The Vibe Journal: Finance Blogs

Different types of loans help you cover varied expenses by bridging financial gaps. Lenders, such as banks and NBFCs, offer loans based on your usage, eligibility and their internal policies.  You pay interest to enjoy the facility to borrow, so shopping for affordable rates should be your priority when you are looking to borrow. Planning …

DPD in CIBIL stands for Days Past Due. It shows how many days you delayed paying a loan EMI or credit card bill after the due date. In simple terms, DPD in CIBIL means your month-wise repayment behaviour and lenders use it to understand whether you repay credit on time.  If your DPD value is ‘000’, it means you paid on time. If it …

A flat rate of interest differs from a reduced rate, so before you choose a loan, knowing which is better for you is important. Lenders offer various types of interest rates and a suitable option can lower your borrowing costs. Read on to understand flat vs reducing interest rates. What is a Flat Interest Rate? …

You may have heard of lenders who waive loans or write them off. When a borrower fails to repay the loan instalments for 90 days, banks and other lending institutions consider it a bad debt or a non-performing asset (NPA). That is when they take action by either waiving off loans or writing them off. …

A loan overdue means you have missed paying your EMI, interest, principal or any other loan-related amount by the scheduled due date. In simple terms, if your EMI was due on the 5th of the month and you did not pay it by then, that unpaid amount becomes overdue. If the delay continues, lenders may charge penalties, report the delay …

Credit card reward points are something that most issuers offer to their cardholders for using the card. With every use, you get a certain number of points depending on several factors. You can exchange or ‘redeem’ these points for products, discounts or a cash equivalent and more. Read on to learn more about what credit …

Credit cards are a powerful financial tool. Understanding APR can help you to manage and use your credit card more responsibly. To learn about what is the annual percentage rate for credit cards, read on. What is Credit Card APR? While some credit cards are cheaper to maintain, some are more expensive. How to make …

In 2021 alone, Indians lost ₹160,000 crores in banking scams. Among these, credit card fraud in cyber security has emerged as one of the most prominent concerns. In the last fiscal year, the RBI recorded the highest number of cases related to digital payments with credit cards. Despite security advancements and encryption protocols, fraudsters and …

To help you easily track your credit card application status, card issuers offer many simple and quick options. You can complete credit card tracking online or offline, and get an update using a mode that is convenient. When you track your credit card (CC) application, your card provider will request a few details, such as:  …

When you use a credit card, the minimum amount due is one of the options that you will see in your card statement. If you are unable to clear your credit card bill in full due to budget restrictions or any other reason, paying the credit card minimum due amount is a smart option. Read …