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Reducing your tenure helps you cut down the outgo on the interest and the home loan is repaid faster. You can get in touch with the lender and request for a change of tenure.

Yes, you can get a Mudra Loan to purchase a commercial vehicle, to help you with your business.  MUDRA Loans are offered to these targeted customers/segments; Individuals/MSMEs engaged in non-farm entrepreneurial activities; This includes, manufacturing, trading and service enterprises including professionals rendering services across the country.

Home loan insurance is a different legal entity and it does not get transferred along with the home loan balance transfer. It is up to your choice to make whether you want to change the insurance or not.

Yes, you can! Though bad credit is not a favourable status for getting a personal loan, it is completely not impossible. There are NBFCs and website lenders who are ready to offer a personal loan based on other eligibility criteria such as income, employment and social media profiles.

Doctors have no different eligibility criteria for a loan rejection. In fact, there are special loans given by banks exclusively for individuals who are into medical profession.

Once you fail to pay the credit card bill, the lender will send you a notice of your delinquency and urge you pay to avoid increase in the interest. Continuous defaults will add up more interest and the lenders might ask you for a settlement. If you are still unwilling to settle the amount, the credit card issuer may challenge you in court for repayment.

When you overpay your credit card bill, it remains in your credit card account which can be used for future purchases. However, if you want to claim a refund, you will have request it in form of writing or contact the customer care over phone for refunding.

Though you pay off the entire credit card bill, maxing out your credit limit every month will have a negative impact on your credit score. Credit utilisation ratio has a considerable weightage in calculation of your credit score and exceeding above 50% of the credit limit could have a negative impact on your score despite your on-time payment.

Yes, you can. You can walk into the nearest branch of your bank and pay your credit card bill with cash.  There are many different ways to pay your credit card bill. Most people pay their credit card bills online these days. 

HDFC bank allows you to redeem the reward points into cash only for the following HDFC credit cards.

Yes, you can! Mobile wallets help you make purchases and payments through the credit card and debit card account linked to the wallet. You can also make your credit card bill with the credit card information stored on the wallet.

Yes, you can pay your credit card bill through the respective bank’s ATM.  Though online payment is popular these days, many people who are not well versed with online banking, or senior citizens who don’t use much digital banking, prefer to make payment through other modes. 

There is actually no direct way of paying one credit card bill through another credit card. But, if you do want to use a credit card to pay for another credit card’s bill, you can do that indirectly. 

It is recommended to pay off the entire amount as having some balance on your credit card for a long time can hurt your credit score. Though paying minimum due balance can relieve you temporarily from your financial burden, leaving a balance month on month could add up the interest rate and also hamper your credit score.

There are multiple ways using which you can pay off another person’s credit with your credit card.

Debit cards are hot listed generally when it is stolen or lost in order to avoid fraudulent usage. Hence it is not possible to get or make payment through a hot listed debit card.

Before knowing how to improve your credit score, you must know about how a credit score is calculated. The credit score is computed based on parameters such as payment history, credit utilisation ratio, credit mix, exposure to credit etc. A certain weightage is given to each parameter.

Loans provided by the banks have fixed loan amount and tenure. The interest rate on a loan could be fixed or floating type. When you take a loan, you have pay the entire loan amount with interest whether you have spent the entire amount or not.

Having a student loan is not a deterrent to avail a business loan. However, you must also analyse the following factors

As the name suggests, it is the remaining amount on your credit limit that can still be used. It could also mean that it is the amount the credit card issuer owes you in terms of rewards and cash back which can be redeemed later.

Credit score is a three-digit number that represents your creditworthiness. It is generated by credit bureaus namely CIBIL™, Equifax, Experian and HighMark. CIBIL™ is one of the credit bureaus that generates credit score. As the credit score is derived from CIBIL™, it is called CIBIL™ score.