Why is Personal Loan Demand Increasing Every Year?

 

Personal loan demand has been rising annually in India. The increasing demand results from people's increased desire to grow their wealth, learn how to invest, and increase their financial independence.

 

Personal loans in India are now going through a period of growth. In recent years, people have been becoming more aware of their finances and how to manage money better. One of the simplest ways to become financially secure is to create and manage a budget for yourself, a practice that most people follow for only one or two months at a time.

 

The rise in demand for a personal loan can be directly related to financing education, which is why we need to spread awareness of the value of financial literacy and knowledge among all sections of society. There are various reasons why there is an increase in demand for personal loans in India and these are the main reasons;

 

It Does Not Need Collateral

Personal loans can be taken without any collateral this is also called an unsecured loan. This means you do not need to pledge any asset or security while applying for the loan. The loan is sanctioned based on your monthly income, and that's it.

 

Flexible Repayment

Personal loans come with repayment flexibility, unlike home loans, car loans, and other types of secured loans. This means that you can pay back whatever you like on your personal loan, whenever you like and however much you like.

 

Low and Flexible Rate of Interest

Personal loans are available with a flexible range of interest rates. You can apply for the loan with a fixed rate and pay back the entire amount at the same fixed interest rate at a later date. Or, you can choose to pay back at a variable rate of interest, which changes every month as per the crooks' discretion or market conditions. The borrower can decide what repayment schedule works best for them.

 

Increase in Disposable Income

The growth of disposable income in India has been increasing rapidly. The government has also greatly increased the flow of money into the country, making loans more accessible for low- and middle-income customers.

 

Easily Affordable

Personal loans continue to be cheaper than other formal borrowing options like a personal loan against your Landline or even a home loan. This means that clients are getting access to more money by not having to "borrow" from their savings, which can be difficult.

 

Growing Job Market

The job market in India is booming, with hundreds of thousands of graduates entering the workforce every year. All of this means that there is a huge need for personal loans, especially among the average earners and small business owners who usually do not have access to any form of credit.

 

The economy seems to show good signs, and everyone wants to see it grow further. New businesses are opening up, unemployment is down, and the most important indicator of the economy – purchasing power – is up. This means that the number of clients taking out personal loans will surely rise.

 

Easy Credit Process Through Online

The process of applying for a personal loan in India is pretty easy at the moment. In fact, there are very few steps involved, and the application can be made directly from the comfort of one's home with the help of a mobile phone or broadband internet connection. Besides, the higher demand is due to easy access to credit. Online, you can get a loan in minutes.

 

 

The growth of personal loans is linked to the increase in the supply of credit to small traders and entrepreneurs who have been expanding their businesses at an increased rate. People are very willing to invest their savings with such people as they know that their hard-earned money is safe with them, instead of falling prey to some other financial company that just wants a quick buck.

 

Conclusion

Small businesses are booming in India. The demand for personal loans is growing in India due to people's increasing need to invest and grow their wealth by increasing the amount of money that they have on hand. In this way, the current increase in personal loans is still a small part of the total Indian economy, but it is part of a much bigger picture that we can learn from.

 

That said, the growth of personal loans must not be taken lightly as it is a serious increase in financial capacity that could have disastrous impacts on small businesses if mishandled by our finance agencies. There are many types of personal loans in India that can help you bring your business to another level or just save you from a certain situation.

CBSC Board will Conduct Pending Exams 2020 Soon

Human Resource Development Minister (HRD) Dr.Ramesh Pokhriyal Nishank announced on Tuesday that the JEE-Mains examination for admission to the Faculty of Engineering will be held from 18-23 July while the NEET for admission to the Medical Faculty will be held on 26 July. Both these exams were postponed due to the nationwide lockdown applicable to the Covid-19 match.

Now students are waiting for the CBSE exam date. When Human Resource Development Minister Ramesh Pokhriyal Nishank was asked about the date of CBSE board examinations by a student, he said that a decision will be taken soon on the examination of pending subjects of CBSE board of class 10th and 12th.

One thing is clear from he is saying that the date of examinations is going to be announced soon. Explain that the CBSE exam date will also be given like JEE examination and NEET examiner, HRD Minister Ramesh Pokhriyal Nishank through Facebook Live.

At the same time, when a student asked when the colleges would open, Human Resource Development Minister Ramesh Pokhriyal said that in the UGC calendar, it is suggested to conduct the college examination from July 1 and start a new session in August. Explain that when the college level examination will be held from July 1, an attempt will be made to declare the result by the end of July so that the session can start from August.

GATE Exam 2020 Important Dates and Notifications

IIT Delhi conducting GATE (Graduate Aptitude Test in Engineering) Examination 2020 in February 1, 2, 8 and 9. Admit card of the examination already has been issued on official website you can download your admit card by visiting the link Download GATE Admit Card 2020. You must need to carry your admit card during the examination.

Here are important dates of the GATE Exam 2020:

Events	Dates
GATE Online Application Processing System	3rd System 2019
Last Date of Registration	28th September 2019
Closing date of Submissions- Extended	5th October 2019
Last Date for Requesting Change of Examination City	25th November 2019
Admit Card Availability	3rd   January 2020
GATE Examination Dates and Time Forenoon: 9:30 AM to 12:30 PM (Tentative) Afternoon: 2:30 PM to 5:30 PM (Tentative)	Saturday Sunday Saturday Sunday 1st February 2020 2nd February 2020 8th February 2020 9th February 2020
Announcement of the GATE Result 2020	16th March 2020

I hope you have prepared for the examination. You have only some time left for GATE exam preparation. Previous Year question papers can help you to understand exam pattern and syllabus. If you want to know more about GATE Exam preparation and study material for 2020 you must read the detailed article here.

Best of luck for your examination.  

Role of Distance Learning Technologies in Education

Currently, to keep pace with the continually changing information technologies, it is necessary to learn continuously. One of the forms of education is distance learning. What is it?

Distance learning is a way to implement the learning process, based on the use of modern information and telecommunication technologies, allowing carrying out learning at a distance without direct, personal contact between the teacher and the student.

In previous years, children who could not attend school received education at home with the help of parents or visiting teachers. Today, the development of modern technology allows those who wish to receive training at home to implement it with convenience and comfort. Internet connectivity and the availability of appropriate technical devices are all that is needed to start distance learning.

There are many reasons why a child cannot study in educational institutions. Here are some of them:

The family often changes their place of residence, moving from city to city;

The student is additionally involved in sports and only cannot attend school on a standard schedule;

Mastering academic disciplines are difficult for a child;

The student is significantly ahead of his peers in the rate of mastering the material;

Conflict with the teacher does not allow the child to learn the program and get good grades calmly. 

In many such cases, distance learning is an excellent alternative to school attendance.

Distance education undoubtedly has its advantages in comparison with traditional forms of learning:

- Higher adaptability to the level of basic training and abilities of students, health, place of residence, and, accordingly, better opportunities to accelerate the process of obtaining education and improve the quality of education;

- Improving the quality of the educational process by focusing on the use of automated training and testing systems;

- Accessibility for students of "cross" information, since they have the opportunity, using computer networks, to turn to its alternative sources;

- Increasing the creative and intellectual potential of students through self-organization, the desire for knowledge, the ability to interact with computers and independently make responsible decisions;

- Pronounced practicality of learning (students can communicate directly with a specific teacher and ask questions about what interests them most).

 Thus, the introduction of a distance learning system in educational organizations will allow solving the following problems:

- Education of children with special educational needs, as well as frequently ill children;

- Organization of remote control of students' knowledge;

- Work with gifted children (individual advanced tasks of a higher level);

- Assistance to students on the independent development of specific topics or sections of the school course;

- Support in the in-depth/profile study of subjects of interest to students.

However, some problems and difficulties accompany the introduction of distance learning technologies in the educational process:

• Regulatory (payment scheme for course authors and teachers conducting classes using DOT);

• Pedagogical (training of new authors of distance courses and distance teachers);

• Technical and ergonomic (availability of high-quality access to the Internet);

• Psycho-physiological (lack of working time to conduct distance courses during working hours, a large workload of the teacher with current work);

• Balancing the availability and quality of education;

• The need to adopt the teacher to the distance form of pedagogical activity in terms of his technical, methodological and psychological skills;

• Increase learning motivation through online study.

• Creating a favorable psychological climate during training;

• Observance of the norms and rules of network etiquette and standards of pedagogical ethics.

To eliminate problems when learning with the use of distance technologies, it is essential to take into account that a student's motivation and interest play a significant role in virtual space. Even the best and most advanced technologies, such as informational and psychological-pedagogical, can have the opposite effect without optimizing the educational process, so for a quality and accessible education it is not enough just to introduce a distance education system into the learning process, a creative approach to business is necessary; learning activities of teachers and students. After all, learning with the use of distance learning technologies is just a specific form of organization of education, requiring changes in the foundations of the traditional educational process and a revision of the principles and methods in teaching.

About the author

Melisa Marzett is a freelance writer with ten year’s experience in writing. She began her career working for a publishing house before switching to freelance with different books for publishing while raising her two younger brothers. Melisa is currently working for http://findwritingservice.com find professional writing services here, planning to write her first book.

JEE Main 2019 Exam Important Dates

JEE Main 2019 is the top most Engineering Entrance Exam in India.  JEE was previously conducted by CBSE, but from 2019 it would be conducted by NTA (National Testing Agency). JEE id divided into two exams. JEE Mains and JEE Advanced. JEE would now be conducted two times a year- January and Aril 2019. The examination mode is only Online. JEE gives Engineering aspirants admission to various IIT’s, NIT’s and GFTI’s.

   The application process for the January Examination started 1^st September and has been closed on 30^th September. The editing / correction can be done in the application form till 14^th October like photograph, signature etc. This examination would be 8 sittings between April 6 to 20. Candidate can appear only once. JEE has allotted date and time to all the registered candidates. The admit cards for JEE Exam will be allotted on 17^th December to all the registered candidates. This is an ALL India level Examination.

Over 1.55 lakh students apply for JEE Main Exam this year. The next slot of Examination of JEE Main would be in the months of April for which the application would start in the month of February. Exam date would be between 6^th to 20^th April. 

 The result will be declared on 30^th April and counselling will be on the month of June.

JEE Advanced, the gateway to admission in 23 IIT’s has released its date to be 19^th May. The 2 lac aspirants who pass JEE Main are eligible to sit for JEE Advanced Examination. Candidates can sit maximum of 2 times in 2 consecutive years for this exam.

 JEE Advanced would be Online mode. Time duration of the Examination would be 3 hours. Only the candidates who have passed JEE main can appear for JEE Advanced. JEE Advanced has around 11000 seats to be offered to engineering aspirants. 

Exam pattern is defined for JEE Main but JEE Advanced has no fixed pattern. The candidates who have already rejected the seats of IIT’s in the previous year cannot apply for this.

Engineering being the most-sought after Entrance Examination in India has become a great competition these days. The colleges offered with the JEE Main Examination helps the students to secure a bright future and placements.

You can study online to prepare for different engineering branches like civil, electrical and mechanical etc.

JEE Main 2019 Exam Notification

National testing agency (NTA) organize JEE Main exam every year to offer admission for BE/B.tech and B.Arch/B.Plan courses in reputed institute like IITs, NITs and CFTIs. Candidates will have to qualify both exam JEE Main and JEE advance if they want admission in IITs and ISM Dhanbad. JEE Main Exam is national level entrance test to take admission in engineering institutes.  Competition in every exam increasing every year. Students need to get good score to take admission in highly qualified institutes. Let’s know more about JEE Main 2019 exam like Eligibility, Application form, important dates, procedure to fill online form, exam fee and syllabus etc.

JEE Main 2019 Exam Eligibility:

Age Limit: Candidates who are less than 25 years old are eligible for JEE Main 2019. He/she must have been born on or after 1 Oct 1993.

Relaxation in Age: There is some age relaxation for SC, ST and PWD.

For admissions to IITs, NITs, IIITs and CFTIs: Candidates who want to take admission in IITs, NITs, IIITs and CFTIs must have at least 75% of marks in aggregate and 65% for SC/ST.

Passing Year: Candidates who have passed in 12^th before 2016 are eligible to apply for exam.

Numbers of Attempts: There are only 3 attempts for candidates and attempts limit is same for all categories. There is no relaxation for SC/ST and PWD.

Subjects: Candidates must have physics and mathematics along with one of these subjects Chimstry/Biology/Biotechnology.

JEE Main Important Dates:

 Following are important dates of JEE Main Exam of 2019: 

EVENTS	DATES
Release of JEE Main Notification	September 01, 2018	February 08, 2019
Commencement of JEE Main Application Form	September 01, 2018	February 08, 2019
Closure of Application Process	September 30, 2018	March 07, 2019
Availability of Admit Card	December 17, 2018	March 18, 2019
JEE Main 2019 Online Exam	January 06 to January 20, 2019	April 06 to April 20, 2019
Declaration of Result Declaration of JEE Main All India Ranks	January 31, 2019 March 2019	April 30, 2019 May 2019

JEE Main Exam Application Form 2019:

National testing agency will be releases JEE Main online form from 1 to 30 of September 2018. Registration for exam will be only through online mode. Check here step by step process to fill exam form.

Step 1:  Candidates have to visit NTA official website to fill online form.  First of all candidates must have complete registration process completely.

Step 2: Authentication through Aadhaar Card-Candidate details should be matched with their UID database like name, date of birth address etc.

Step 3: Candidate will fill online application form like Personal, academic, exam related and other detail about the candidate.

Step 4: candidates have to verify his/her email address and mobile number.

Step 5: candidates have to scan their documents like mark sheet of sr. secondary and signature.

Step 6: Candidate have fill online free through netbanking, debit card and other method.

Step 7: Print out the receipt of submitted fee for future reference.

Application Fee:

Exam Center Opted	Appearing Papers	Offline Mode Exam		Online Mode Exam
	Paper Type	General/OBCs (Male) (INR)	SC/ST/PWD/Girls (INR)	General/OBCs (Male) (INR)	SC/ST/PWD/Girls (INR)
India	Single Paper	1000	500	500	250
	Both Papers	1800	900	1300	650
Foreign	Single Paper	2500	1250	2500	1250
	Both Papers	3800	1900	3800	1900

JEE Main Registration Dates: (January 2019 Exam)

Events	Dates
Registration Start Date	1st of September 2018
Last date of Registration	30th of September 2018
Correction date of Application form	September/October 2018
Online Application Release	8th February 2019
Last Date of Application Submission	7th of March 2019
Exam Date	6th to 20th of April