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Credit Restoration Strategies – A Guide To Repairing Your Credit

A Credit Score is a 3 digit number, derived from a person’s credit history. This number represents the creditworthiness of the person and is calculated based on information collected by credit bureaus from lending institutions. There are primarily 4 credit bureaus in India who are associated with different lending institutions. The credit score in India is marked between 300 – 900. Generally, a score of 700 – 750 is considered good.

2 months agoRead More
Amazon Pay ICICI Bank Credit Card Features & Benefits

Issued by ICICI Bank in association with Amazon Pay India Pvt Ltd. and Visa, Amazon Pay ICICI Bank Credit card is a lifetime free credit card. Yes, it means there are no joining fees or renewal fees! It provides earnings for every purchase, both on and off the Amazon website.  You would be getting rewards in the form of Amazon Pay balance under the Gift and Credits section on the Amazon website.

2 months agoRead More
Can an unemployed individual get a car loan in India?

To avail car loans in India, proof of steady income is the most deciding factor. After all, the bank or other lender wants to be assured that you have a steady stream of revenue so that you can repay the loan regularly. Does that mean it is not possible to avail an auto loan if you are unemployed?

2 months agoRead More
Top 7 Mobile Payment Apps for Small Businesses in India

With more and more Indians moving to digital payment systems, the payment industry has undergone massive changes. Point of Sales (PoS) machines have been a standard fixture at small business premises for the last two decades. Today, with an increase in mobile internet connectivity and the drive to cashless payment systems, mobile wallets are fast catching up.

3 months agoRead More
5 Emergency Loans that Come to the Rescue of Borrowers with Bad Credit

Life is unpredictable. You may have planned your monthly budgets, investments, retirement funds and more, but suddenly out of the blue life throws a curveball at us. There are plenty of situations in life, where emergency loans become necessary. A medical emergency in the family, immediate home repairs after the monsoon season, vehicle repairs after an unexpected accident, a sudden trip with friends – are some of the many circumstances, where we require cash fast.

3 months agoRead More
Six Popular Types of Equity Financing to Raise Capital for your Small Business

To make your business profitable, you need to raise money. Irrespective of whether you’re looking to start your venture or expand an existing business, capital is a fundamental requirement for all small businesses.

3 months agoRead More
What Is The Best Age To Buy A Term Insurance?

There are varied opinions on the right age to purchase Term Insurance, but there is a unanimous verdict on its necessity amongst today’s youth. Term insurance may be a pure life insurance product, giving benefits only upon the death of the policyholder, however, that has not deterred more people from seeking it out.

3 months agoRead More
Best Performing Balanced Funds For You To Invest In 2020

A Balanced Fund is a mutual fund that includes a stock component, a bond component, and sometimes a single portfolio component of the money market. Such funds typically stick to a relatively fixed mix of stocks and bonds. Their investments are aligned with a target of growth and income between equity and debt.

3 months agoRead More
RBI Guidelines On Credit Information Report

The RBI recently cracked the whip on banks and NBFCs for allowing third party fintech companies access to the credit information of their customers. It shot out a letter, dated 16 September 2019, to banks and NBFCs, bringing them to notice of what appears to have been a prevalent practice of sharing consumer credit information from Credit Information Companies (CICs) directly to fintech firms.

3 months agoRead More
Prepayment VS Foreclosure Of Loans

One avails loans to meet various needs in life, like home loans, vehicle loans, personal loans, education loans, business loans and so on. A major responsibility is then to repay these loans. One can go for the more common ‘repayment throughout the entire loan term’ or a few opt for ‘Prepayment or Foreclosure of their loans’.

3 months agoRead More
Mortgage Loans VS Home Equity Loans

One can be faced with the need for emergency funds at any time. That is what asset management is for. Your assets are your fallback plan in case of emergency. In India house property is an important part of asset management. It is for such emergencies that elders always insist on acquiring a housing property.

3 months agoRead More
Personal Loan For Defaulters

Debt management is a serious task. With so many loan products in the market, it is very easy to fall into the debt trap, but true brilliance is in staying afloat. Defaulting on your loans is not a pleasant experience.

3 months agoRead More
Different Types Of Business Loans

Obtaining the necessary credit at the appropriate time is crucial for any business endeavour. Initial capital and working capital are required to run any industry smoothly. Large scale industries have never had any difficulty in securing credit for their enterprises, because of the perception that they offer the highest employment opportunities to the general population.

3 months agoRead More
Benefits And Advantages Of MUDRA Yojana Loan

Large scale industries have never had any difficulty in securing credit for their enterprises, because of the perception that they offer the highest employment opportunities to the general population. It is shocking to find out that, large industries employ only 1.25 crore people countrywide. It is the small scale industries which falls under the unorganized sector that employs around 12 crore people in the country.

3 months agoRead More
How To Choose The Best Mutual Fund?

The best mutual fund may not always be the one giving the highest returns. It should be the one that satisfies your risk appetite while giving you stable returns to achieve your goals. Many people just go in for the returns of the fund, that too most recent returns, which can be a grave mistake.

3 months agoRead More
What should Businesses know about Credit Ratings?

Credit scores have gained a lot of popularity off late. These scores are assigned to individuals and it demonstrate their creditworthiness. A credit score shows the future lender the degree of risk that a lender has to take in lending to that particular individual. 

3 months agoRead More
The Best Home Improvement Loan

The home is where the heart is! This statement holds true and that is why everyone likes to own a beautiful home, with the best fittings and interiors, etc. Many a time it so happens that while going in for home individuals like to be on the conservative end due to the exorbitant cost of owning a home that they do not factor in the cost for the home beautification.  The need for beautification or improving a home may also come up a few years down the line, after the purchase of the house.

3 months agoRead More
Sustainable Finance Scheme (SFS)

Energy efficiency and consumption of renewable energy resources have been encouraged throughout the MSME industry. The Government of India, with the objective of incentivizing such MSMEs that promote sustainable energy development, has introduced the Sustainable Finance Scheme (SFS). This scheme is aimed at providing financial aid to such MSMEs that support Environment and Climate Friendly energy consumption and production processes. 

3 months agoRead More
SIDBI’s Make In India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)

The SMILE initiative from SIDBI was introduced to give a boost to the ‘Make in India’ campaign. This scheme provides soft term loans to MSME enterprises to meet the debt-equity ratio for their establishment.

3 months agoRead More
Self Employment Lending Schemes- Credit Line 2-Term Loan Scheme

The National Minorities Development & Finance Corporation (NMDFC) has numerous financial funding schemes in place to encourage entrepreneurs from the Minority population in setting up their business units. One such scheme is the Term Loan Scheme – Credit Line 2 under the Self Employment Lending Scheme.

3 months agoRead More
How To Select The Best Term Insurance Plan?

There is a popular saying which goes " The only things certain in life are taxes and death" which is quite true. Mishaps or accidents can happen at any time. Moreover, increased stress levels or lifestyle diseases have rendered life more and more uncertain. Even though it is true that one should have positive thoughts always, it doesn't hurt to be prepared for the worst.

3 months agoRead More

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