Author: Finance Khabar
Shop on the Bajaj Finserv EMI Network and stand a chance to win exciting prizes Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, announced its #JustEMI wali Sparkling Diwali campaign which aims at reaching out to more than 50 million customers this festive season. This 360-degree marketing campaign by Bajaj Finserv takes shopping experience to the next level by addressing the behavioural shift of ‘buy now, pay later’ of customers by promoting shopping on easy EMIs. The campaign will be supported with videos and promoted online, in stores (offline) and over radio. Convenience and ease of purchase,…
Festive season offers with loans starting at 8.35% & complete refund of processing fees Mumbai: LIC Housing Finance Ltd. (LICHFL) today declared the launch of Special Festive idea for home advance searchers. Under the exciting offer, client can get the advantage of home loans beginning at reasonable rate of 8.35%. Not only this, clients will get complete refund of processing fees at the time of disbursement of the loan. Most importantly, the festive offer will be accessible for loans applied from October 1, 2019 to October 31, 2019 and it begins on to December 31, 2019. For the customers, the…
Pune : During a festive season, your home is the centre of celebration and joy. Renovating it during the auspicious occasions of Diwali and Christmas is a common practice. You may plan to get your home repainted, change the furniture and fixtures, get your garden landscaped and beautified, or even redo the flooring and tiling. Since the festive season is also a propitious time to buy a home, you may be planning your housewarming during this time too. To ensure that you remodel your home in style and without compromise, you can rely on a personal loan from Bajaj Finserv.…
Mumbai : The Chennai-headquartered Indian Bank has been conferred with the ‘FE Best PSU Bank Award’ for 2017-18. The occasion was graced by the Hon’ble Union Finance Minister Mrs. Nirmala Sitharaman.Previous year, the Bank bagged FE ‘India’s Best Bank’ award for 2016-17. According to the jury of this year “The Bank’s good financials as also the strategy of focussing on deposit growth while diversifying its loan portfolio were the factors that contributed for the Bank’s outstanding performance”. In FY2018, continuing with its consistent performance of the past, the Bank initiated several significant moves like change in business orientation, organisational restructuring…
Bank of Baroda, Union Bank of India and Syndicate Bank have started the practice of segregating retail loans into their own versions of prime and subprime risk exposure. Lending rates in India have started coming down significantly as banks link their loan rates to the Reserve Bank of India’s repo rate. But before you rejoice, here’s another catch. Some public sector banks in India have now started using third-party credit scores of borrowers to demand higher interest rates on loans with higher credit risk. Bank of Baroda, Union Bank of India and Syndicate Bank have started the practice of segregating…
Svatantra’s unique mediclaim product designed to meet medical needs of Rural India. Svatantra Microfin Private Limited enrolled over 10 lac rural beneficiaries in 250 districts across 13 states in rural India with an affordable cashless mediclaim product called Svatantra Grameen Care. With more than 6000 claim settlements worth INR 9.5 crs in 1200 hospitals, this is a first-of-its-kind product category in rural India. Svatantra Microfin offers microloans to rural women. Svatantra Grameen Care mediclaim was launched in 2016 and is offered as an optional product on top of a microloan. It is exclusively designed for Svatantra customers with predefined rates…
The key Indian equity indices opened on a negative note on Thursday, with the BSE Sensex trading nearly 200 points lower. The domestic indices traded in line with the Asian markets, which fell on fresh trade concerns after the US announced tariffs on products from the European Union. At 9.37 am, the BSE Sensex was trading at 38,106.11, lower by 199.30 points or 0.52 per cent from the previous close of 38,305.41 points. It had opened at 38,137.87, and so far it has touched an intra-day high of 38,192.48 and a low of 37,957.56 points. The Nifty50 on the National…
Pune : The coming months will bring with them the festive and wedding season in India and you may have important goals to meet during this time. From renovating your home and gifting family and friends during Diwali and Christmas to financing a wedding or going on a vacation during the new year break, financing big-ticket expenses can be a challenge without the right planning and assistance. Bajaj Finserv Personal Loan can be your go-to financial solution to address all the expenses incurred during this time of the year. From quick approval and disbursal to a collateral-free high-value sanction of…
Professionals like CA’s and doctors stand a chance to win exciting prizes Pune : With Durga Puja around the corner, Bajaj Finserv, through its lending arm Bajaj Finance Ltd, has announced exciting offers for professionals like chartered accountants and doctors availing professional loans from the company. Professionals applying for loans between September 4 and November 5, 2019, not only get access to ample finances easily but also get a chance to earn attractive rewards, including a trip to Abu Dhabi and gift vouchers worth Rs.5,000. Medical professionals can also win a Doxper subscription, which is an innovative solution that allows…
Finance minister Nirmala Sitharaman is expected to meet secretaries of infrastructure-related ministries and heads of public sector enterprises over the next two days to take stock of what more needs to be done to revive the economy and push up investments.The meeting with secretaries to the ministries like road transport and highways, housing and urban development and shipping is scheduled for Friday, while heads of PSEs will meet her on Saturday, sources told ET. The issues that are likely to come up for discussion include ways to push up spending across sectors and timely release of payments to ensure that…
The importance of getting quick access to funds during an emergency cannot be stressed enough. A quick and convenient source of funds allows you to focus on the crisis at hand and tackle it, rather than worrying about the means to make it happen. While a personal loan may seem to be the best financing option at such a time, a loan against property scores high on many grounds. Since a personal loan is unsecured, you pay a higher interest rate, which can inflate your monthly expenditure. As opposed to this, you can get a loan against property at a…
New Delhi. Just before the tax filing season India’s largest insurance company, Life Insurance Corporation of India (LIC) has recently launched a new policy called Navjeevan. As per the data on the website, it is a non-linked “with profit” endowment assurance scheme and premium can be paid either as a lump sum, as a premium or under a limited premium option with a payback period of five years. is. LIC’s Navjeevan scheme is available for purchase both online and offline. Under the limited premium payment option, if you are 45 years or older, you get two options in terms of…
Pune : Having a life insurance policy, health insurance cover, mutual funds portfolio and equity investments are considered to be priorities by individuals while planning their finances. But with evolving lifestyles, equal importance is being given to finances dedicated towards refining one’s overall wellness and wellbeing. Finances planned for lifecare services enable you to take care of concerns that are lifestyle wellness or cosmetic treatment-oriented; as well as address the medical concerns and procedures that are not incorporated in your regular health insurance cover. For this purpose, Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, offers LifeCare…
Perspective towards health and wellness in India has witnessed a paradigm shift in the last 5 years. Taking care of ones health or way of life is not restricted to annual medical check-ups or routine workouts anymore. The urban Indian lifestyle is evolving and the change is steadily paving its way to mini metros and smaller Indian towns as well. The new age lifestyle encompasses informed nutritional choices, mental well-being, cosmetic refinements and a more holistic attitude towards life. Apart from the lifestyle improvements, the previously ignored health issues like stress, body pains, dental concerns etc. too are now checked…
Pune, The mounting cost of medical treatment these days could throw your funds off gear if you don’t have enough insurance cover or an emergency fund to fall back on. Many individuals and families don’t have a safety net for unplanned medical expenses, resulting in increased financial burden. Despite having one of the most affordable healthcare ecosystems in the world, medical treatments in India are still considered to be expensive for most Indians. To address this situation, many NBFCs and fintech players are now offering the much-needed financing options to manage your medical expenses. Bajaj Finserv, through its lending and…
You may have an interesting business idea ready with you, but often due to lack of funds, you may have to drop the idea of starting your own business. For those looking for funds, Bajaj Housing Finance Limited (BHFL), a 100 percent subsidiary of Bajaj Finance Limited is offering ‘Loan Against Property’ at an affordable interest rate to salaried and self-employed individuals. According to a recent survey by Randstad Workmonitor, 83 percent of the Indian workforce prefers to be entrepreneurs. Every 2 out of 3 people dream of starting their own business, but unfortunately, not all are successful in doing…
Pune : Making your money earn big revenue for you is arguably one of the best ways to grow your wealth. You earn through your salary and multiply your finances through a suitable investment instrument. That said, picking a reliable instrument has become a tricky endeavour as there is a fair deal of uncertainty that looms over market-related vehicles. Nevertheless, while equity-linked instruments went into the red in 2018, regular deposits like FD continued to reward investors with timely payouts. Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, offers Fixed Deposit which is a smart way to…
After India’s biggest bank State Bank of India (SBI) launched India’s first repo-linked home loan product in July many banks including Bank of Baroda have also come up with repo-linked home loan offers. Under this repo-linked home loan product, the effective home loan rates are linked to the banks’ repo-linked lending rate, which in turn is linked to the RBI’s repo rate. The government has asked banks to come up with repo-linked loan products for faster transmission of Reserve Bank’s rate cuts to borrowers. The interest rate of SBI’s repo-linked home loan starts from 8.05% while the interest rate of…
New Delhi: Flipkart co-founder Binny Bansal has sold his shares of the e-commerce company (Flipkart) to the global fund Tiger Global for over $ 14 million (up from Rs 100 crore). This information came from a document by a data intelligence platform Paper.vc . Paper.vc said that the information given by Flipkart to the stock markets indicates that Binny Bansal has sold the shares for the third time after Walmart acquired Flipkart. This time Bansal has transferred his stake to two funds of Tiger Global. It states that Bansal has acquired the current shareholder Internet Fund lll Pvt. Ltd. sold…
New Delhi. There is going to be a golden opportunity for soldiers who protect the country, especially for those who are retired. Amazon India will create employment opportunities in the company’s supply centers and distribution centers for ex-servicemen and for their spouse. Amazon India is partnering with the Directorate General of Rehabilitation ( #DGR ) office and the Military Welfare Appointment Organisation ( #AWPO ) to create employment opportunities for military families. Akhil Saxena, senior vice president of Amazon’s Asia operations, said that Amazon India has hired ex-servicemen in various roles in the company. These include operations related to transportation,…