7 Ways to Improve Your Credit Score

Your credit score plays an important role in getting your loan/credit card application approved. Not just that, your credit score has also started being a determinant in the interest rate you pay for the loan. Therefore, if you plan to apply for a loan in the near future or foresee the need for a loan in… Continue Reading

Monthly Reducing Balance vs Daily Reducing Balance

While browsing for various home loan products, you would have come across terms, Monthly Reducing Balance and Daily Reducing Balance. Home loan products from many banks including State Bank of India work on daily reducing balance method while the home loan products from some banks work on monthly reducing balance methods. What Is the Difference?… Continue Reading

Promise of Pre-EMI Payment by Builders

You have been planning to purchase a house. A completed property is quite expensive. For an under-construction property, you understand it will be difficult to manage both EMI and rent at the same time. You have heard about the concept of pre-EMI and full EMI, that are typically available for under-construction properties. You understand a Pre-EMI… Continue Reading

4 Factors to Consider While Upgrading Your Credit Card

You get a call from your bank. The executive tells you, “Since you are a privileged customer, we are offering you an upgrade on your existing credit card.” Such statements invariably massage your ego. Who does not want to be recognized as a privileged customer? In addition, you are getting better benefits and a higher… Continue Reading

Self-Financing vs. Education Loan

You are planning to go for higher education. You got the admit letter from your favorite college. Everything is going smoothly. There is just one dilemma, whether you should finance the education from own funds or take an education loan. In this post, let’s look at some of the aspects that can help you make… Continue Reading