In times of emergency needs, one of the critical things that often gets overlooked is safety. However, one can never emphasize the importance of safety enough when it comes to any financial transaction. And especially with loans where there’s interest and other expenses involved, which have the potential of getting destructive when not paid on time, safety simply becomes increasingly critical. At InstallmentLoanz, we believe in transparent lending and through this article, we would like to help our potential borrowers stay safe while choosing no credit check loans for addressing emergency financial needs.

What are No Credit Check Loans
A popular category of loans, no credit check loans are those whose approval process doesn’t include a traditional hard credit check. A hard credit check is when an in-depth analysis of the credit scores and history of an individual is performed.

Essentially, a no credit check loan:

Leaves your credit scores unchanged
Does not get significantly impacted by your credit history or scores
Tends to be quicker as a hard credit check can take time
May use credit information from an alternative source of credit tracking instead of the mainstream ones.

What Makes No Credit Check Loans Suitable for Emergencies?
No credit check loans typically are:

Fast
Easy to apply for
Easy to qualify for
Not dependent on credit scores
Leave credit scores without an impact
These qualities make them more suitable than most other loans, for borrowers facing emergency financial needs.

Always Choose Income-Based No Credit Check Loans
While being convenient and quick, one of the potential compromises associated with no credit check loans can be safety. However, as a borrower, you can ensure a fair amount of safety in your loan when you:

Choose a trusted lender: Check to ensure you’re dealing with a lender that has a good reputation, strong online presence, well-constructed website, transparent loan terms, and clear disclosures
Choose income-based no credit check loans: When the credit check is skipped, the only other way to ensure a loan isn’t too easy to be safe, is to have an income-based loan which is only approved after a fair income verification as a safety measure. A loan missing both measures is likely to be either illegitimate or too easy to qualify for, making the risk associated with it, too high.

personal loans have witnessed splendid growth starting from uncertain business to a positive space undertaken by renowned banks, and other private financial institutions including Money View, etc.

Money View, one of the leading prominent online financial institutions offers personal loans to serve a diverse range of purposes. Some of them are as follows:–

Wedding loans: — Wedding is an expensive and memorable event for an individual. Rather than withdrawing money from your personal savings account, it is always better to avail of a personal loan from credible and trustworthy sources like Money View. They offer personal loans at an attractive rate of interest (ROI) with flexible repayment tenure. Personal loans are indeed one of the best options to cover wedding expenses. A major highlight regarding this type of loan is that customizing options are available which are tailor-made for an applicant.
Travel loan: —- Travel loans are exclusively meant for those individuals who wish to go for a vacation abroad. You do have the option to raise funds for expensive family trips while paying the bills at a later stage. Another benefit regarding this type of loan is that travel insurance is included thereby ensuring optimal protection.
Property renovation loan: —- Nowadays, availing of a property renovation loan amongst the people is common. Quite a few people are not able to afford a huge amount to purchase real estate and ultimately end up compromising on various aspects to manage expenses. This type of loan features numerous benefits such as covering repairing and maintenance costs, procuring brand new materials, and managing the laborer’s charge. By doing so, a property renovation loan helps in enhancing the value of a property in the real estate world.
Medical loan: —– This type of loan is applicable for the ones who do not possess insurance. They should consider applying for a medical emergency plan. The medical plan proves to be beneficial owing to its lower rate of interest and quick approval process.
Secured loans: — Secured loan is a type of installment loan which is supported by collateral security in the form of a vehicle, savings account, or real estate. If in case the borrower fails to repay the loan amount, the concerned lender does have the right to seize the entire property or similar assets to cover the remaining outstanding dues.
Pension loan: —- Pension loans are designed for retired people. As a result, standard eligibility requirements do not apply here. In this type of loan, financial institutions or banks offer a certain volume of cash in the form of pensions. However, applicants are supposed to submit pension proof. The pensioners are permitted to borrow funds to cover day-to-day expenses or for payment of medical bills.
Debt consolidation loan: —- This type of personal loan is meant to consolidate the existing debts into a single one while smoothly covering EMI. You may consider using a personal loan EMI calculator to examine and compare the repayments.
Education Loan: — Education loan is a quite popular loan amongst the students. Parents of kids apply for an education loan to pay tuition fees or pursue higher studies overseas.
Festival Loan: — Prominent lenders like Money View provide this type of loan to host parties and organize festivities.
Consumer durable loan: — It is a type of loan, which is meant to purchase household appliances.
Smartphones and computers loan: — Lenders offer this type of loan to those individuals who intend to purchase desktop PCs and mobile phones.
Doctor Loan: — It is yet another type of personal loan which is exclusively meant for doctors who wish to upgrade their existing workplace or set up a brand new clinic. Apart from that, they could utilize the loan to recruit staff and purchase medical equipment.
In addition to the above mentioned, there are few other types of personal loans:
Teachers play a crucial role in the daily lives of students. Apart from imparting education, their role is to nurture, mentor, and develop a support system exclusively for students. We should be aware of the fact that teachers have additional responsibility by taking care of their family including children.

At times, they too face financial crisis, and to assist them in covering extra overheads, personal loans for teachers are provided by Money View. Applicants may take advantage of the personal loan eligibility calculator available on the official website of Money View.

Benefits of Personal Loan:
In this section, we discuss some of the potential benefits and features of a personal loan. Have a look at a few of them:

The documentation process is quick and easy. Applicants are supposed to furnish relevant supporting documents like ID proof, monthly income statement proof, and the latest passport size photo.
Money View offers personal loans at an attractive rate of interest with flexible repayment tenure.
Applicants do have the option to check their eligibility requirements using an online eligibility calculator. It is available on the official website of Money View.
Eligibility requirements for a salaried professional
The minimum age to avail of a personal loan is twenty-one years and the maximum age is about sixty years.
Applicants should have at least two years of working experience in the current workplace and earn a monthly salary of twenty-five thousand.

Eligibility requirements for self-employed individuals

According to the personal loan eligibility checker, the minimum age required for a self-employed individual and business people is twenty-five and sixty-five years respectively.
Applicants are required to submit monthly income proof and lucrative business operations for the past two years.
Conclusion
Money View is indeed one of the established financial institutions acknowledged for disbursing personal loans at an attractive rate of interest with flexible repayment tenure. Moreover, the company is also acclaimed because of the quick and easy online documentation process.

Financial empowerment isn’t about how much money you make. Financial empowerment depends on how you control and take power of that income and make life decisions with it.

Here are the steps to the true financial empowerment of women.

Step 1: Educate Yourself

It’s high time women need to take care of their own money and not depend on their husband, father, or brother to manage their income. It’s time to decide how you want to address financial planning and one of the best ways to invest is through mutual funds. It is essential to understand and evaluate your monthly budget based on income – expenses. Remember, once you begin with financial planning, keeping track of your investments is very important. Investing in mutual funds happens to be the simplest way to do so. Mutual funds give a wide variety of online purchase options and help you stay updated as well.

Step 2: Plan and accomplish

As much as taking charge is essential, it is equally important to identify your goals. Financial planning in the early years of your career helps you to gather wisdom and benefit with the power of compounding, and what could be better than Mutual funds! An SIP in Mutual funds is a great way to begin your investment journey. It is advisable to always go for a long-term approach to get optimum output. Be your own advocate and choose your own investment decision. Also, ensure that your investment portfolio is diversified. You know the old trick of not putting all eggs in one basket. Similarly, in Mutual funds portfolio, diversification is essential for combating risks. Do recognize difference between savings and investments before you take steps to invest.

Step 3 : Be empowered, ask for what you need

Taking these steps and applying them will make women a strong force in society, the household and the workplace. Through this process, you will realize that, indeed it is a complex relationship with money. However, you will grow and evolve to be more independent than ever. As much as it is essential to be financially independent, it is equally essential to be emotionally independent. Investing through an SIP in mutual funds schemes is similar to shopping. One of the biggest difference is you get quantified returns instead of qualitative returns. The joy and freedom of being financially empowered are inexplicable. Keep in mind while investing in Mutual funds and your journey with financial planning, you are getting what you need. The important step is to stay invested for a longer tenure.

Typically, the process of selecting mutual funds to invest in can be cumbersome due to the variety of options and the lack knowledge / research methods. On one end, investors preferring DIY (Do-it-yourself) can do the whole process of shortlisting mutual funds to invest depending on their personal risk profile, goal and time duration. In contrast, investors can choose to simplify the mutual fund selection process by investing in a Fund of Funds Mutual Funds in India.

Advantages of Fund of Funds

Achieve portfolio diversification: Many Fund of Funds Mutual Funds help achieve portfolio diversification by investing across assets and across varying mutual fund types and styles, thereby simplifying the process of asset allocation.

Low Minimum Investment: Investors who are low on resources or seeking minimum investment can choose to invest in such a fund. If you were to invest in different funds, it would require additional investment across each of the mutual funds chosen. Also, switching between funds would have tax implications for an investor. In contrast, the switching between funds by a fund manager for the fund of Funds Mutual Fund scheme does not bear any tax on the investor.

Ease of portfolio management: Investors just need to track one NAV and one mutual fund, thereby simplifying the portfolio management process. In short, the investor can take advantage of the fund manager’s expertise to bring changes in the portfolio construction depending on the market conditions.

Post-tax return: Fund of Funds Mutual Funds are taxed like a debt fund where the investments held over 3 years or 36 months are considered as Long Term Capital Gains. The taxation of LTCG gains is 20% with indexation benefit. Indexation adjusts the effect of inflation on long-term capital gains.

Thus, investors who are looking for risk-adjusted returns for the long-term can consider Fund of Funds Mutual Fund that simplifies the process of fund selection and provides portfolio diversification.

When looking for a home loan online today – which would be the most common way of finding almost any kind of service today – a simple USDA home loan online near me search would greet you with hundreds, if not thousands, of lenders, all similarly promising loan offers and options.

In this sea of options, it’s easy to get lost and choose the wrong one for your need, especially if you’re finding lenders for Home Loans New York near me. Online lenders can be great idea only if you know what to expect. So, to clear up your worries about USDA online lenders, you should know what to look out for when hiring the services of one.

Faster and Cheaper

Online lending application processes are made with lesser hassle and are much easier to follow for the average joe. This is only an effective way of offering their services. An easily understandable way of applying for a loan versus a term-heavy and intimidating process in large financial institutions – the winner for the majority would be fairly easy to spot.

Online lenders also tend to offer lower rates and more flexible payment terms due to the tough competition for online lending – another way online lenders take a lead on traditional mortgage brokers. Lenders you’ll find for USDA loan online near me also aren’t too strict in credit score requirements for loans. They may not use the same underwriting investors as the big financial institutions that is why they can still approve application even for those that were rejected by their local bank.

The Danger of Online Loan Lenders

The online space is notorious for the abundance of scammers and illegal business practitioners. Online lending is no exception. With the increased exposure of legitimate online lenders because of the internet, is the same increased exposure of fake ones. Especially in a large populous state like New York, it’s easy for average people to fall for fake lenders promising Home Loans New York near me.

Never Pay for a Pre-approval or Quote

Be vigilant that the USDA home loan online near me that you chose is indeed true. Most lenders would charge for application fees that covers when they need to check your background, credit, reports, and your appraisal. However, you’d only need to pay this fee for the later stages of the application process.

Being Approved for Mortgage Doesn’t Guarantee a Home Purchase

Although online lenders can offer low interest rates, the rates can be really high for people with really low credit score. If you have a low credit score, it’d be a much better choice to repair and improve your credit score rather than opting to buy a home at an increased rate that what would be normally given to you.

Be Careful with Online Forms

With no one around to assist you in your form application online, be sure to double-check (and triple-check) the information that you would give. A simple misinterpretation of things on the form could cause a lot of problems later on. That is why you really need to communicate with the staff on online lenders in order to get the best information to help you with your loan decision.

It may not be very complicated to determine your financial goal/s – a comfortable retirement, children’s higher education, a new house or a new car, but developing an appropriate asset allocation plan intended to achieve those goals can be. Using online tools like asset allocator can prove to be valuable to reduce volatility and enhance diversification.

While all investments involve risks, including a possible loss of principal, the risk gets proportionally mitigated when allocated prudently. Typically, the greater the potential of the investment, the more the risk involved. Investors should be comfortable with market fluctuations, especially over the short term. Equity investments fluctuate, due to general market conditions. Bond prices generally move inversely to their interest rates. What determines success in long-term investing has been asset allocation. Asset allocation is investing your money in different categories of assets – typically equity, debt and gold, so your investments are well diversified.

The goal of devising a suitable asset allocation plan is to develop a robust investment portfolio that will help you reach your financial objectives in tandem with the risk you find comfortable with. A well-diversified plan may be one of the most effective ways to realize your long-term goals over time.

How can asset allocation help you?

Reduce risk:
Diversifying your portfolio helps spread the investment risk across many different asset classes.

Opportunity to earn long term risk adjusted returns:
Diversifying your investment portfolio helps you improve your chances of participating in market gains and mitigate the impact of poorly performing asset classes on your overall portfolio returns.

Stay focused on your goals:
Diversifying your investments help reduce the urge to time the market and safeguard against market ups and downs.

Thus, asset allocation helps you in improving your chances to earn better long term risk adjusted returns.

A passive fund is where the fund manager and his team do not actively manage stocks. They mandatorily invest in the stocks that the underlying index is comprised of. They try to replicate the index and give returns according to their performance.

Passive funds are different as compared to Active Funds because they have a low expense ratio. The involvement of the Fund Manager in an Index Fund is lesser. As per SEBI regulations, the Exchange Traded Funds’ (ETFs) expense ratio cannot exceed 1% the daily net assets. ETFs generally cannot beat the benchmark. The Nifty ETF’s returns may be equal to the benchmark’s returns or lesser.

The active fund managers, in contrast, need to undertake industry research, based on which they take positions in the markets. This making active funds relatively costlier. Actively manages funds seek higher Alpha, which means they take a little more risk to generate higher returns than the benchmark. Their main objective is to beat the benchmark and if the fund manager takes a wrong decision, it can result in huge losses.

The objective of the NIFTY 50 ETF is to try and replicate the performance of the index by buying the same stocks in the same proportion as they are in the index. Nifty 50 Index includes the top 50 liquid stocks of the market. Investing in Nifty 50 ETFs gives investors diversification, which is important because it diversifies the risk factor. The Nifty 50 Index consists of the 50 most valuable stocks spanning across sectors of the Indian economy.

Many investors refrain from investing in markets as they do not possess adequate knowledge of the stock market. Investing in NIFTY 50 ETF doesn’t require extensive research as all the fund does is buy stocks from its underlying index, which is the NIFTY50. You will always have the option of buying stocks on your own but for which you will require a huge investment to invest in stocks of multiple sectors. Thus, investing in NIFTY 50 ETF gives your invested money a broad exposure which a single stock may not able to do so.

Are you willing to buy your first Bitcoin (BTC)? You might be buying because you believe in its original ideology or think it’s a solid investment. Or perhaps you want to put some Bitcoin aside for your children. Whatever your reason, it’s important to keep your investment safe.

What is Bitcoin (BTC)?
Bitcoin is a digital currency that was launched in 2009. It’s stored using something called blockchain technology, essentially a chain of decentralized data blocks. There are now thousands of cryptocurrencies, but Bitcoin was the first and remains the largest.

What are the risks involved in it?
If you want to buy Bitcoin safely, you’ll need to consider the risks.

Cryptocurrency is extremely volatile. This year alone, Bitcoin has gained over 200% but has seen its fair share of crashes. And even though a reputable exchange or brokerage can help protect your investment, you’re still going to want to pay attention to how you can safely buy and store your Bitcoin. Let’s get into the topic.

Do your research:
The best way to handle the bitcoin investment is to know what you’re investing in and have a strategy.

Buying cryptocurrency is similar to buying stocks, but it is still in its infancy stage. That’s one of the reasons it’s so volatile. And with over 11,000 currencies out there, you have a lot of options to explore. You’ll have to look into individual coins for yourself and decide which ones you believe will be profitable in the long term.

Choose the best exchange:
There are several exchanges in India to buy Bitcoin. I would recommend “Koinbazar”, India’s leading cryptocurrency exchange where you can buy, sell, and trade cryptocurrencies safe. Their motto is to provide a user-friendly platform and intuitive experience to users all over the world. They have recently launched their mobile app for both Android and iOS platforms. Koinbazar offers 10,000 Shiba Inu tokens to the user who downloads and sign in to the app.

Deposit funds:
If you haven’t bought Bitcoin before, you’ll first need to deposit some fiat currency, such as Indian Rupee (INR), US.dollar, into your account. Koinbazar supports instant INR deposit options only for Indian users. So you can easily transfer your funds from banks to your wallet within few minutes. They will enable features for other fiat currency deposits in the future.

Buy Bitcoin (BTC):
After all that preparation, this step is perhaps the easiest. Log in to your exchange, build your profile details, complete KYC, link your bank account, deposit INR in your wallet and choose how much Bitcoin do you want to buy. You can easily buy Bitcoin in India with INR on Koinbazar.

Read More: How to buy Bitcoin in India from Koinbazar?

That’s it. You’re now the proud owner of your very own piece of Bitcoin. One final note: It’s natural to be tempted by the high-profile profits people have earned with Bitcoin. And you may be scared you’ll miss out if you don’t invest now.

Even so, it’s not a good idea to invest money you can’t afford to lose. If you’re saving your money for plans, such as buying a house or retirement, don’t risk investing in Bitcoin. And make sure you have a solid emergency fund before you do begin. By following these steps, you have a better chance of protecting your investment.

Final Thoughts
Over the long term, there’s been no better way to grow your wealth than investing in cryptocurrencies. But using the wrong exchange could make major issues in your investing returns. There are many risks involved in it. So, be careful while investing in cryptocurrencies.

No one expected last year to be so volatile for the markets and unpleasant for the economy. Coronavirus has disrupted the lives of everyone from rich to poor, from emerging economies to developed economies, from currency to commodities; no one is spared.

Many have started comparing this economic situation to that of the 2008 Lehman crisis, which followed with the good time to get into the markets. So if you are boggled with the question of where to invest now or how to build a portfolio during such times, we have mentioned below 4 easy steps that can guide you to build a portfolio or an emergency fund for yourself in times of crisis.

Examine your Cash Flow:
First and foremost, check if you can maintain the income which meets your monthly expenditure or basic needs. During the current pandemic, salary cuts and business losses have affected a majority of the population throughout the world. If you have an ongoing SIP with a mutual fund, check if you can maintain the periodic contribution without denting your monthly expenditure. If it’s affecting, we suggest you contact the mutual fund company and pause your SIP for a while. If you have a surplus left after meeting your emergency fund, you may then consider investing money into volatile asset classes such as equities.

Understand your risk-taking ability:
Before you invest your money, gauge your risk taking abilities. If you are an investor reaching your retirement, you might want to take a conservative stand, which means investing your money in debt funds. Invest in debt funds that invest entirely in government securities and have no private party risks. Though it seems to be a good time to get into equities, however, due to volatile nature of the market and the uncertainty over of how long the pandemic may last, it’s better to defer until an emergency fund is in place.

If you are an investor who is young and has just started his/her career, then your risk-taking capacity is more. In such a case, it’s better to have a higher allocation towards equity. Choose funds that have higher allocation towards Equities and start and investment with as little as Rs. 500 a month.

If you are in the middle of your career or late 40’s of your age, then it’s important that you gradually reduce your exposure towards equity and give your portfolio an exposure towards debt. By investing in balanced funds, you can get exposure towards debt instruments, thus balancing the risk. Also, funds like Multi-Asset Fund can bring in more stability as they do not just give you equity and exposure but also towards gold, thus bringing a good balance in your investment and diversifying the risk.

Bifurcate between Short-term investments & Long-term investments.
Your emergency fund needs to be separate from funds intended for short-term or long-term goals and should form the base of your portfolio. This prevents you from tapping emergency funds when in need of money during times of need.

Don’t ignore commodities.
Generally, people tend to ignore this asset class. Still gold as an asset class is an effective portfolio diversifier and serves as a store of value. In an environment where financial markets are taking on the chin, gold stands tall and has helped protect value.

Typically, gold has an inverse relationship with paper assets like stocks and currencies and shines the brightest during extreme economic conditions, thanks to its safe-haven appeal. That gives it tremendous diversification value. It has historically proven to be a store of wealth in times of geopolitical or financial distress. It is a must-have while planning to build your Emergency Fund.

Always choose mutual funds to create the portfolio you desire as the Mutual Fund industry is managed by professionals. Mutual Funds are transparent and regulated by the Securities and Exchange Board of India (SEBI), which protects the interest of investors and monitors the functioning of the mutual fund industry. Hence, use them wisely to create your emergency fund.