Credit Card vs Charge Card

Credit card have a closer cousin, Charge Cards. Charge cards are not very common. As I understand, only American Express offers charge cards in India. To add to the confusion, American Express offers credit cards too. With respect to the usage, there is little to differentiate between a credit card and a charge card. You… Continue Reading

Reducing the Impact of a Credit Card Fraud

Online frauds are on the rise. Almost on a weekly basis, I hear new ways of customers being duped of their hard-earned money. Of late, the UPI frauds have been on the rise, where the fraudsters call/text you on one pretext or the other. You eventually end up installing malicious software on your phone or… Continue Reading

Changes to PPF Loan Rules

In an earlier post, we had discussed a quick and cheap way to get a loan, Loan against your PPF account. Even though the loan window is open for only a short period and the loan amount is not likely to be very big, a PPF loan is an option if you are looking for… Continue Reading

Loan against Property: Term Loan or Overdraft?

 A Loan against Property can take two forms — A Term Loan or an Overdraft Facility. What Is the Difference? In a term loan, the entire amount will be disbursed upfront. You will pay EMIs on the loan for the duration of the loan. You will have to pay interest on the disbursed amount even… Continue Reading