AuthorAlisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. Archives
March 2020
|
Back to Blog
If you have invested your hard-earned money in shares, mutual funds, securities, bonds and stocks, you can gain high returns, or you may lose all your money, as shares are always dependent upon the market fluctuations. But, supposedly you need some money to fulfil your financial requirements and you are not ready to break the mutual funds in the midway as you may face a loss. So, what can be the alternatives? You can apply for a loan against mutual funds up to Rs. 10 crores, without even breaking it. The interest rate of a loan against mutual fund is not so high, but to reduce the rate further, you can take the following steps:
Maintain a good credit score – Monitor your credit score or CIBIL score and maintain a high score to reduce the interest rate. It is better to have a credit score of 750 or more. You can enhance your credit score by early payment of your existing loans, and timely paying your credit card bills. Negotiate with the lender – You may refer your past timely repayment of loans and credit bills, to negotiate with your lender to reduce the interest rate. Survey the market – You must compare different lenders, enquire and search the best loan available in the market. The right loan offer will help you to get lower rate of interest. Read More:-How to get loan against mutual funds at lower interest rate?
0 Comments
Read More
Leave a Reply. |