affect Home Loan Eligibility?
A credit score affects a borrower’s home loan eligibility since banks and lenders use the credit score to determine whether to approve their home loan application or not. If an applicant’s credit score is above 750, there is a high chance of getting a home loan application approved. However, if it is low, for instance, 450, then the chances of home loan approval could be very low. Even if the home loan is approved with a poor credit score, you are more likely to be charged high interest rates.
Know more about Ideal Credit Score For A Home Loan In 2021
Earn 5% cashback on all fuel purchases, grocery, utility bills, and other everyday spends using the HPCL ICICI Super Saver credit card. The joining fee and annual fee is Rs. 500 + GST. Save more when you shop more. Check the features and benefits.
Having the right credit card not only boosts your spending power but can also reduce your fuel, grocery and utility bills. If you’re looking for a new card to add to your wallet, we’ve got an exciting choice. ICICI Bank recently partnered with HPCL (Hindustan Petroleum Corporation Limited) to offer the HPCL Super Saver credit card. Loaded with features and an astounding array of benefits, this card has the potential to reduce your monthly bills.
Continue reading to find out if the ICICI HPCL Super Saver card is the right fit for your lifestyle needs.
What is the ICICI HPCL Super Saver card?
The ICICI – HPCL Super Saver card is a co-branded credit card launched by ICICI Bank and Hindustan Petroleum Corporation Limited. The card aims to offer best-in-class rewards and an array of benefits to customers on their everyday spending.
Powered by VISA, the unique feature of from latest ICICI Bank Credit Card is that, unlike regular credit cards that offer rewards only on specific categories, the ICICI HPCL Super Saver card offers rewards across categories including fuel, eCommerce shopping, in-store shopping at D-Mart, Big Bazaar, electricity, mobile and other utility bills.
The Super Star of Savings – During the card’s launch, ICICI Bank representatives highlighted the unique features of the card. Typically, most credit cards offer accelerated rewards and bonus points only on a particular category of spends like fuel, travel, dining, etc. The ICICI HPCL Super Saver card breaks this barrier and allows cardholders to enjoy reward points across categories, thus earning it the title “Super Star” of savings. ICICI Bank hopes that this card will help customers save more by empowering them to enjoy rewards across categories.
To help promote digital payments at retail outlets, the card offers various incentives as rewards and bonus points. Customers are also rewarded with additional loyalty points when they use this card to pay for fuel via the HP Pay App.
Know more about Icici Bank Hpcl Super Saver Credit Card