ICICI Bank PayLater Account: Combine UPI and Credit

UPI transactions have boomed over the last couple of years and are giving serious competition to credit/debit cards and net banking in online transactions. The only problem is that you cannot make UPI payments on credit. i.e., the money gets debited from your savings bank account. You must have the money in our bank account… Continue Reading

Merchant EMI vs. Credit Card EMI

You plan to buy an expensive phone from Flipkart or Amazon. You do not have the free cash to buy the phone outright or settle the credit card dues in a month’s time.  What can you do? You can buy the phone on EMIs. You have two options. You take the EMI offer available on… Continue Reading

ICICI Bank Insta Loan Against MF Facility

ICICI Bank has launched an instant loan against mutual funds facility. So, if you are an existing ICICI Bank customer and have made mutual fund investments, you can apply for an instant loan against your MF investments. The loan is available in the form of an Overdraft facility (and not a term loan). You pay… Continue Reading

ICICI Bank Insta Flexicash Facility

Old wine in a new bottle. That’s what I would call the new overdraft (OD) facility from ICICI Bank — ICICI Bank Insta FlexiCash facility. In this post, let’s find out about ICICI Insta FlexiCash facility in detail. Additionally, let’s see if there is merit in owning an OD facility. ICICI Bank Insta FlexiCash Overdraft… Continue Reading

Leasing a Bike vs Taking a Loan to Buy a Bike

Covid-19 has put brakes on ambitions of car-sharing (Ola, Uber) and bike-sharing apps (Bounce). With the need for social distancing, the prospects of these companies remain circumspect even after the lockdown is lifted. The businesses must quickly figure out alternative revenue streams. And some of these companies already are. Bounce (Bike-sharing app) has launched lease… Continue Reading

COVID-19 Crisis: The Loan Hierarchy

The nationwide lockdown to prevent the spread of Covid-19 has affected the cashflows or income potential of many citizens. While it is painful to imagine the plight of daily wage earners, many in the organized sector have also struggled. Every day you can hear about the salary cuts or employee layoffs. And this is coming… Continue Reading

COVID-19 Personal Loan from Public Sector Banks

 While the economy reels under the lockdown to prevent the spread of the novel coronavirus, many public sector banks have come out with Covid-19 personal loan schemes. Yes, Covid-19 is part of the nomenclature for these loan products. These loans can provide much needed cashflow relief to its existing customers. Most banks are offering these… Continue Reading

Amazon Pay Later: How It Works?

Amazon has launched Amazon Pay Later facility. As the name suggests, you can use the facility to buy now and pay later on Amazon. In this post, let’s find out how this facility works and how you can register for the facility. How Does Amazon Pay Later Work? Amazon is an e-commerce company and cannot… Continue Reading