GrowwCapital Pvt. Ltd.

GrowwCapital Pvt. Ltd. GrowwCapital is a leading financial service firm in Nagpur. Providing personalized service for all t

Katol Branch Grand Opening
21/07/2022

Katol Branch Grand Opening

Happy National Doctars Day.
01/07/2022

Happy National Doctars Day.

Learn More: https://growwcapital.com/home/home_loanA home loan can be used to buy a home, flat or a plot of land to cons...
30/06/2022

Learn More: https://growwcapital.com/home/home_loan

A home loan can be used to buy a home, flat or a plot of land to construct the house. It can even be used for renovation, extension, and repairs to an existing house.

Types of Home loan
1. Home loan
2. Home construction loan
3. Home extension loan
4. Home improvement loan
5. Home loan balance transfer

The home loan interest rate is much lower as compared to any other loan type available. The foremost benefit of a home loan is the income tax deduction you can claim on the interest and principal repayments.

30/06/2022

Why is the reverse repo rate lower than the repo rate?

The Repo rate is the interest rate RBI charges on money borrowed by commercial banks. Repo rate helps RBI in controlling inflation.

The reverse repo rate is the interest rate on which RBI borrows money from banks. The reverse repo rate helps the RBI control the supply of money.

The reverse repo rate will always be lower than the repo rate because RBI cannot pay higher interest on deposits than charging interest on loans.

The Repo rate is higher than the reverse repo rate because it helps RBI with proper cash flow to banks. A rise in repo rate directly banks as they increase the interest rate which makes borrowing costlier. An increase in the repo rate makes the savings more attractive.
The current repo rate of RBI is 4.90%.

During high inflation in the economy, the RBI increases the reverse repo. It encourages the banks to lend more funds to the RBI to earn higher returns on excess funds.

The current reverse repo rate of RBI is 3.35%.

Learn More: https://growwcapital.com/home/home_loan A home loan is a secured loan advanced to a person to buy a plot, ho...
29/06/2022

Learn More: https://growwcapital.com/home/home_loan

A home loan is a secured loan advanced to a person to buy a plot, house, or flat. Best banks for home loans- SBI, Axis, HDFC, ICICI, Kotak Mahindra, PNB, Bank of Baroda, Union Bank, IDFC First.

The loan amount is sanctioned at a predetermined interest for an agreed-to period, also known as the 'tenure.'

The borrower repays the loan with interest through a home loan EMI, payable every month. The property ownership remains with the lender till the home loan repayment is complete, including interest.

Home loan process:
2. Application
3. Loan Sanction
4. Technical Review
5. Approval & Disbursal of the loan amount


29/06/2022

Can we have the same benefits with secured and unsecured credit cards to increase the CIBIL score in India?

A secured credit card is given to a person by the lender by taking a fixed amount as collateral in exchange for providing him with credit card service.

An unsecured credit card is given to a person who has a stable income source. To obtain this card you do not have to provide collateral to the lender.

An unsecured credit card gets easy approval as it shows that you are capable of repaying the lender.

The benefit of a secured credit card is that if you have a bad credit history, you can avail of this card to rebuild your credit history. You can repay the credit bills on time and your credit score is boosted in no time.

The benefit of an unsecured card is that you do not have to put any fixed deposit in the bank to avail of this card. Your credit card spending is calculated based on your eligibility to repay the loan.

Yes, we have the same benefits with secured and unsecured credit cards to increase the CIBIL score in India. Just pay back the credit bill on time and don't overspend on the card.

28/06/2022

https://growwcapital.com/home/used_car_loan

The rate of interest is much lower so that the extra costs would not bother you. If you repay a car loan early it means that it saves your money in terms of additional rate of interest for the future.

Car loans are easily available because if the borrower fails to pay the loan amount then the lender can possess the vehicle to get the remaining amount recovered.

Financing for your car means replacing your current auto loan with a new one. The new loan pays off your original loan, and you begin making monthly payments on the new loan.

The application process for refinancing doesn't take much time, and many lenders can/may make determinations quickly.

28/06/2022

Should you choose NBFCs or banks for a personal loan?

NBFC is a non-banking financial corporation, which provides financial services and banking facilities to people. NBFCs work under the rules and regulations laid down under the companies act of 1956.

The difference between a bank and NBFC is that a bank's interest rate is regulated by the RBI, while NBFC's interest rate depends on the cost of funds, margin, risk premium, etc.

Choosing between an NBFC and a bank is a tricky business as an NBFC provides several advantages over a bank as NBFC offers fast loan approval and also NBFC does not depend on the CIBIL score they use artificial intelligence, social media quotient, and machine language to decide a person's credit worthiness.

Top NBFCs in India are;
1. TATA capital
2. Mahindra finance
3. IIFL finance
4. HDB financial services
5. Aditya Birla capital

An NBFC can be an investment company, loan company, housing finance company, or housing finance company.

Generally, an NBFC personal loan is taken for vacation, medical emergency, etc. Taking a loan from NBFC is easy and also they provide a competitive interest rate than banks.

The terms and regulations for an NBFC are more flexible when compared with banks.

27/06/2022

Learn More: https://www.growwcapital.com

GrowwCapital is a Nagpur-based Financial Service firm on its way to building a strong foundation & network by offering personalized service to those seeking any type of Loan, Credit card.

We not only help clients in securing loans, but we also do it without charging them anything, we stand by them for any help till the last installment is paid.

We not only offer all types of lending solutions, but also undertake to repair credit scores for clients, and handle the entire borrowing process for clients right from helping you choose the right type of loan based on your need to presenting the best offers launched by banks, and ensuring the loan amount is disbursed in your account as quickly as possible.

27/06/2022

What kind of car loan can I get with an 800 credit score?

Lowest interest car loan, yes you heard it right with a credit score of 800 you can get a car loan with the lowest interest rate.

The CIBIL score is the number describing a person's repayment history. A CIBIL is measured from 300 to 900. A score below 500 is considered poor and insufficient for loan approval, While a score above 750 is an excellent score and gets easy loan approval.

While taking a car loan, people with good CIBIL sometimes pay high-interest rates, because of the absence of knowledge of CIBIL and its benefit.

With a CIBIL score of 800, you can get a car loan with,
1. Zero interest rate.
2. Low processing fees.
3. Easy approval for the loan.
4. Attractive offers.

To check your CIBIL score you can visit the website

www.myscore.cibil.com to create your account and get your CIBIL.
Stay connected to get more knowledgeable updates on CIBIL.

25/06/2022

We not only offer all types of lending solutions, but also undertake to repair credit score for client, handle the entire borrowing process for client’s right from helping you choose the right type of loan.

Loan is based on your need to presenting best offers launched by banks, and ensuring the loan amount is disbursed in your account as quickly as possible.

In order to offer the best experience to clients doing business with us, we have set up a team comprising loan consultants, credit cards experts.

Address

2nd Floor, Amarta Manor, Opp. Of MG House, Civil Lines
Nagpur
440001

Opening Hours

Monday 9:30am - 6am
Tuesday 9:30am - 6am
Wednesday 9:30am - 6am
Thursday 9:30am - 6am
Friday 9:30am - 6am
Saturday 9:30am - 6am

Telephone

+919112345687

Website

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