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Top 5 Popular Car Loan in India

Shitanshu Kapadia
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0
Top 5 Popular Car Loan in India

Car Loan

Getting a car loan is extremely easy today. There are plenty of loan options available in the market. You can purchase your dream car by opting for a car loan. Be it a middle class or upper class buying a car has become a necessity. If it is not possible for you to afford your dream car you can avail loan for buying a car. You just need to provide income proof to avail loan.

Most of the banks and financial institutions offer car loan. It becomes difficult for the end user to select the best car loan. If you are planning to avail car loan facility here is information about Top 5 Popular Car Loan Options in India.

Also Read – How to Choose Car Insurance Policy – Key Factors and Riders

Key Parameters for the selection of Car Loan

Interest rate and tenure

Interest rate and tenure of the loan is a key parameter to consider before availing any loan. Most of the bank offers car loan on a floating basis. However, interest rates are different. You should select a loan with lower interest rates. You should also check for the tenure of a loan. Tenure should be low along with interest rate, otherwise, you will end up paying more.

Down Payment

Down Payment is an amount which you need to pay from your pocket while buying a car. Banks generally ask for 15% to 20% down payment. It is called as margin money. You should make a higher down payment. This will help you to reduce your loan burden.

Processing Fees

You should also compare processing fees for the loan. Some of the banks keep fix processing fee while others keep percentage-based fees. A processing fee should be lower.

Pre-closure Charges

Another important factor for evaluating car loan is Pre-closure charges. You should consider the bank for which pre-closure charges are either NIL or minimum.

Top 5 Popular Car Loan in India

SBI New Car Loan Scheme

SBI new car loan scheme is one of the most famous schemes. Key features and benefit detail of this scheme is given below.

  • The interest rate offered by SBI is in the range of 9.25% – 9.30%.
  • Finance is provided for the on-road price. This include registration, insurance, extended warranty etc.
  • Repayment tenure under SBI Loan scheme would be 7 years.
  • The interest rate will be calculated based on daily reducing balance.
  • No prepayment penalty or foreclosure charges applicable.
  • Processing fees is NIL
  • Income proof, address proof and identity proof is mandatory for availing a loan.

PNB Car Loan Scheme

PNB Car loan scheme is next in the list of a popular car loan. The key features and benefit detail of PNB scheme is given below.

  • The interest rate in the range of 9.3% to 9.55%.
  • Loan amount up to 85% of on road price.
  • Third party or collateral is required as applicable.
  • Maximum loan tenure is 7 years.
  • Floating rate loan without any prepayment charges.
  • The processing fee is 0.35% of the loan amount.

Axis Bank

Axis Bank New Car loan is next in the list of popular loan offered for car. You can get 100% on road price funding via this loan. Key Features and benefits of this loan are given below.

  • The interest rate of loan starts from 9.25%.
  • Loan finance up to 100% of on road price. Zero Down Payment.
  • Loan Tenure up to 7 years.
  • Prepayment penalty applicable – 5% of principal outstanding.
  • Processing fee from Rs.3500 to Rs.5500.

HDFC Bank

HDFC Bank also offers loan for buying a car. They claim that disbursal in case of HDFC loan is very fast. Key features of HDFC Instant Car Loan is given below.

  • Custom fit car loan as per your requirement.
  • Instant Loan approval online.
  • Buying assistant is provided for purchasing car.
  • 100% car finance is given and Top up loans are provided.
  • Flexible repayment tenure up to 7 years.
  • Preferred pricing for HDFC bank customers.

ICICI Bank

ICICI Bank offers car loan up to 100% on road price of car, with instant approval on attractive interest rate with tenure of 7 years.

  • You can get loan for new as well as Pre-Owned car.
  • Insurance coverage for loan liability available, payable along with EMI
  • Assistance in selection of your dream car.
  • Loan up to 100% of on road price.
  • Quick and easy documentation for availing loan.
  • Processing fees from Rs.3500 to Rs.8500.
  • Prepayment charge 5% on principal outstanding.

Over to You –

You should do a comparative analysis before selecting a bank for availing car loan. Maintain healthy credit score so that you can get loan easily. It is advisable to buy a car in the festival season to avail lucrative festival offers. Make sure to read terms and condition before availing a loan.

Top 5 Best Health Insurance in India 2025

Shitanshu Kapadia
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0
Top 5 Best Health Insurance in India 2025

Health Insurance plans are designed for providing health coverage to the insurer. Buying the best health insurance policy has become one of the mandatory requirement today.

A cost of medical treatment is skyrocketing, if you are worried about growing medical expenses you should buy a proper health insurance policy. There are multiple health insurance policies available in India. People often get confused when selecting a best health policy. In order to help you here is a list of Top 5 Best Health Insurance in India. Prior to disclosing the name of top health insurance policy here are factors for shortlisting health policy.

health insurance policy india

Also Read – 5 Best Cashless Health Insurance Policy

Factors for shortlisting Health Insurance Policy

Age Limit – A chance of a medical problem is higher in older age. This means you should select a policy for the maximum permissible age limit. It is advisable to go for lifetime renewability plan.

Network Hospital – Insurance companies offer cashless facility into network hospitals. You should select a plan which provides maximum network hospital coverage.

Waiting Period – A waiting period is a time for which you need to wait before applying for the claim. The waiting period varies between 30 days to 60 days. You should buy a policy with a minimum waiting period.

Sub-limits – Sub-limit is a limit applied by insurance companies on the coverage. The sub-limit is applied for certain specific medical expenses. You should check for sub-limit condition carefully.

Additional Features – You should think beyond basic medical policy and check for additional features. Additional features mean some unique features such as alternative treatment coverage, day care treatment etc.

Add on Coverage and Riders – You should choose the insurer that offers various riders and add-ons to expand your medical coverage.

Exclusion – You should be aware of things which are not covered under medical insurance. It is known as exclusion. Take a close look at your health insurance policies to know the exclusion list before finalizing the policy.

Premium Rates – You should compare the premium rates before buying a health insurance policy.

Top 5 Best Health Insurance in India 2025

#1 HDFC Life Easy Health

HDFC Life Easy Health insurance plan is one of the best health insurance policy. Key Features and benefit detail of this plan is given below.

  • This plan covers a person in the age group of 91 days to 65 years. This policy can be issued to an individual as well as family members.
  • One can take coverage up to 50 Lakh using this policy.
  • This policy provides 60 & 90 days pre and post-hospitalization coverage.
  • You can get up to 8% discount for stay active benefit.
  • This plan covers 144 types of day-care expenses.
  • You can opt for additional coverage for a critical illness under this policy.
  • Apollo Munich provides very good cashless hospital network coverage.
  • Maternity expense is covered under this policy.
  • Domiciliary Treatment expense is covered up to a certain extent.
  • The premium rate of this policy is reasonable. It is one of the reasons this policy wins against Optima Restore Policy of Apollo Munich.

#2 ICICI Lombard Complete Health Insurance- iHealth

ICICI Lombard Complete Health Insurance – iHealth is next in the list of best health insurance plans. Key features and benefit detail of this plan is given below.

  • This plan provides lifelong renewal facility.
  • This plan covers Medical expenses incurred during hospitalization for more than 24 hours, including room charges, doctor/surgeon’s fee, medical bills, etc.
  • This plan covers 30 days pre and 60 days post hospitalization expenses.
  • Cashless hospitalization facility is available at network hospitals.
  • No medical test will be required for insurance cover below 46 years and sum insured up to 10 Lakh.
  • The benefit of wellness services and wellness points.

#3 Religare Health Insurance – Care

Religare Health Insurance is a comprehensive health insurance plan that provide coverage to you and your family against financial risk associated with medical emergencies. Key features and benefits of this plan are given below.

  • Religare Care plan provides maximum age coverage. No restriction is placed for maximum age.
  • This plan provides lifelong renewal facility.
  • The wait period of this plan is 30 days for any illness except injury.
  • This plan provides day care coverage and 30 days pre and 60 days post hospitalization coverage.
  • It also provides coverage for an organ donor and alternative treatment expenses.
  • You can get domiciliary hospitalization coverage under this plan.
  • This plan is suitable for senior citizen also. It can be purchased even at an older age.

#4 Bajaj Allianz Health Guard

Bajaj Allianz Health Guard is one of the best health insurance policy of Bajaj Allianz. It provides complete coverage for health expenses. Key Features of Bajaj Allianz Health Guard is given below.

  • The plan offers cashless facility at more than 4000 network hospitals across the country.
  • You will get a lifelong renewal facility in this plan.
  • This plan covers 60 days pre-hospitalization and 90 days post hospitalization coverage.
  • Daycare expense and organ donor expense are covered under this plan.
  • You can enjoy daily cash benefit under this plan.

#5 Niva Bupa Health Companion Health Insurance Plan

Niva Bupa Health Companion Health Insurance Plan provides different types of customized insurance policies. You can select the plan as per your need. Benefit details of a mentioned insurance policy are given below.

  • This plan comes with three variant individual, family floater and family first.
  • This plan provides coverage up to 1 Cr sum assured.
  • All day care treatments are covered under this plan.
  • This policy also covers organ transplant and domiciliary treatment coverage.
  • You can get hospital cash option in addition to the in-patient treatment benefits.

Over to You –

Selecting a health insurance policy is not a child’s play. You should evaluate all health insurance policy carefully and select the best health insurance policy.

Exchange Traded Funds as an Investment Option

Shitanshu Kapadia
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2
Exchange Traded Funds as an Investment Option

exchange traded funds

Exchange Traded Funds (ETF) are passively managed funds that give returns equivalent to underlying index at low cost. Passively managed means it does not require an active involvement of fund managers. In exchange-traded funds, fund manager does not select stocks, it simply copies stock of underlying index for mimicking returns equivalent to index.

There are multiple types of traded funds such as index fund, bank fund, money market fund, gold fund etc. The investor can invest in ETF based on the risk profile. Let’s look at How ETF works, Types of ETF and Benefits associated with ETF.

How Exchange Traded Funds Work?

Exchange Traded Funds invest in limited company stock, gold, bonds or commodity based on the underlying index of tracking. ETF divides total assets into a number of parts and sells it as a unit.

E.g Gold ETF single unit is equivalent to 1gm of gold. It is backed by 1gm physical gold. The current trading value of a Gold ETF is based on the gold market price. The change in gold price causes a corresponding change in the price of ETF.

ETFs are traded on the stock exchanges like a stock of companies. This means the price of ETF changes throughout the day whenever ETF are bought or sold.

Benefits of ETF Investments

Key Benefits offered by ETF investment is given below.

  • ETFs are cost-efficient. As ETF does not carry active portfolio churning you will get the benefit of low expense ratio in ETF. ETF is cheaper compared to other mutual funds.
  • Exchange traded fund allows investors to avoid the risk of poor stock selection by a fund manager. A stock or underlying asset is selected based on index fund follows.
  • Diversification is another key benefit that an investor gets from Exchange Traded Fund investments. One can potentially choose from a wide range of ETFs which mainly differ based on the underlying asset.
  • ETF offers anytime liquidity via exchanges. You can sell ETF during exchange operating timings.
  • ETF also offers intraday trading facility. This means you can earn money by doing Intraday trading in exchange traded funds.

Drawbacks of Exchange Traded Funds

  • ETF are not sold directly. You need to pay trading commission to brokerage house every time you bought or sold traded funds.
  • Many time ETF suffers from tracking error. Drawback is you will not get performance of the index which this fund is following.
  • Trading volumes are low in few ETFs. You have to be careful in dealing with such traded funds.

Types of ETF in India

There are multiple types of exchange traded funds available in India.

#Index Fund

Index Fund is one of the oldest etf category. Index fund invests in stocks in amounts that proportionately reflects the stocks of existing index in the given market. Investor who want to replicate return of index can invest in these funds.

#Bank Fund

Bank Fund invest in the stocks of banks listed on the index that it follows. Bank ETF are highly volatile and risky in nature.

#Gold ETF

Gold ETF invest in gold and track the market price of gold. Gold ETF also allows investment via SIP route. If you are planning to invest in gold, it is recommended to look at Gold ETF.

#Liquid ETF

Liquid ETF invests in money market, short term government securities and money market instruments. These type of ETF are safe in nature.

#International ETF

International ETF invests in foreign based securities. If you want to enhance your foot print and invest in global market you can invest in international ETF.

ETF vs Mutual Funds

ETF Mutual Funds
Passive Management Active Management
Lower Cost of Investing Higher Cost of Investing
Tradability – More Liquid Tradability – Less Liquid

Who should invest in Exchange Traded Funds?

Exchange Traded Funds are for new investors. If you are first time investor and not acquainted with stock market, you can plan to invest in ETF which are passive in nature.  ETF provide access to the equity market with limited risk.

If you are risk adverse investor and your financial goals are matching with traded fund you can invest in these funds. Make sure to select appropriate broker with lower fees when you buy these funds.

How to Order Aadhaar Reprint Online? – Get Aadhaar Copy

Shitanshu Kapadia
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0
How to Order Aadhaar Reprint Online? – Get Aadhaar Copy

The UIDAI (Unique Identification Authority of India) has launched a new service of reprinting Aadhaar Online. Now you can reprint Aadhaar Card online by paying a nominal fee. In case, your Aadhaar is lost you can use this facility. In this post, I will share step by step process to order Aadhaar Reprint Online. This facility is launched by UIDAI on a pilot basis.

Earlier, if your Aadhaar was lost, it was very difficult to get new Aadhaar reprint. You need to visit Aadhaar Enrollment Center and produce several proofs for reprinting. Now you can send reprinting request online. You need to pay a nominal fee of Rs.50. The new reprinted Aadhaar will be given to the Post office for delivery via registered post. The time of delivery is 5 working days.

The prerequisite of using the mentioned method for Aadhaar reprinting is given below.

  • You must know your Aadhaar Number or VID (Virtual Identification Number) for giving reprinting request.
  • Your mobile number must be registered with the Aadhaar Database for giving this request.
  • You should be ready to pay fees of reprinting card.

Here is step by step method to get your Aadhaar card reprinted.

Also Read – Download Masked Aadhaar – Key Features & Benefits

How to Order Aadhaar Reprint Online?

Step 1 – A first step is visiting UIDAI’s website, www.uidai.gov.in.

Step 2 – On the homepage, Under the Aadhaar services, select ‘Order Aadhaar Reprint (Pilot basis)’

Aadhaar Reprint

Step 3 –  A new window will open your computer screen. You need to enter 12 digits Aadhaar Number or 16 digits VID number and security code. If your mobile number is registered click on “Send OTP”. If your mobile number is not registered, select a box below the security code tab. You will be prompted with a tab for entering the mobile number.

Step 4 – Once you receive OTP, please enter into a given tab. Remember this OTP is valid for 10 minutes only.

Step 5 – Select the box agreeing to “Terms and Conditions.” Click on the Submit button.

Aadhaar Reprint

Step 6 – Once the correct OTP is entered, you will be able to verify your Aadhaar details (Only if a mobile number is registered in the Aadhaar database).

If your mobile number or Aadhaar details are not matching or inaccurate, you need to visit Aadhaar Enrolment centre to get the details corrected.

Step 7 – If your information is correct, click on ‘Make Payment’ option. You will be redirected to the payment gateway.

Step 8 – You can make the payment via credit card, debit card, Net banking or UPI. A fee for reprinting new Aadhaar is Rs 50. Enter the payment details and click on ‘Pay Now’.

 Step 9 – Once payment is successful, you can get an acknowledgement slip on your screen. You can also download acknowledgement slip. You will also receive service request number (SRN) on your mobile via SMS.

How to track the status of your reprint?

You can also track the status of your request till dispatch of the Aadhaar Card. Follow the steps given below to track your request.

  • Visit https://resident.uidai.gov.in/check-aadhaar-reprint
  • Enter the 28 Digit SRN code received by you on your mobile phone via SMS.
  • Enter your 12 Digit Aadhaar Number (UID).
  • Enter the Security Code and press “Submit” button.

You will be able to see the status of your request.

I hope above method will help you in applying for Aadhaar Reprint, in case your Aadhaar is Lost or misplaced.

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