Effective Strategies for Accurately Estimating Your Personal Loan Payments Thinking about taking out a personal loan? Whether you need funds for a major purchase, an unexpected expense, or splurge on a gadget, a personal loan can be a good option. However, before you borrow, it’s essential to understand your monthly payments and how they fit […]

What Will Happen If A Personal Loan EMI Bounces? Life gets busy and an EMI payment might slip through. A missed EMI payment can lead to extra charges, but you can still fix it. To stay on top of it, you need to be aware of penalty charges, credit score impact, repayment options and avoid […]

Mutual Fund Fees, Charges and Expenses in India When investing in mutual funds, it’s natural to focus on returns. But have you considered the fees and charges that come with them? These costs may seem small but can significantly impact your overall returns in the long term. Some charges have a bigger impact than others, […]

Loan vs. Overdraft: A Comprehensive Comparative Guide Loan vs. Overdraft, which one should you choose? Loans and overdrafts are two common options for borrowing but they work differently. A loan gives you a fixed amount with structured repayments, while an overdraft lets you borrow flexibly when needed. Understanding the features of each will help you […]

Issuer Identification Number (IIN) – Meaning & How it Works Have you ever wondered how payment systems instantly recognize your bank when you swipe, tap, or enter your card details? That is all because of the Issuer Identification Number (IIN). The IIN is the first 6 digits of your card number that becomes the unique […]

Penal Interest: Meaning, Definition & How It Is Calculated Before taking a loan, it is crucial to have a solid repayment strategy in place. Borrowing money comes with the responsibility of making timely payments, and missing a due date can lead to penal interest. What is penal interest? It is an extra charge on top […]

Credit Derivatives – Meaning, Types, and How It Works Credit derivatives are financial instruments that allow the investor to mitigate credit risk. They enable the transfer of credit risk from one party to another, without owning any underlying asset. The creditor can transfer the risk of the debtor to another third party. For instance, Bank […]

30 Best Places to Visit in India in February 2025 February is one of the best months to explore India. The pleasant weather, vibrant festivals, and fewer crowds at many destinations make it a traveller’s delight! Whether you’re looking for snowy adventures, beach vibes, or cultural festivals, India has something for everyone. We have curated […]

7 Times You Shouldn’t Use a Personal Loan to Solve Money Issues We understand that money struggles can be stressful, and personal loans seem like a lifeline. But misusing them can lead to unnecessary debt, higher costs, and financial strain. Before taking out a personal loan, it’s important to understand when it might do more […]

Understanding Overleveraged: Risks & Financial Consequences Taking on debt can be a smart way to reach your personal or business goals, but too much of it can create serious problems. This is known as being overleveraged. Whether you’re having trouble keeping up with loan payments or finding it harder to save for the future, the […]

What Is NEC in a Loan Process? Meaning and Importance When you’re applying for a loan, especially a home loan or a loan secured against property, there is an important document you often hear about – the Non-Encumbrance Certificate (NEC). But what exactly does it mean, and why is it so important in the loan […]

Paying Off Credit Card Debt With a Personal Loan: Pros & Cons Credit card debt can feel overwhelming, especially when high interest rates make it harder to pay off. One smart option that might help ease the burden is opting for a personal loan but is it the right solution for you? While a personal […]