1. Anytime, Anywhere Access to Personal Loans
Online loan app offer 24x7 access to personal loans. You can conveniently download the lender's app from Google PlayStore, create your profile, and apply for the loan. However, remember that not all online personal loan apps are genuine. A credible lender must have an operational website containing comprehensive details about the loan and their contact address. 2. Convenient Application Process Online loan apps provide a seamless platform to apply for a personal loan. The lender's app saves you from the hassles of visiting the lender's branch office. You can apply for the loan through the app and check all details about the loan. The app's dashboard gives you an insight into the total repayment amount, the amount paid, and the due amount. 3. No-Frills Documentation An online personal loan app simplifies documentation. You need to submit some primary documents like Aadhar and PAN card, a four-month bank statement, salary slips, address proof, and a selfie photograph. You can upload the documents online anytime you want. 4. Easy Eligibility Online personal loan apps generally approve loans requested by salaried professionals earning up to INR 35,000 a month. However, the lender may scrutinize your loan application to verify the details before approving the loan. Any Indian citizen above the age of 18 is eligible to apply for a personal loan. 5. Low Rate of Interest Online loan apps usually charge an ultra-low interest rate of up to 2% per month. Compared to many other brick-and-mortar lenders, the interest rate of online personal loans is relatively more affordable. Moreover, you can repay the amount anytime before 8 months since you receive it. Hence, there is no risk of debt overload since you can clear off your debt conveniently within eight months. 6. Use The Amount For Any Purpose You can use the personal loan amount for any purpose. You can spend it for a wedding, travel, house construction, house purchase, home renovation, home repair, business debt consolidation, or any other personal reason. Online loan apps never ask you the purpose of asking for the loan. They only want you to ensure that you repay the EMIs on time since loan default may disrupt the growth of your credit score and cause you a penalty. 7. No Need For Physical Verification Unlike collateral-based loans like a home loan or property loan, the lender never verifies your pledged asset for approving the loan. Online loan apps offer collateral-free loans. Hence, you do not need to worry about pledging any precious thing you own. Instead, you can take the loan solely on the merit of your monthly income and credit score. 8. Low Processing Fee While conventional lenders generally charge a processing fee of up to 3% of the loan amount, most online personal loan apps in India levy a processing fee of INR 400/-. The processing fee is uniform irrespective of the loan amount. However, some lenders may still charge a higher fee. It is wise to check the loan terms before taking the loan. 9. Convenient Repayment Options Online loan apps allow repayments via UPI, NEFT, internet banking, e-wallets, debit cards, or cash via Vodafone mPesa. You can also give standing instruction to your bank, thereby minimizing the chances of loan default. 10. Absolute Peace of Mind Online loan apps are designed to make life simpler for borrowers. From a convenient application process to quick approval, minimal documentation, to easy eligibility, online personal loans offer many firsts. Conclusion When you need money urgently, time is of the essence. An online personal loan app can be your best bet in such situations. Ensure that you explore the pros and cons of such loans before submitting the application form.
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A world class city with a futuristic outlook, Dubai attracts people from all over the world and from all walks of life. Living in the city is a memorable experience, but there are some things you must immediately invest in to make your stay more fruitful. These are things that secure you and your loved ones, and ensure that not just the present but also the future is a safe and protected one.
What are some of the must-have things in Dubai? We tell you: #1 A Dubai duty free credit card from a good bank. You’re going to get a credit card anyway, so you should get one that offers a wide range of reward points and benefits. We suggest signing up for a Dubai duty free credit card from an upscale bank in the city. The Dubai duty free credit card offers 10% discounts at Dubai duty free stores, as well as retail protection insurance up to AED 1,500. Plus, this card protects you from online fraud with the Online Fraud Protection Guarantee, to keep your finances safe from phishers and hackers. However you must be a resident or have stayed in the city for a certain number of years to get this card. #2 A good air-conditioning system for the house. The weather veers towards extremes in Dubai, with high heat and humidity on one end of the scale to bone-chilling cold weather on the other. The city sometimes gets quick showers of rain as well. However, it remains hot for most parts of the year and sitting at home can feel like you are being slow roasted! Invest in a good air-conditioning system for the entire house so that every occupant can be comfortable even in the hottest months. Children and aged parents will particularly benefit from this. #3 A family car. The city has many exciting vistas to offer, and there are year-round entertainments on as well. You must have a mid- to large-sized family car to transport everybody to weekend picnics or events, take evenings off at the Corniche, go on shopping sprees during festive seasons, or just head out to eat dinner on a weeknight. The family car makes it possible to take road trips or short holidays by road when school vacations come around. #4 Exercise memberships for the whole family. The city has much to offer in terms of food, entertainment and fitness. Over the last decade, scores of exercise facilities have sprung up in various parts of the UAE, with Dubai and Abu Dhabi at the centre of the action. Being fit is a lifelong pursuit, and you are never too young or too old to take up a fitness activity. Right from the youngest child in the house to the oldest member of the family should take up some form of exercise to remain fit and healthy for as long as possible. We suggest buying exercise memberships that the entire family can use as per the areas of their interest. #5 A good life insurance policy. You are there today to provide for your family – but what about the future? If you are unfortunately absent from their lives, they might have to struggle to meet ends meet or pay household maintenance costs, children’s education expenses, etc. Get a life insurance policy with high coverage so that your family may not live in uncertainty in your absence. If possible, you should also get a good health insurance plan that coves the entire family to save your income from expensive treatment for future health problems. The 30s are a decade of settling into both your personal life and career. It is a time of challenge and responsibility, but you can handle it well if you manage your money properly:
#1 Pay off expensive debt as soon as you can. As a 30-something person, you most likely have some debt in the form of a car or home loan. Some people have credit card loans, too. This is the decade that you reconcile your savings and spends judiciously, and the first area to pare money spending is in the area of expensive debt. Make a plan to restructure your debt, and look for ways to pay off the debt as soon as you can. Being debt-free saves up a substantial portion of your income that you can use for your family’s goals. #2 Use credit cards responsibly. Almost every person in the UAE uses credit cards, but only a few are responsible with them. It is not enough to get the best platinum credit card in the UAE if you are unaware of how to use the card to your advantage. Do remember to use the bank’s credit in a way that you remain well within your monthly credit limit and pay the balance/bill before due date. Your credit utilisation ratio should be as low as possible to avoid paying interest on the card. When used correctly and responsibly, your platinum credit card can gift you a spate of rewards and experiences. Not only do the best platinum credit cards in the UAE offer a range of travel benefits, they also give reward points for shopping, insurance for travel, shopping and car rentals, concierge services and add-on cards for family members. #3 Save money every month, and even in between. It is never too early to inculcate the savings habit. A savings fund helps you on a rainy day, or pay for unexpected emergencies, or to simply plan for the future. But there is a trick to saving money that most people are unaware of: instead of waiting to save at the end of the month, set aside a portion of your income the moment you get paid. This way, you are certain of saving money instead of scraping together some money (or none at all) at the end of the month. It keeps you on course to create a sizeable savings fund for the future. Make sure you never withdraw from the account but only deposit money in it. #4 Start planning for your retirement. Your 30s are the best time to plan for your retirement. By now, you are clear about your financial goals and the age at which you can realistically retire. Set a retirement age, say 45 or 55 years, and work backwards from there. Invest in a pension scheme, buy term insurance that can be renewed or extended at maturity, and create a separate retirement savings fund. You might even consider investing in a second property to serve as your retirement house instead of maintaining your current large house post-retirement. By the time you retire, you should have a sizeable corpus waiting for you. #5 Curtail expenditure wherever possible. One of the most enduring ways to save money and create wealth is to curtail unnecessary expenditure. Take stock of your monthly expenses and cut out all the areas that you can do without. This includes curtailing shopping binges, driving more than necessary, eating out frequently, investing in expensive health memberships instead of running at the park, etc. As a greater portion of your income is now retained with these curbs, you can increase your savings allocation. The need for extra cash can arise suddenly, leaving you with little time to prepare. During such situations, the best option can be to avail of a loan to fulfil your financial obligations. With the facility of instant loan online india, now you no longer have to visit a bank and go through a lengthy process to get your loans approved. You can download an instant loan app in india and manage your financial crunch independently.
If you are in two minds, we have rounded up the benefits of loans to help you make an informed decision. Flexible Opting for a loan from a credible lender gives you the flexibility to return the loan at your pace. Of course, there will be a term defined, and you will be required to make regular instalments to clear your loan. However, it is always better than taking the money from a friend or family. For all you know, they may have a financial crisis tomorrow and expect you to return the amount then. Smooth Application Process All you need to apply for an instant loan through an app is a smartphone and your documents. After checking your eligibility, you can proceed to fill out your application on the app. You will be required to submit a few documents like your Aadhar card copy, income proof, PAN card copy and address proof. If you have all your papers in place, applying for a loan will not take you more than a couple of minutes. Quick Disbursal When you choose to avail of an instant loan online india, you will be surprised to know the speed at which the money gets credited into your account. After the approval of your online application and KYC, the disbursal can happen within one working day. If there is a medical emergency, this amount can help you get medical aid at the right time. Reasonable Interest Rates When you apply for a loan via an instant loan app in india, the interest rates are within reach of the common public. It will not burden your pocket and will not impede your monthly budget. You will be able to sail through your current situation or buy a product that needs priority at the moment without any hassles. Transparent Processing Fee Most instant loan apps are transparent about their processing fee and other charges related to loan disbursal. You can be rest assured that you will not be caught off-guard. If you have any doubts or want to be doubly sure, you can call customer care and check. Improves Credit Score Your credit history and score are a few parameters that help banks understand your ability to return the loan amount. With a reasonable score, the possibility of getting a bigger loan or a credit card gets enhanced by many folds. With regular and consistent repayments of your loan instalments, you can improve your credit score. Pre-close Your Loan If you are self-employed and happen to make good sales in a month, you can go ahead and close your loan before the tenure. However, you may want to check if there is any penalty or processing fee for foreclosing the loans. Financial Independence Finally, loans allow you to be financially independent in the truest sense. They help you manage your financial needs without having to ask anyone else for cash. It will give you the confidence to take on bigger matters in life. Conclusion It is a myth that loans are a financial burden. On the contrary, they help you meet your financial needs independently. With instant loans at your bay, now you can avail of them from the comfort of your homes. A lot of people are wary about using credit cards, because there are several myths associated with them. Chief among these is that they encourage reckless spending. But think about it – is reckless spending a function of a reckless spender, or a behaviour that a responsible spender might suddenly cultivate? If you are habituated to spending within your budget, paying all your bills on time and getting out of debt as soon as possible, you are a good candidate for a credit card.
Did you know that your credit card can keep your money safe? These are 4 ways in which it does: #1 You get access to a line of credit instead of finishing your account money. The fundamental difference between a credit card and a debit card, is that the former offers you access to a line of credit from a reputed bank. The latter is connected to your bank account, so any spends on it directly deduct money from your account. Whereas with a credit card, you can use the bank’s credit for free if you remain within your monthly credit limit and pay the balance/bill before due date. Thus, it is a more cost-effective and financially responsible way of spending money. #2 The best banks offer a range of offers – these save your money. Getting a credit card in Dubai is easy as pie, but not all cards are equally good. Always take a credit from a leading bank in the city, and start by checking your eligibility for the credit card. The credit card eligibility decides what kind of card the bank can give you, and the corresponding range of benefits. Usually, the higher your income and the more established your repayment ability, the better the range of rewards and experiences that the card issuer offers. If you have a higher income you can get a range of benefits on travel, concierge services, points for shopping at member outlets, eating out at certain partner establishments, and so on. These save money in the long run. #3 It helps build credit history. Credit card usage is one of the first behaviours potential lenders check when you apply for institutional funding. If you have a credit card and you use it responsibly – stay within your credit land and pay balances in full instead of carrying them over every month – it ends up adding to your credit score. This is a big plus when you seek a home or car loan in the future. #4 It protects against fraud and phishing attacks. One of the biggest advantages of using a credit card is that it keeps you safe from fraud and online theft, which a debit card cannot do. Credit cards offer greater protection, especially if they have been stolen and you report the loss within 24 hours. Doing so reduces your personal liability in the theft and you are not made to pay the amount that the thief swipes on the card. Second, the credit card is not linked to your bank account so a phisher or hacker cannot access your savings directly. If a transaction is made using your card, you can immediately stop it from processing any further ones with just one phone call to the bank. The hacker cannot steal using your credit card if they depend on its PIN; any theft can occur only if the actual card is stolen. A credit card can be a useful tool for managing your money and buying the things and experiences that you hold dear – plus, it’s safe to use! Are you considering platinum credit cards in UAE? These cards are the top choices for getting fabulous benefits and rewards. If you opt for platinum credit cards in UAE, you will be able to access several benefits. One of the key highlights is the Membership Rewards program where you can redeem your points for getting complimentary flights, hotel stays, upgrades along with getting annual waivers on fees with the FeeBack feature. You can also access more than 1,200 airport lounges worldwide under the Priority Pass program while also getting extensive global insurance, travel insurance (policy number being AMEX 13) and other benefits.
When you spend with your platinum credit cards in UAE, you do not have to pay any annual fees. You will have an annual rate of interest at 39% while you can either pay in full or pay via installments, depending upon your convenience. With the FeeBack facility, the annual fees for your platinum credit card will be credited back into the account when you spend a minimum of AED 10,000 on your purchases within the first three months of getting your card in hand. The complimentary membership may also continue for subsequent years in case you have spends going up to AED 40,000 on an annual basis. You will be earning up to two membership rewards points for every AED 4 that you are spending. Your points will not expire at all and you can accumulate the same and get them redeemed for enjoying several travel and lifestyle based rewards across 12 airline or 3 hospitality partners. Your travel card will help you easily access multiple airport lounges worldwide along with getting complimentary enrolment into the Priority Pass program as well. You will have the privilege of being welcomed at more than 1,200 VIP airport lounges across 143 countries throughout the globe. You will also get extensive travel accident insurance and travel inconvenience insurance up to AED 1,800,000 and AED 5,400 respectively. There is also retail protection insurance up to AED 5,400 for your benefit. You can easily track the status of your claims online along with submitting the same seamlessly. You only have to use AMEX 13 as your policy number as mentioned earlier. You will also enjoy retail protection insurance for each occurrence of accidental damage or any theft along with online fraud protection guarantee. There are innumerable worldwide and domestic offers which will be offered by American Express in tandem with customer service on a 24 hour basis too. Supplementary cards can be availed on your American Express credit card for immediate family members. Up to two complimentary such cards may be obtained for people who are above the age of 15. You can also expect online services galore including card activation, updating contact information, setting alert preferences for emails and SMSes, requesting for a supplementary card, referring a friend for tapping into the American Express Card benefits and earning your bonus membership rewards points likewise. If you are a resident of Kuwait or an expatriate there, opening a bank account in the banks of Kuwait is not challenging. You may have a bank account in Kuwait if you have the required documents to produce to the bank. If you have your civil ID and cash you may have a bank account in Kuwait. If you are working for a company and you want a salary account, the formalities will be done by the employer.
You will be entitled to a bank loan and other financial benefits after you have a bank account in Kuwait. You can do online banking also but you should be aware of everything about online banking. There are certain rules one should follow to do online banking. If you have a bank account in Kuwait, then also you should follow some golden rules for the safe online transaction. People want cashless transaction and you may like to go cashless. There are so many options to choose from. You may use your mobile phone and do mobile banking. You can bank from wherever you are in Kuwait or out of Kuwait. Even while travelling you cand do banking transactions through online banking. You can do it from your home, office or any other place. Technology comes to you as a great advantage for the online transaction provided you follow certain norms. If you don’t, you may lose your money. You should know how to keep your money safe and secure. To begin with, you should keep a strong password. At the same time, you should keep changing them frequently to defy frauds and hacking. An easy password can be known easily by some permutation and combination and it will cause you a great loss. You should avoid using your personal information as a password such as a name, date of birth, marriage anniversary, etc. Even if you have a strong password it is breakable by password breaking software. At the same time, you shouldn’t share your password with anyone because in these online transaction matters you cannot trust any person. The cards should be used at trusted places. Mobile phones or laptops should be protected by antivirus software. They will protect your transactions from spyware and malware. You should use your own device for online banking. It may happen that you have no other option but to do it from a public place, you should use the virtual keyboard. Your mobile phone should be password protected. In case your phone is stolen you should delete your data remotely. You should know how to do it. Hence, if you follow some ground rules of online banking your transactions and your money are safe. It takes little time to do some work to protect your transactions but it goes a long way giving you peace of mind. A loan is money, property or other goods given to someone in exchange for future repayment with interest and the principal amount. Loans are given by banks or financial institutions. It is also given by a money lender or even the government. The main source of income of many banks is the interest they earn on the loans given to people or institutions. Loan facility is available everywhere. It is available in all the states of a country without exception. There are loans in Kuwait also if you are a citizen of Kuwait.
Loans in Kuwait is available for the citizens or the foreigners living there. You may be having any need. You may need to buy a car, a house or you need to invest in the business. Loans in Kuwait are available with certain rate of interest and collateral or security. You can get consumer loan, housing loan, short-term loan, long-term loan, expatriate loan and so on through loans in Kuwait. A loan is borrowed for a fixed period with a repayment schedule. Every person at some point of life needs loans. Loans are generally good for people. The money thus borrowed is utilized in meeting the expenses such as purchasing house, a car, having a marriage in the family. A loan comes as a blessing to the one who has nobody else to turn to. Loans are most of the times advantageous no matter what purpose the loan is taken for. A loan is a good option because it helps you to tide over the financial crisis you may be facing at a certain point of time in your life. If a loan is used to create an asset it is a good loan. A good loan is the one which can be repaid by the borrower within the agreed period without any default. If the interest is paid along with the main amount, and if the borrower has the capability to service them, it will be a good loan. A home loan is a good loan because it provides you with an asset for life. It fulfils your dream of having your own home. As long as you can pay the monthly payments in the form of EMIs, the loan will remain a good loan. It is a good investment also. The price of real estate appreciates over time. You may sell your house in future to move to other cities. You may get a price after selling that is more than the price you paid for it. Here you are in profit. You may start your own business or you may want to expand your present business for a better financial future. in this situation, a business loan is going to be a good one for you. For education also loans are available. A person can build or further his or her career learning new skills and getting educated in prime institutions. So, education loans can also be considered as good loans. A loan is always a good idea provided you know that you are capable of repaying it in time. If a loan gives you an asset or helps you in the furtherance of your career, a loan is regarded as a very good idea. Today, people have understood the importance of savings and investments, and most of us do it regularly in order to get sizeable corpus to fulfil any financial goal. However, there comes a situation in almost everyone’s life that the money is required irrespective of savings. Here, the only option remains is to borrow money from someone, especially from the bank or financial institutions.
We can’t say the loan is the necessity in our life, but at one or the other instance, we need money desperately, and loans are availed. Banks also do understand the need for money in our life and are always ready to provide multiple types of loans that suit our needs best. The gulf countries like Kuwait welcome thousands of people every year for employment purpose. These expats need money in order to sustain their lifestyle. Furthermore, the residents or natives also have their own financial requirements. What do you think of while opting for a particular loan? It is seen that people go for the bank that offers comparatively competitive rates. Bearing this in mind, Kuwait bank rates for loans are desirable and help you get the more at given instalments. This is all because of the reducing balance method used while calculating the instalment. Regular Calculation Since long when the loan offers were initiated, the regular method was used, such as the instalment on the loan amount were decided throughout the tenure. E.g., if you are taking a loan of KD 50 thousand for 10 years, at a low interest of 6%, the instalment for the entire tenure would be fixed. This ultimately results in spending some extra amount on loan. However, to attract more people towards loans, banks today offer instalments that are calculated with another method, which is advantageous too. Reducing Balance Method Using this method, availing the loan has become more beneficial for the people. The principal amount of KD 50 thousand needs to be repaid, no doubt. But the instalment amount reduces as you pay it month on month. It is due to the amount is calculated on the remaining loan amount after each interval of repayment. This ultimately reduces your instalments and saves a lot of money. Kuwait bank rates are kept standard for most of the loans, which is 6% per annum. If you are confused in calculating the instalment entirely manually, you can use loan calculators available on the website of your bank. This way, you can get the exact amount of the instalment for a specific amount and for the particular tenure. The internet has changed the world drastically and made all those things easier, which could take the maximum time. Today, we can buy anything online which is delivered at the doorstep. Ecommerce is the new generation channel of business, but it’s not the only one which is available online. The banking sector is also transforming from traditional ways to online, offering multiple benefits.
The Gulf countries like Kuwait, also encourage mobile banking. It is due to less time and more convenience towards transactions that people need. Let’s see what the advantages of mobile banking are. Available all the time Mobile banking in Kuwait allows you to make use of banking irrespective of the time. It is available 24/7, anywhere, anytime! Serving to the needs of the people Using mobile banking in Kuwait, you are entitled to transfer funds to other accounts, invest your money into the desired market without interruptions, possibly less waiting time for requests and what not; you get it all. Paperless Transactions Now, you can get all the statements and information on the mobile screen, which leads to making the minimum use of paper. Many times, bank statements are sent to registered email IDs every month. This collectively saves printing costs, delivery costs and even paper costs, which is suitable for the eco-friendly cause. Superfast Banking Services Almost everyone uses a smartphone nowadays, with at least 3G connectivity. Mobile banking applications are internet based that help other features of the phone such as camera, and help you perform the task which you are looking for. Opening a new account and completing KYC is not a task of even five minutes. Location Based Services The bank tracks your location based on which you get notifications of the nearby services with recent offers. Security All the transactions made through mobile banking in Kuwait are real-time and fully secure with multi-level security such as pin and OTP based log-in. Customer Care The mobile banking app in Kuwait allows you to share your queries with customer care executives through chats, or even you can call them directly. Get the Desired Action Completed An app always assists you in all the processes, minimising all the errors. Choose any process you want; you will find everything is designed in a way to provide a seamless experience to the customer. In short, it is the solution for everything if you need your bank at your palm. You can do anything related to banking, anywhere, and anytime! |
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August 2022
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