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With the cost of homes skyrocketing, it is not possible to pay the full down payment without taking a loan. With home loans a little easier to get and the added advantage of tax benefits home loan application has increased dramatically.

It could be quite shocking if your loan or credit card application is rejected due to your poor credit score even if you had maintained a good track record of credit behaviour. Your credit activities are reported by your lenders to the credit bureaus. It is sometimes possible that your credit report can contain errors as human work is involved in updating the credit report.

Life might throw you in deep financial trouble which you would want to resolve immediately. After being unable to manage your credit card or loan accounts, you might eventually decide to close it to get out of the sticky situation. It could offer you a temporary relief, but the ghosts of the past will haunt you forever if not dealt in the right way.

A good education gives wings to an individual to fly higher in the career. It is a stepping stone to achieve their ambitions in life. However, not all have the means to fund their studies from their own pockets considering the rising cost of education.

The concept of how certain sins that you commit and how it affects your life is present across all cultures. In fact, sins and redemption have been embedded in our public consciousness that from classic art works to movies. (remember the movie Se7en?).

Most people try to put off financial work till the last minute or forget completely about it until it is either past the due date or if we are forced to do it. We do not at times take financial obligations seriously and do not fully understand the implications of this tardiness until it is too late.

A personal loan is a multi-purpose loan which can be used for any purpose deemed necessary by the borrower. It could be for paying children tuition fees, for marriage or for any medical emergencies, personal loan can be used for anything.

Personal loans are unsecured loans which is risky for banks and NBFCs. Due to this risk banks have become very stringent in offering loans and have many internal criteria which one needs to satisfy before any personal loan is approved.

Second chances don’t come easy. Especially the pressure that comes with making a first impression. We have all heard about first impression make the best impression, if a person makes a mess of that impression it will take immense hard work and time to get into the good graces of people.

If you are a student or have completed your studies and got your first job, you might be looking for a credit card to manage your finance efficiently. It could be puzzling as banks demand a credit history to offer you a credit card. The first-time borrowers who are new to credit will have ‘NH’ in their credit report which means ‘No History’. With that status, getting a credit card can become slightly difficult.

When it comes to getting funds for the immediate needs such as wedding, medical expenses, vacation, education, buying durables etc, a personal loan is the most convenient way to accomplish it.

There can never be a single answer for a question like this, after all not. On an average, people have at least 2 to 3 credit cards which could differ from person to person based on their requirement. Various scenarios will come into picture when talking about how many credit cards a person can have.

It is that time of year where we start thinking of taxes or should I say that the companies you work for make you think about Income Tax

A decade ago, for an individual to buy a house was considered a great achievement. Today, the scenario has changed with the arrival of multiple Housing Finance Companies. Applying for home loans have become much easier with online options which have simplified the application process.

The banking sector has embraced digitalization which come with its share of misgivings. Do not think that is an episode of Black Mirror but there is a serious risk to how we share data online especially how we financial information.

Reserve Bank of India (RBI) has asked all banks and NBFCs to move to MCLR based interest rate instead of base rate which was followed before. All new loans on or after April 1st, 2016 will be sanctioned based on MCLR rates.

Education is one of the greatest gift a parent can bestow upon their children. As the saying goes “Buy a man a fish, he will eat for a day. Teach him to fish, you feed him for a lifetime.” If you give a child the proper education, you set them up for life.

Little drops make a mighty ocean. From childhood we have been taught to save for the future. Opening a savings account has become a necessity once you cross 18 years of age to manage your own finances. However, there are other high yielding instruments that you do not want to overlook as an alternative option to savings account.

Technology has reached every nook and corner and it has made a prominent impact on every business. Over 80 million people in India are employed in Small and Medium Enterprises contributing a major portion in country’s GDP.

There are very few things in life that are as painful as rejections. Imagine a rejection on your credit card application, it may not be to the level of life’s great rejections but nevertheless irritating, especially when you have a good credit score?

Everybody at one point in time, dream of running their own business and not working under someone, become the next Steve Jobs or Bill Gates, but only a few try to live that dream. This is because starting a business is scary and risky. You are venturing into the unknown with just your business plan and your trust in it.