Education loan has appeared as a boon for each and every student who does not want to overburden their parents and want to bear the higher studies expense on their own. The procedure to apply for an education loan differs widely across banks in India. This article delves deeper and fetches out ... Views: 919
The usage of a credit card has become more prominent lately. Not only it makes big-ticket purchases easier, but you can even use it to get the required amount of physical cash to make the payment. A credit card allows you to purchase stuff on credit which you need to pay later to the credit card ... Views: 739
Most people persevere with depositing money in their savings account even after receiving an NRI (Non-Resident Indian) status. However, the law doesn’t allow you to do so. The moment your residential status changes to NRI, a lot of things change right from your bank’s savings account to your ... Views: 879
The State Bank of India or SBI is one of the largest banks in the country offering the widest range of credit cards with unmatched benefits, deals, and discounts. SBI credit cards are meant to cater all the needs of the customers and thus come with amazing lifestyle, travel, shopping related ... Views: 999
A personal loan comes in handy during a financial emergency as it offers quick disbursal, flexibility of usage and requires no collateral. While it may be a blessing for borrowers in need, it will directly impact their current and future financial position. Ideally, a loan should be taken only ... Views: 730
Buying a house is once in a lifetime process for many. It requires a lot of planning, research and investment. However, one big fact is that no savings can bear the surplus demand for money that one needs to buy their dream home. This is where a home loan comes into existence. It is an instant ... Views: 650
Whether you are traveling abroad or have to send money back home, the online money transfer facility is the most seamless, secure and quick process as compared to all other methods. It eliminates the need to visit the bank and stand in long queues thus making the task easy and convenient.
But ... Views: 609
Investment is the key to a bright and secured future. But, not many people know when and where to invest their money and hence decide to keep their money in a saving account. There are several banks and post offices where you can easily open a savings account. These savings accounts accrue ... Views: 639
State Bank of India, the largest banking institution in the country, offers a host of credit cards with several benefits. SBI Cards cater to the middle-income group as well as those who have extravagant spending habits. The eligibility criteria for SBI credit cards are based on what credit card ... Views: 857
The first-time home buyers in India can avail a plenty of tax benefits. These deductions not only help individuals manage finances in a better manner but also reduce their tax outgo. Read on to know about all the tax deductions that you must know especially if you’ve recently purchased a home ... Views: 698
Personal loan can be your saviour during financial emergencies and also for making your long-awaited plans like vacation or dream wedding real. While a lot of people are averse about taking personal loan for discretionary expenses, there are others who strategize their borrowings to avail ... Views: 884
Those days are gone when people had to stand in long queues, fill forms, submit innumerable documents and then wait for several weeks to get their savings accounts transferred from one branch to another. With the help of internet, account transfer from one branch to another has become quick and ... Views: 1147
Gold Loan is a secured loan that helps individuals in improving their credit score progressively. Since this loan is procured in exchange for gold ornaments, coins, etc. it is seen more useful in getting a good credit score.
Not long ago, just a few couple of years back, procuring gold loan ... Views: 887
If you’re searching for a new credit card, you might be wondering which card would give you more benefits-Visa or MasterCard. To help to decide which is best for you, here’s a comparison of MasterCard and Visa cards.
Both Visa and MasterCard provide the technology and network required for the ... Views: 849
Planning to buy a house? You can get a home loan from SBI. The State Bank of India is the largest private sector bank in the country and offers a host of home loan schemes to cater to the needs of customers from all walks of life. SBI is one of the best home loan providers in India, due to the ... Views: 673
In line with the government’s affordable housing scheme, the State bank of India has slashed the interest rate on home loans from 8.60% to 8.35%, the lowest in the market. The new interest rate is effective from May 9, 2017. Loans up to Rs. 30 lacs are only eligible under this scheme. In ... Views: 904
A fixed deposit (FD) policy is one of the safest investment options, wherein an investor invests a certain amount of money under the fixed deposit policy and earns interest on it. The primary advantage of investing in an FD is that it promises assured returns of investment with zero risk ... Views: 754
A mutual fund is one of the popular investment options where the Asset Management Company (AMC) collects the money from several investors and further invests it in different instruments such as debt, equity, money market and securities. The consequent profit, after deductions by the AMC, is ... Views: 783
Many people maintain a huge balance in savings accounts in banks. It provides a great benefit to account holders. The foremost benefit is that the individual earns interest on the amount which is deposited in the bank. The interest rate can be 4%, and so this acts as an additional source of ... Views: 838
Fixed Deposits (FD) and Recurring Deposits (RD) are the two common investment options that banks provide to the customers in India. Both these instruments provide assured return with the safety of the investment.
However, the interest earned on the fixed deposit is more than that of Recurring ... Views: 737
Financial crisis are sudden and may leave you in a mess! So if you find yourself in short of cash or need some urgent money, a personal loan can help you in this case. In India, there are quite a lot of banks and NBFCs (Non Banking Financial Corporations) that can provide a personal loan as a ... Views: 845
The increased credit limit on a credit card is immensely beneficial for card users. If you can do so, you will have more availability of credit to work with. Your card issuer can give you higher credit limit than you may know. This can have a great impact on your credit score as you may lower ... Views: 710
Bajaj Finance Limited is one of the major non-banking financial companies in India. The company offers a wide spectrum of services such as money lending, asset management, insurance, and wealth management. If anyone requires money urgently, the company offers them a quick approval online on ... Views: 859
With lower EMIs, home loans can be lighter on your pocket. To calculate an EMI, you must first understand what is an EMI? It is an equated monthly installment payable to the lender by the borrower on a specific date on a monthly basis. Loan EMIs are usually fixed every month. It consists of the ... Views: 940
Personal loans offered by banks and NBFCs in India allow you to fulfill your needs when in a financial crunch or emergency such as medical exigency, wedding of a son/daughter, child’s education, home renovation or any other expenditure. It helps people overcome a temporary shortfall in funds ... Views: 689
NEFT and RTGS are the two most important electronic payment settlement mechanisms in India. It is necessary for all individuals to have a clear understanding about the difference between RTGS code and IFSC code. Knowing this difference is also important for those individuals who need to perform ... Views: 4725
As kids, we were always worried about our academic reports that illustrated our performance at school and college. Things have not changed even today with report cards being replaced by CIBIL reports and these reports also have the same effect on us. For the uninitiated, a CIBIL report ... Views: 812
HDFC, one of the most popular banks in India is offering a host of customer-centric credit cards with exclusive lifestyle benefits, travel privileges, dining options and a lot more. Some of the credit cards offered by the HDFC Bank are super premium credit cards, premium travel credit cards, ... Views: 1044
Permanent Account Number or PAN is a necessary document which is needed while making hefty financial transactions or paying taxes in India. It is a tool through which the Income Tax Department of the country keeps a tab on the financial activities of the people. Applicants can apply for a PAN ... Views: 1023
Aadhaar is a 12 digit unique identification number given to every Indian resident based on their demographic and biometric data like photograph, fingerprints and iris scan. Although, it is not a citizen proof but it serves as one of the major identification proof in India. As of June 2017, 99% ... Views: 939
India is one of the largest consumers of gold in the world. Indians love to buy gold jewellery for themselves and to gift to their loved ones. It is also one of the primary items people gift to brides for her wedding. In short, Indians love to spend lavishly on this bright and shiny metal even ... Views: 906
It is advisable that you don’t spend all that you earn, because the inherent uncertainty of life makes it necessary for us to save and plan for hard times. But in terms of savings, it is not even enough to put your money in a mattress or bury it in your backyard. In fact, factoring ... Views: 709
Rewards points were introduced by the credit card companies to encourage its customers to use their credit cards for day to day expenses. Credit card companies mostly earn through an interchange fee from the merchant which varies from 1% to 2.5%. Besides the interchange fee, credit card ... Views: 1524
ICICI (Industrial Credit and Investment Corporation of India) Bank is one of the biggest multi-national public sector financial and banking service companies of India. It has more than 4,000 branches and around 14,500 ATMs across the country. It was the second largest bank in terms of assets and ... Views: 1016
Buying a home is a very important decision and so is finding the right home loan. You spend months comparing and choosing the right locality, better builders and the set of amenities offered with the house. But do you really spend enough time in finding the right type of home loan? There are ... Views: 976
Are you someone who spends a lot on shopping or maybe stocking up the staples? Or probably you love to grab the latest trend. But you also like to find deals and discounts on your shopping, specially credit card deals. A credit card is shopaholic’s best friend. There are number of credit cards ... Views: 1018
Personal Loan Prepayment is a process of repaying the loan before its tenure is over. This can be done when an individual with an outstanding personal loan has sufficient funds to repay the loan partially or in entirety. This helps the borrower get rid of their debt early and save money by ... Views: 924
The fabric of Indian society has changed drastically over the last few decades. Where large families used to make do with a single residence, nowadays the joint Indian family has disintegrated into various nuclear units, each with its own residential requirements. This is the reason that the ... Views: 1440
When traveling abroad, credit cards are absolutely indispensable. It is best advised to travel across the globe with low cash in hand, but with credit cards in your pocket. The most important question that flashes through your mind when using credit cards on foreign lands is- What are the ... Views: 1042
Most investors see gold as a safe investment option that can help them in a financial crisis. However, with various macroeconomic and political factors having a say on the prices, the lure of gold as an investment medium has lost some of its sheen over the last few years as can be seen from the ... Views: 1980