Securing a Personal Loan: PAN Card and KYC Documentation Guide In today's financial landscape, acquiring a personal loan has become increasingly convenient, with numerous banks and NBFCs offering accessible options to individuals, whether salaried or self-employed. Possessing a PAN card and KYC documents like Aadhaar Card streamlines the process, allowing for swift approval based on credit history and financial status. KYC procedures, including Aadhaar validation, further simplify verification. The PAN card serves as a crucial element in determining creditworthiness, alongside credit scores, which significantly impact loan eligibility. Eligibility criteria typically include Indian nationality, age between 21 to 60, a minimum monthly salary of Rs. 20,000, and a CIBIL score of 685 or higher. Applying for a personal loan involves basic steps like providing personal details and choosing a suitable loan tenure, culminating in quick disbursal upon approval. #Investkraft #Personal Loan #Finance #Loan #KYC Documents #FinancialCompanies https://bit.ly/3UYoL2I

Financial Planning in 2024: A Step-by-Step Guide Financial planning in 2024 involves managing income sources and expenses while aiming to achieve goals like saving for a vacation or retirement. It acts as a roadmap for financial decisions, helping avoid debt and grow wealth through investments. This article offers a step-by-step guide to create a financial plan, emphasizing the importance of analyzing current situations and setting realistic goals. Different types of financial planning based on life stages and goals are also discussed, highlighting the need for long-term commitment to build a strong financial foundation. #Investkraft #FinancialPlanning #FinancialCompanies #Finance #Planning #FinancialDecisions https://bit.ly/3T6tNsz

7 Major Benefits of Closing A Home Loan Early Since April 2012, lenders stopped charging foreclosure fees on variable interest rate house loans following RBI regulations. Previously, these fees amounted to 5% or more of the principal, making early repayment costly. Consider factors like tax benefits, interest rate savings, improved credit eligibility, home equity, peace of mind, and better resource allocation before deciding to foreclose. Redirecting freed-up cash flow towards other goals may offer higher returns. #investkraft #india #homeloan #loan #prepayment #finance #financialcompanies https://bit.ly/4bGQURL

What does PRAN mean in the context of the National Pension System (NPS)? The National Pension System (NPS) aims to provide retirement income and savings opportunities for all citizens. Introduced initially for government employees, it now includes a co-contributory pension program accessible to others. A PRAN card, issued by NSDL e-Gov, grants secure access to pension accounts, with a unique 12-digit number for each subscriber. Application for PRAN can be done online, requiring identity and address proof. NRIs can also apply, following similar procedures. Activation involves generating an OTP and completing necessary details online. #investkraft #PRAN #NationalPensionSystem #FinancialCompanies #FixedLoan https://www.investkraft.com/blog/pran-in-nps

Top 10 Non-Banking Financial Companies in India 2024 The financial sector in India is thriving due to factors like rising per capita income and stable government. Non-Banking Financial Companies (NBFCs) play a crucial role in this growth by offering diverse credit-based services, catering to various segments including MSMEs. Top NBFCs like Bajaj Finance, Cholamandalam Investment, and Aditya Birla Finance provide a wide array of financial solutions, contributing significantly to India's economic development. #investkraft #financialcompanies #finance #NBFC #india #nonbankingfinance #companies https://www.investkraft.com/blog/list-of-nbfc-india-2024