The Vibe Journal: Finance Blogs

Have you heard of the term ‘settlement of credit cards’? This is an option you can rely on when you do not have the funds to pay your credit card bill in full due to the loss of a job or a financial emergency.  It involves coming to an agreement with your credit card company …

Long security lines, crowded waiting areas and delayed flights can make your travel experience stressful. Credit cards that offer complimentary access to airport lounges provide an escape from this hustle and bustle.  Airport lounges offer you a relaxing place with comfortable seating, complimentary WiFi, and food & beverages. You can access this facility not only …

Getting your first credit card is rewarding but can also be challenging. As someone who’s new to credit, you may not have an ideal credit score or history. This makes financial institutions hesitate when it comes to approving your application.  After all, a strong credit history and score reflect creditworthiness, whereas its absence implies a …

Travelling with a credit card can be a great move as it allows you to pay safely and enjoy a range of cost-saving benefits. These include racking up rewards points on all transactions, redeeming them for flight tickets and hotel bookings, enjoying discounts at dining/retail partners and more.  By using your credit card efficiently and …

Want to make the most of seasonal offers on electronics, gadgets and electronics? Well, by using credit cards, you can avoid making lump sum payments and convert your bill into affordable EMIs. Simply put, buying products on EMI gives you the benefit of buying now and paying in instalments.    This way, you can buy …

Amortised loans are one of the many repayment options offered by lenders. When you opt for a loan, one of the most important factors to consider is the EMI. It includes a portion of your interest and principal, which you need to repay on a fixed date every month. Any form of credit, where your …

A loan underwriting is an important part of the loan process. It helps lenders get a clear picture of the creditworthiness of borrowers and their repayment ability. With the help of credit underwriting, lenders also determine the loan amount as well as other loan terms, including interest rate and tenure for an applicant. Typically, lenders …

Getting a WCDL, or a working capital demand loan, is a great way to address the day-to-day financial needs of your business. This is a specialised loan to help businesses meet their short-term financial obligations and operational costs. With this loan, you can get the required funding to meet seasonal business demands or tackle unforeseen …

Credit derivatives are a type of financial contract that helps parties minimise their credit risk. Two parties hold these negotiable bilateral contracts privately and trade them over the counter.  In credit derivatives, creditors can transfer the credit risk of a debtor to a third party. In exchange for taking the credit risk, the third party …

The importance of understanding the difference between NACH and ECS is growing as the nation moves towards digital payments. Among the many modes of electronic transfers, these are two of the most popular options. Many companies, banks, financial institutions and merchants use ECS and NACH to receive and make payments. These options also allow automatic …