Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching Reasons for Debt Trap | How to get out of debt trap | SMFG India Credit. and this video is uploaded by SMFG India Credit at 2021-10-20T05:49:32-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [L5vX2L9px3I]
| Name | Reasons for Debt Trap | How to get out of debt trap | SMFG India Credit |
| Video Uploader | Video From SMFG India Credit |
| Upload Date | This Video Uploaded At 20-10-2021 12:49:32 |
| Video Discription | #personalloan #personalloan24hr #loanemicalculator SMFG India Credit offers instant online personal loan for debt consolidation upto INR 25 lakhs* at attractive interest rates with flexible tenures between 12-60 months. Apply now https://bit.ly/apply_personal_loan A debt trap means that one owes a huge amount of money to various institutions or people, which feels neverending. A debt trap is a situation we never want to be in. If you wish to know how to avoid a debt trap, or how to get out of a debt trap, watch this video for some useful tips. 1. Analyse your debt – understand the type of loan, interest rates, total outstanding, loan tenure of all the loans you owe. 2. Check your priorities – Avoid luxury items and look for budget-friendly alternatives. Consider selling off an asset that is on loan to reduce your debt. Reduce your expenses to the extent possible 3. Use your emergency fund – In an emergency, try to dip into your savings instead of taking an urgent loan and compromising on interest rates and fees. 4. Take a Personal loan for Debt consolidation – You can consolidate the total outstanding amount of your existing unsecured loans with a personal loan at a lower interest rate. Pay through easy monthly EMIs, and depending on your eligibility, you can even get a top-up loan amount 5. Timely Repayment – Always pay your loan EMIs as well as credit card dues in full and on time. Paying only the minimum amount outstanding or partial payment of EMIs / credit card dues causes interest to get accrued on the unpaid amount as well as penalty charges. Doing this repeatedly can cause your debt to pile up massively, thereby creating a debt trap. To know more about personal loans for debt consolidation, visit https://bit.ly/3x4gu3h Use our personal loan balance transfer calculator to know more https://bit.ly/personal_loan-balance_transfer Subscribe to our YouTube channel and watch more informational videos about personal finance: http://bit.ly/SMFG_India_Credit_Subscriber You can also be in touch with us on: Facebook: https://www.facebook.com/SMFGIndiaCredit LinkedIn: https://www.linkedin.com/company/smfg-india-credit/ Instagram: https://www.instagram.com/smfgindiacredit/ Twitter: https://twitter.com/SMFGIndia ==================================================== SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) is among the leading NBFCs of India. Since its launch in 2007, SMFG India Credit has successfully and strongly established itself, spread across the country's broad financial landscape, with a PAN India branch network serving millions of customers. Our services are dedicated to provide financing to the underserved segments, including retail consumers and small business owners / SMEs. We offer unsecured as well as secured financing through an array of products including personal loans, commercial vehicle and two-wheeler loans, home improvement loans, loans against property and personal loans. SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) is wholly owned by the Sumitomo Mitsui Financial Group (SMFG). [L5vX2L9px3I] |
| Category | Education |
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