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It does sound like a good idea. Are pre-approved car loans a good deal? Should you check your loan eligibility before visiting the car dealership?

The Muthoot Finance company assures its customers of utmost security and constant monitoring of all their facilities. Hence, customers can be reassured that their gold is in safe custody. 

Pre-approved loans are just marketing tactics used by banks and lenders to get your attention. These pre-approved offers are given based on the information they have in their database. Hence, it may not include the complete picture. 

Let us compare the features of business loans from IndusInd Bank and YES Bank so that you can decide which is the right choice for you

Canara Bank credit cardholders can withdraw cash from any ATM in times of emergency. Canara Bank charges a service fee of 3% of the withdrawal amount or Rs.30 per Rs.1000, whichever is higher. 

IndusInd Bank credit card cash advance charges are 2.5% of the advance amount subject to a minimum of Rs. 300. This amount is waived off for PIONEER Heritage, PIONEER Legacy and Legend Credit Card variants. 

In an emergency, the cardmember may withdraw cash from ATMs in India or abroad using IDFC Bank credit cards. A transaction fee of Rs. 250 will be charged and billed to the cardmember on the next statement, as specified in the Schedule of Charges.

Debit cards and credit cards are essentials these days. With digital transactions ruling the financial world, everybody is bound to own one of each. When it is given that you have to have a debit card, you can make a smart choice and go for ICICI Visa Platinum Debit Card. 

Contactless cards have gained popularity in recent times. Contactless cards allow you to make card transactions at PoS machines without having to enter the PIN number. However, the maximum transaction amount is capped at Rs.2000. This allows for faster payments at the counter. 

SBI Prime Credit Card is the ultimate rewards card. It gives some of the best benefits for any credit card in the current market. It is an international card accepted at over 24 million outlets across the world. If you want to take complete advantage of all its features

You can easily reach an 800 credit score by managing your credit prudently. You don’t need to be ultra-rich to reach this score. Here are some simple tips if you want to cross the 800-mark on your credit score: 

The credit score is a variable. From the time of your first credit, it slowly builds up based on your credit activity. It has been found that your credit score peaks when you are between the ages of 50 and 60. 

Borrowers with such credit history can go for secured loans or secured credit cards. This type of credit is offered against security that is deposited with the bank, like FDs or security bond

Credit scores range between 300 – 900. A score above 750 is considered healthy and can land you good loans with attractive terms. Any score above 750 is very good and a score of 869 is considered excellent

A ‘Hard Enquiry’ happens when you have applied for a credit card or loan in recent times and the lender accesses your credit report to check whether you qualify. 

You can get a car loan even though your credit score is lower than 650. It's not impossible, but it's a little disadvantageous for you. It's up to the bank's discretion to lend you the money. However, you might get unfavourable conditions with respect to the interest rates and other loan benefits in a car loan with such a low credit score.

If the account is a credit card and you are using it judiciously, you may lose your opportunity to build your credit score. Also, if an account drops off from your credit report, it may lead to a fall in your credit score.

Owing to the importance that credit reports play in getting credit, you should dispute any information you believe is incorrect or inaccurate. You can get these errors corrected or removed from your credit report.

Insurance premiums are paid as per the terms of the policy agreement between a company and the insurer. Normally, companies pay insurance premiums in advance as the one-year insurance tenure rarely matching with the company’s financial year. As such, there are instances of insurance premium getting paid after the end of the financial year for a company, involving more than one financial year and getting recorded in both financial years under different account headings. 

An insurance premium refers to the amount paid by the insured when purchasing an insurance plan. An insurance plan is a valid contract between the insurer and the policyholder which entails a consideration to be paid. The consideration component in an insurance plan is also called insurance premium which could be paid monthly, quarterly, half-yearly, or yearly, or even lump-sum payment depending on the specific policy terms.

Insurance is undertaken to tide over uncertainties in life or business activities. Life insurance plans which have a cash value component are considered an asset. Insurance is an expense to a business and is carried as prepaid expense (paid in advance) under the head of current assets in the balance sheet of a company till it is paid.