It’s a typical misconception that a FD is an instrument of saving that’s meant solely for kids. On the contrary, when you’re a retiree or a senior citizen, you can nonetheless spend money on Fixed Deposits. There are various schemes offered by banks and NBFCs that cater particularly to the needs of senior citizens. These schemes can be used to park extra money, whereas gaining interest. These deposits in India will be opened by anyone who’s an Indian citizen or an NRI.
Not having a transparent mortgage purpose. If you don’t have a clearly defined plan for all the funds you’re applying for then lenders will be hesitant to lend it to you, even if your financials show you possibly can repay it. Have money circulate projections that incorporate the loan you are making use of for and show how you will use and repay it.
The U.S. Federal Reserve …