From tax-saving tips, ways to manage your loan to personal finance — this is the ultimate finance blog for all your queries.
Down payment—it is a term that appears a lot when you’re about to buy a big-ticket item. It comes into play when you plan to become a homeowner or car owner and sometimes even when you buy home electronics on EMI. Knowing the meaning of the down payment in-depth and how financial companies calculate it …
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There are many types of mortgage loans available in India, which include: As you can tell, property ownership documentation is central to the approval process of such loans. Even the loan’s terms and the amount depend on the value of the mortgaged property. However, one size doesn’t fit all, and the processes vary of different …
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Before you understand, know that creditors are key in any economy. Now, let’s define them and their way of working. They offer funds that you can use to: The role of a creditor is to offer credit, and the role of a debtor is to repay it on time. Who is a Creditor? This entity …
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Understanding key terms is crucial. These terms include default and delinquent. They are important in banking for all borrowers. This is because they help you understand what happens when you miss your EMI due date. Paying your dues on time is a part of your loan contract. Thus, delinquency can have many negative consequences that …
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Open-end credit offers you convenience and flexibility. Since it is a form of revolving credit, it helps you withdraw time and again. As long as you repay dues on time, you can access credit with ease. What’s more, you can reduce your borrowing cost by paying interest only on what you use. In some cases, …
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Understanding the difference between loans and bonds when in need of capital is crucial for any businessperson. While both of these options can secure funds to address planned or unforeseen financial needs, they have some major differences. Read on to learn about these financial instruments and how to choose the best option. An Overview of …
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Your Net Monthly Income or NMI, is an important factor to consider when you opt for a loan. It is an essential component for you and the lender, as it determines your repayment capacity and loan eligibility. So, it is imperative to understand how NMI works and how to calculate it to make an informed …
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An EMI payment is a simple and budget-friendly option to complete your loan repayment within the stipulated timeline. Most lenders offer numerous options, allowing you to manage the EMI amount and keep the borrowing cost within your budget. This way, you do not have to stress about making a lump sum payment. However, paying these …
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Economic growth and development are just a few outcomes of women being actively part of the formal workforce. While gender gaps in India’s labour market do exist, there has been a steady increase in women’s participation. The latest Female Labour Force Participation Rate (FLFPR) has witnessed an upward tick, with more than one-third of women …
Continue reading “Top 5 Upskilling Online Courses for Women”
Learning is an ongoing process and according to a report from McKinsey, employers value a wide range of skills. But amid the hustle of life, it can be easy to stagnate, especially if you don’t know your options. This is where courses for upskilling come into play. These are a great way to improve your …
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