Category: money

What is Life Insurance ! Top Insurance companies in India 

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Life insurance is one of important things that everybody must think as necessary in order to make your children’s life secure. Moreover having an insurance policy also helps in many other ways like marriage, education and all. Hence we are here at teer of Shillong concern about your wealth and so presenting list of top companies that provide life insurance in India.
Choosing a right insurance policy can create wonders for your family and therefore we recommend everyone to avail an insurance policy in your life.

1/ Life Insurance Corporation of India (LIC)

It is one of oldest insurance provider companies in India. Most people prefer to avail insurance from this company and trust me they are damn good. You can check LIC insurance policies in this link.

2/ Reliance Life Insurance

We all know that Reliance is a very big company and this life insurance is also belong to the Reliance group . The reliance company sold approx 7 Lakh policies. Check out their policies and other details here.



3/ Birla Sunlife Insurance

This is another fine insurance provider company in India. Biral Sunlife is a joint venture between the Aditya Birla Group and Sun Life financial INC. Check out their policies here.

4/ SBI Life Insurance 

Another great company to avail insurance in easiest manner. It is  a joint venture between State Bank Of  India and BNP Paribas Cardiff. You can check SBI Life insurance policies here.

how to take loans from banks

How To Take Loans From Banks in India | Rates and Everything

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Whatever business or job you do, at particular point of time you will run out of money too often specially  when you need them in your crucial times. If you also fall in such category or you want to study on abroad or want to make a new home or business , a Loan from a bank plays a handy role. In this article we will discuss how you can take loans from banks and what are different types of loans and their rates.

Each bank has their own criteria for Loans to offer the customers. However it is there opportunity to get more revenue from their customer. So before you go for a loan you must have understand various types of  Bank Loans.

Types of Bank Loans 

Personal loan : This type of loan can be received for personal valid requirement such as for Marriage, or home based events, home repairing, tour or travelling etc. Interest rates are very high for personal loans. If you are credit card holder then the bank or the credit card companies are giving personal loans now a days. You have to repay them with some condition. Just you need to read their terms and condition carefully before finalize the loan amount.
Home Loan : Home loans or also known as housing loans can be obtained from banks by giving them a reason like building a new home, buying an apartment , or repairing your home and also for buying homes surrounded by lands.




Education Loan : This type of loan is similar to personal loans , i.e : the interest rates are high . But to repay the amount you will get some grace period before your EMI starts. That is your repayment will start after your education is over and you enter in the recruitment environment.
Car Loan :  You can take such loan to purchase a car or any vehicle. Now a days automobile companies also give car loans in much lower interest rates.
Business Loan : If you want to start your own business or shop or any private thing then you can apply for business loan. But remember that the interest rate of business rate is really high.

How to apply for Loan :

Now you know various types of loan from the list given above. Now we will discus how you can apply for loans. For personal loand you need following documents to produce in banks :

Documents Required for Personal Loan

  1. Photo Identity Proof
  2. Residence Address Proof
  3. Residence Ownership Proof
  4. Income Proof
  5. Job Continuity Proof
  6. Bank Statement
  7. Investment Proof
  8. 1 passport size color photograph

Interest rates for Loans in Top 5 Major banks in India 

Now we have collected the below list from this source and in that list you will get the interest rates of 5 different banks in the context of Personal Loans.





Note : The above information can be updated by the respected organisation any time. Hence we are not responsible for inaccurate information.