When a life variable is an important determinant of choices we make, it has an equal ability to bring peace or stress. Clearly, if peace is the outcome you don’t have to do anything to change, but if your money decisions are causing you stress, you have to consider transforming your decision making and behaviour. … 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
What is a secured credit card? It is a type of credit card issued against the security of a fixed deposit. If you don’t have a CIBIL score, you can open a new fixed deposit or offer an existing fixed deposit and ask the bank to offer you a secured credit card against it. The … Read more
Improving your credit score is something that banks and NBFCs look favourably on, as it means that you are a responsible person fiscally and that lending to you would be safe. Experts give their advice on how to improve your credit score so that the (fiscal) sun shines down on you. Also Read: How can … 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
What is the credit utilisation ratio? The credit utilisation ratio measures the amount of credit an individual utilises from the credit limit available to them. For example, an individual has a credit card with a limit of Rs. 1 lakh and has utilised the card for Rs. 20,000. In this case, the individual’s credit utilisation … 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
In an interview with MintGenie, Singh said that fintechs and NBFCs can play a considerable role in solving the credit accessibility and creditworthiness of SMEs and MSMEs. Edited Excerpts: India has the largest MSME base after China. Keeping that in mind, what trends do you think are dominating the industry right now? Can you highlight at … Read more
In their forties, many people wish to purchase a home. This decade of life typically results in a more established career, presumably higher income, and greater savings compared to their 20s or 30s. It would be best if you had a clearer idea of your long-term objectives and what you want in a home as … Read more
In an interview with MintGenie, Kathuria said that the repayment period for top-up home loans usually goes up to 15 years, with some lenders offering loan tenures of 20 or even 30 years. Edited Excerpts: Q. Can you summarize how top-up home loans work for existing borrowers? How do they differ from traditional home loans, … Read more