You plan to take a personal loan. What is the flexibility you would want from your personal loan product? I will share a few thoughts on flexibility expected. Lower charges (beyond the loan interest rate). Processing fee etc. Zero or lower prepayment penalty. No prepayment penalty in a personal loan is asking for too much.… Continue Reading
When you sign up for a credit card, you sign up for all the benefits on that credit card. There is no option to customize the benefits based on your spending preferences. In fact, you tend to select cards based on your expenditure patterns. For instance, you apply for ICICI Amazon Pay credit card if… Continue Reading
Would you need a medical loan if you had a health insurance plan? If you think the answer is NO, think again. There are still two scenarios when you may need a medical loan. When your insurer (or the hospital) denies cashless treatment or rejects the claim outright OR When the hospital bill exceeds the… Continue Reading
I was trying to book a train ticket on the IRCTC website and found the ad for IRCTC HDFC Bank Credit card. In this post, let’s find out more about the card. Benefits, rewards, and caveats. In the past, I have written about IRCTC Bank of Baroda Rupay Credit card. Obviously, IRCTC is a monopoly… Continue Reading
Buying life insurance to cover your home loan is a good idea. For both borrowers and the banks. I recently came across a home loan product from Bank of Baroda, where the bank charges you a higher rate of interest if you don’t purchase a loan (credit) insurance product from the bank. This is a… Continue Reading
You are taking a home loan. You are worried, who will repay the loan if you were not around? The lenders (the banks and NBFCs) are bothered about this too. And this is a genuine problem for every stakeholder. You, your family, and the lender. How will the loan be repaid if the borrower passes… Continue Reading
Struggling with credit card debt? You make small payments on your credit card every month, but the debt just does not seem to go down. Why Does This Happen? Because credit cards are the most expensive debt in the formal finance sector. The interest rate ranges from 36% to 45% p.a. While you may be… Continue Reading
Why do you need a credit card number? I am NOT speaking about the credit card but about the credit card number printed on the card. The merchant clearly does not need it. All the information the merchant needs is encoded in the bar strip which is read by the swipe machine. Don’t need the… Continue Reading
Recently, I found out about SBI Cashback credit card and found its features and benefits quite simple. In this post, let us review the product features and how it fares against two popular cashback credit cards. Amazon Pay ICICI Credit Card and Flipkart Axis Bank Credit card. Major Benefits and Features of SBI Cashback Card… Continue Reading
Bajaj Housing Finance has extended the tenure of its home loan products for new borrowers up to a maximum of 40 years. We are not used to seeing home loans of 40-year tenure. Before this, the maximum I had heard was 30 years. So, that’s a sharp jump. I don’t want to go into specifics… Continue Reading