The Indian financial market was introduced to the reverse mortgage loan (RML) in 2007, allowing pensioners older than 60 years of age secure a steady stream of income to pay for their daily expenses. It allows an individual to borrow from their home’s equity without paying any mortgage payments. It is a great option for seniors who own a house; RMLs usually disburse 40% to 50% or a residential property’s market value, which can accumulate to a significant amount and compare with other feature-rich secured credits like a loan against…
Read MoreAuthor: Dan ride
Tips to Get a Credit Card Online
As of December 2018, the Reserve Bank of India has already issued 44.2 million credit cards across India, which is an 8.7 million addition of active credit accounts from its previous year. This indicates the rising demand for credit cards in Indian financial system. However, how to get a credit card is still a question that many individuals are still trying to figure out. To answer this, candidates can apply for a credit card via online or offline mode. The online mode has gained more recognition in recent times because…
Read More