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Top 10 List of NBFCs Offering Personal Loans at Low Intrest Rates with Free Health insurance

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News: Personal loans are a popular choice for individuals looking for funds to finance their immediate financial requirements. Personal loans come with a variety of interest rates and charges, and choosing the right loan provider can make all the difference in getting a good deal. The article provides an overview of the various personal loan interest rates and charges offered by different lenders in India.

Understanding Personal Loan Interest Rates and Charges

Muthoot Finance    14% onwards    Up to 3.5%

Tata Capital    10.99% onwards    Up to 2.75%

Bajaj Finserv    11% onwards    Up to 3.93%

StashFin    11.99% onwards    Up to 10%

Faircent    9.99% onwards    Up to 8%

Kreditbee    Up to 29.95%    Up to 6%

Navi Finserv    9.9% – 45%    Nil

Money Tap    13% onwards    

Dhani Loans    13.99% onwards    3% onwards

Money View    15.96%    Starting from 2%

Pay Sense    16.80%-27.60%    Up to 2.5%

Early Salary    18% onwards    2%

Home Credit    24% onwards    Up to 5%

CASHe    30% onwards    Up to 3% or Rs 1,200

HDB Financial Services    Up to 36%    Up to 3%

Muthoot Finance, Tata Capital, Bajaj Finserv, StashFin, Faircent, Kreditbee, Navi Finserv, Money Tap, Dhani Loans, Money View, Pay Sense, Early Salary, Home Credit, CASHe, and HDB Financial Services are some of the popular lenders offering personal loans in India. Among them, Muthoot Finance offers personal loans at an interest rate starting from 14% onwards with a processing fee of up to 3.5%. On the other hand in the latest News, Tata Capital offers personal loans at an interest rate starting from 10.99% onwards with a processing fee of up to 2.75%. Bajaj Finserv offers personal loans at an interest rate starting from 11% onwards with a processing fee of up to 3.93%.

StashFin offers personal loans at an interest rate starting from 11.99% onwards with a processing fee of up to 10%. Faircent offers personal loans at an interest rate starting from 9.99% onwards with a processing fee of up to 8%. Kreditbee offers personal loans with an interest rate of up to 29.95% with a processing fee of up to 6%. Navi Finserv offers personal loans with an interest rate ranging from 9.9% to 45% without any processing fee. Money Tap offers personal loans starting from 13% onwards without any processing fee.

Dhani Loans offer personal loans at an interest rate starting from 13.99% onwards with a processing fee starting from 3% onwards. Money View offers personal loans at an interest rate of 15.96% with a processing fee starting from 2%. Pay Sense offers personal loans with an interest rate ranging from 16.80% to 27.60% with a processing fee of up to 2.5%. Early Salary offers personal loans starting from 18% onwards with a processing fee of 2%.

Home Credit offers personal loans at an interest rate starting from 24% onwards with a processing fee of up to 5%. CASHe offers personal loans at an interest rate starting from 30% onwards with a processing fee of up to 3% or Rs 1,200, whichever is higher. HDB Financial Services offers personal loans with an interest rate of up to 36% with a processing fee of up to 3%.

It is worth mentioning that Navi Finserv offers personal loans with interest rates ranging from 9.9% to 45%, and the lender does not charge any processing fee. Furthermore, Navi Finserv is currently offering a unique feature of free health insurance coverage for one month to its personal loan borrowers.

The health insurance coverage is offered in collaboration with Digit Insurance and provides Free coverage of up to Rs. 2 lakh. This feature adds value to the personal loan and provides a safety net to the borrower against any unforeseen medical emergencies. Therefore, it is an excellent option for individuals looking for a personal loan with additional benefits such as free health insurance coverage.

Finance

Large & Mid Cap Mutual Funds: Meaning, Benefits

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Most large and mid cap funds typically invest between 35 and 40% of their assets in mid-cap equities and between 50 and 60 percent in large-cap firms.

Large & Mid Cap Mutual Funds IS WHAT?

In compliance with Sebi regulations, a large and mid cap fund is one that needs to invest at least 35% of its portfolio in large-cap companies, 35% in mid-caps, with the remainder 30% to be allocated depending on the fund manager’s discretion. Large-cap equities are those publicly traded corporations with market capitalization rankings between 1 and 100 on the stock exchanges, whereas mid-cap firms have rankings between 101 and 250.

HOW MUCH ASSETS IS MANAGED BY THIS FUND CATEGORY?


According to information from the trade association AMFI, there were 26 big and mid size plans with 76.75 lakh folios managing assets worth ‘1.27 lakh crore as of January 31, 2023.

WHY SHOULD THESE FUNDS ATTRACT INVESTORS?


Consider investing in a large and mid cap fund if you want to take advantage of both the stability of largecaps and the great growth potential of mid-caps through a single fund. It is intended for risk-taking investors with a minimum five-year investment horizon who can tolerate short-term volatility.

WHAT ARE THE BENEFITS OF A LARGE AND MID CAP FUND?


A large and mid cap fund invests in a variety of large and mid-cap firms, giving investors stability and development within the equity market. The top 100 market capitalization-ranked companies are large-cap firms, while the following 150 are mid-cap firms. The fund management has the discretion to determine where the remainder of the portfolio needs to be placed based on how the market is performing, even though large- and mid-caps must account for 35% of each investment.

A fund manager has the opportunity to spread the corpus across market caps by using the large and mid cap area. The fund manager can devote up to 65% of the portfolio to cash when the market is declining.

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Finance

10 Companies Stocks: Sensex 30 (BSE) Index & Nifty 50 Stock Market Live News Updates

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Sensex 30 (BSE) Index & Nifty 50 Stock Market

Investors and economists alike have always been intrigued by the stock market. Investors can make wise judgments by keeping an eye on market movements and important indicators. Let’s look at some of the most recent stock market fluctuations.

News: The Nifty 50 and BSE Sensex indices showed positive movements of 0.67% and 0.69%, respectively, at the end of the week. The Nifty Bank index just slightly increased by 0.24%.

Meanwhile, the Nasdaq 100 index witnessed a significant growth of 2.04%, while the S&P 500 index increased by 1.61%. The Dow Jones and Nasdaq indices rose by 1.17% and 1.97%, respectively. The Hang Seng index saw a minor growth of 0.17%.

Top 10 Stocks Insights:

  • The Nifty 50 index increased by 117.10 points or 0.67% to close at 17,711.45.
  • The BSE Sensex index increased by 415.49 points or 0.69% to settle at 60,224.46.
  • The Nifty Bank index increased 0.24%, closing at 41,350.40, a small gain.
  • The Nasdaq 100 index saw a notable increase of 2.04% and ended the day at 12,290.81.
  • The S&P 500 index rose 1.61% to finish at 4,045.64 points.
  • At 33,800.60, the Dow Jones index experienced a 1.17% gain.
  • The Nasdaq index gained 1.97% and finished the day at 13,900.19.
  • The Hang Seng index increased marginally by 0.17% and ended the day at 28,938.74.

Here are some additional data points on the major gainers during the curtailed week:

  • ASIE had a 20% increase in stock price and a trading volume of 1.48 million.
  • SKRI had a 20% increase in stock price and a trading volume of 9.61K.
  • APTS had a 19.98% increase in stock price and a trading volume of 3.04 million.
  • SINF had a 19.26% increase in stock price and a trading volume of 569.54K.

It’s important to note that the week was curtailed due to a public holiday, which may have had an impact on the market movements. However, some companies experienced significant gains during this period.

Major indices like the Nifty 50, BSE Sensex, Nasdaq 100, and S&P 500 should be closely monitored by investors in order to stay informed and make wise investment choices.

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