Nagercoil is located in the Indian state of Tamil Nadu. It functions as the administrative headquarters of Kanyakumari. Nagercoil is situated very close to the tip of the Indian peninsula. It is surrounded by the Western Ghats on all sides. Earlier, it was a part of the Travancore state for a brief period soon after the Indian independence. It was merged with Tamil Nadu in 1956. The city has a Temple of the Nagas which is known as the Nagaraja Temple. The city has acquired its name from this temple. The Fish-net manufacturing is a thriving business in and around the town. Commercial fishing nets are manufactured and supplied to the domestic and export markets. Other cottage industries such as coir-making, handloom-weaving, floral trade, rubber products, food-processing units and lace-making also contribute to the citys economy as they are manufactured for trade. There are many reputed educational institutions in this city. A few interesting places worth visiting in and around this city are the Nagaraja Temple, Nagercoil Clock Tower, St. Xaviers Church, etc.
Are you looking for an escapade to your dream destination, yet deterred by the pocket pinch?
Modern life is hectic and strenuous. Our busy lifestyles often leave us with barely any time or scope for leisure. A little bit of recreation is mandatory to cope with the emotional burnout of mundane life. Vacations can be the ideal solution - brief moments of recreation that can rejuvenate our minds and fill us with vigor to get back to routine with added enthusiasm.
What is a Holiday Loan?
Well, think of it as a personal loan that can fund your vacations. Unlike home loans and auto loans, this doesn't involve collateral. A holiday loan is an unsecured loan. The lending body evaluates your income level, employment history and of course your creditworthiness to decide whether you are eligible for a holiday loan. You may even apply for it online and get a quick approval too. Once you get the lump sum, you may spend it as you wish for traveling purpose. You have to repay the money in EMIs over time. It goes without saying that you should carefully plan a vacation budget before borrowing the money and subsequently refrain from overspending.
Why Would I Need It?
Tourism has become a highly commercialized industry. The cost of traveling has risen considerably with the growing rate of inflation. Transport, accommodation, food - nothing comes cheap nowadays. You might have a particular destination in mind but settle for some other spot for budget constraints. While a few might save up for vacation expenses, many might not. You might have the desire to travel but lack a monetary backing. Why let your savings take a massive blow all at once when you can rely on an alternate mode and source of financing? Holiday loan is such a facility that lets you enjoy your holidays peacefully, without bothering about the expenses immediately. You could slowly and conveniently repay the amount over a period of your choice in steady monthly installments.
Where Do I Get a Holiday Loan?
The booming finance sector has undergone a massive revamp in the past decade. Most financial institutions offer a plethora of credit lines. Holiday loans have become quite prevalent, and almost every bank, NBFC and P2P lender offer it. However, it's imperative that you meet the eligibility criteria for such a loan. It is also crucial that you cautiously choose the lender. The perfect holiday loan should be taken from a lender who offers the best interest rates, a convenient moratorium period, feasible and flexible repayment scheme and efficient customer support team.
How does a Holiday Loan work?
Quite similar to a Personal Loan, you need to approach a Bank, an NBFC or a P2P lender with an application. Most of the financial institutions allow you the convenience of applying for a loan online. They generally approve the loan instantly if you successfully meet their eligibility criteria and provide the required documents. Once the loan is sanctioned, there are no specific restrictions on how to use the loan funds. Availing holiday loans is quite easy and comes with myriad benefits and perks. Such loans are generally availed for a shorter duration, thus saving you your valuable money.
What are the Interest Rates for Holiday Loans?
The interest rates for holiday loans differ from bank to bank. Since these loans do not depend upon collaterals, expect the interest rates to be slightly higher than other secured loans. Most lenders would check your income level, credit score, profession, age, past loan repayment history before deciding upon an interest rate. If you have a laudable credit history, you are more likely to get a competitive interest rate on a holiday loan.
To Sum Up
Vacations give you a sense of ownership over your life. They help you refresh your mind for a few days before getting back to the bustling city life; they let you spend some blissful moments with your loved ones; they let you live life freely for a few days, away from the cacophony of your busy life. Holiday loans make such dream vacations possible without taxing your cash flows.
Low interest rate Home Loan in Nagarcoil, 19 February 2019 from IDBI Bank
IDBI Bank was established to provide credit and other financial facilities for the development of the fledgling Indian industry, in 1964. The Government of India owns it. It is a nationalized bank treated on par with State Bank of India (SBI) and other nationalized banks as per the notification dated 26th February 2013 by the finance ministry. At present,77% stake in IDBI Bank is holding by the government. In the current fiscal of 2017-18, the bank made a loss of Rs.853 crore compared to a profit of Rs.241 crore earned during the last fiscal year. It currently has 3,817 ATMs, 1,995 branches, including one overseas office in Dubai. On June 29, 2018, Life Insurance Corporation of India (LIC) has got a technical go-ahead from IRDAI to increase stake in IDBI Bank up to 51%. The RBI formed a committee which recommended the development financial institution (IDBI) to diversify its activity and harmonize the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking. The bank had 16,555 employees, out of which 197 were employees with disabilities, as on 31st March.