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pao beg roorkee monthly statement


Loan Faqs
Faq

What is a Monthly Reducing Balance? :

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Faq

is the interest charged/calculated? :

Based on the bank the Interest is calculated on a monthly reducing balance or an annual reducing balance basis.
Loan Blogs
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Basics of home loan

A house to live is a basic necessity for every person. Banks and other financial institutions offer home loans to people who meet the required eligibility criteria. It helps those people who can not afford to pay the full price of a house. To avail of the facility of a home loan you need to have...
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Why loan against property is a good option

If you need money for any specific need like marriage, business expansion, foreign education then a good way to raise money is to get a loan against your property. The only condition for that is that you need to own a valuable asset in the form of a self-occupied house or a commercial property....
Insurance Faqs
Faq

How can I pay for my travel policy in installments? :

If you purchase your policy online using a credit card, the monthly installments get automatically charged on your credit card and is reflected in your monthly statement.
Faq

What is a premium? :

Premium is the amount of money you pay monthly, quarterly or annually for continuing the insurance policy. The amount of the premium is decided at the time of the purchase of the policy.
Insurance Blogs
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Basics of life insurance

Life insurance provides a family with financial support in the case of death of the breadwinner of the family. According to a life insurance policy, a fixed amount of money is paid to the insured or the beneficiary at the end of its term or upon the death of the insured. Life insurance also...
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Deciding about the amount of life insurance

People go for various life insurance policies due to their many benefits. The amount of life insurance depends on many factors. Ideally the sum assured should provide for all the needs of your family like children's education and marriage while meeting the daily basic expenses when the insured...



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