Debt is bad. Loans are bad. That’s what we are fed religiously on various social media channels as well. That’s correct to an extent too, especially for personal balance sheets. If debt is not managed well, it will lead to big problems. However, things are not always black and white. Debt, if taken within limits… Continue Reading
Co-branded cards have been the flavour of the season. Many brands have tied up with banks to launch co-branded credit cards and we have covered many such cards in our posts. Every few weeks, I come across a new one. Recently, I came across Titan SBI Credit Card which offers accelerated benefits for purchases across… Continue Reading
Has your credit card application been rejected? If yes, do you know the reason? The banks usually do not tell and just reject the application. If you have recently started working and had applied for your first credit card, a reason for rejection could be the lack of credit history. Also known as ‘No Credit… Continue Reading
Co-branded credit cards are quite common. I recently came across one by ICICI Bank and MakeMyTrip — MakeMyTrip ICICI Bank Credit card. In this post, let’s find out more about this card and whether it makes sense for you to apply for this credit card. MakeMyTrip ICICI Bank Credit Card: CashBack Benefits and Limitations 6%… Continue Reading
Almost everyone wants to close their home loan soon. A home loan is a big liability and getting this burden off the head is important for most households. Of course, there is only one way to close the home loan soon: Pay more than the EMI. There is no other way. Yes, a reduction in… Continue Reading
Recently, I misplaced my wallet. I used the word “misplaced” because I was not sure if I had lost it or had simply kept it somewhere and forgot. I noticed my wallet was missing in the morning, and I had last seen my wallet the previous evening. While I found the wallet in the house… Continue Reading
I tried to recharge my FastTag account recently through Paytm app. Decided to make payment through a credit card. My credit card was already saved/tokenized on the app and hence did not have to enter the credit card details. That’s expected and quite convenient too. However, I was not asked to enter CVV either. The… Continue Reading
Recently, I came across a viral content on social media where the author referred to home loans as a scam. Why? The author took a loan of Rs 48 lacs. EMI of Rs 42K. After paying 15 EMIs, the author had repaid only Rs 75,000 in principal and Rs 4.8 lacs in interest. And it… Continue Reading
The Government of India took away indexation from real estate investments through a proposal in the Budget 2024. After collecting feedback, the Government retracted and allowed indexation benefit to properties bought before July 2024. How Will the Capital Gains from Real Estate Be Taxed? For properties sold before July 23, 2023 Short Term capital gains… Continue Reading
The Reserve Bank has recently made life difficult for the Peer-to-Peer lending ecosystem. In a recent update to P2P lending platform directions on August 16, 2024, the Reserve Bank clarified and expanded upon its previous directions. Before we discuss the tightening by the RBI, let’s take a step back and see how this space has… Continue Reading