Article

When you are employed in an organisation - be it any - the employer would fix your salary after a discussion and your acknowledgment. You may have noticed that a small part of your salary is deducted each month. Have you ever wondered where that money goes mysteriously? This money is contributed toward Employee Provident Fund (EPF) which is maintained by the Employees’ Provident Fund Organisation (EPFO). If you have worked for so long, you must be curious as to how to check your EPF balance that may have accumulated until now.

A business loan is one of the biggest financial commitments you will have in your life, which means you should be prepared to bargain for the best offer. In India, there are many banks that offer term loans, small business loans and many of them are negotiable. Therefore, you will have to negotiate for the best during the loan process.

Having a strong business concept and the passion to drive this business plan into reality sets the foundation to run a successful business. Another factor that is as important to run a business is money. With many lending institutions offering a lot of credit options, it is not difficult to get a business loan. But the difficulty to get any loan approved by the lender is when you have a bad credit score.

Start-ups and entrepreneurship are buzzwords in current times. It may be a hobby or passion that takes the form of a business, or it may be the need to solve a customer pain point; there can be many ways of starting off. Initially, every venture starts off small. It's only with a lot of perseverance and hard work that a business scales heights.

Credit Cards and their benefits are very well known. Due to the ease of its utilization, sometimes overspending on credit card is easy. And when you receive your credit card outstanding statement at the end of the month, it may seem difficult to pay up the entire amount that is shown as outstanding

The importance of credit in our lives cannot be over-emphasized.  Do you dream about possessing the latest SUV in the market, a degree from the best university or a home conveniently located near your work and with all amenities that would make your life easier? Do you realize that it is very difficult to purchase any expensive asset as mentioned above without the help of a loan?

It is a well-understood fact that credit has assumed an important place in our life.  Credit helps us own assets that are difficult to own just out of savings. In addition, it also aids us to tide over emergency situations.  Loans and Credit Cards are two important types of credit available in the credit market (for individuals).

Credit score is no longer that unknown number which individuals are not aware about. These scores have gained a lot of popularity in the recent past, with more and more number of financial literate checking their credit score. However, we might have many more who are yet to realize the importance or know what the credit score stands for.

Being in debt is common and there is no shame attached to it. Anyone can go into debt at some point in life, including the rich. Not all debts are bad; some debts can be taken for your investments such as a home or plot, and some can be unavoidable such as medical emergency or mandatory financial obligations. Whatever they may be, it requires a meticulous financial strategy to pay them off without any hassle.

The need for some extra funds can come up any time.  Even though an individual has done enough of planning to cater to most difficult situations in life, there can still be some emergencies that crop up all of a sudden. This can happen with the young and old alike. While the young have their salaries or incomes to support them for credit, what about the elderly and retired?

Credit is a wonderful mechanism that can allow you to do and possess assets much beyond your normal means. Understanding the evolving needs of the customers, banks and financial institutions have come up with various modifications to the way the credit is packaged and made it more amenable to the customer.

As humans, we have various needs and wants. Availability of credit is a great bonus that helps you in achieving those needs or wants much beyond what your income or savings can support. Moreover, comparable to varied needs is the availability of various types of credit, each one tailored to cater to a purpose.

A home is one of the costliest assets that an individual owns during his/ her lifetime. Given the rate at which real estate prices have increased in the recent past, it is no more possible for commoners to purchase a home out of their own funds. Hence the need for a home loan.

Our lives are full of ups and downs, professionally and personally. There might be certain circumstances that may leave you without an income. It could be any of the situations like a closure or pause in operations of the company (like the recent case of Jet Airways), a prolonged medical condition, time between job transitions or some domestic problems which require you to avail a long absence of leave with pay.

A credit score has no longer remained a number which is important only from the perspective of lenders. As quick access to credit assumes more and more significance, everyone seems to be concerned about maintaining a good credit score and being creditworthy at all times.

The general employment scenario has changed in the modern times. During the decades of 70-80s, more and more individuals preferred being employed either with the government or the public sector companies. With the globalization of the Indian economy in the 1990s, employment with the private sector like software and other service industries such as the BPOs and KPOs gained popularity.

Travel has become a part and parcel of our modern day lives. Individuals prefer to explore more and more places for pleasure. On the business front, though technological improvements like video conferencing and remote working are in place, travel still forms a part of an executive's routine.

Both Fixed Deposit (FD) and Recurring Deposit (RD) are safe investment avenues which are ideal for individuals who look for risk-free returns. Though all the banks offer the same rate of interest on both the investment schemes, many people find themselves in a confused state to make the best choice between the two.

The Employees’ Provident Fund (EPF) is a savings scheme introduced under the Employees’ Provident Fund and Miscellaneous Act, 1952. It is administered and managed by the Central Board of Trustees that consists of representatives from three parties, namely, the government, the employers and the employees.  The Employees’ Provident Fund Organization (EPFO) assists this board in its activities. EPFO works under the direct jurisdiction of the government and is managed through the Ministry of Labour and Employment.

Good credit can make many of your life's financial situations easier and pocket-friendly. For example, with good credit, you can get approved for a mortgage or auto loan, and possibly qualify for the best available interest rates and terms. A good credit score can also affect how much you pay for insurance, and whether a utility company asks for little or no deposit before starting a service for you.

A Personal loan is a flexible option to fulfil your personal needs when you are in a financial crunch. They should be borrowed for emergency fund requirements. Lenders are coming up with a variety of workable options within personal loans to make them easily accessible for the customers. You can apply for a personal loan either online or in person. But the key point is: how smartly and carefully you choose to approach a lender for a personal loan.