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Establishing and running a business require continuous inflow of cash, both for long-term and short-term use. There are different avenues of financing available for a business owner depending upon their need; be it the duration of financing required, interest rate charged, the ease of obtaining the finance, etc.  

Credit score has taken an important place in the financial world off late. To be able to avail any kind of credit, a good credit score above 750 is essential. The requirement for credit could arise at any moment and a low credit score might have grave consequences of a loan rejection.  

If you notice, you would not like to lend money or any of your personal belongings to a complete stranger as you have no guarantee over if your money or belongings will be returned or taken care of in the right manner.  

Credit Cards bring in a great amount of convenience and ease in making payments, and when used carefully, they can act as a resource to help manage certain periods of cash crunch as well. Credit cards cater to various needs of the individuals, like a card specially catered for online shopping or lifestyle credit cards that reward you for spending in that particular category, etc.  

Pradhan Mantri Jan Dhan Yojana is a scheme that was launched by the Government of India to ensure the financial inclusion of all the Indian citizens who do not have a bank account in India. It was a nationwide scheme that was launched in August 2014. This particular scheme aims to provide access to financial services such as banking, saving accounts, deposits, credit, insurance and pensions in an accessible manner to all Indian citizens.

Personal loans are one of the easier forms of loans that can be availed without much documentation and within a shorter processing time. Moreover, personal loans are not bound by a particular purpose like other secured loans. Any other loan like a home loan or a vehicle loan can only be availed for that particular purpose and in addition, the asset purchased out of the loan needs to be hypothecated or pledged with the lender till the loan is cleared off.  

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was formerly known as the National Rural Employment Guarantee Act. This Act was notified on the 7th of September, 2005.  

A credit report is an important part of any individual's financial journey. It is important because we all come across the need for credit one or the other time in life. It may be for a purchase of an asset like a home or a vehicle, to fund education, meet emergency situations like medical emergencies, funding a wedding, a holiday, or to ease the crunch at the end of the month.

There have been several schemes launched in our country to empower women to become self-reliant and independent. You may have noticed that there are special conveniences offered to women such as separate seating arrangements in public transport, special coaches in trains, reservation in jobs, exclusive scholarships, interest rate concession in education loan schemes and special insurance schemes, etc.

Rajesh is a software professional based out of Hyderabad. He had just started working and had moved to Hyderabad from his town. On his outings to the malls, there were always people asking him to apply for a loan or credit card. Without giving much thought, he applied to all that was offered to him. He even applied for loans offered over the phone or email. 

Just after you finish your studies, you enter a job and start you career. Your responsibilities increase, you start to pay your bills and take care of all your expenses. On certain instances, you may have to approach a bank for a loan to manage an immediate financial obligation. Now is the time for you to become familiar with the term ‘Credit Score’.

A business is established on the premises of the owner seeing value in his/ her idea and expecting growth of the same. To ensure growth of the business, there is need for funds, which could come either from the owner’s pocket or from an external agency.

A credit card comes in handy when you need immediate cash for an emergency. Getting a credit card becomes easier when you have a good income, good credit score or work for a reputed employer. Every bank provides different credit cards for a wide range of customers based on their eligibility criteria. When you are unable to get a credit card due to a poor credit score or low income, a secured credit card can be the best option to go for as you can easily become eligible for approval.  

Credit cards are incredibly convenient in more than one way. But, at the same time, a credit card debt is one of the most expensive debts to have.  You would also have to think about joining fee, annual charges and minimum spend conditions that may come along with your card.

Personal Loans have become quite popular in the recent times due to the ease of their availability. In addition, they do not even call for the need of collateral, thereby making them borrowers’ first choice when in need of immediate credit. The documentation required with personal loan is also minimal that entails the basic personal and income proof documents with photographs. 

Credit is extremely important for achieving many of your goals and sail through the phases of emergencies that can be caused due to a number of reasons. To attain the right credit at the right time, having a good credit score is imperative. Credit Score is all about your behavior with credit. 

The knowledge of credit score is quite common nowadays. There is a lot of awareness and interest among the individuals to know and build their credit scores. Everyone looks to have the perfect credit score that can make credit easily available as and when required.  Having easy access to credit can help you own assets like house, vehicles, fund your entrepreneurial ambitions or sail through periods of emergency.

Students are part of a dynamic community of millennials. They are not only involved into studies; we can see many of them founding start-ups, volunteering at NGOs, interning and partaking in thousand different activities. Moreover, students often have to stay away from homes for education.  

Entrepreneurism is certainly on the rise in our country at the moment. Various government incentives and the conducive start-up environment is only making it easier.   It is not only men, but women are also joining the start-up and small business bandwagon. To help them through this initiative, various schemes are announced by the Government, banking and other financial institutions. 

It is simple to understand that your might not application get approved every time you apply for credit. Though rejection feels bad, you must go deeper and find out the cause of rejection so that you do not commit the same mistake again.  

Lending is a risky business, especially when there is no means of knowing if the borrower is worthy of the credit they are applying for. In the absence of information that helped the banks / financial institutions make informed decisions, Non-Performing Assets (Defaulted Loans) were common. So, to avoid this, each bank was coming up with their own ways of making the credit decision using scoring models for their own customers.