Strategies to protect your Foreign Education Budget from declining Currency
Students who are studying abroad have worries about the Indian rupee’s decline in value relative to the US dollar. Students, both current and prospective ones who intend to pursue higher education overseas, are being impacted by the rupee’s volatility. Students must pay for living expenses in addition to tuition, and the fluctuating exchange rates can […]
Joint Home Loan Pros and Cons
The cost of buying your first house is considerable. Before you can apply for a mortgage, you need money for a down payment. A shared home loan is typically considered when a person lacks the necessary cash or is unable to satisfy the lender’s eligibility requirements on their own. By taking out a house loan […]
Experian has launched a free Credit Score Check on WhatsApp
About Experian Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to […]
Everything You Should Know About the Digital Rupee
What exactly is Digital Rupee? A “legal tender” issued in digital form by a central bank, according to the Reserve Bank of India, is CBDC. It is comparable to fiat money and may be exchanged “one for one” for fiat money. This “Digital Rupee,” also known as the “e-Rupee,” will function as a national currency and […]
Ramp Scheme for MSMEs
Raising and Accelerating MSME Performance is what a Ramp program, just authorized by the Union Cabinet, essentially entails. It will currently launch in the financial years 2022 and 2023. The program is really a World Bank-supported program that was established to support the Ministry of Micro, Small, and Medium Enterprises’ many CoronaVirus Disease 2019 (Covid) […]
Should you take out a Personal Loan to Invest in the Stock Market?
A personal loan may now be easily obtained via banks, non-banking financial institutions (NBFIs), and peer-to-peer (P2P) lending platforms. Some investors take out personal loans to buy stocks and subscribe to initial public offerings (IPOs), hoping to make healthy returns and pay off the debt. Many investors are eager to join in this rise even […]
Payday Loan Debt Cycle and ways to avoid it
Payday loans are short-term, high-interest loans used to pay for your costs up until your next paycheck. By issuing loans with exorbitant interest rates, payday lenders are able to boost their earnings, but many consumers are unable to repay them. Due to this cycle of increasing borrowing each pay period and increasing costs to pay […]
CIBIL Report Problems and Solutions
In India, an organisation that provides credit reports is called CIBIL, or Credit Information Bureau Limited. When the records of a person’s payments for loans and credit cards are compiled, a CIBIL Credit Report—which is a chronicle of your credit history is created. A bank or other financial institution will review the CIBIL score after it […]
How to Choose the Best Personal Loan Lender
Financial emergencies and cash shortages are the perfect times to use personal loans. Being approved for a personal loan is now much simpler and quicker than it was a decade ago thanks to the abundance of banks and Non-Banking Financial Companies (NBFCs) that offer various types of personal loans, including regular personal loans, instant personal […]
Why Personal Loans Are Preferred by NBFCs Over Banks
Personal loan (PL) has improved significantly as a result of the NBFC sector’s remarkable growth in India during recent years. The market share of NBFCs in PLs increased from 22.68% in March 2018 to 44.92% in March 2020, according to the credit information bureau. The market share was 42.16% in August 2020. Unsecured loans from […]