Loans

loan against insurance

Can you get a loan against your life insurance policy?

The primary idea of life insurance is to make good the financial loss incurred due to the loss of life of the income earner of the family.  However, the products offered by the insurance companies are varied. Though a term plan is the purest form of life insurance and provides lumpsum payouts only in the event

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How to read between the interest rate of a loan

How to read between the rates of a simple flat-rate loan and not get deceived?

We all have come across advertisements offering consumer loans at flat simple interest rates. Have you ever doubted that the rates they are mentioning could be misleading? Because in the real world of finance, everything is compounding interest and never a simple interest. The story of a simple flat-rate loan Here is an example to

How to read between the rates of a simple flat-rate loan and not get deceived? Read More »

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