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Educational loans have become a support system for students who cannot afford studying abroad or in the home country as for that matter, but have the awareness of the significance of education. In order to assist such deserving students, RBI introduced the concept of study/education loans from banks that have also collaborated with universities/colleges to provide … Continue reading “Education Loans without Collateral”

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The rate at which education cess is calculated is actually a combination of the two types of cess applied on the taxable income. For the education cess the rate is 2% of the tax payable and for the Secondary and Higher Education Cess the rate is 1% of the tax payable. Together they form the education … Continue reading “Education Cess”

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What is TAN? TAN is short-form for Tax Deduction and Collection Account Number. TAN is a unique ten-character code that is assigned to entities that are eligible for collecting TDS or tax on behalf of the Income Tax Department. TAN is required for furnishing TDS details collected by any entity. Examples of such entity include … Continue reading “Difference between TIN and TAN”

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A good CIBIL score for home loan normally starts from 700 upwards. However, the closer you are to 900, the more faith the credit institution will have in your capacity to repay the home loan. With a good credit score along with fulfillment of other criteria as decided by the bank, you can get financing up to … Continue reading “CIBIL Score for Home Loan”

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Bank of Baroda offers loans that are designed to suit the needs of individuals and corporates looking to buy a car to suit their needs and requirements. Bank of Baroda finances a variety of cars and offers loans of up to Rs. 100 lakhs along with a maximum repayment tenure of 7 years. Apart from … Continue reading “Bank of Baroda (BOB) Car Loan Interest Rates”