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India is considered to be a truly emerging market in the world at the moment. A major part of this growth is fuelled by the micro, small and medium enterprises of the country. The SME sector contributes over 40% of the total GDP and remains a critical source of employment for India’s growing population.

Are poor credit scores holding you back from purchasing your dream car? Check out expert tips on how you can get an auto loan even with low credit scores.

The Reserve Bank of India announced in June that it is extending the moratorium on loan EMIs and credit card bills for three months.

A Line of Credit (LOC) is an agreement between a borrower and the lender (bank or an NBFC) which states that the lender is ready to lend a certain maximum amount to the borrower.

You have spent months researching different car models and brands to find the perfect car for you and your family. You're so excited to finally own your dream vehicle. You locate the nearest dealer, take the car for a test drive, and are ready to take the plunge into car ownership.

The credit score is a numerical measure that determines an individual’s ability to repay a loan. In other words, it determines the creditworthiness of a borrower. Lenders and credit card companies always check credit scores to help them evaluate the repayment capacity of loan applicants.

The ongoing Covid-19 pandemic has created massive financial stress for individuals and businesses, across all sections of the society. To ease borrowers' burden during these challenging times, the RBI (Reserve Bank of India) has issued a directive to all commercial banks and NBFCs to offer customers an interim relief in their loan repayment schedules.

The government of India has launched several measures to help citizens deal with the economic blowouts caused by Coronavirus-lockdowns and restrictions. One such relief measure is the – moratorium on loan payments.

Medical emergencies, sudden unexpected expenses on the personal front, or cash shortages – can affect all of us at any time. During these challenging times, raising cash immediately becomes a huge struggle for all.

Are you looking to start your dream business? Or are you in need of working capital to expand your current venture? Or do you want funds to give your daughter a lavish wedding?

Credit cards dominate the digital transactions arena. Apart from convenience, credit cards offer various other value-added benefits like loyalty rewards, cashbacks, merchant discounts, airport lounge access and many more. Continue reading to explore the incredible benefits of credit cards.

After the onset of Covid-19 pandemic, the Reserve Bank of India announced a 3-month moratorium on term loan repayments as part of its economic relief measures. This moratorium applies to all payments between March 1-May 31, 2020 and also covers credit card dues.

Short-term loans are generally extended by financial institutions for 1-2 years. These are mostly unsecured, which means you don’t have to pledge collateral as security to avail them. Though funds can be extended quickly, the reason why they are labelled “short-term” is the associated repayment tenor (to be paid off in full within 6-18 months) rather than the speed of funding.

You have tried every possible way to repay your loan EMIs on time. In spite of your best efforts, a job loss, pay cuts, illness in the family, your loan repayments may go off the track. There may be situations where due to an unexpected financial crisis, you have fallen behind on your loan payments.

In today’s internet era and intensive online marketing, almost everything is availed with a few clicks online. Like all business sectors, banking too has been providing various services online, making the lives of most people easier when it comes to daily transactions.

With the Coronavirus pandemic spreading across the world, several countries, including India, encourages its workforce to work from home. Remote working, aka work from home, is seen as an excellent way to protect employees from the potential health risks at the workplace.

Getting a loan today has become easier than ever before. Commercial banks (private and public sector) along with non-banking financial corporations (NBFCs) make it quite easy for borrowers to get a loan to meet their various cash needs.

One of the most significant collateral damages of the Covid-19 pandemic is the failing economy. Due to the nationwide lockdown, millions of businesses and individuals are struggling to make ends meet.

Personal loans are one of the easiest ways to raise cash for emergencies and other miscellaneous expenses. It's readily available to both salaried and self-employed individuals. In India, almost all commercial banks, NBFCs (Non-Banking Financial Corporations), and even digital lenders offer personal loans.

To say that 2020 has not unfolded as expected is the understatement of the year. The Coronavirus pandemic has brought the whole world to a standstill. Companies and businesses are forced to resort to desperate measures like layoffs and pay cuts to survive the economic blowouts of the pandemic.

Do you file income taxes by yourself using an online income tax calculation website or app? Or does your chartered accountant handle it for you? Irrespective of the method you use, filing income taxes is a critical task – one that should be done with the utmost care.