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The wage subsidy program incentivizes almost 33 lakh to create jobs in the formal sector - (A)

The union government wage subsidy program created almost 33 lakhs of new jobs in the formal sector last year, including almost 11.5 lakhs of workers in the July-September quarter of the current fiscal year (FY22). Of the nearly 33 lakh recipients, at least 28.8 lakh are new employees, the remaining 4.18 lakh are workers who …

Are fintech competitor or partner to banks - (A)

The banking sector is one of the most stable foundations of the Indian economy. It’s an interesting time now, with major developments impacting earnings, portfolio engagement, and opening up of new opportunities. Today’s customers want more personalization, relevance, and value engagement than ever before. Digital native fintechs are ready to seduce you with their innovative …

Mortgage of a decreased person_the joint debetor or the legal heir must reimburse the bannk

In the past 18 months, the COVID-19 pandemic has ruined the finances of many. A difficult situation in which the relatives of deceased relatives found themselves was when they discovered mortgage loans that the deceased was paying. If a borrower dies without having fully paid the loan, the obligation falls on the co-borrower or legal …

Why should you choose Home Loan Balance Transfer - (A)

A home loan balance transfer is the means of transferring an existing home loan to another lender at a lower interest rate and other benefits. It is very similar to a new home loan. When a borrower makes a balance transfer, their entire outstanding balance is transferred to the new account, where the new lender …

Boost Your Credit Score with Different Types of Credit - (A)

A credit score is a statistical number that evaluates the creditworthiness of an investor or consumer. It is based on the person’s credit history. Today, lenders focus on creditworthiness to measure the likelihood that a person will pay off his debts. A person’s credit score can range from 300 to 900, and the higher the …

8 Things You Need to Know about a Stock Market Correction - (1)

One of the main reasons some people prefer to stay away from stocks and invest in other assets like government bonds and time deposit accounts is that the stock market is far from stable. The investment can almost be explained as a roller coaster. Formally, a market correction is described as a decrease of at …

Why is Calculating APR Crucial Before Taking a Loan - (A)

What was the first thing you thought about when you asked for a loan from a bank? Most people react to the interest rate! They assume that the bank with the lowest interest rate is your best option. But we are not telling you the whole truth in this communication. There are also other fees …

Importance of Repayment Tenure in Loans 1

When you get a loan, you must repay it to the lender within a certain period of time. The repayment includes both principal and interest from a predefined number of monthly payments. Simply put, repaying the loan through a series of scheduled payments, commonly known as EMI, that includes both the principal amount outstanding and …

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