Search Results

After the loan has been sanctioned and approved, the final stage is disbursal. When a Home Loan is obtained on a property that is still under construction, the whole loan amount is not given to the builder at the same time. Instead, payments are made in installments based on the builder's completion of the various stages of development. During this stage, the borrower is only required to pay an interest sum known as the Pre-EMI, rather than the full EMI (Principle + Interest) on the sanctioned loan amount. The Pre-EMI is interest computed only on the amount paid to the builder, according to the stage of construction. Let's look at an example to better grasp what a Pre-EMI is: If you have a debt of Rs 60 lakh at an interest rate of 8% per annum, If your bank only gives the builder Rs 6 lakh at the commencement of construction, your pre-EMI will be computed as interest on the Rs63 3 lakh, or Rs 4,000 per month. As the project advances, more money are given, and the Pre-EMI rises in tandem. For example, if the builder receives an additional Rs 6 lakh after 6 months, the Pre-EMI will rise to Rs 8,000/month. Unlike the Pre-EMI, the EMI you'll pay will include both the principal and the interest. The whole sanctioned loan amount is released to the builder once the project has been built. Now your actual EMI cycle begins, and the principal balance of your repayment begins to decrease.

No claim bonus or NCB in health insurance is a remunerative benefit or bonus money that is offered by insurance company to the insurer for making no claims in a policy year. There are two main ways through which the insurance companies give the advantage of no-claim bonus on their health insurances: Cumulative Benefit meaning higher sum insured. Discount on premium. When your coverage amount is increased but the premium amount remains the same it is a cumulative no claim bonus and in discount on premium, for every claim-free year, the premium amount decreases by a certain percentage, though the coverage amount remains the same. Features and Benefits In case an individual changes the health insurance company, the accumulated No Claim Bonus will stay active. In case of a Family Floater policy, No Claim Bonus amount in the sum insured can be availed by any family member. The offered bonus in case of health insurance can be availed in the form of a discount on the subsequent policy premium, enhancement of sum insured without any change in the policy premium or other benefits like Gym, Spa, and Yoga subscriptions, or discount on wellness-related products. The No Claim Bonus can be transferred to a new health insurance policy from another insurance provider. In case the two health insurance policy periods are overlapping, the sum insured that is available during both the policy periods can be availed Not all health insurance policies offer no claim bonus With No Claim Bonus you can either save money while renewing the plan or have more money as part of the sum insured, which is also a kind of saving. The bonus offered through NCB is subject to each insurer’s terms and conditions.

Are you self-employed and wondering whether you can take a Personal Loan? Self Employed Professionals are sole proprietors of their business. They do not draw a fixed monthly salary, but are the owners of their businesses. Self-employed individuals, businessmen, shop owners and many other similar to them can avail personal loans, just like salaried individuals. How can a personal loan be used for self-employed individuals? Wedding or Vacation Home Renovation Business Expansion Multi Purpose Use Features and Benefits Easy to apply Flexibility Minimum documents Collateral Free Loans Quick disbursal Documents required ID Proof : Aadhaar card, PAN card, Voter ID card, Driving license, Passport, etc. Address proof : Utility bills, PAN card, Aadhaar card, Voter ID card, etc. Business Proof : Proof of business existence, Incorporation certificate, Registration certificate, existing liabilities. Income Proof : ITR, annual turnover, etc. Eligibility Criteria Credit Score : Good credit score is important as these loans are unsecured. Age : The age limit is usually between early 20's to 70* Business Vintage : Usually more than 2-3 years. Annual Income : according to eligibility criteria set by the bank All proofs of self-employment/business Read more about how to improve the credit score here : https://www.myrupaya.in/post/how-to-improve-credit-score-a-simple-guide?locale=en

Tega Industries IPO is scheduled to open this week. The public issue, valued Rs. 619.23 crore, open on December 1, 2021, and will be up for bidding until December 3, 2021. - Tega Industries IPO pricing band: Tega Industries' management has set the price band for its public offering at INR 443 to INR 453 per equity share. - Tega Industries IPO size: The public offering is entirely OFS (Offer for Sale), with the company's promoters aiming to raise Rs. 619.23 crore from it. - Tega Industries IPO lot size: Bidders will be able to apply in lots for this public offering, with each lot containing 33 shares of the company. A single bidder can apply for a maximum of 13 lots. - Tega Industries IPO subscription date: As previously stated, the public offering will begin on December 1st and run through December 3rd, 2021 4p.m.. - Tega Industries initial public offering (IPO) date: The proposed date for share distribution is December 8, 2021. - Tega Industries Initial Public Offering (IPO): The company's shares will be listed on both the NSE and the BSE, with a target date of December 13, 2021.

Star Health and Allied Insurance Company's IPO will open for subscription on Tuesday, November 30, 2021, at a price range of Rs 870-900 per share. The IPO will be open till December 2, 2021. Star Health, the country's largest private health insurance, is controlled by a group of investors including Westbridge Capital and Rakesh Jhunjhunwala. Star Health hopes to collect Rs 7,249.18 crore through the offering. The IPO consists of a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale (OFS) by promoters and current shareholders of up to 58,324,225 equity shares. Promoters and promoter groups — Safecrop Investments India LLP, Konark Trust, MMPL Trust — as well as existing investors — Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame DU LAC, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish, and Berjis Minoo Desai — are all offering shares through the OFS. Qualified institutional buyers (QIBs) account for 75% of the Star Health IPO, while non-institutional investors account for 15%. (NIIs). Retail investors have access to the remaining 10% of the offering. According to the red herring prospectus, the proceeds from the new offer will be utilised to increase the company's capital base and maintain solvency standards. Investors interested in subscribing to the Star Health IPO might do so in lots of 16 equity shares and then in multiples. They would pay Rs 14,400 for a single lot of Star Health and Allied Insurance Company at the top of the price scale. Both the BSE and the National Stock Exchange will list the shares (NSE). According to the RHP, the share allocation is planned to take place on December 7, 2021, and the shares are expected to be listed on December 10, 2021.

Just days after Airtel, Vodafone-Idea declared increase in price of their pre-paid plans, Reliance announced price increases for their prepaid plans, Reliance announced a price increase for its postpaid plans. Jio has responded with increased tariffs for all of its unlimited prepaid, JioPhone, and internet add-on plans. The price rise will be applicable December 1. The most affordable 28-day prepaid package would now cost Rs 155, up from Rs 129 now. The popular 1GB per day package with a 24-day validity charges has been increased to Rs 179. Previously, the plan was Rs 149. The Rs 199 plan, will now cost Rs 239 for 28 days and provide 1.5GB of data each day. Jio has also increased the price of the Rs 249 prepaid recharge plan to Rs 299, which provides customers with 2GB of data each day, unlimited phone calls and 100 SMS are also included. Jio has raised the price of its longer-term pre-paid plans the same way as Airtel and Vodafone have. The 84-day plan, which started at Rs 329, will now cost Rs 395, while the 555 plan will cost Rs 100 more at Rs 666. The 599 plan, which has an 84-day validity, would cost Rs 719 for 2GB of daily data. Unlimited voice and 100 SMS per day are included in the plans. The Rs 1,299 prepaid Jio package will now set you back Rs 1,559. This package provides 24GB of data, unlimited phone calls, and 3,600 text messages. The Rs 2,399 Jio plan will cost Rs 2,879 and will include 2GB of internet per day, unlimited talk time, and 100 SMS each day. The pricing of data add-on plans has also been raised by the company. The Rs 51 data package will cost Rs 61 in the near future, while the Rs 101 data pack will cost Rs 121. A Rs 251 data add-on bundle will also be available, which would provide consumers with 50GB of data that will be good for 30 days. Those who use the Rs 75 plan to recharge their JioPhone should be aware that it will soon cost Rs 91.