Category: General
Collateral Loan
What is collateral? It is an asset or property that a borrower offers to a lender as a backup in exchange of a loan. The lender can seize and sell the
Feb-17 • 2 mins read
Why NBFCs are Preferred Over Banks for Personal Loans
In India, the NBFC sector has evolved tremendously over recent years, causing the personal lending (PL) space to improve dramatically. According to th
• 2 mins read
What is EMI? How is it calculated?
Loans are an integral part of our lives today. We take loans for a specific purpose – be it for buying a home, a car, or sending kids abroad for edu
• 5 mins read
What is Debt Financing: Understanding its Meaning, How it Works, and More
Most businesses at some point need additional funding to either expand their business, boost their revenue or increase their company’s value. There
Feb-04 • 2 mins read
FICO for India
What is a FICO Score? Created by the Fair Isaac Corporation, a FICO credit score, is a number that represents a person’s creditworthiness. Banks
Jan-28 • 4 mins read
Explained: How RBI’s Loan Restructuring Scheme Works
The six-month loan moratorium provided the much-needed relief to borrowers during the economic distress caused by the Coronavirus. But, it ended on Au
Oct-30 • 3 mins read
6 Common Debt Consolidation Mistakes [Includes Tips to Avoid Them]
A debt consolidation loan is a useful tool to overcome your debt, but if you don’t have a plan in place to move forward, you’ll end up with more d
Sep-25 • 4 mins read
Debt Snowball Method: Get Out of Debt Faster
When tiny, tightly packed snow is made to roll on the ground covered with snow, it gathers momentum and speed and grows bigger as it rolls. This techn
Aug-27 • 3 mins read
Millennials and Money: 5 Financial Tips for Young Adults
Most millennials are now in their 20s and 30s – and that’s the time most of them make big life decisions like getting married or buying a hous
Jul-07 • 2 mins read
Income Tax Online Payment in India: The Process and the Benefits
In India, there are two types of taxes: direct and indirect. In direct tax, you pay a tax on your income directly to the government. In indirect tax,
Jul-03 • 2 mins read
Get it on playstore
Get it on appstore