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How can you reduce your Home Loan EMI burden - (A)

Choose a shorter repayment term. As mentioned earlier, a shorter loan term guarantees a faster full loan repayment; which leads to lower interest charges. You must understand that a higher interest payment does not necessarily mean a higher effective interest rate. What increases as the loan term increases is only the absolute interest payment, which …

CVV Number What it is, How it Works & More - (A)

When shopping online or over the phone, you are often asked for your credit card CVV number, sometimes called a card security code. CVV is short for Card Verification Value and is an important security feature. What is a CVV credit card? CVV is a three or four-digit code that is printed on your credit …

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 …

How Does Good & Bad Credit Score Affect Your Credit Profile - (A)

Your credit history tells you about your credit history. It is a mirror of his responsibility for his debts. Your credit history contains the history of your credit, credit cards, and credit accounts. When you opened it, how much money did you take and return on time? Your credit history is a consolidated record of …

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 …

Repo Rate Funding vs MCLR based Funding by Banks - (A)

The Reserve Bank of India (RBI) introduced the Marginal Borrowing Rate (MCLR) on April 1, 2016, to offset the base rate, which was the benchmark rate for everyone at the time. of commercial banks. However, the banks’ delay in passing on the benefits of low repurchase rates to clients under the MCLR program prompted the …

Investing for Retirement The Complete Guid 1

There are several steps in planning for retirement, and the ultimate goal is to have enough money to stop working and do whatever you want. Our goal with this retirement planning guide is to help you achieve that goal. Step 1: Know when to start planning for retirement When should you start planning for retirement? …

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