Your paycheck is meant to last for a month to help you meet your expenses and also save some money. Unfortunately, not everyone can manage this. For many people, the income earned may be lesser than the expenses. This leads to situation where they run out of money even before the month ends. The situation…
The demand for loan products is likely to increase post-COVID lockdown as borrowers continue to tackle the liquidity challenges. With businesses shut down or are on the verge of shutting down due to hefty losses, there is a need to capitalize on the increasing demand of borrowers, especially small businessmen. While what worries is the…
Purchasing a home requires substantial finances, which is where a home loan can help. However, home loans are long-term financial obligations and lenders strictly prefer creditworthy applicants with a suitable repayment capability only for disbursals. Individuals who fail to clear all eligibility criteria outlined by their HFCs may fail to avail the necessary monetary funds.…
Most often people simply allow their savings to rest in their accounts and not do much with it. But when it comes to your savings, the best way to manage it is to invest in a fixed deposit and gain valuable returns. Your savings account will have very minimal growth and does not battle inflation…
Home loan applications have been growing in India, with the financial year 2017-18 recording an approximate growth of 16%. This rate grew in the following year 2018-19, recording almost 19% growth in home loan applications, consequently suggesting remarkable stability in the housing sector. Understandably, with more and more Indians opting to build their houses, it…
Foreign exchange trading has grown by leaps & bounds over the years. Following this growth, the number of forex exchange service providers has also shot up. And amidst this breakneck competition, the providers entice prospective customers with a host of offerings. But, as a prospective customer, you need to exercise some caution before you select…
From Shaila Chamberlain, CPA we received these words of advice regarding Online Banking. In modern times, banking is very easy. With online banking, you can access your bank at any time, whether day or night. You don’t need to be officially dressed to access your bank. Even better, you don’t need to wait in the long queues.…
If there’s one thing which bounces off your head within seconds, then that is income tax. What makes the matter worse is that death and taxes are inevitable. You might be starving without money, but you are bound to pay off your taxes. One of the most excellent ways to handle taxes is to plan…
When you buy something new, it always calls for a celebration. It also accelerates happiness, especially if you buy a home, bike, or a car. Bike or a two-wheeler always proves to be a good investment in cities where there is heavy traffic. Bikes can skip through the traffic and need tiny parking spaces. That…
The Indian financial market was predominated by debit cards. But over the years, with the changing financial situation, credit cards are becoming a basic financial tool for the market. As per the RBI, a 30% rise has been noticed on the total value spent on credit cards in 2018-19 from the previous year. Although a…