July 05, 2018

5 Instances Wherein a Personal Loan Can Rescue You

Personal Loan Can Rescue You
Throughout life, there are various reasons why you may need to look into taking out a personal loan. Instead of being ashamed of it, you should view personal loans as a chance to change your financial situation and an opportunity to transform your economic outlook immensely.

If you are looking to get a personal loan, then keep in mind that the best bank in the UAE will use your credit score as the primary determining factor to decide if you are a desirable candidate for this loan. Furthermore, your credit score will be used to determine how much money you will collect and what your interest rate will be.

Here are five instances wherein a personal loan can rescue you.

1. If you need to consolidate your debt

Generally, the most common reason why people acquire a personal loan is to consolidate their debt. This can work by either paying off current high-interest debt with a lower-interest personal loan or by merging present debt obligations into one personal loan to make debt repayment more orderly and less overwhelming.

By opting to use a personal loan to solidify a high-interest credit card debt, you will be in a position to receive a lower interest rate to assist you in paying off your debt sooner.

That being said, you can't use having a personal loan as an excuse not to deal with your current debt. Instead, you must view obtaining a personal loan as an opportunity to take advantage of the lower interest rate and lower monthly payments, and accelerate the time it takes you to pay off your credit card debt.

2. If you need to pay for a large purchase

There are many scenarios wherein an individual, a couple, or a family need to make a large purchase — and right away. Perhaps you desperately need new appliances in your kitchen, furniture in your living room, equipment for your business, or something else similar.

In scenarios wherein you know you need to pay for a large purchase that simply cannot wait, you can look for a personal loan to make it easier to get.

Additionally, if you are looking to purchase a product on hire purchase or credit, then it would be better to take out a personal loan and pay up front in full than add the cost to a credit card.

3. If you are facing a medical emergency

Unfortunately, there are many events and circumstances in life that we can't all always be fully prepared for. When it comes to medical emergencies, often the cash that is needed to pay the bills is unavailable at a moment's notice.

In situations involving a medical emergency, a personal loan can make a significant difference as it can aid you in paying for any necessary emergency costs without adding more stress to what you are already going through.

4. If you have just graduated

Right after you graduate from university, there is a high chance that you aren't making the amount of money that you expect to be making in a few years. In fact, those first few years after graduation can be some of the scariest, especially if you are burdened with student loans and other debts.

That being said, you are probably confident that in a few years, your situation will be different as your income finally starts to increase and reflect your higher education.

However, while it may seem harmless at the time to add a little more to the debt, if you are using credit cards to help you with living expenses right after university, then you may find your owed balance quickly adding up. A better solution to this issue is to take out a low-interest rate personal loan.

5. If you are getting married

Getting married is one of the most moving events in anyone's life, but it also can be one of the most expensive. While you could potentially spend years working and saving for your wedding, you could also finance the wedding, engagement ring, or even the honeymoon through a personal loan.

However, remember that taking out a loan, especially for such an important day, is not a decision to be taken lightly. Before you and your partner agree with this decision, you must ensure that you both comprehend the impact that this loan payment will have on your future life and expenses.

Before deciding on anything, spend some time producing a budget that examines all of the costs of the wedding and a plan for paying off everything.

A final word

As you can see, there are a variety of instances whereby taking out an easy personal loan is a useful option and may rescue you. If you find yourself in any of these situations and looking to either save money, pay for a sizeable one-off purchase, or meet an emergency need, then a personal loan may be your most excellent answer.

Have you ever taken out a personal loan? How are you dealing with debt? Let us start a conversation in the comments below!

May 24, 2018

Things to know about buying a house in summer 2018

Know about buying a house in 2018
You might have heard the conventional wisdom – the best season to buy a house is in spring. Sellers are keen during this time because they can showcase homes better. Gardens are in bloom, the weather is excellent, and spring is nearly always associated with happy events. But what if we told you that if you are a home buyer in 2018, aim for a summer buy.

Summer is typically associated with school holidays, a bit of gardening, picnics when it is not too hot. Although it may not sound like the season in which to embark on a house hunt, you would be surprised to know that plenty of houses get sold in the summer.

Throughout the UK, for example, the general trend is that residential sales have been higher in summer than in spring – every year since 2007.

May 21, 2018

Successful Business Tips Every Entrepreneur Needs To Know

Business Tips 2018 Every Entrepreneur Needs To Know

It is a dream to be an entrepreneur! No one loves to work with any boss and be yelled at five times a day! You want to be your own boss and run a company, based on your terms and conditions. That’s what entrepreneurs get to experience and that’s why there is a seamless rise of new ventures by novices on a daily basis. Now, while competing in this hardcore world, you are mostly up and against some of the big names in the market.

Trying to cope up with their working strategies and then outsmarting them is a big challenge. So, unless you are properly sure of what to do next, you won’t succeed. So, let’s just dive right into some strategies and business tips, designed specifically for the entrepreneurs out there.

Positive attitude is the key:

For increasing success rate, your attitude plays a pivotal role. It is always important for the entrepreneurs to achieve that at the same time. Yes, it is no doubt that you need talent, skill and knowledge to be a name to watch out for. But, your competitors will have the same traits like you do. Then what will set you guys apart? That will be your positive lookout for all the businesses you are about to handle. For some people, it is always a challenge to maintain positive mindset, but if you can win over that, money is the secondary point in your list for gaining success.

May 20, 2018

Bajaj Allianz Life Insurance Launches Digital Branches Through Mosambee

Life Insurance Plans in India
Bajaj Allianz is a combined undertaking which incorporates both global expertise and local experience between Bajaj Finsery Limited and Allianz SE. Starting their journey in the year 2001, the company has become to be one the top insurance company brands in India.

This Life Insurance provides a number of plans that incorporate minimum investment for greater returns. The company is best reputed for their investment plans, their long term and short terms planes, child plans, pension plans etc.

Bajaj Allianz Life Insurance Plans

It is best known for their life insurance plans. There are a number of life insurance plans that are offered by the company itself. The plans all vary from one another depending on the type of plan, the entry age, the maturity age and the annual premium that needs to be deposited by the insurer.

The different types of plans that are offered by the company all meant for different purposes. Some of the types of plans that are offered by this include:

• Term Insurance Plan.
• Unit-Linked Endowment Plan.
• Unit-Linked Pension Plan.
• Traditional Child Plan.
• Traditional Empowerment Plan.
• Non-Linked Whole Life Plan.

Bajaj Allianz Plans in Detail

The Bajaj Allianz term plans are those plans that are meant to provide a large sum of money at the end of a contract to the insurer’s company. This plan is a safety plan meant to provide stability to the members of the insurer’s family in the event of an unforeseen death.

The Bajaj Allianz unit linked insurance plan is where an individual can invest their money in variable proportions in equity, money market instruments, bank deposits, debt etc.

Pension plans are those plans that are meant to provide financial help to the insurer during their old age time. The Bajaj Allianz pension plan is tailored in a way in order to give thee insurer the same lifestyle that they have even after they retire.

The child plans provided by the company are made in a way in order to secure the future of any child financially either in the field of higher education, their studies or even their marriage.

Investment plans from Bajaj Allianz are so that a certain amount is definitely returned to the insurer after the plan has matured. For this plan, the insurer deposits a certain amount of money as premium as a monthly/annual basis. At the maturity of the plan, the entire money is given back to the insurer along with interest.

The women insurance plan caters to only women insurers who can use this plan for medical solutions, savings, retirement solutions or can use the plan for different types of investments during their lifetime.

Bajaj Allianz Life Insurance Digital Branches Through Mosambee

For the purpose of expanding the horizons of their services, it has started the acceptance of digital services through the offering in Mozambee. A handheld mobile device that assists customer through providing a variety of customer services like premium payment certificates, account statements, paying insurance renewal premiums etc.

The greatest benefit of this particular service is for the customers. Customers can pay their annual premiums for their insurance plan through whichever way that they want, be it through bank transfer, cheque or even DD’s.
The prime objective of introducing digital branches through Mosambee is to improve the customer service of Bajaj Allianz as a whole. Customers can now easily get the type of insurance that they want through this method. Those individuals who have insurances can easily pay their premiums through digital branches as well. All in all, the improved customer interactivity with the company through digital branches introduced by Mosambee has helped the work efficiency of the company as a whole.

Eligibility for Applying for a Bajaj Allianz Life Insurance Plan


For applying for a Bajaj Allianz Life Insurance plan there are certain conditions that need to be fulfilled on the end of the insurer. The individual who is buying the plan needs to be the legal age of 18 years or above. The maximum age at which an individual can apply for the same plan is 60 years.

Only those individuals who are employed under a company or an individual or who are self employed can apply for this plan. The individual needs to be employed unless they cannot fulfill the condition for filling the premium for the insurance plan.

Documents Required for Availing a Bajaj Allianz Insurance Plan

Bajaj Allianz Insurance plan can be bough on an online and also on an offline basis. Through both the methods of getting the plan, the insurer needs to fill a form and submit a number of documents to the company.
The documents that are generally asked to be given on behalf of the insurer to the company are identity proof, age proof, income proof, address proof and PAN card or Aadhar card.

Providing Aadhar card or PAN card and sometimes both is a necessity for the insurance company as per the new laws that have been provided from the Government of India. Aadhar card and PAN card need to be linked to all insurance accounts for the safety of the customer.