Money Saving Tips

Home Renovation/Improvement Loans https://www.fundstiger.com/home-improvement-loans/ A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space. Loan Amount The maximum  Home Improvement Loan  amount can go up up to 90% of the market value of the property. Loan repayment tenure can be up to 30 years. Eligibility Criteria Eligibility factors for home improvement loans are similar to that of a housing loan. You can apply for house renovation loans either individually or jointly. All owners of a home or property for the renovation of which the loan is availed must be co-applicants. The minimum age limit to apply for loan should be 21 years. Repayments have to be completed before the age of 60 years (salaried employees) and 65 years (self em...

Home Renovation Cost https://www.fundstiger.com/home-renovation-cost/ Are you looking to restore or renovate your home? Calculating the exact cost of the restoration can be difficult. There are many things you must take into account while preparing your budget. It is always a good idea to keep some money aside for miscellaneous expenses. Hidden costs refer to the expenses you might have overlooked while preparing your renovation budget. Therefore, it is a good idea to develop a checklist of expenses before you begin. Hidden cost in renovating your Home 1. Structural Renovation Structural repair costs could run to a substantial amount if it includes repairing structural issues as well as the design of your home. These could include changing the flooring, modifying the ceilings, combining or making additional rooms, painting, leakage repair, adding doors and windows, etc. For example, while renovating your kitchen, you come across bugs in your kitchen cupboard. You...

New Income Tax Rules: No escape just by Paying Penalty https://www.fundstiger.com/new-income-tax-rules/ The revised guidelines issued by the Income Tax department have made serious offences under the black money and benami laws generally non-compoundable. It means that an individual or an entity would not be able to get away by just paying the tax demand, penalty and interest, under the new Income Tax rules. The new Income Tax rules kicked from June 17. It will be applicable to all cases for compounding received on or after this date. Listing 13 cases, where the offences are not to be generally compounded, and also grouping the offences in two parts, the Central Board of Direct Taxes (CBDT) has directed its senior officers to circulate the revised guidelines for compliance by concerned authorities. The earlier CBDT guidelines permitted compounding of offences relating to undisclosed foreign bank accounts and overseas assets, if the taxpayer has cooperated and paid th...

Home Loan under PMAY https://www.fundstiger.com/pmay-home-loan/ Pradhan Mantri Awas Yojana (PMAY) Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase/construction/extension/improvement of house to cater Economical Weaker Section (EWS)/Lower Income Group (LIG)/Middle Income Group (MIG), given the projected growth of urbanization & the consequent housing demands in India. The PMAY mission has four distinct components namely, In-situ Slum Redevelopment with private sector participation using land as a resource, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership with private and public sector and Beneficiary led house construction/enhancement. The central government will provide assistance in the range of ₹100,000 to ₹230,000 under these components. Features of PMAY...

What Credit Score do I need to get a Personal Loan? https://www.fundstiger.com/credit-score-personal-loan/ The range of CIBIL Score is 300–900, usually Credit Score above 700 are considered to be good. But less than 700 score doesn’t mean you have a bad Score, it is an average Score. More importantly, you can get loans from many NBFCs and Banks with this score. But note that you can work towards improving your score above 700 .Your credit score plays a key role when you apply for a loan. The following ways will help you in understanding your Credit Score:- Credit Report It is a detailed report of your credit history. Credit bureaus collect information from various sources (lender like banks, credit card companies and NBFCs) to create your credit report. Credit bureaus charge Rs 300-500 for providing a credit report. Credit Score Though the score ranges between 300 and 900, the average is 700. The higher the score, the lower is your risk profile and easier for...

How millennials can reduce Lifestyle Borrowing? https://www.fundstiger.com/millennial-lifestyle-borrowing/ Indians are borrowing more. Not only has the number of borrowers increased over the past decade, the ticket sizes of loans have also shot up. Millennial borrowers are financing their lifestyle spending by taking short-term loans and swiping their credit cards at will. With the advent of easy loans offered by digital lending platforms, this trend has seen a further spike. But there is a darker side to watch out for because the more one borrows; the deeper they can sink into a debt trap. A recent research report shows that there is a 55 % surge in personal loans for travel purposes with 85% of the borrowers being millennials. It will be interesting to find out the driving force for this trend. How to reduce lifestyle borrowings? Chalking out a monthly budget plan and deciding to make prudent investments can be a difficult task for a millennial. Prioritizing your bu...

Why Partner with FundsTiger? https://www.fundstiger.com/partner-fundstiger/ In our journey to bring good credit finance to all deserving small businesses, we consistently seek good partners who can help our borrowers get access to capital. If you are a lending institution such as Bank or NBFC – we would love to talk with you and seek ways to mutually benefit. We can bring you swift access to good borrowers thus giving you good returns with a superior supporting service leveraged by technology. Reasons for becoming Partner with FundsTiger 1.Earn High Payouts Payout is the expected financial return or monetary disbursement for every case being disbursed by you. We FundsTiger provide a generous ratio of payouts compared to other DSA’s for all our partners who get their case disbursed. There is unlimited potential for earning you can easily earn Rs. 2,00,000 per month. 2.Transparent Process The process starting from getting a file from the Partners till the disburseme...