5 Reasons Why Funding Your Next Trip Using Travel Finance Is a Great Idea

The holiday season is set to begin in India with most of the people waiting for their kids’ summer vacation to begin. It is the time when you won’t get reserved seats in trains and the airline fares peak due to high demand.

Someone wants to go on a holiday to take a break from their hectic work schedule and come back refreshed. However, the hurdle that they may face is in the form of money. As a result, you can see many people applying for travel loan.

Travel Loans in India are nothing but an extension of the personal loan, which is curated to meet your travel needs in India and abroad. You can use the funds availed under the personal loan for travel to book air tickets, hotels, overseas attractions, and beyond. Anyone who can meet a lender’s travel loan eligibility can apply and get approval for it. Most of the leading names in the finance industry can let you borrow up to Rs.25 lakh to enjoy a full-fledged holiday in your preferred destinations.

If you wish to know some reasons why availing the personal loan for travel is useful, then you should go through this post to know more.

Reasons To Apply For Travel Finance To Fund Your Next Trip

1. A higher loan amount of up to Rs.25 lakh

When reputed banks and NBFCs can offer you up to Rs.25 lakh; why not grab this opportunity with both hands and enjoy your holiday without compromises? It is because you and your family deserve to relax, rejuvenate, and get pampered on a trip regardless of the expenses. You don’t need to worry about the repayments as you can repay over a tenor of 12-60 months. This way, you can ensure that the repayment is easy and non-taxing on your monthly expenses.

2. Instant approvals and super fast disbursals

Once you have decided to go on a vacation, you don’t want the planning to be affected due to the slow loan processing of your lenders. Financial agencies are fully aware of such scenarios, and they offer approval within 5 minutes after you submit the form. After you have the approval for the travel finance, you can get the loan amount to be disbursed into your bank account within 24 hours.

3. The facility of flexi personal loans

When you are on a trip, you may use funds as and when required. Hence, why should you pay the EMI on the credit limit that you have not utilized yet? Yes, you can make the most of the flexi personal loans to pay only the interest as EMI on the utilized money out of your credit limit. The rest of the loan amount gets adjusted after the end of the loan tenor. As a result, you can save up to 45% on the EMI payments on your personal loan for travel. Hence, when you are applying for a travel finance facility, you should ask your prospective lender if they offer a flexi facility on personal loans or not. The flexi loan feature is only available presently with some renowned NBFCs in India.

4. Hassle-free loan eligibility and documents

Lenders don’t want you to spend time meeting the loan formalities in the form of matching the personal loan eligibility Criteria and submitting too many documents. You can spend your time exploring the places online that you are visiting or packing instead of worrying about loan formalities. As a result, the travel loan India facility comes with hassle-free eligibility along with some basic documents. Have a look:

• The applicant needs to be under 23-55 years of age
• He/she should be a residing citizen of India
• You need to be working for an MNC, public or a private limited company
• KYC documents
• Employee ID Card
• Salary slips of the last 2 months
• Previous 3 months’ bank account statements of the salaried account

5. Online loan account management

After you have availed the personal loan for travel and want to access its details from your office, home or anywhere else, it is possible via a lender’s digital customer portal. This way, you can track your entire loan details 24/7 such as EMI paid, upcoming dates for EMI payments, the applicable rate of interest and much more.

If you are looking to spend some quality time with your family and need some funds to arrange the trip, then you can apply for a personal loan for travel right away.

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Take Home the Best Samsung Phones on No Cost EMIs

Samsung phones are well-known for their superior technology, user-friendly interface, ability to cater to all budgets, elegant design and reliable after sales services. These winning qualities make it one of the most trusted brands amongst Indian consumers. Whether you are looking for a phone within a budget or a premium phone that has all the latest features, Samsung phones are your best bet as they offer you variety of options to choose from. In order to make this purchase more affordable on your pocket you can buy Samsung smartphones on EMIs starting from Rs. 1,087 from the Bajaj Finserv EMI Network.

This expansive shopping network consists of more than 60,000 online and offline retailers spread across 1,300+ cities. You can buy the latest Samsung phone on No Cost EMIs with the EMI Network Card. Using this EMI Network Card, you can get instant access to funds up to Rs. 4 lakh to shop, and you have the option to repay it over a flexible tenor ranging from 3 months to 24 months as per your convenience. Shopping is more convenient at the EMI Network as a partner store is sure to be just around the corner or a click away. You can take home any latest Samsung smartphone without making a hefty down payment and you can also enjoy huge discounts and offers on your purchase.

Here’s a look at Samsung phones that you can get on EMIs:

Samsung S9, with EMIs starting at Rs. 3,420

The Samsung S9 is your best bet if you are looking for a smartphone in the premium segment. This phone will allow you to you play unlimited games, surf the internet comfortably and do more just with voice commands.

It has a 5.8-inch full rectangle screen that has a resolution of 2960x1440 pixels and displays even the finest details clearly. The phone has a 12MP rear camera with flash to click pictures with precision even in low light situations. It also features an 8MP front camera that helps you click astonishing selfies. So if you enjoy photography, this phone’s camera setup will help you take your skills to the next level. The camera also has added functions such as slow-mo, easy sharing, instant edits, motion detection and live focus to enhance picture quality.

The Samsung S9 operates on the latest Android operating system in combination with a 1.7GHz Octa-Core processor and 4GB RAM. Together, this configuration helps you switch between applications at lightning fast speed. It has a standard battery of 3000mAh that offers a talk time of up to 22 hours. So you can work on your phone for longer hours without worrying about your battery getting drained.

Samsung J6, with EMIs starting at Rs. 1,091

If you are looking for a more affordable option then the Samsung J6 is just the right choice for you. On its 5.6 inch HD+ display you can see images and videos with utmost clarity and precision and you can capture landscapes and portraits equally adeptly with a 13MP rear camera. The J6 also supports an 8MP front camera to click crisp and vibrant selfies. The phone comes in 2 variants: one which has a 3GB RAM and 32GB internal storage and another that has a 4GB RAM and 64GB internal storage. This phone runs on the latest Android operating system and is embedded with an Exynos 7 series processor for faster speed and a seamless user experience. To keep you company all day long this phone is powered by a 3,000mAh battery.

Now that you know about the top Samsung smartphones that are available on EMI, read on to know how you can easily finance your Samsung mobile through the Bajaj Finserv EMI Network:

How to grab the best EMI offers on Samsung phones

The EMI Network allows you to shop for everything from durable goods to electronics and apparel on EMI. So, whether you are purchasing new clothes, smartphone, laptop or a washing machine, you can convert the purchase price into EMIs that don’t exceed the purchase price.

You can make the payment with an EMI Network Card when you shop on the Network. The EMI Card is a payment instrument that you can use online or offline as per your convenience. You can access its digital version from the Bajaj Finserv Wallet as well. To grab the best EMI offers online you can visit partner stores such as Paytm Mall, Flipkart, Amazon or Samsung or you can locate the nearest offline partner store.

Here is how you can shop using the EMI Network Card

You just have to visit the partner store or website. If you’re shopping in person use your card to pay at the counter. If you’re shopping online, enter your card details, choose an appropriate tenor and check out. When you shop online at the Bajaj Finserv EMI Store you will get delivery of your product within 24 hours.

Here is how you can shop when you don’t have the EMI Network Card

If you are not an existing EMI Network Card holder, you can apply for it online by filling a short form. Or, you can visit a partner store and apply in person. You will receive an SMS containing your pre-approved loan amount and you can show this at the cash counter to complete the transaction.

You can select from the above-mentioned phones or you can choose to purchase other Samsung models such as the Samsung S9 Plus, Samsung S8 Plus, Samsung Note 8 or Samsung A7. Once you have decided, select an EMI Network partner to shop using your EMI Network Card. However, before you get started check your pre-approved offer from Bajaj Finserv to know the loan amount awaiting you. By entering your name and mobile number you can make applying for and availing finance extremely easy.

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6 Points To Keep In Mind Before Getting A Loan Against Property

Loans against property are an ideal financing solution when you are looking for a substantial amount of funds. The tenors are also long which makes repayments hassle-free. Along with that, the low interest rates also make the EMIs affordable.

To elaborate on what is a loan against property, it is a type of secured loan provided against collateral like a residential or commercial property. This collateral remains mortgaged with the lender until you have repaid the loan in full.

Lenders approve and sanction these loans quickly thanks to minimal terms and conditions you have to abide by.

Some of the points you need to keep in mind when applying for a loan against property:

1. The Amount You Avail Depends On The Property Value

Lenders will determine the loan amount you are eligible for based on the market value of your house. Now, financial institutions only provide a discounted amount of your property price as the loan.

As per the RBI, you can avail up to 90% of your property value provided the loan is under Rs. 30 Lakh. This ratio between the market value of your house and the loan amount is known as loan to value or LTV.

Usually, lenders will charge a high interest rate when the LTV increases as it makes the loan riskier and vice versa.

2. The Repayment Tenor Can Stretch Two Decades

Loans against property have repayment tenors that can go up to 20 years to accommodate the large amount.

Longer tenors also make the EMIs cheaper. However, it will increase the total payable interest.

For example, say you have a loan of Rs. 20 Lakh with 11% rate of interest. The EMIs and total interest payable for a 10-year tenor is Rs. 27,550 and Rs. 13 Lakh respectively. These will become Rs. 22,732 and Rs. 20 Lakh if the tenor becomes 15 years.

3. You Have To Provide Several Documents

The mandatory documents required for loan against property are –

• KYC documents (Aadhaar, PAN, etc.)
• Address proof (latest electricity bill, any KYC with the permanent address, etc.)
• Bank account statements of the previous 3 months
• Documents of the property to be mortgaged

Salaried individuals have to provide latest salary slips and income tax returns in addition to the above documents.

4. You Can Use The Loan For Any Purpose

Loans against property are similar to personal loans as both have zero end-use restrictions. You can utilise the funds for any purpose.

NBFCs like Bajaj Finserv provide Loans Against Property up to Rs. 3.5 Crore which can help you address numerous financial gaps.

5. There Are Two Types Of Rate Of Interest

You can choose between a fixed or floating interest rate when applying for a loan against property. While fixed interest rates remain stable throughout the loan repayment, floating rate of interest fluctuates depending on market conditions.

6. You Have To Pay Various Charges With The Loan

Some of the charges you have to pay:

• Processing Fees – Charged to cover property checks, credit checks, etc. Deducted from the loan amount before disbursal.
• Penal interest – Charged when you fail to pay EMIs.
• EMI bounce Charges – Levied when your cheque for EMI becomes dishonoured.
• Statement Charges – Charged when lenders send a hard copy of your loan statement to your home.
• Foreclosure Charges – Levied when you foreclose the loan before the tenor ends.
• Part pre-payment Charges – Levied when you part pre-pay a portion of your loan.

Do note that you don’t have to pay foreclosure and part pre-payment charges if you opt for floating interest rates.

Make sure you know the things to avoid when you avail a loan against property. Now that you know what is a loan against property is, compare the interest rates and pick the right lender.

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5 Ways Customisation Could Benefit Your Business

Modern businesses are now following the concept of mass customisation for standing out of the crowd. Many brands have already gained a huge success with the implementation of this concept.

You can now create a unique identity of your brand if you inculcate this amazing concept in your business. Many brands order custom embroidered patches for representing their brands in the public in a very unique way.

5 best ways of introducing customisation into business:

Customisation has brought a huge change in the marketing field. Customers always love to receive absolutely customised experience from popular brands in the market. Therefore, some of the best customisations mean that are used for convincing targeted communities are as follows:

✔      Business cards: They can represent your business in a perfect way and you definitely cannot deny this fact. Not only your customers but your clients will also come to know about your brand and its associated services from your business card. Now, entrepreneurs are making more efforts in improving the overall appeal of their cards. Waterproof business cards with an amazing kind of logo design can definitely create an impressive feel.

✔      Custom made patches: High-quality fabrics are now getting used for preparing tailored patches. Decorative embroideries are added for representing these patches in a unique style. Now, it has become quite easier to order custom embroidered patches in bulk for meeting the requirements of your business. Choose the right provider that can offer you the best quality patches in bulk at a great price.

✔      Effective feedback system: You should always be in close touch with your customers and this can be done by means of introducing an improved feedback system. Here, you will be able to maintain transparent communication with your targeted communities. Multiple comments or feedback can be received that can help you to improve your brand in a better way. In fact, you can easily plan your future launches on the basis of received feedback.

✔      Unique logo: Your Company’s logo is your brand identity and it plays a great role in marketing these days. People can easily distinguish your brand from others with the help of this logo. Your business and marketing goals will get easily fulfilled if you maintain an exclusively designed logo for your business.

✔      Attractive product proposals: You can now send absolutely customised emails revealing detailed info about your brand and products. Offering free samples can also be very much effective especially for new launches. These email proposals about products are customised only on the basis of the market surveys. 

Customisation is the current trend of the corporate world. It can even help you capture the global market. You can now order custom embroidered patches both for your corporate clients and customers.

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Different genres in photography

We all know that pictures do speak a thousand of words and if one imagines a frame and captures it in that way, it also reflects what an individual is thinking. Capturing the essence is what one considers to be a good photography.

Also, these days taking photography as a proper career option is something which has become a regular thing because there have been a lot of options in the job field in the recent years. But in order to go into the professional sector one needs to have a proper educational background when it comes to photography. There are many professionalphotography institutes where one can enrol in order to do a proper degree or a diploma course in photography.

Also, once the basic course of photography is done, one needs to go for an advanced course where they can focus on a particular genre of photography. There are many popular genres of photography and one can select a stream where their passion lies so that they can take it ahead when it comes to professional photography. Here are some major genres from which one can choose:

Astro- Photography

This is a very specialised genre in photography and of course they are not regular and so the courses that are offered and the equipments that are needed to capture to this are really expensive. This genre is basically common among space researchers and scientists but again technology and science have reached to certain extent that they also have taken it to robotic photography. But this is not a very regular genre in photography that one wants to pursue.

Aerial Photography

Here, this genre lets one to shoot various things from above the ground or while travelling by air. One can get into a helicopter or a plane and then take shots from the above. This one is very popular when one loves to capture some panoramic images of the earth.

Architectural Photography

This is a particular genre of photography where one has to take photos of monuments, buildings and other structures which have some aesthetic value. But this one is more of a professional stream of photography than that of the ones which one wants to continue as a passion.

Candid Photography

Here, all the moments are captured very spontaneously and the subjects are usually aware of the fact that they are being photographed. So, one can go for wedding photography or frame photography just like that without letting know the subject. By doing this, one can capture a lot of candid moments.

Fashion Photography

This is something which is said to be the most glamorous genre in photography. One can spend their lives in runways, model shows, fashion shows and shoots and many more by doing this genre of photography. One can work up and close with the models and celebrities here.

Food Photography

Here one can promote a restaurant or a cafe by taking some delicious food photographs from their menu.

Apart from these one can also go for landscape and wildlife photography. One can also take professional photography classes for that.

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The Best tool to save tax

In this era of financial uncertainty, there are many options offered by the companies and experts with the help of which one can have a better portfolio created. Among the leading options of wealth creation, one can find the place of a mutual fund on top. There are ample options in mutual funds also which can help one get a better rate of return on the amount invested. For the common man, it is necessary to know the world of mutual fund in little depth as there are many funds with different features that can help one get a better return on low investment also.

The ELSS:

The equity-linked saving scheme is known as ELSS in short, and it is a known tool of saving tax on the taxable income. For an investor, the question of how to invest in ELSS can be a tricky one, but indeed the process of investing in ELSS is much simple. In the regular mutual funds, the amount invested does not attract the exemption of the tax, and that is the point where ELSS differs from other mutual funds. The amount in ELSS can be invested in one go or instalments as per the convenience of the investor.

The modes of investment:

Due to the digitization, one can go for investing in ELSS by an offline option or an online one. Usually, the process and documents in both of these options are same only, one can find the online option easier one if he is adapted to the online form filling and transfer of funds. In the offline mode, one has to fill the form manually and provide copies of the documents with the application form. In the online mode, one needs to fill the form online and offer all the soft copies of the documents which are required for the application. For modern users, all the AMCs offer online mode as well as the facility of applying with the help of some of the apps also. Hence investing is made hassle-free and rewarding.

The advantages:

After understanding how to invest in ELSS, one needs to know what the benefits of investing amount in this mutual fund are. The foremost important advantage is one can save tax on his income up to 150000. The lock-in period in ELSS is only three years which means one can get the invested amount with a handsome return after three years which is considered as a short period. One can also have another benefit in the form of investment as in case of tax payment one has to pay the tax in one go while in case of ELSS which helps to save tax one can also go for payment in monthly mode. The return on the fund invested in ELSS is also good which one can check from past record of the concerned AMC. Hence there are many advantages one can have if one goes for ELSS in comparison to any other option in the mutual fund market.

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