While trying to figure out a good home loan product for a client, I stumbled upon these revised interest rates on SBI home loan website. You can read the SBI campaign offer document here. There are a few points that stand out in this interest rate chart. #1 SBI Has Reduced Home Loan Interest Rate… Continue Reading
You spend a big amount on your credit card. You do not have the money to settle the bill in full by the due date. You decide to pay off the debt over the next few months. That means you won’t pay the bill in full right away. You will keep paying whatever you can… Continue Reading
Swiping a credit card is easy. Repaying credit card debt is not. There will be situations where your cashflows will be stretched and you won’t be able to pay your credit card bill in full. What do you do then? Will that affect your credit score? Well, if you read a card statement carefully, you… Continue Reading
You have heard of gold loans. You reach out to a bank or NBFC, pledge your gold/gold jewellery, and the bank sanctions you a loan. However, have you heard of a gold-backed credit card? I had not until I read about a gold backed credit card from Rupeek. How does it work? Simple. You pledge… Continue Reading
Have you been reading reports about fake loans (loans taken using forged documents)? You may ask, how can this happen? An impostor uses your PAN in the application and gets a loan, the loan shows up against your name (and not the actual borrower). Again, such fraudulent intent should have been caught during KYC stage,… Continue Reading
You own a credit card and use the card judiciously. You are aware of the benefits and flexibility that a credit card offers. You want that your home-maker spouse and your college going kids should also enjoy such flexibility. However, it is not easy to get a credit card unless you are earning. How do… Continue Reading
That’s a question many of us grapple with. Do we own too many credit cards? Should we cancel some of the cards? If yes, which cards to cancel? What about the discounts or cashbacks you might miss out on? Or should we just keep the cards even if we don’t use them? What are potential… Continue Reading
Use a credit card to help you with your budgeting. Well, this does not look like the best idea in the world and for a reason. We usually associate credit card with extravagance and splurging. How can such a product be part of the budgeting solution? It can be, if used the right way. Why?… Continue Reading
CRED, a fintech player that simplifies credit card bill payments, has launched a product CRED Mint, where CRED members can earn up to 9% per annum. This is how it works. You invest your money in Cred Mint. The product is powered by LiquiLoans, a P2P-NBFC player regulated by the Reserve bank of India. Your… Continue Reading
It is not easy to get a home loan after you have retired. The obvious reason is uncertainty about borrower income. However, there are many retirees who get regular pension. There is no income uncertainty about their income. Is there a home loan product targeted at such investors? Yes, LIC Housing Finance has Griha Varishtha Home… Continue Reading