What would you do when you don’t have a credit history or a bad one and intend to procure a credit card? More likely than not, your credit card application will get rejected. But as they say — there is always a light at the end of the tunnel for the optimists. Such applicants can … Read more
A personal loan is an unsecured sum of money lent by a bank, which must be repaid within a specified timeframe, usually in monthly instalments known as EMIs. While personal loans offer a quick and hassle-free way to meet financial obligations—whether for weddings, higher education, or purchasing a car—the interest rates tend to be higher … Read more
In today’s fast-paced world, financial crises can hit unexpectedly. Whether it’s a medical emergency, sudden job loss, or unexpected home repairs, having access to funds can make all the difference. Many individuals are turning to personal loans as a viable solution to navigate through tough times. But how effective are they in alleviating financial distress? … Read more
The devil as the saying goes, lies in the details. And with your credit scores this very much holds true. Three numbers, i.e. your credit score will reflect on how they view your approach towards money and how far your discipline towards money goes. And these three numerals make a world of difference whether you … Read more
So you have your credit card and your bank has given you an offer of some tempting loan offers. You have been eying those money splurging dreams that you have been waiting so hard for, that trip to Bali or London, that fancy bike, that LCD TV, etc. You have the urge to max out … Read more
A joint home loan is a type of housing loan in which multiple individuals share the financial responsibility. It allows immediate family members, such as spouses, parents, and siblings, to apply for the loan together. Let’s examine the numerous advantages of opting for a joint home loan and why it could be the perfect option … Read more
However, while the bank makes the loan sanction and disbursement part smooth, you should make sure the repayment part is smooth. Let us discuss some personal loan mistakes you should avoid for smooth repayment. Also Read: Applying for a personal loan? Here are essential dos and don’ts you must keep in mind Opting for a … Read more
A 400% increase in payment frauds, cases where 125 young boys are collectively duped out of ₹1 crore, life savings lost to phishing fraud, and credit scores plunging due to fake credit fraud – these are some of the headlines we are unfortunately becoming accustomed to. Cyber fraud is burgeoning into a digital pandemic that … Read more
A lot of millennials and Gen Zs take loans to fund their weddings. What’s your view on that? What are some of the things that they should keep in mind before taking a loan to fund their wedding and how should they go about it? Spending large sums of money on weddings is one trend … Read more
Maintaining a healthy credit score is vital for financial stability. There are numerous factors responsible for a healthy credit score such as length of credit history and credit utilisation ratio. Additionally, if you are struggling to make payments, consider reaching out to your creditors to discuss alternative payment arrangements or hardship programs. Your bank may … Read more