The Vibe Journal: Finance Blogs

If you’re new to credit cards, you’ve probably heard the term credit card grace period but might not know exactly how it benefits you. In simple terms, the grace period is the interest-free window between the end of your billing cycle and your payment due date — it lets you repay your credit card bill …

Electric vehicles (EVs) are getting quite popular nowadays. If you’re planning to switch to this type of vehicle, you can get an electric vehicle loan easily. Many financial institutions including leading banks and Non-Banking Financial Institutions (NBFCs) provide financing for this type of vehicle. By getting vehicles that run on electricity instead of traditional fuel, …

You can easily get a loan for solar panel installation and generate electricity. With rising inflation, these substantial electricity bills can be quite difficult to handle. Because of this, you may have to compromise on your electricity usage. By installing solar panels, you can avoid this as it will help reduce your bills significantly. Read …

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 …

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 …

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 …

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 …

Got questions about borrowing vs. lending? It’s easy to mix them up, but understanding the difference is key to handling money wisely—whether it’s for personal finance or running a business. Borrowing means getting money with the promise to repay, while lending means giving someone money with the expectation of getting it back.   Read on to …

Having one of India’s best online payment apps on your smartphone can make it easy for you to make payments online. With this 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 or loss. This …

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 …