Self Employed

Overcoming challenges in getting personal loans if you are self-employed

Securing a personal loan as a self-employed individual can be tricky due to irregular income and stricter lender scrutiny. With careful planning and smart strategies, you can overcome loan challenges and secure the funding you need.

How the self-employed can set their personal finances in order

Many small and mid-sized businessmen tend to mix their business and personal cash flows. This can interfere with a prudent management of their personal finances. They must take into account only the net income coming out of their business and invest it regularly to grow their personal wealth.

What explains the distressed valuation of this housing finance company?

Mortgage lender's stock has plunged 49 percent year-to-date (YTD) compared to a 9 percent fall in the Nifty in the same period

What makes Repco Home Finance a worthy bet despite lack of growth?

The lender’s loan book hasn’t changed much in the past one year, and consequently earnings growth has been muted

Repco Home Finance Q1 hit by second wave, but valuation comforting

Repco is facing multiple issues, which include slower growth, stiff competition from banks and rise in bad loans and restructured assets

Home First Finance — A worthy long-term bet available at reasonable valuation

Home First, being an affordable housing player, is well poised to benefit from structural growth in the segment

Repco Home Finance has doubled from its low in June, will the rally sustain?

Despite the stock price more than doubling from Rs 90 in June 2020 to Rs 240 now, Repco’s valuation is still extremely attractive

Travel and enjoy the tax benefits of leave travel allowance

This tax benefit is available only to persons who are in employment and is not to persons who are self employed.

New income tax provisions you need to be aware of

Budget 2017 provisions will be applicable from April 1. It is time to realign your money matters accordingly.

Cash transaction charges levied by banks: should you worry?

Finance industry experts believe the brunt of the negative impact of the move would be faced by self-employed and small businesses, while the salaried class might not face much inconvenience.

Enhanced tax breaks make NPS more attractive for subscribers

Extant tax benefit has been extended with the tax free relief available if a person withdraws an amount before the end or closure of their account if this is not more than 25 percent of the amount that has been contributed by the individual to the account.

These are the factors that decide whether you get a home loan or not

There are various factors that determine whether you will get a home loan or not. Consequently, it is advisable to know your home loan eligibility in advance, so that you can plan the purchase &#82

'Good Behaviour' helps you get your loan sanctioned- Here‘s how

A few right steps can help you appear creditworthy in the eyes of bank.

Can you claim both, HRA as well as home loan benefits?

Income tax laws allow tax payers to claim various benefits, with respect to the house occupied by the assessee â€“ whether it is owned by you or taken on rent. Conditions for claiming &#82

Housing loans for self-employed to grow bigger: Cholamandalam

However, there has been no major demand coming from retail customers for its heavy commercial vehicles business, says Vellayan Subbiah, Managing Director, Cholamandalam Investment & Finance.

Are you self employed? This is how you get a loan easily

As self employed individuals do not get a fixed monthly income, they may face some challenges while accessing credit. However, if they remain compliant by filing their income tax returns, by repaying their existing loans on time and by keeping their account up to date, they stand a high chance of getting a loan.