How Late or Missed Payments Affect Your Credit Score in India (DPD Explained)
In short: A missed EMI or card payment is recorded on your credit report as “days past due” (DPD) for that month. One payment a
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In short: A missed EMI or card payment is recorded on your credit report as “days past due” (DPD) for that month. One payment a
In short: Maxing out a credit card lowers your CIBIL score because of credit utilisation: the share of your card limits you are using when
Evaluating a personal finance advisor in India can be a crucial step in ensuring that your finances are managed in a professional and effective manner.
Loan restructuring is a financial strategy that can help individuals and businesses manage their debts more effectively. It involves modifying the terms of your existing
The start of a new financial year is an excellent time to reflect on your personal money habits and make resolutions to improve your financial
FAQs about Refinancing a Personal Loan in India 1. What is refinancing a personal loan? Refinancing a personal loan involves taking out a new loan
When it comes to securing a loan, borrowers in India often find themselves searching for the best terms and conditions available. However, many overlook a
Personal Loans in India: Going Paperless Introduction Personal loans are unsecured loans that are typically used for personal expenses such as home renovation, travel, medical
Personal loans are a popular option for meeting financial needs like paying for education, medical bills, or even a much-needed vacation. However, sometimes circumstances can
Same-Day Loan type of unsecured personal loan that is disbursed into your account on the same day you apply for the loan. Many lenders offer same day
In short: eMudhra eSign is an online electronic signature service from eMudhra, a licensed certifying authority in India. It lets you sign a document electronically
In short: A top-up loan is extra money your current lender adds on top of a loan you are already repaying, usually a personal loan
SIDBI Make in India Loan for Enterprises (SMILE) is intended to take forward Government of India’s ‘Make in India’ campaign and help MSMEs take part
PM Modi’s Vision of Rs. 20 lakh crore packages has been announced in 5 tranche economic doses on 13th, 14th, 15th, 16th and 17th May
A good Credit score reflects good repayment history of an individual and it is one of the most important parameters for loan sanction. Few lenders
In short: If you have never had a loan or credit card, you have no CIBIL score yet, which is not the same as a
In short: A low CIBIL score shuts some doors, not all of them. Loans backed by something you own (gold, a fixed deposit, property, a
In short: Yes. An education loan is reported to the credit bureaus like any other loan, so missed EMIs after the moratorium lower the student’s
There is hope for those customers looking for personal loans but could not avail them so far because they have been working with companies which
Business Loan interest rate starts from 14.99% onwards per annum. However, other factors to influence the final commercial business loan interest rates decided by the lender
The interest you pay on your business is tax deductible that is generally subtracted from your gross income. As per the Income Tax Act, 1961,
In small towns, small businesses depend on unauthorised moneylenders for their financing needs. They charge exorbitant interest and there is normally no clear paperwork for
Quick personal loans could be a great way to meet financial emergencies without relying on friends and family. They are unsecured, which means you don’t
Loans can be of different types, but the primary ones we would tackle through this article are around business and personal loans. The two loans
What is Revenue-Based Financing? Revenue-based financing, also known as royalty-based financing, is a type of capital-raising method in which investors agree to provide capital to
What is Merchant Capital? To some of you, “merchant capital” may sound like a foreign term. Others may recognize it as merchant financing, merchant cash
As we head towards 2022, the economy looks way more upbeat than what it did this time last year. As markets opened up, businesses across
Starting a small business is a massive but rewarding undertaking. Part of starting a small business is doing things in a way that makes the
A business health check is a look into the financial status of your business. It’s an easy way to find any potential issues, and gives