Loan Moratorium out, Loan Resolution In

The Loan Moratorium ended on August 31, 2020. While I have written about various measures to manage cashflow stress beyond August 31, let’s explore the relief that RBI has afforded to individual borrowers in a circular issued in August 2020. On August 6, 2020, the RBI provided a framework for Resolution of COVID 19-related stress.… 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

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

How to Pay House Rent Using a Credit Card?

House rent is one of the biggest non-discretionary expense in the monthly budget. How do you pay house rent? NEFT/IMPS transfer? Cheque? Cash? I believe, if you are reading this article, you are likely transferring rent directly to the owner’s bank account. Or you already own a house and there is no need to pay rent.… Continue Reading