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An asset refers to money invested in funds for the purpose of earning returns on such investment.  Assets could be tangible assets like home, valuables or intangible assets like savings, retirement plans which give value over time.

MSME or, Micro Small and Medium Scale Enterprises is the backbone of the Indian economy. They form a major part of the industrial sector in the country offering employment to more than 12 crore individuals across the nation. 

The Government of India has a number of financial schemes to help startups in India. As part of the ‘Make In India’ initiative, startups are provided with other non-financial aids like training programs, handholding programs and other support schemes. 

Lenders offering business loans and startup loans do check your credit score during the application process. Having a bad credit score can play out adversely for your loan application. So you should take some time to improve your credit before applying for loans. But in the case of startups, where you have very less credit history and need funds immediately, waiting for your credit score to improve is not feasible. 

Return of premium (ROP) refers to an life insurance policy wherein premium paid for coverage is returned if the policy holder survives the tenure of the policy or includes a share of the premiums paid to the beneficiaries on death of the policy holder. 

An insurance policy is integral to ensuring financial security for individuals and their family members from uncertain life events. There are various insurance jargons like sum assured, maturity amount which need to be understood by the policy holder while taking out an insurance plan. 

Life insurance forms an important aspect which should be considered by one and all. Two very basic life insurance plans available are - term life insurance and permanent life insurance plan. Term insurance refers to an insurance which is for a specific time period while a permanent life insurance plan covers your entire life period. 

Term life insurance refers to a pure life insurance plan that gives financial security to the policy holder. In the time of untimely death of the policy holder during the term of the life insurance policy, death benefit is given to the policy holder’s beneficiaries as per the chosen term plan. 

Life insurance is a financial buffer for family members, in the event of the sudden death of the insurance policy holder. Term life insurance, especially, gives adequate coverage at affordable prices for your family members during those stressful times.

Most businesses, whether small scale or large scale, have multiple loans to run their business. When they reach a distressing level of debt management, the lenders and the management renegotiate some of the terms of the loans to arrive at a win-win situation. 

Strategic Debt Restructuring Scheme or the SDR from the RBI, enables banks who have issued loans to corporates, to convert a part of the total outstanding loan amount and interest into major shareholding equity in the company. 

Personal loans are unsecured loans that prove to be a convenient choice for many individuals. It comes with comfortable repayment terms. However, the current Covid situation has put immense pressure on borrowers in repaying personal loans. 

The current Covid-19 situation has made many borrowers rethink their loan repayment strategy. Uncertainty in jobs, non-payment of invoices, the general lull in the business are all some of the factors dampening the economy and in turn, affecting loan repayments. 

Restructuring generally refers to ‘Debt Restructuring’ in the finance world. Debt restructuring is a method used by businesses, individuals, and even governments to avoid defaulting on current loans by securing lower interest rates. When a debtor is in financial distress, debt restructuring is a less costly solution to bankruptcy, and it will help both the borrower and the lender.

During the Corona crisis, many businesses, especially MSMEs faced a lot of challenges like a liquidity crisis, high default risks, supply shocks, shortage of labour and non-payment of dues. To counter these issues, the RBI announced the EMI moratorium scheme. 

The Covid-19 pandemic put immense pressure on the banking sector. Lenders and MSMEs faced multiple challenges like a liquidity crisis, high default risks, supply shocks, shortage of labour and non-payments of dues during this Corona crisis. 

There are different loan products available in the market and an individual can avail more than one loan product to meet their needs. For example, you can take a home loan to buy a home and at the same time get a car loan to buy a car. 

HDFC Insta Jumbo Loan is a pre-approved loan available to HDFC Credit Card customers. In other words, it is a credit limit set for the cardholder that is higher than their current credit limit. This money is deposited into their HDFC savings account in one lump sum.

EMI and Tenure are two important factors in deciding a loan. Whether you want to pay a high EMI for a short tenure or a low EMI for a longer tenure? That is an important decision to make. 

No, it actually does not.  Many borrowers misunderstand that part-prepayments will reduce your EMI. It does not.  Your EMI is composed of the principal component and the interest component. 

Yes, you can very much get a loan without a PAN card.  PAN card is, of course, a necessary document while applying for loans. PAN card allows lenders to determine your financial status, repayment capacity and any kind of defaults in the past.