We get several queries from readers about if they can get a loan or how much loan will they get. Some queries have details about the income or security too. It is not easy to answer such queries. The banks look at many more things before they sign off your loan application. By the way,… Continue Reading
Recently, I got a promotional email from a bank to convert credit card outstanding to EMIs. The EMI amount will be added to the credit card statement every month. I have discussed such deal structures in much greater detail in an earlier post. However, there have been a few interesting developments in the payments space that such… Continue Reading
A common grouse among many loan borrowers is that banks are very keen to hike the interest rates when the rates are moving up in the economy. However, banks are not very prompt to pass on the benefit when the rates are going down. Do you fall in the same category of borrowers? If you do not… Continue Reading
If you fancy making asset purchases on credit, you would want to be aware how much loan amount you can get. I am not talking about minor purchases where you can simply swipe your credit card. Once the credit card is approved, you can use your card, subject to credit limit, wherever you want. The bank… Continue Reading
Festive season is round the corner. Frankly, the diversity in India ensures that the festive season never ends. There is always one festival or the other going on all the time. This is one reason festive season deals almost never end on popular retailer websites. However, during the later part of the year, starting August, festivities actually… Continue Reading
There are typically three types of benefits that you get when you transact using a credit card. Upfront discount Cashbacks Reward points & miscellaneous benefits (fuel surcharge waiver, airline miles etc.) The benefits for spending on a credit card might take on many other forms too. However, I believe it will fall into one of… Continue Reading
When we talk about borrowing money, the first name that clicks as a lender is a bank or a NBFC. There can be multiple types of loans. You can go for a home loan, personal loan, gold loan, loan against property etc. However, in all these cases, the lender is a bank or a financial institution. If… Continue Reading
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
Many times, we focus on things to do to improve our long term financial health. In this post, let’s discuss some of the financial habits that are likely to affect your long term financial health adversely. These habits can affect you in many ways. You may not be able to invest enough. You may not… Continue Reading