How to Check if You Have a Fake Loan in Your Name?

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

What Are the Various Safety Features of Your Credit Card?

All of us are worried about any fraudulent activity on our credit cards. Obviously, nobody wants to pay for what they have not spent. While there is need to exercise caution, there is no need for paranoia about credit card transactions. The credit cards come with various security measures. Additionally, the Reserve Bank of India… Continue Reading

Your Mobile Wallet is Set to Get More Powerful

Your mobile wallet such as PayTM and MobiKwik is about to get more powerful. Over the past couple of months, RBI has brought some changes that will bring wallets much closer in functionality to a savings bank account. In this post, let’s look at the changes and how that increases the value the wallets offer.… Continue Reading

Why No-Cost EMI Can’t Be for Longer Tenure?

Loan interest rates have been going down over the past 18 months. It is also evident in the examples that we use for various illustrations in our posts. Earlier, we used 9-10% p.a. for long term loans. Now, we use 7-8% p.a. in the illustrations. If you use Amazon or Flipkart, you would have noticed… Continue Reading