Which Financial Institution Is Best For A Used Car Loan?

Availing a personal loan to finance the purchase of a used car is one of the ideal options owing to the considerable amount it offers at an affordable interest rate. Several financial institutions and NBFCs provide such used car loans to help you finance your purchase.

That being said, selecting the best financial institution can be much of a challenge owing to the lucrative benefits they provide. Hence, before you select your lender, consider the below-mentioned factors to choose the one that will suit your need, such as –

Eligibility criteria

Having stringent eligibility criteria can lower the chances of approval. It is thus advisable to opt for financial companies which offer loans against relaxed eligibility criteria. The better you fulfil the eligibility criteria before you apply for second hand car finance, the more beneficial terms will you be able to avail. To be eligible to apply you are required to:

• Be between 23 and 55 years of age.
• Hold a considerable salary and employment under an MNC, public or private company.
• Be a resident of India, residing in any of the cities where your lender would operate.

Besides, maintain the required CIBIL score for a personal loan for used cars, a minimum of 750 and above.




You can use a loan eligibility calculator to check if you qualify for such advances and then apply.

Documentation process

Used car loans necessitate substantial paperwork, more in comparison to other unsecured loans. While you apply, consider checking the documentation process of your lender. The list of the documents that you are required to submit include –

• KYC documents: Like Aadhaar card, PAN card, voter ID, passport, driving license, etc.
• Residential proof: Such as ration card, electricity bills, water bills, gas bills, telephone bills, etc.
• Income proof: Like salary slips, income tax returns, account statements, etc.

Additionally, you are also required to submit your employee ID card along with a passport-sized photograph.

Application process

Consider choosing NBFCs that offer a convenient application process. To apply for a used car loan you are required to:

• Visit your lender’s official website.
• Share the required details (personal and financial) to fill an application form.
• Depending on your financial portfolio, NBFCs offer you instant approval. As soon as your application gets approved a representative will get in touch with you and take you through the process.
• Submit the above mentioned documents to proceed for verification.

After the verification is completed, your loan amount will be credited to your bank account within 24 hours.

Interest rate

Your EMIs includes two components, the principal and the interest components. Availing advances at an affordable interest rate helps you keep the cost of your loan low and also lets you avoid the burden on your pocket. Once you know the interest rates, you can use a loan EMI calculator to estimate your monthly repayments and manage your finances accordingly.

To use a personal loan calculator, you are required to alter your loan amount and loan tenor to have an estimation of your EMI amount and total cost of your loan.

Bajaj Finserv is one such NBFC that offers used car loans at an attractive interest rate and is a host of several other benefits such as instant approval, quick disbursal within 24 hours, substantial loan amount of up to Rs.25 lakh, flexible tenor of up to 60 months, online account access, etc.

You can also enjoy pre-approved offers if you are an existing customer. Pre-approved offers reduce the hassle of application and help save your time. These offers are available on several financial products such as home loans, personal loans, business loans, professional loans, etc. To check your pre-approved offer, you are required to share minimal details like your name and phone number.

Before you decide on the loan amount, consider analyzing your income stability to support your EMI payments and the price of your car. Avoid availing more than what you need as the repayments could be substantial on your budget.

Renew Your Home Office Equipment Without Losing Money

There is no better way to improve your working environment than renewing your home office equipment. Despite the idea being brilliant, doing it the wrong way may end up costing you a lot. That is why you need to come up with practical ways to do so. Some methods may require you to sell your iPhone while others don’t. 

The ideas below have proven to be very useful in ensuring you don’t waste too much money renewing or updating your home office equipment. You can use them to achieve your dream home office, inexpensively.

Go for affordable equipment

In case you have something that is completely damaged and needs a replacement, it is always a good idea to go for an affordable alternative. It may mean taking a second-hand chair or going for a new chair but one that costs a lower price. 

By doing so, you are going to have a piece of new furniture in your home office, and the good news is that it is not going to cost you a lot. When going for second-hand chairs, make sure you look out for any faults before purchasing. You want something that is in excellent condition for it to last longer.

Repurpose some things in your home

There are items in your home that are no longer in use. They are simply collecting dust in a corner somewhere. You may take these things, clean them, and see where they fit in your home office. 

For instance, you can take the shelf in your bedroom and use it as a work shelf where you keep your books and other working equipment. What makes this idea brilliant is the fact that you don't have to use any money but instead make use of the already available items.

Sell items you are no longer using

If you can't repurpose or reuse an item, you can sell them and get cash for specific office equipment. The first thing you should think of is to sell your iPhone. Platforms such as Sell My Mobile offer good cash for mobile phones such as iPhone 5s. 

That means you don’t have to worry about going through your bank account to get the money you need to renew your office equipment. The idea thus saves you cash while getting rid of phones that you are no longer using. It is a win-win situation, and the best part is that you get to update your home office equipment.

Trade with another item

Another method that works best is trading equipment for another. There are so many people out there who have what you want, and you have what they want. Figure out where to get those people. 

You may enquire from friends or search online. Once you find them, go ahead and make a trade. Doing so, you get to lose what you don't want for what you want. It is an excellent way of getting something you can’t get even if you sell your iPhone. 

It is also an easy way to update your office without losing money. What makes this method more difficult than that of selling your iPhone 6s is the fact that finding people to trade is somehow tricky.

The information above contains remarkable ways through which you can update your home office equipment without spending a lot. Some like selling your iPhone 5s or iPhone 6s can help you make the changes you need without spending your savings. 

The best part about each of the methods above is that they are not only convenient but also very useful. You have to apply them appropriately.

Buy a Second Phone for Work without Spending a Fortune

Every job is important and these days using a mobile at work is a vital part of being efficient and informed. However, you might be reluctant to use your expensive smartphone that's not only stylish but packed full of personal photographs and data. Purchasing a second phone can be the perfect solution. 

You'll be relieved to know it needn't cost a fortune if you select a refurbished handset from Compare My Mobile. You'll find a great range of deals that are easily affordable. A slightly older phone that still has all the features you need will usually be available at a fraction of the original cost. 

It allows you the chance to purchase outright and have the convenience of a pay as you go tariff.

Reliable

With a strict vetting procedure in place to monitor vendors, you can choose a second phone with confidence. A refurbished phone has been tested and repaired if needed by a fully qualified technician. It should continue to function at its maximum capacity as it did when it was new. In fact, some refurbished models are new. 

There have been such fast developments in mobile technology that models can be considered out of date not long after launching and be traded in before they have been used. Other handsets might have acquired a few scratches but after all, they could pick up a few more when you use them for work.

Great Choice

When you read the listings at a site such as Compare My Mobile you'll soon notice the great range of famous brands and affordable prices. If you want sturdy reliability check out the Samsung range where you'll find features to suit whatever type of job you do. 

If you need communication but not much storage space, the Samsung S5 Mini in black or white has just 16GB. An unlocked model that's around five years old could be yours for a remarkably low outlay. Alternatively, the S5 offers 16GB or 32GB which can expand up to 256GB with a micro SD. 

It's powered by a Qualcomm Snapdragon 801 Quad Core processor which should provide a streamlined performance. You can have twenty-one hours of chat time and the mobile can be left on standby for sixteen days while you enjoy your holiday break. Both S5 versions have a large 5.1 inch screen display with 2,500 x 1,440 pixels. Other deals in a lower price range could include the Note 3 and the Galaxy S4 Zoom.

Secure

If you need a phone as high powered as your job, consider the impressive Galaxy S7 Edge that was released in 2016. It has a sleek exterior that's available in black, white, silver, blue and gold. There is useful storage ranging from 32GB up to 128GB which can expand to 512GB with a micro SD. 

It also has fingerprint identification and Bluetooth connectivity. If your job is particularly demanding a refurbished Galaxy S8 or S8 Plus could be ideal. The streamlined outer casings in black, grey or silver are rated at IP68 which means they are perfect if you have to work out in the rain or in a dusty environment. 

The 8 and 8 Plus are fast in operation due to innovative 10nm processors. Combined with storage of 256GB, an extra large screen of 6.2 inches and iris identification for security they are powerful and versatile. And even if it's only for work, there are some great deals for refurbished Samsung phones.

Things to Consider When Choosing Business Broadband

Image by Gerd Altmann from Pixabay 

Fast Internet has become vital in the age of digital communication and business. However, figuring out the best deals can be tricky. The wrong choice can leave you paying a lot but receiving little. To start with, always consider the following.

1. Download Limits

Your data requirements are set by the type of business you run. Some businesses can save money by opting for a set limit but for larger businesses or anyone dealing with large files like video, unlimited downloads are essential.

2. Location

Find out which provider offers the best service in your area. The best deals may come from Vodafone, SSE or someone you would not expect so research every option. If your business is located somewhere rural you will have fewer options and it is even more important that you find a reliable broadband provider.

3. Price

At the end of the day, you get what you pay for. Finding the balance between quality and price is important. Saving money does not help if the service does not function. The question you need to ask is whether your business can afford to have an unreliable Internet connection. If the answer is "no" then pay extra.

4. Cloud Storage

If your business relies upon cloud storage then you need to ensure your Internet connection can handle it. The space you require depends on the size of your business and the type of file you need to store. The last thing anyone needs is to suddenly run out of cloud storage when you are part way through an important backup.

5. Customer Service

Businesses have much more complex requirements than home users. High-quality tech support is the only way to deal with certain issues. When your internet is down, you need companies that you can rely on potentially at any time of the day so it may be worth prioritizing a larger company like Vodafone or SSE.

6. Download and Upload Speed

Paying for a download speed of hundreds of megabytes per second is pointless if your company will never utilize it. If the only files you need to transmit are text documents and spreadsheets then pick a cheaper package instead of paying for the very best.

7. Contract Length

Despite your best efforts, you may still end up with a contract that is less than perfectly suited to your business. You do not want to be tied to the same contract for years after discovering it is wrong for you. If you are less than totally sure about your requirements and whether the contracts you are considering can fulfill them, it may be best to opt for a shorter contract so you have the freedom to change sooner rather than later.

8. Security

Cyber security is essential for any modern business of any size and your broadband provider can provide assistance. Some packages come with extras like security packages that can offer firewalls, anti-virus software, spam filters and more. Remember that since you will need to invest in security anyway, it may be cheaper to get it as part of an Internet package.

9. Mobile Data

High-speed mobile data is now available in most places across the country. This helps as smartphones and tablets have become more and more ubiquitous for doing business on the move. If you need to travel often or need to use mobile devices regularly for any other reason, then it is in your best interest to find a broadband provider that can offer a decent mobile connection in addition to the landline.

How to Save Money on Monthly Internet Service Expenses

Reliable Internet services are simply a necessity in modern society, whether in a business or at a private residence. The monthly costs of service, however, can be substantial, and you might be wondering if there are ways to save. Here are some methods to do just that.

Take Advantage of Special Offers

Internet service providers often have special sales where they offer services at a discounted rate, usually for a set amount of time. This is common when you sign up for service as a new customer but might also be offered at various times throughout the year. Take advantage of these deals whenever possible to pay the least amount for Internet service.

Bundle with Other Services

Most companies offer discounts on services if you buy them together. For example, they may bundle Internet and cable TV together into a monthly package that is cheaper than either service would be on its own. 



It’s important to note that you shouldn’t buy services you don’t want or need because you’ll actually be spending more. But if you want cable TV or a phone line, buying it through the same company as your Internet can save you some money.

Shop Around

Companies want to stay competitive, so one provider might be offering comparable services for a lower price. If you don’t need the Internet with high speeds and lots of bandwidth, some basic services exist that are often much cheaper as well. 

Be sure to only look at providers that offer service in your area, for example, Internet providers in the Phoenix, AZ area. The best deals will mean nothing if the provider doesn’t operate in your area or if you get a weak signal that causes the Internet to not function properly.

Buy Equipment Rather Than Rent

Many Internet service providers give you the option of renting a modem or router from them for a small monthly fee. However, you can buy these devices (or a device that has both in one) for a one-time cost that is usually cheaper than paying to rent them every month. 

Buying one yourself also ensures you get a quality device that will often provide you faster Internet and better meet your usage needs. This is especially important if your household regularly has several devices connected to the Internet or you need heavy performance for uses like online gaming.

There are ways to cut down on your Internet costs. Carefully consider your needs and then shop around for the best arrangement that meets them. This can save you valuable cash that could be better spent elsewhere.

How Seniors Can Manage Rising Healthcare Costs

Aging isn’t fun for many people. Retirement and the free time it gives you is countered by increased aches and illnesses and rising healthcare costs. Even if you’re on a fixed income as a senior, there are several things you can do to manage rising healthcare costs.

Take Advantage of Your Free Time

The flexible schedule of retirement means you can find time to eat healthily, get plenty of sleep, and exercise daily. These preventive steps can improve your overall health, decreasing your healthcare expenses. While you’re at it, make sure you get your annual flu, shingles, and pneumonia shots.

Understand Your Healthcare Coverage

Whether you have private insurance, Medicare, Medicaid, or a combination of coverage, take time to read the policies and understand what’s covered. Compare what’s covered in your policy to the bills you receive and make sure that you’re not paying for anything that should be covered. 



You should also ensure that you know which pharmacies are in-network and determine if you might save more money by using mail-order prescriptions.

Consider All Your Assistance Options

When you start to need assistance with cooking, cleaning, taking medications or other tasks of daily living, your first thought might be an assisted living or nursing home. But before you leap to that often expensive option, consider in-home senior care first. 

In-home senior care allows you to remain in the comfort of your own home while also getting the assistance you need. It’s often a fraction of the cost of moving into a facility.

Borrow Medical Equipment

There may be times you need a wheelchair, walker, crutches or other medical equipment, but only for a little while. If you know you won’t need medical equipment permanently, or you’re not sure, try borrowing it from a medical equipment lending closest. 

The equipment is in perfect condition, cleaned and sanitized before lending it out again. This can save you an enormous amount of money, especially if you’ll need more than one piece of equipment—graduating from a wheelchair to a walker to crutches after a leg or hip surgery, for example.

Healthcare is a necessity throughout life, but especially as you age. But it’s not entirely non-negotiable. If you know what to look for and the steps to take, you can make your healthcare more affordable. Whether you’re counting your pennies or looking to have a little extra fun money, saving money is always welcome.