The Vibe Journal: Finance Blogs

Yes, most of them are. But that ‘most’ is doing a lot of work and it’s worth understanding what separates a trustworthy app from one that could leave you in a genuinely bad situation.   The apps that are safe to use are backed by an RBI-registered bank or NBFC, follow the 2022 Digital Lending Guidelines and are upfront about what they charge. …

The festive season is finally here, and it brings with it much-awaited shopping sales. With the global pandemic, there has certainly been a slump in the economy as people have put off making big purchases. But as the economy restarts again, e-commerce giants like Flipkart and Amazon have geared up for major shopping sales. Let’s …

Based on your loan history (of all kinds), a credit score is a number that measures and rates your financial health. To decide whether to accept someone for a loan or credit card and to determine what interest rate to charge, lenders use credit scores. In order to decide whether to rent your house, give …

Over the years, an individual’s or even an organisation’s creditworthiness has come to be defined by their credit score. A loanee’s traditional data (e.g. credit history, types of credit, credit utilisation, etc.) is usually the only factor considered by credit scoring systems to evaluate their creditworthiness. The problem with this system is that a significant …

When applying for a personal loan, understanding the total cost of borrowing is just as important as checking the interest rate. Apart from interest, lenders may charge processing fees, late payment penalties, foreclosure charges, documentation costs and other fees.  Being aware of these personal loan hidden charges before accepting an offer can help you plan your finances better and avoid unexpected …

A Financial Wellness Program usually expands from standard employee benefits and goes past retirement arranging and contributing data. A balanced one will promote, for employees, everything from precise understanding and appropriate use of money to the point of building not just a stable, but symbiotic relationship with money.  This is a perspective many evolving corporates …

Thinking about repaying your personal loan early? Well, many borrowers want to know whether paying off a loan before time will save money or cost extra. The truth is, some lenders charge a prepayment penalty on personal loan when you close your loan early – either partially or fully. These are called pre closure charges …