Article

Building good credit score cannot happen at the flick of the time. Establishing a pattern of responsible borrowing habits takes time and a lot of patience. All that patience can pay off though, because the age of your credit history, or how long you’ve been using credit, generally accounts for approximately 15 percent of your credit score.

There are many aspects on which your ability to get loan is affected. The main aspect is your credit score, along with the information on your credit report which will determine whether you’ll be able to get a loan or not and also the rate you will pay.

Overusing your credit card may bring you debt burden more than you can handle. Repayment can become a problem when your salary is not sufficient to meet the monthly expenses. In such instances, transferring your outstanding credit card amount to another bank’s credit card and pay back in monthly instalment at low interest or no interest rate can significantly reduce your debt burden.

Loans or any kind of credit makes owning various assets easier. In addition, it can also help tide over periods of emergency or also aid during times of shortfall of cash. At present, there are loans that cater to various needs right from buying a home, a four-wheeler or a two-wheeler to funding your business or education.

The earlier generations in our country had shunned loans and credit products. However, with changing times and better income, the perception towards loans have changed. Today, individuals are no more averse towards obtaining loans or credit cards. In fact, it is viewed as a measure that help in achieving many things in life.

An insurance plan can help safeguard your savings in times of any unfortunate incidents such as critical illness, accidents or any other disasters. You do not have to shell out a huge amount of money from your hard-earned savings.

India is one of the largest producers of several crops and agricultural products in the world. The abundant produce requires high quality storage solutions until they reach the end consumer

A sudden financial crisis is unavoidable for anyone. Gathering funds to manage such circumstances could have been a challenge when there was no digital lending system. Today, the scenario is completely different. Technology has taken our lives to a whole new level. Getting a loan is possible within a few minutes from the moment you apply for it. Quick loan is a new phenomenon in the financial realm that has become very useful for multitudes to meet all sorts of monetary needs.

When you move into a new house along with your family members, you may need to purchase appliances, electronics and other consumer durables.  When ready cash is insufficient to meet such purchases, a loan is ultimately the best solution. Targeting such customers, public and private lenders have come up with consumer durable loan that lets you buy the desired products and repay the amount in easy monthly instalments at a stipulated tenure that is convenient for you.When you move into a new house along with your family members, you may need to purchase appliances, electronics and other consumer durables.  When ready cash is insufficient to meet such purchases, a loan is ultimately the best solution. Targeting such customers, public and private lenders have come up with consumer durable loan that lets you buy the desired products and repay the amount in easy monthly instalments at a stipulated tenure that is convenient for you.

A car is not only a matter of convenience in our jam-packed towns or cities, it is quite often considered a status symbol too. Also given the state of public transport especially the last mile connectivity issues, owning a car seems much like a necessity even though you may detest using it every day for your commute.

We agree that the need for credit can arise any time. It could be for reasons such as layoffs from employment, medical emergencies, need to travel or to buy expensive gadgets such as Televisions, Mobiles, etc. The reasons can be endless. Similarly, the duration for which the loan is required can also be varied.

No matter how successful an idea is, a business needs finances to grow, expand and make the venture profitable. Businesses can be of two types: one that produces goods for sale and the other that offers services to its customers.  A good example for the production-based business could be companies producing anything from airplane to a pin, while service business could be anything like a courier or a food delivery service.

Credit Cards are very useful and convenient, be it for shopping online or offline, for paying bills, insurance or for the reward points and partnership deals that come along. It also acts a temporary means of sailing through shorter periods of credit crunch too.

Credit is essential to aid many activities in life, as savings might not be enough to meet each and every need. Through credit, you can not only buy bigger assets like a home or vehicle but easily pay in installments without hurting your day to day finances.

Everyone goes through tough situations at some point in life. Having a bad credit score is one such situation that might make it difficult for you to get a credit through formal lending institutions. The lenders take a deep look at your credit history and take a decision whether to lend to you or not. Considering the risk involved in lending, your credit profile may not qualify for an unsecured loan. However, the chances are not completely ruled out.

India is world’s second biggest gold consumer, and Indians’ love to gather more gold has never diminished over the years. It’s been estimated by the World Gold Council that about 22,000 tonnes of gold remains idle with the Indian citizens. This has spurred the Government, banks and NBFCs to promote gold loans aggressively in India to bring them out and convert into a financial asset.

Credit Score has become a part and parcel of the credit life of any individual. And by credit score, we mean a good credit score that portrays that you are a creditworthy borrower to a lender. However, it is possible that we all commit mistakes while handling credit and as a result, might have ended with a bad credit score.

These offers seem enticing and many individuals just apply for the credit product without giving a second thought, not bothering to read the terms and conditions of the said offer. We bring to you an example of a person who applied for a card after seeing an email, but ended up being disappointed.

While buying a home, many people need some extra help, as not everyone has the financial wherewithal to buy a home. That’s where a home loan can help you. The fierce competition amongst lenders has led the market getting flooded with a multitude of home loan offers. It could be very easy to get confused.

The start-up scene in the Indian Economy has seen a lot of activity over the past few years. It is estimated that India is home to about 39000 start-ups and the number is definitely growing by the day. The government has taken cognizance of the fact and has come up with various programs and loans to encourage entrepreneurship. As the start-ups are spread over a number of areas and sectors, the government has also come with many sector-specific and generalized loans.

The interest rate on a home loan is a major determinant in choosing the best home loan. As the maximum repayment period on a home loan is 30 years, the outgo on the interest amount alone could be double the principal amount, and it can be a huge burden to the borrower.