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EMI Calculator IFSC Code Blogs FAQsTo know more about the bank holidays in August 2023, check the list below :
Date | Day | Holiday | States |
07 August | Wednesday | Haryali Teej | Many states across India |
08 August | Thursday | Tendong Lho Rum Faat | Sikkim |
15 August | Thursday | Independence Day | National Holiday |
16 August | Friday | De Jure Transfer Day | Puducherry |
15 August | Thursday | Parsi New Year | Maharashtra, Gujarat |
19 August | Monday | Raksha Bandhan | Many states across India |
19 August | Monday | Jhulan Purnima | Odisha |
Brief description of August Holidays 2024
Eid al Adha: The festival also known as Id-ul-Zuha or Bakr-Id is celebrated by the Muslim community. Often referred to as the festival of sacrifice, special prayers are held as part of the festival. On the day of the festival, people wear new clothes, greet others and offer gifts to their near and dear ones. A sheep or goat is sacrificed on the day and its meat is shared with family members, neighbors, and the poor.
Raksha Bandhan: Raksha Bandhan is a festival that observes the love between a brother and sister. On the day of the festival, a sister ties rakhi on her brother’s wrist in the presence of the family. The brother in return promises to take care of his sister and offer special gifts.
Jhulan Purnima: It is another important festival for the followers of Lord Krishna. The festival celebrates the Radha-Krishna attachment together with the romantic passion of the rainy season. As part of the festival, idols are both Radha and Krishna and decorated and placed on an ornate swing. People visit temples and swing the deities amidst bhajans and kirtans recited by priests. Special aartis are held in temples on the occasion.
Ker Puja: The festival is held after two weeks of Kharchi Puja. The puja is done to honor Ker, the guardian deity of Vastu Devata. As part of the puja, offerings and sacrifices are made to the deity. Once the puja is done by the devotees, they take part in singing and dancing.
Tendong Lho Rum Faat: It is one of the most important festivals celebrated in Sikkim. As part of the three-day festival, prayers are offered to Mount Tendong. People prepare a model of the mountain with nine stones and worship it. To seek blessings, people sing and dance wearing masks. The festival holds special significance for the Lepcha tribe.
Janmashtami: Janmashtami is celebrated to mark the birth of Lord Krishna. It is celebrated with a lot of devotion on the eighth day of the dark fortnight in the Hindu month of Bhadon. The festival is celebrated at midnight as it is believed that Krishna was born on a dark, stormy, and windy night. As part of the festival, pujas and aartis are held in various parts of the country.
Patriot’s Day: The day is observed in Manipur to pay tributes to the heroes who laid down their lives while fighting the British during the Anglo-Manipuri war. A state program is held every year on the day to pay tributes to the brave hearts.
Independence Day: A national holiday, the day commemorates the country’s independence from British rule. While the main celebration takes place at Red Fort in New Delhi, various functions are held in different states of the country. As part of the festival, the national flag is unfurled, patriotic programs are organized, and the freedom fighters who laid down their lives are remembered.
Parsi New Year: The day is celebrated to mark the beginning of the Iranian calendar. The day also known as Jamshed-i-Nouraz is celebrated with a lot of enthusiasm.
Baba Sri Chand Ji Jayanti: The day commemorates the birthday of Sri Chand, the eldest son of Guru Nanak. On that day, people remember the life of Sri Chand and his preaching. Special events are held to mark the occasion.
Ayankali Jayanthi: The day is celebrated to honor Ayankali, a social reformer who worked extensively for the development of those who were treated as outcasts. On the day, his efforts are remembered, and tributes are paid in different parts of Kerala.
Ramdev Jayanti: The day is celebrated to commemorate the birth of Baba Ramdev, a Rajasthani king who ruled over Pokhran in the 14th century. Considered to be an incarnation of Lord Krishna, it is believed that he possessed spiritual powers. On the day, temples built for him are decorated. People prepare special meals as well as offer toy wooden horses with new clothes in the temples. Ramdev Jayanti is celebrated on the second day of Shukla Paksha in the Hindu month of Bhadrapada.
Ashura: It is the tenth day of Muharram. It commemorates the death of the grandson of the Islamic prophet Muhammad as well as marks the climax of the Remembrance of Muharram. For Shia Muslims, Ashura is not a festival but a sad event. It is a period of grief and mourning. People assemble at mosques to lament and grieve the martyrdom of Husayn. It is believed that taking part in Ashura washes away one’s sins.
Thiruvonam: The tenth and final day of the Onam festival is known as Thiruvonam. The day is important for the Malayali community as it is believed that Lord Mahabali comes to visit his people. Special prayers are performed on the day to seek divine blessings and a grand feast called ‘Onasadya’ is arranged. The feast which mainly consists of 9 courses is an indispensable part of Thiruvonam as it reflects the spirit of the season.
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A personal loan is a credit facility that does not require collateral and is offered by banks and NBFCs to employed individuals. IndiaLends, the largest online personal loan provider in the country, has assisted over 150,000 customers and collaborates with more than 70+ RBI-Approved partners to offer personal loans tailored to different customer profiles. Here are some notable features of the convenient personal loans available through IndiaLends.
Personal Loan Interest Rate
The interest rates offered to customers are subject to variation based on their individual profiles. Typically, loan rates begin at approximately 10.25%. To improve the likelihood of obtaining a loan at a lower interest rate, it is advisable to maintain a strong credit history. Ideally, a CIBIL score above 750 is considered favorable.
Personal Loan Tenure
The repayment period for a Personal Loan typically ranges from 3 months to 6 years, allowing borrowers to choose a tenure that aligns with their requirements. Whether one needs a short-term or long-term loan, they have the flexibility to select a suitable repayment duration. However, it is crucial to ensure that the Equated Monthly Installment (EMI) amount is manageable and can be comfortably repaid each month.
Documents required to apply for a Personal loan
Financial institutions typically require certain documents before approving and disbursing a loan. These documents include identification proof, address proof, a copy of the PAN card, salary slips, recent bank statements, photographs, ECS mandates, and post-dated cheques.
Personal Loan With Zero Pre-Payment Fee
Certain NBFCs offer customers the flexibility to fully repay the loan amount or make partial pre-payments towards the principal. However, specific terms and conditions are typically associated with such pre-payments. For instance, pre-payment is usually allowed after 12 months, and a pre-payment fee may be levied on the repaid amount. Nevertheless, these terms may vary depending on the product, so it is essential to seek clarification from your lender regarding pre-payment policies before the loan disbursal.
Low-Interest Personal Loan
As discussed earlier, the interest rates for personal loans can vary based on the customer's profile. IndiaLends employs algorithms to strive to obtain the most competitive interest rate product available for each customer.
Personal Loan From Banks
Banks are financial institutions registered with the Reserve Bank of India (RBI) and engaged in various activities such as accepting deposits and providing loans. In addition to universal banks, the RBI has recently introduced payment banks and small finance banks. However, only universal banks and small finance banks are authorized to lend to individuals. Applying through IndiaLends offers the simplest method to obtain a personal loan from the leading banks in the country. IndiaLends has established collaborations with renowned banks and NBFCs, including HDFC, ICICI, RBL, IndusInd, Kotak, Yes Bank, and more.
Personal Loan From NBFCs
NBFCs are non-banking financial institutions registered with the Reserve Bank of India (RBI), primarily engaged in lending to individuals and businesses. Unlike banks, NBFCs are generally not authorized to accept customer deposits. They rely on borrowing funds from banks for their lending activities, which often results in comparatively higher interest rates on Personal Loans than those offered by banks. Additionally, NBFCs tend to cater to a higher-risk profile segment, leading to higher acceptance rates for loan applications.
New To Credit Loans
Although CIBIL and Experian maintain records for more than 150 million individuals, a significant majority have never borrowed from an RBI-regulated financial institution that is a member of a credit bureau. As a result, these individuals lack a credit bureau record, meaning they have no credit history or credit score. Due to the absence of a credit file, they often encounter difficulties in securing loans from financial institutions. However, IndiaLends has forged special partnerships with various banks, enabling them to assist some individuals who are new to credit (with thin credit files) in accessing low-interest personal loans.
Recently Declined Personal Loan Application
A significant number of consumers face loan application rejections from banks due to factors such as inadequate credit history, limited affordability, insufficient supporting documents, and more. However, IndiaLends can assist some of these customers in obtaining affordable loans through collaborations with specialized NBFCs.
Banks and NBFCs Partners
IndiaLends has established partnerships with a comprehensive range of lending institutions, encompassing both prominent and smaller entities. Our collaborations include renowned banks such as HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, IndiaBulls, RBL Bank, DHFL, Aditya Birla Finance, American Express, among others, ensuring a wide array of options for our customers.
Loans For Phones / Desktops / Laptops And Tablets
IndiaLends offers easy installment personal loans starting from as low as Rs. 25,000 for customers who wish to purchase the latest gadgets, whether it's an iPhone 7 or a MacBook Pro. This allows individuals to acquire their desired gadgets through manageable loan amounts and easy repayment options.
EMI Without Credit Cards
While e-commerce marketplaces offer convenient EMI options for significant purchases, these benefits are typically limited to customers who already possess credit cards. Unfortunately, this privilege extends to only a small proportion of the population, approximately 10 million individuals across the country. However, IndiaLends provides an accessible solution through its online personal loan, enabling individuals to swiftly make large-ticket purchases on e-commerce platforms and convert them into affordable EMIs. This expands the opportunity for a broader segment of customers to enjoy the convenience of EMI-based shopping on e-commerce portals.
Credit Report
A credit report serves as a financial report card, encompassing historical data regarding an individual's loans and credit cards. Various types of loan accounts are included, such as Credit Cards, Personal Loans, Home loans, gold loans, Car loans, Two-Wheeler loans, business loans, Loan against Property, Agriculture loans, and more. Each account provides detailed information about repayment history, loan amount, tenure, open and close dates, and other relevant details. Credit Bureaus utilize this information to assess the risk associated with an individual, resulting in a credit score. The credit score ranges from 300 to 900, and a higher score increases the likelihood of loan approval. In India, there are four credit bureaus—CIBIL, Experian, Equifax, and Hi-Mark—providing credit scores to individuals. IndiaLends has partnered with Experian and Hi-Mark credit bureaus to offer its customers free credit reports and analysis. Additionally, IndiaLends customers also receive complimentary credit report refreshments every quarter for the first 12 months.
Personal Loan
A personal loan is a credit facility that does not require collateral and is offered by banks and NBFCs to employed individuals. IndiaLends, the largest online personal loan provider in the country, has assisted over 150,000 customers and collaborates with more than 70+ RBI-Approved partners to offer personal loans tailored to different customer profiles. Here are some notable features of the convenient personal loans available through IndiaLends.
Personal Loan Interest Rate
The interest rates offered to customers are subject to variation based on their individual profiles. Typically, loan rates begin at approximately 10.25%. To improve the likelihood of obtaining a loan at a lower interest rate, it is advisable to maintain a strong credit history. Ideally, a CIBIL score above 750 is considered favorable.
Personal Loan Tenure
The repayment period for a Personal Loan typically ranges from 3 months to 6 years, allowing borrowers to choose a tenure that aligns with their requirements. Whether one needs a short-term or long-term loan, they have the flexibility to select a suitable repayment duration. However, it is crucial to ensure that the Equated Monthly Installment (EMI) amount is manageable and can be comfortably repaid each month.
Documents required to apply for a Personal loan
Financial institutions typically require certain documents before approving and disbursing a loan. These documents include identification proof, address proof, a copy of the PAN card, salary slips, recent bank statements, photographs, ECS mandates, and post-dated cheques.
Personal Loan With Zero Pre-Payment Fee
Certain NBFCs offer customers the flexibility to fully repay the loan amount or make partial pre-payments towards the principal. However, specific terms and conditions are typically associated with such pre-payments. For instance, pre-payment is usually allowed after 12 months, and a pre-payment fee may be levied on the repaid amount. Nevertheless, these terms may vary depending on the product, so it is essential to seek clarification from your lender regarding pre-payment policies before the loan disbursal.
Low-Interest Personal Loan
As discussed earlier, the interest rates for personal loans can vary based on the customer's profile. IndiaLends employs algorithms to strive to obtain the most competitive interest rate product available for each customer.
Personal Loan From Banks
Banks are financial institutions registered with the Reserve Bank of India (RBI) and engaged in various activities such as accepting deposits and providing loans. In addition to universal banks, the RBI has recently introduced payment banks and small finance banks. However, only universal banks and small finance banks are authorized to lend to individuals. Applying through IndiaLends offers the simplest method to obtain a personal loan from the leading banks in the country. IndiaLends has established collaborations with renowned banks and NBFCs, including HDFC, ICICI, RBL, IndusInd, Kotak, Yes Bank, and more.
Personal Loan From NBFCs
NBFCs are non-banking financial institutions registered with the Reserve Bank of India (RBI), primarily engaged in lending to individuals and businesses. Unlike banks, NBFCs are generally not authorized to accept customer deposits. They rely on borrowing funds from banks for their lending activities, which often results in comparatively higher interest rates on Personal Loans than those offered by banks. Additionally, NBFCs tend to cater to a higher-risk profile segment, leading to higher acceptance rates for loan applications.
New To Credit Loans
Although CIBIL and Experian maintain records for more than 150 million individuals, a significant majority have never borrowed from an RBI-regulated financial institution that is a member of a credit bureau. As a result, these individuals lack a credit bureau record, meaning they have no credit history or credit score. Due to the absence of a credit file, they often encounter difficulties in securing loans from financial institutions. However, IndiaLends has forged special partnerships with various banks, enabling them to assist some individuals who are new to credit (with thin credit files) in accessing low-interest personal loans.
Recently Declined Personal Loan Application
A significant number of consumers face loan application rejections from banks due to factors such as inadequate credit history, limited affordability, insufficient supporting documents, and more. However, IndiaLends can assist some of these customers in obtaining affordable loans through collaborations with specialized NBFCs.
Banks and NBFCs Partners
IndiaLends has established partnerships with a comprehensive range of lending institutions, encompassing both prominent and smaller entities. Our collaborations include renowned banks such as HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, IndiaBulls, RBL Bank, DHFL, Aditya Birla Finance, American Express, among others, ensuring a wide array of options for our customers.
Loans For Phones / Desktops / Laptops And Tablets
IndiaLends offers easy installment personal loans starting from as low as Rs. 25,000 for customers who wish to purchase the latest gadgets, whether it's an iPhone 7 or a MacBook Pro. This allows individuals to acquire their desired gadgets through manageable loan amounts and easy repayment options.
EMI Without Credit Cards
While e-commerce marketplaces offer convenient EMI options for significant purchases, these benefits are typically limited to customers who already possess credit cards. Unfortunately, this privilege extends to only a small proportion of the population, approximately 10 million individuals across the country. However, IndiaLends provides an accessible solution through its online personal loan, enabling individuals to swiftly make large-ticket purchases on e-commerce platforms and convert them into affordable EMIs. This expands the opportunity for a broader segment of customers to enjoy the convenience of EMI-based shopping on e-commerce portals.
Credit Report
A credit report serves as a financial report card, encompassing historical data regarding an individual's loans and credit cards. Various types of loan accounts are included, such as Credit Cards, Personal Loans, Home loans, gold loans, Car loans, Two-Wheeler loans, business loans, Loan against Property, Agriculture loans, and more. Each account provides detailed information about repayment history, loan amount, tenure, open and close dates, and other relevant details. Credit Bureaus utilize this information to assess the risk associated with an individual, resulting in a credit score. The credit score ranges from 300 to 900, and a higher score increases the likelihood of loan approval. In India, there are four credit bureaus—CIBIL, Experian, Equifax, and Hi-Mark—providing credit scores to individuals. IndiaLends has partnered with Experian and Hi-Mark credit bureaus to offer its customers free credit reports and analysis. Additionally, IndiaLends customers also receive complimentary credit report refreshments every quarter for the first 12 months.