While some people go for a cash-only lifestyle, most of us rely on credit to pay for the high cost of living over time. If you’re looking to buy an expensive item like a house or car, start or expand a business, remodel a kitchen, or pay for a college education, you can apply for …
When a financial emergency arises, a personal loan is the most popular option for obtaining money for many. With the increasing demand for this unsecured loan, it is not cheap, unlike other loans. The interest rate is usually higher and it takes a lot of work to get the best deal. Learning from the mistakes …
When getting a credit card for the first time, it can be tempting to hurry up and spend your money. However, it’s important to remember that while credit can help you make purchases that you might not otherwise be able to pay for with cash (like a house or car), it doesn’t mean that “free” …
The world has been battling the coronavirus pandemic for more than five months. Although the SARS-Cov-2 infection primarily caused a landslide in the medical infrastructure, it also had a significant impact on other sectors of the economy. The banking sector is one of the negatively affected sectors. On March 27, the Reserve Bank of India …
The National Stock Exchange (NSE), which is the world’s largest futures exchange in terms of the number of contracts traded, had a technical defect on February 24 that went public for hours. This is an attempt to answer all the important questions about a technical issue and its effects on investors and operations. What is …
To qualify for a loan from credit institutions such as banks or NBFC, you must meet certain eligibility criteria. One of them is good credit. A credit score provides information on financial health based on past financial history and transactions and indicates whether the borrower can repay the loan on time. Most banks verify CIBIL’s …
It’s true what they say, change is the only constant in the world. Take the impact of the Internet, for example. The internet has changed the way we pay bills, how we talk to ourselves, and even how we watch television. The Internet is now the place where people chat, do business, and even shop. …
Due to the focus on increasing FDI in the insurance sector, an important aspect of the Insurance Amendment Act of 2015 went unnoticed. This clause makes it easier for the relatives of the insured to claim the insurance product once the insured is discharged. This clause avoids the possibility of disagreement between family members on …