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Types of Bank Loans

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Personal Loans

A personal loan has a minimum age criteria of 18-21 Years. A net income of INR 1-2 Lakhs per annum is necessary. A loan amount ranging from INR 50000-INR 15 Lakhs is generally available.

Home Loans

A home loan has a minimum age criteria of 18-24 Years. A net income of INR 1-1.5 Lakhs per annum is necessary. A loan amount ranging from INR 2 Lakhs –INR 2 Crores is generally available.

Car Loans

A car loan has a minimum age criteria of 18-21 Years. .A net income of INR 1-1.5 Lakhs per annum is necessary.

Loan Against Property

A loan against property has a minimum age criteria of 18-24 Years. A net income of INR 1.2-2.0 Lakhs per annum is necessary. A loan amount ranging from INR 2 Lakhs –INR 1.5 Crores is generally available. The land should be within the municipal limits and 50%-60% of its value is sanctioned.

Education Loan

Student should be between 16-35 years of age .Co Applicant of the loan should be between 21-60 Years of age. In India generally a loan of up to INR 10 Lakhs is provided for studies done in the country. For Foreign studies the amount sanctioned may be up to INR 20 Lakhs. In certain cases it might go up to 30 Lakhs.

Prajna Capital always advocates that one should study the eligibility criteria of his/her loans.

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Best Performing Mutual Funds

    1. Largecap Funds             Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds          Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

      1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

 

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