From tax-saving tips, ways to manage your loan to personal finance — this is the ultimate finance blog for all your queries.
To calculate the CIBIL score, TransUnion CIBIL assesses many factors that have a direct impact on credit health. This score is also a reflection of your ability to handle the borrowed amount and repay it on time. As such, financial institutions give it a lot of importance and weightage when assessing your applications. Knowing how …
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A hypothecation loan is a standard option for borrowing money against a valuable asset available in your possession. Backed by collateral, this secured loan allows you to acquire a high-value sum at a comparatively lower interest rate than unsecured loans. With this option, you do not have to hand over the deeds or the rights …
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Using a digital wallet has made it simple to transfer funds and make online payments to a majority of merchants. These wallets are simply an extension tool to store funds, so you can make payments without carrying your physical card everywhere. This not only increases your security but also makes one-tap payment easy. Since everyone …
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If you’re planning to purchase a property, knowing about the difference between mortgage and collateral is extremely important. You must’ve heard both of these words in the same sentences often. They’re correlated in terms of purchasing a property but are quite different from each other in terms of meaning and purpose. When you get a …
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The difference between borrowing and lending is the bedrock of many transactions carried out in an economy, impacting both individuals and institutions profoundly. While they may seem similar superficially, these denote two fundamentally distinguishing concepts and separately govern the flow of capital in economies. To know more about the fundamental distinctions between these two concepts, …
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Having one of the best wallet apps in India on your smartphone can make it easy for you to make payments online. With this type of app, you can easily connect all your bank accounts or credit cards and make effortless payments. If you carry your cards everywhere, there is a high risk of theft …
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From paying your electricity bill, booking flights online or shopping at your favourite clothing brand, a digital payment makes the process quicker and more convenient. Also known as electronic payments or e-payments, it helps you make payments online from your cards, mobile phone or PC. In these types of payments, the payer’s bank deducts the …
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The procedure of security lending and borrowing allows you to leverage your existing investment portfolio to unlock a wealth of new financial possibilities. Securities-based Lending (SBL) helps you amplify your returns and stay ahead of the curve in the stock market. To know why it could be the missing piece in your investment strategy for …
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Mutual fund loans allow you to leverage your assets to maximise returns and provide you with a strategic advantage. You can even unlock the potential of your mutual funds by taking a loan against them and then reinvesting those funds to compound your earnings. Seasoned investors often use this strategy to access cash to keep …
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Worried whether your CIBIL score reduces every time you check it or the lenders check it? It’s a common question since you may be keeping a tab on your score from time to time to assess your creditworthiness. Apart from you, banks, NBFCs and other financial institutions may also be running a check if you’re …
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