CRED Mint: An Investor and a Borrower Perspective

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

How Can You Use an Overdraft Facility Smartly?

Not all credit is bad. In this post, I will show how an overdraft facility can be useful in certain cases. What Is an Overdraft Facility? An overdraft facility is a revolving credit facility just like a credit card. You pay interest only on the drawn (utilized) amount. You can draw from the facility up… Continue Reading

Are You Planning to Make a Tax-Saving Investment?

The tax-saving season is round the corner. Are you still running around to finalize tax-saving investments? Well, there are so many ways to save tax. There is PPF, EPF, NPS, ELSS, LIC policies, ULIPs, 5-year FDs, life and health insurance plans, pension plans and many more. In this post, I do not intend to discuss… Continue Reading

Instant Discount or No-Cost EMI: Which Is Better?

If you shop regularly from Flipkart or Amazon website/apps, you must already be aware of the instant discount and No-cost EMI offers. These e-tailers run such promotions regularly to attract buyers. In case of an instant discount, if you use a specific credit card or debit card for payment, you get an upfront discount. Suppose… Continue Reading

Budget 2020 Highlights

The Finance Minister, Nirmala Sitharaman, presented the Union Budget 2020 in the parliament yesterday. In this post, let’s look at the highlights of the Budget proposal. We will look at the proposals from personal taxation perspective only. #1 Restructuring of Income Tax Slabs, Lowering of Personal Tax Rates and a Choice There is a major… Continue Reading