Evaluating Payment Options during Checkout

While checking out from your favorite shopping app, you could get one of the following payment options on your credit/debit card or Buy Now, Pay Later (BNPL). Full payment (no cashbacks or discount) Interest-based EMI (without cashback or discount) No-cost EMI Upfront discount Cashback Upfront discount/cashback and interest-based EMI Upfront discount/cashback and no-cost EMI Over… Continue Reading

Taking a Loan You Didn’t Want

While digital lending apps are all the rage, I am a bit paranoid even about downloading and browsing through such apps. I worry about the Machiavellian design of their user interface and that I may be fooled into taking a loan I didn’t want. And while it may sound surprising, this can happen. Recently, I… Continue Reading

Where to Find Money for Home Loan Prepayment?

A few weeks back, I wrote about the impact of RBI repo rate hikes on your home loans EMIs. RBI Repo rate hikes will quickly translate to longer loan tenures or higher EMIs for the borrowers, especially if your loan is linked to an external benchmark. If there is scope to increase the loan tenure… Continue Reading

How to Check if You Have a Fake Loan in Your Name?

Have you been reading reports about fake loans (loans taken using forged documents)? You may ask, how can this happen? An impostor uses your PAN in the application and gets a loan, the loan shows up against your name (and not the actual borrower). Again, such fraudulent intent should have been caught during KYC stage,… Continue Reading