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Well, there are number of technical terms associated with loans and mortgages, either it is a home loan, gold loan, loan against property or even a used car loan. One of such relevant terminologies is Loan-to-Value ratio. Let us take a deep dive into what a LTV ratio is, how it works and the difference it creates to both lender and borrower when they " Apply For Loan " . One must consider its importance and understand how it works. Loan-to-Value ratio: This term is as simple as it sounds. It determines the maximum quantum based on the market value and liquidity of the collateral pledged as a security for the loan. In simpler terms, borrower gives the lender a claim on the asset, in case if borrower fails to repay the loan at any given point in time. Loan-to-Value gives the idea to the loan applicant about the maximum percentage of the value of the collateral that he/she can borrow. How LTV works: However amount of borrowing is determined on multiple factors such as eligibil...

Nowadays, livelihood has become so tough and an unpredictable financial crunch can act as the topping on cake in that. Every individual does not have enough financial backup to face any unexpected expenses. In such scenarios, most of the people start to panic as they can’t figure out how to handle the situation. But nothing to worry about, there are innumerable ways to tackle this crisis such as borrowing as in loans and other aspects that one can access to immediate cash in present time. Here, we will discuss them one by one. Online Personal Loan: As the name suggest, this loan is a form of personal credit that can be availed online as well as offline. A " Personal Loan " from ShubhBank gets approved within a few business days to meet your financial emergencies. These loans are widely popular among masses and have potential to meet any purpose. Moreover, they are unsecured type of loans which do not ask for any collateral. Family and Friends: many people prefer this safe ...

Undoubtedly, the popularity of pre-owned cars has rapidly increased over the past decades and has in fact exceeded the number of brand new cars being bought every passing year. However, a car is an ever depreciating asset but many people find it financially good to go for second hand vehicle rather than investing in a new car. As everyone cannot rustle up the funds needed to own their own vehicle, so purchasing a car of your own choice has become easier with the incredible range of used car loans available in the market. In order to make your purchase financially sound, many banks and NBFCs in lending market are offering used car loans that have been specifically tailored to suit your needs. This loan scheme make it possible for individuals who prefer to buy a second hand or pre-owned car over a brand new car to actually get their hands on their asset of desire. Many of the pre-owned car dealers help you to avail a used car loan at hugely discounted price as well as you can " Appl...

The ongoing pandemic has slow down the economy and most of the investments have failed to meet investors return expectations, thus, making common people to feel unsure about the market. However, it could be cyclical economic phase but ignoring your financial goals and your investment portfolio at this crucial time may prove to be a costly mistake. Here, we are listing few measures that will help you tide over tough times. Opt to invest in installments : Most of the investors may find it risky to invest in the market when it’s volatile to avoid the adverse impact on their entire investment corpus. Therefore, best way to invest during such circumstances is investing in installments. It will allow you to get the advantage of rupee cost averaging and lower the impact of market volatility as your investment is dispersed in installments. Don’t stop SIP : Quitting SIPs in a downturn may prove to be a biggest mistake an equity investor can make. It negatively affects the purpose of the SIP b...