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Why You Should Choose Loan Against FD When You Need Small Loans?

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Life is unexpected and a financial crisis can happen at any time. People keep aside a part of their earned money as savings to deal with such financial crises. However, when an emergency arises, people often look for different sources from which they can borrow a loan, or mortgage their assets. However, there is one easier and simpler option too. Buying a loan against FD can get you instant liquid cash for managing such situations. All you need to do is have an FD, and the company or bank with which you have it, will provide you a loan against 70-90% of your total principal amount deposited in FD.

Great Option for Small Loans

Loan against FD is a great option for dealing with short-term crisis or when you want small amounts of money. FD can come to your rescue before they get matured by providing a loan/overdraft facility. Companies offers loan against FD facility by providing its customers a loan of 60% of the principal amount in the case of non-cumulative FD. Whereas, in the case of a cumulative FD it amounts up to 75% of the principal amount.

Less Interest Rates

A great advantage these loans have over other loans is they have much lesser interest rates than other loans. The rates of interest on these loans is charged only from 2% to 3% more than the interest rate on your FD. NBFCs offers interest on FD at 7.60%, and the loan interest rates amounts up to 2% above that rate. Normal loans are charged between 9% to 15%, hence, a loan against FD is a much better and cheaper option when looking for small amounts of loans.

Minimum Documentation and No Costs

The duration for which the loan is taken is generally for the same time period in which the FD gets matured. Sometimes it can be less than the duration of FD, but can never be more than that. While taking a loan against FD, you won’t be able to break it to get your principal amount before it gets matured. You cannot withdraw any money from your FD till you would repay the whole amount of loan in full. NBFCs have a very simple process of providing the loan with a single page documentation. There are no processing fees or any other costs, and you get the disbursal of amount in your bank within 24 hours.

Prepayment and Foreclosure

Foreclosure is the procedure of foreclosing your loan by repaying the amount of loan before the duration of the loan ends. Unlike other loans, loan against FD doesn’t charge you any such charges or fees. This gives you the flexibility of paying off the loan amount whenever you want to. Company offers flexible repayment options for these loans which is within the tenure of the FD, which initiates after the 90 days from which the FD has started.

An important thing to be noted is – the time when you are applying for the loan. If you are applying for the loan when the maturity date of the FD is near, the maximum duration you can get to pay the loan off is limited to the time remaining till the maturity of the FD. Due to this, you might not have many months and you would have to pay higher EMIs to pay it off. So, ensure that you check which FD you are applying for loan against, if you have multiple FDs of short durations. Look for the one whose maturity date is farthest by analysing how much EMIs you would be able to pay.

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Business

Bitcoin Revolution – An Introduction

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  • What is the Bitcoin Revolution?

It is an Automatic trading system established by a  group of established blockers of Bitcoin industries in 2017 is known as “Bitcoin Revolution”. According to the signal emitted from the “Crypto” market trends, it is claimed to perform trades 0.01 second as compared to its traders.

Rumour has found that it interconnects a group of brokers with each other and they create multiple software’s. They make the platform user-friendly because they well know how to trade the products within their platform. According to many users, Bitcoin Revolution is very easy and simple to use. 

Bitcoin Revolution is an effective platform that is available automatic revolution.  It differs from most of the platforms that are lying around the internet. This Provide the software for you that can trade efficiently. 

  • How the Bitcoin Revolution Works?

Bitcoin Revolution provides us with free software’s that are free for its users. It is because the creator of this platform earns a lot of money by their trades. The creator of the Bitcoin Revolution believes in the trading system of algorithms. They said that you just need only 1st investment to connect with the users then you have to set up the recommended settings and can start trading. It takes only twenty minutes daily. The whole process of a trading system is very simple. It gives steps of the Bitcoin Revolution below!

  • First, create an account. 
  • Then you have to make an initial deposit with your broker.
  • After this step, choose the setting and then turn on the auto trading.
  • Place A Trade With Bitcoin Revolution:

You need to be registered and have to create an account on the website for the Trading system. You need only a first investment,  after this, the software is free of cost for its users. 

Steps for Open the account:

It comprises three steps like as!

1.Registration

2.Demo Account 

3.Live Account

  • Registration:

First, you go on the website of the Bitcoin Revolution. To create the account, you just need to fill the form available on the b Bitcoin Revolution’s website. Put the first and last name, then enter the email and your phone number. For the security of your account and data, have to create a strong password on the account. When you complete the registration, it will automatically connect you with the broker available on the Bitcoin Revolution’s platform. 

  • Demo Account:

The demo account is also available for the users of Bitcoin Revolution. When you chose the demo account, you will visit the functionalities of the account. The software will provide you with the credit of 1,500 dollars to test either the software is full extent.  To start your own trade, you can use the amount on the software. You need not worry, you just click on the ” auto trade” button and then the software will run automatically. 

  • Live Account:

When you want to create the live account you just click on the trading room. Here some features of Bitcoin Revolution will be available. 

  • Open transaction: is helpful to test the robot performance. 
  • Trading history: is helpful to search the history of the positive and negative transaction. 
  • Control panel: is helpful for setting and progress your portfolio.

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Know How to Avail an Additional Income Tax Deduction of Rs.3.5 Lakh on Home Loan

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By 2025, real estate sector in India is expected to contribute 13% of total GDP of the country. To live up to this expectation, various affordable housing schemes and tax benefits are on offer for prospective home buyers.

Income tax benefit on home loans can help buyers substantially reduce the income burden. The income tax act of India, 1961 has dedicated provisions for this cause, with various tax exemption clauses. These include –

  • Section 80C of ITA states that the funds used for repayment of the principal home loan amount can be exempted from income tax. The exemption is applicable for up to Rs. 1.5 Lakh every financial year. Any amount exceeding this is subject to standard taxation.
  • Section 24(b) provides a tax exemption on the interestrate payable on the total loan amount. This benefit is given for interest payments of up to Rs. 2 Lakh every financial year.
  • Section 80EEA is also dedicated to reducing the burden of interest on the borrowers. You can get an additional Rs. 1.5 Lakh on your total disposable income as the tax is exempted. Note that this tax waiver is only applicable till 31st March 2020 for properties of up to Rs. 45 Lakh.
  • In case of top up loans, an additional tax waiver Rs. 30,000 can be availed on the interest liable.

You can easily calculate the total tax waived on your home loan repayments using a home loan tax benefit calculator.

However, several other criteria need to be satisfied to avail these policies for tax saving on home loans.

  • Exemptions are only applicable if the property has already been constructed, and is utilised as a residential property.
  • If the borrower sells the property after 5 years of ownership, the tax benefits will become invalid. If the returns are already disbursed, the exemptions are reversed and added to the following year’s income.
  • In case the house is given on rent, the entire home loan interest is waived off from tax exemptions.

Ensuring you fulfil the above mentioned restrictions, you can easily apply for the returns – by yourself, or through your employer. Having the home loan interest certificate at your disposal will smoothen this process by a significant amount.

The number of home loans acquired is increasing in number, mainly due to these benefits of tax waivers, reasonable housing loan interest, and subsidised rates at which you can avail home loans via government sponsored policies.

If you are a prospective home buyer, you should make a note of these exemptions to benefit from them. Additionally, you should also follow up on pointers which can help you avail a home loan at the most beneficial terms and features.

Home loan eligibility and documentation

You can quickly calculate your home loan eligibility by checking whether you satisfy the following criteria. Note that applicants should be between 25 and 65 years of age. A CIBIL score of 750 and above can help individuals avail competitive interest rates as well as other beneficial loan terms and features.

Also, salaried applicants must have at least 3 years of working experience while self-employed individuals must showcase a business vintage of 5 years.

These are among the few things you must know before taking a home loan. Avail the tax benefits for substantial savings over the repayment tenor. Refer to lenders who provide not only attractive rates of interest but additional repayment-friendly terms and features as well.

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What Can an Online Marketing Company Do for Your Business?

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The ways in which businesses choose to promote themselves are constantly changing. Twenty years ago, very few people used the World Wide Web to promote their company; ten years ago, very people understood the importance of social media as a marketing tool, but in the current business climate, it is important to try to utilise both. In a constantly changing business environment, it can be hard for small business owners to keep up-to-date with the latest internet marketing strategies, and it can be even harder for them to implement these strategies competently. The whole process can be very time consuming. If you are not fully trained or do not have much free time, it is a great idea to use an online marketing company.

Most good marketing companies will provide each business customer with a dedicated account manager, who will ask questions about the clients’ specific aims and will try to learn as much about each individual business as possible. Working with an account manager can help to give the customer as much input as possible, whilst allowing the online marketing company to understand the needs of the individual client. Account managers can also help to develop a strategy which can be implemented within your budget. They help to give each user a personalised service and having an account manager who knows about your company means that you won’t have to re-explain yourself every time you contact them.

Online marketing companies also use experts in search engine optimization (SEO), who are trained to understand the ways in which major search engines work. They will be able to make sure your webpage is highly visible and that it will be one of the first search results that are returned for when certain keywords are searched for. These experts will help you rewrite and re-format your website so that it is full of SEO-rich content, including the appropriate Meta tags and keywords for your company. In order to create a successful website with a high volume of traffic, it is essential that you hire somebody who understands how to use SEO.

Whilst some online marketing companies specialise solely in internet marketing strategies, it is also possible to find companies which will be able to come up with a marketing strategy that incorporates traditional marketing strategies as well. These marketing companies can be a good choice for growing local businesses who want to make their physical presence known in the local area, as well as over the internet. Traditional and online marketing companies are paid to think outside the box to develop new strategies which will help your company to stay ahead of the game.

Online marketing is far more complicated than simply creating a company website containing information about your business. An effective strategy can include targeted emails, viral videos advertising and article marketing, amongst other things. Online marketing strategies can be very differ to traditional marketing strategies and if you have not had any experience in marketing a company over the internet you should always turn to an online marketing company to promote your business.

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