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Are you applying for a credit card for the first time?Or applying for an additional card?Or applying with a poor credit score?The choice of cards and offers from various banks and credit card companies can seem very confusing. You are faced with a bewildering range of types of cards (fuel cards, airline cards, lifestyle cards etc.), various annual fees and processing fees, varying interest rates, varying credit limi

A credit card is one of the most convenient ways to pay for your purchases. You do not have to carry around large and heavy amounts of cash or your cheque book - which is both inconvenient and unsafe.  Credit cards also have security features to protect you against theft or fraud. Above all, credit cards allow you use your bank’s money to make your purchases until you pay your bill at the end of a monthly billing cycle. You are using someone else’s money for free for a month

A fixed deposit or term deposit is one of the safest and most popular forms of investment in India. It has been traditionally seen as a safe and reliable way of investing money, with none of the volatility and risks associated with other investments like the stock market. It is simple to open a fixed deposit and requires minimal documentation.A fixed deposit (FD) is a financial instrument that offers a higher rate of interest when compared to interest earned in a regular savings acco

A car loan is often the first substantial loan that individuals borrow from a bank or other financial institution. As the name suggests, a car loan is sanctioned for the purpose of buying a car – either new or used. The loan period is for a relatively shorter duration than a home loan, and naturally, the loan amount also tends to be smaller. If you are planning to apply for a car loan and want to check if it fits into yo

A loan you take from a bank for the specific purpose of buying a car is a car loan. The loan could be used to buy a brand new car or a used car. A car loan is a secured loan in that the lender holds the car as security until the loan is fully repaid. This is known as hypothecation to the bank or finance company. Once you pay off the full loan amount, including interest, the complete ownership of the car will be legally transferred to you.  However, in case of default on the loan, the car

Often, one of the first loans that people take is an auto or car loan. There are a variety of auto loans on offer on the market today that suit all needs and levels of affordability. Car loans can be taken to purchase both new and used cars. The interest rate on loans for new cars is lower than the interest rate charged for buying a used car. The general range for interest rates on car loans is between 12-15% though this might be h

Credit cards make our lives so much easier. Whether you’re shopping online or at retail outlets, you can swipe your card to pay for your purchases. Today, banks offer an array of credit cards to suit the needs of different customers

A debit card allows you to enjoy many of the advantage of a credit card, without the fear of falling into debt due to excessive spending.

Gold loans are some of the quickest loans to be sanctioned as the banks have your gold as security in case of default, removing the need for checks on credit scores or reports. The loan can be approved, over the counter, in a matter of minutes or just a few hours. Many lenders can have your gold valued quickly and sanction the loan immediately, after verification of the purity and value of the gold

Credit card allows you to borrow money on a monthly basis to make purchases. When you buy something using your credit card, you are using your credit card issuer’s money until you pay off the amount when you get your credit card bill at the end of a month

Understanding how to calculate interest on loans will help you identify the most suitable loan for you. It will let you learn how much your loan will actually cost you so that you can make an informed decision among all the offers available.

In simple terms, an EMI is how much you need to pay to your lender every month in order to fully pay off your loan. It is a fixed amount which has to be paid by the borrower to a lender at a specific date every month towards paying off the loan in full.

The first thing to do is to research all the credit cards offered by the various banks. Decide which one suits your needs the best.

Here are some tips to help you maximise your chances of being approved for a home mortgage/ loan of your choice. Lenders look at several factors when determining whether to approve of your housing loan application.

The first thing you should if you are planning to apply for a loan is to obtain your credit report so you do not get a nasty surprise when you apply for the loan.Obtain a copy of your credit report so that you are up to date on your credit situation, and rectify any errors to avoid the possibility of being rejected.

A credit score is an indicator of your creditworthiness. It is issued in a range of 300-900 with a higher number indicating a higher grade of creditworthiness.

Lenders will see your low score as a reflection of faulty credit behaviour and might be unwilling to offer you a high credit limit.

Every lender first considers your credit score and history before granting a loan. This is why a low credit score may not secure you a loan easily.

Loans have become an inevitable part of our lives. Be it for personal purposes like education, medical, marriage etc or carrying out business operations, people find themselves in need of urgent cash at various points in time.

When you have a high score of 750 or above, banks are reassured that you have a good repayment history and are a low-risk customer.

A credit score is a three-digit numerical expression that ranges between 300 to 900 which is the representation of your creditworthiness. The lenders refer to your credit score before approving your credit application.