Tax Saving Mutual Funds Online
Current open Infra Bond Application form
Reason for loan: Pre-approved loan can be given for the purpose of the purchase of an asset like a car or it could be a personal loan. The reason for taking the loan is important, as it will set the agenda for the situation that will follow from then on.
There will be several other conditions that will come along with the loan depending on the nature of the loan. A small distinction here has to be taken into consideration because of the fact that the amount of the loan is what is pre determined.
The nature of the loan might also put some restriction on the usage of the funds. So, the borrower should think about the loan only if their needs match the conditions of the loan.
Past experience: The key part in the pre-approved loan is the amount of the loan that is actually determined in advance based on the information available with the bank. The bank after looking at the transaction history and other fixed factors will fix a certain amount of loan to be offered. This is a situation where the working is not final, so, there will be various details that will be called for and then the loan will be confirmed.
The other point is that for this kind of feature, if the conditions related to the loan are not very strict, the interest rate charged on the loan will be high, translating into a higher cost for the borrower.
Additional documents: The entire presence of the pre-approved loan does not make this a free loan or one without any procedure to complete, as there are several things that need to be done on this front.
There will have to be the submission of some documents at some stage of the process so that there is some security that is built up, and the bank is also confident of the ability of the individual to actually repay the amount of the loan. This requires some normal work that needs to be done while taking a loan, and in the end, the loan might not seem to be very different from many other types of loans.
Cosmetic appeal: At the end of the day, there could be a situation where the cosmetic appeal of the entire loan is greater than the actual benefit. So, there could be a lot of disappointment in store for the individual.
The loan might be preapproved, but the entire process that is done for getting the loan could lead to some loss of confidence about the procedure. The final amount of the loan could also be different from what the earlier figure might have looked like. Keeping these factors in mind will help in getting the required benefits for the borrower.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
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Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
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How to apply to REC Bonds?
Apply for REC Tax Free Bonds forms below
Download REC Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
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