The Vibe Journal: Finance Blogs

Yes, you can pay your EMI in advance if your lender allows it. If you are wondering can I pay EMI in advance or can I pay EMI before due date, the answer is usually yes. You can do it through your lender’s app, website, net banking, UPI or other approved payment modes. Advance EMI payment helps you avoid missed due dates, reduce repayment stress and, in some cases, save on interest.  However, before you proceed, check …

Do you know what creditworthiness means and why it is an essential part of your financial health? It simply enables you to get credit on time at lower interest rates. Financial companies check it based on a 3-digit score report generated by credit bureaus. Evaluation of this score takes many factors into account. Learning about …

Looking for a slice of history or a trendy hotspot for your summer holiday destination? No one could blame you if you’d rather sit back and relax at a picturesque locale or want to be on the go with adventure sports. No matter what you want to do, there are many good places to visit …

A credit card statement is a summary of your card usage within a billing period. Simply put, it shows how much of your credit card limit you have used and how you have utilised it, i.e., the transaction details.  Knowing what your credit card statement entails is important for better financial planning and management. That’s …

If your’re struggling to pay your credit card bills due to high interest rates, then a credit card balance transfer may be an optimal solution. Often, people cannot completely pay off their credit card dues, as the interest increases with every billing cycle based on the outstanding amount.  In such a case, opting for a balance transfer …

Knowing how to convert credit card payments to EMIs is crucial to spread out the cost of your large purchases and make them more manageable. Opting for this can help ease the burden of repayment and keep you on track with your budget. To explore how to convert your credit card payments into EMIs, the …

RuPay is India’s domestic card network. It is designed to make local transactions affordable and efficient. Visa, on the other hand, is a global payment network accepted in most countries. Choosing the right card network matters more than you think. The difference between Rupay and Visa cards mainly comes down to where and how you …

Down payment—it is a term that appears a lot when you’re about to buy a big-ticket item. It comes into play when you plan to become a homeowner or car owner and sometimes even when you buy home electronics on EMI. Knowing the meaning of the down payment in-depth and how financial companies calculate it …

There are many types of mortgage loans available in India, which include: As you can tell, property ownership documentation is central to the approval process of such loans. Even the loan’s terms and the amount depend on the value of the mortgaged property. However, one size doesn’t fit all, and the processes vary of  different …

Creditors play an important role in personal finance, business and the wider economy because they provide money, goods or services today with the expectation of being repaid later. Depending on the arrangement, credit can help a person or business fund education, buy a home or vehicle, manage medical expenses, purchase everyday goods or support business operations and growth.  In a credit relationship, the creditor is …