I am paying my home loan since last 2 years and eats up 40% of my salary every month. I used to wonder should I invest whatever is left in mutual funds or repay my home loan. This dilemma is faced by a lot of homeowners in India. We don’t like to have loan on […]
Loans & Credit
What is Peer to Peer Lending? How does it work? | RBI’s latest Guidelines on P2P Lending Platforms
As per the latest RBI’s report, the total outstanding amount of un-secured loans (personal loans) given by the formal banking sector is around Rs 16,200 billion. That’s a huge amount! But, we all know that a majority of us (Indians) also rely on our friends, family members, acquaintances, money lenders, Chit funds and business associates […]
A Complete Guide to ‘How Banks Assess Your Credit Health’ | How Lenders decide whether to give you Credit?
When Karthik’s father had a medical emergency, he decided to pursue one of the many loan/credit card offers he receives on a daily basis. Initially, all looked positive as the over-enthusiastic bank representative excitedly pointed all the benefits Karthik would receive and how this was truly the best decision of his life. However, Karthik was […]
How Technology is Redefining the Financial Services Industry – As we know it today!
Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them. A consumer today can hail a cab conveniently using the smart-phone instead of waiting forever for the public transport to arrive. […]
What is Loan Refinance? What are the benefits of Refinancing?
Troubled with your monthly installments? Loan Refinance can be the best and easiest solution to cut down your Loan cost.. Is major chunk of your salary gone in paying monthly installments, paying credit card bills, and other bills that fall in your kitty? There is a way out to get you out of this messy […]
Errors on your Credit Report can be devastating ! A case study
Nikhil Gupta was all set to buy his first car. He knew that banks check the CIBIL score and report of an individual before sanctioning an auto loan. But these criteria never seemed to bother him. After all, he possessed only a single credit card and always paid the balance in full each month. He […]