All You Need to Know about Salary Loans

Salary loans, as the name suggests, must have something to do with your salary. In this post, when we talk about salary loans, we are essentially talking about loans to manage the mismatch between the timing of your expenses and your salary. By the way, there is no standardised nomenclature. For instance, ICICI Bank has… Continue Reading

All You Need to Know about DHFL New Home Loan

In this post, let’s look at New Home Loan product from DHFL (Dewan Housing Finance Limited). At the outset, I must concede that there is nothing special about this product. It is a plain vanilla home loan product. As simple as it gets. There is no fancy feature in this product that requires a deeper… Continue Reading

How Debit Card EMI Works?

Recently, I watched an ad from Flipkart about Debit Card EMI. This sounded a bit strange to me. Typically, you would associate EMI with a credit card or a loan. Getting a credit card is not always easy. Your credit card application can get rejected for various reasons. A bad credit score is a common… Continue Reading

What to Do If Interest Rates Continue to Rise?

SBI has increased its MCLR (Marginal Cost of Funds based lending rate) multiple times (1, 2, 3) in the recent months. MCLR is the benchmark for floating rate loans. Therefore, if you have borrowed from SBI, your loan interest rate would have already gone up in the recent months. Never a happy situation for the… Continue Reading

How Much Loan Can I Get?

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

What Is a Bridge Home Loan?

You are planning to move from your existing house to a bigger house. You plan to sell your existing house to fund the purchase. However, there is a minor problem. To purchase your new house, you need the sales proceeds of your existing house. Now, closing a deal (acceptable to you) may take some time. How do… Continue Reading