Flat Interest Rate vs. Reducing Balance Rate
We’re discussing how banks and other financial organisations compute a loan’s interest rate. In a murky scenario like this, when no bank person would give you the exact interest rates and other details, it’s even more critical to know how to calculate this in advance. In basic terms, when you take out a loan for […]
Why should you apply for a Personal Loan before Interest Rates go up?
The target interest rate ranges were raised to 0.25 percent – 0.5 percent during a meeting of the Federal Reserve Committee on March 16, 2022. The decision was taken in response to rising inflation fears, with the goal of lowering the rate to 2% in the long run. Interest rates across the board are influenced […]
Doctor Loan in India: Eligibility, Documents and Costs (2026)
Doctor loans in India explained: uses, eligibility, documents, a ₹20 lakh clinic EMI example, government-backed options and how to compare offers on APR.
Ways to Repay Student Loans
Paying off loans requires proper planning. If not thought about properly it becomes an unnecessary burden which hampers the future and destroys credit ratings. Here are few things to be kept in mind during repayments which make the process more effective Quick check: Juggling several app loans? Read how to get out of multiple loan […]
Guide for Parents Taking Education Loan
The education of their children is a critical goal for almost all Indian parents. Parents dream to give their child the best of education but it is difficult due to the hike in annual fees for different courses in India and abroad. This is where education loans play a significant role in building your child’s career. As […]
Loan for Coaching and Education in India
The education of their children is a critical goal for almost all Indian parents. An education loan offers several benefits. The most obvious one is that loans are an easy financing option that covers almost 100% of the expenses incurred during the span of education. The quantum of finances that students can borrow exceeds the amount they […]
Flat Rate vs Reducing Balance Interest Rate: Difference Explained
Flat vs reducing balance interest explained with formulas, worked ₹ examples, conversion rule of thumb and how RBI’s KFS and APR help you compare loans.
EMI Moratorium
The Reserve Bank of India (RBI) said that all lending institutions, including banks and housing finance companies, will have to give its borrowers a three-month moratorium on term loans. The moratorium was for payment of all instalments falling due between March 1, 2020 and May 31, 2020. According to the RBI, the deferred instalments under […]
What Makes a Good CIBIL Score? 5 Factors Explained
A CIBIL score above 700 is generally good. See the 5 factors that build it, score bands, what doesn’t count, and habits that raise your score.
Working Capital Loan in India
Working capital is defined as ‘the excess of current assets over current liabilities’. All elements of working capital are quick moving in nature and therefore, require constant monitoring for proper management. Working capital management is significant in Financial Management due to the fact that it plays a pivotal role in keeping the wheels of a […]