Finance - Answered Questions & Fixed Issues
What is a mortgage loan?
mortgage loan is a loan where the client pledges real property, often a
residential home, to the bank in order to secure the loan. If the client
doesn't pay the mortgage, the bank can take the property. If there is a foreclosure, the bank will sell
the property and use the sale money to clear the mortgage debt.
on Feb 28, 2019
What aspects in life does life insurance cover?
Basically it protects you and your family from financial problems that
may accrue due to changes in your health or, god forbid, death.
Basically it is:
accidental death and
on Feb 06, 2019
What exactly is a business loan?
A business loan is funding given to business by a bank, an
individual(s), or an organization usually to be repaid by a certain date with a
certain amount of interest. The amount of a loan, the amount of interest, the
repayment date, the qualification of the loan recipient to merit the loan, the
credit analysis, and the number of lenders used to achieve the desired loan
amount are all variable.
For more info: http://www.merchantloans.com/businessloan.php
on Dec 12, 2018
How can I invest money in India as a minor?
As a minor investing money on your own may be a little tough as there aren't any schemes which will allow you to do this. However, you can always take the help of your parents, guardian or any adult member to help you invest.
From my personal experience, I suggest you put your money into a fixed deposit
. This is a safe investment and once you are an adult you can start managing your account on your own.
on Dec 01, 2018
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