With the central bank of the country, the Reserve Bank of India making all provisions to slash their interest rates, its quick fire rate cuts have only been communicated and transmitted in a partial manner to the economy, much to the joy of investors of fixed deposits across the country. However, with the RBI asking… Read More »
The fact that India has a poor credit monitoring system is not a new one. But when this phenomenon has been coupled with factors like the huge rise in the number of credit cards that are issued on an annual rate, along with the rise in late payments for several large players has worsened the… Read More »
Recently, RBI has also deregulated the savings rate along with increasing the policy rates by 25 basis points, the 13th time in the last 18 months.
In this era of rising inflation rate, the Reserve Bank of India is forced to play spoilsport by raising the interest rates on loans. This means that borrowers who earlier had to pay higher amounts on the loans that they had borrowed earlier, will now have to pay even higher amounts. If you are a… Read More »
When debts like personal loans, home loans are not the exact sources from where you wish to raise you funds for financing your requirements, then strictly stick towards investing. Company fixed deposits are definitely a trend to watch out for. Although there was lack of action in this arena for quite some time, these fixed… Read More »
With constant reforms carried out by the Reserve Bank of India (RBI) in order to encourage masses to invest in the growth of India one of its recent modifications is to enable investors transact their Mutual Funds (MFs) through Demat Accounts. It is now possible for mutual fund holders to hold their units in the… Read More »
“What is with these guys? They need a never ending supply of money. What do they think, money grows on trees? Last week it was for some educational trip from the college and this time it is some friend’s birthday party in some hotel, for which he has to buy new clothes.
The key to getting the best rate for a personal loan is by maintaining a clean credit history. Your credit history is recorded by the credit bureau (CIBIL) which in turn gives you a credit score. This is shared with banks. Banks will use this as the key parameter for determining the rate of interest… Read More »
Did you ever imagine that the cash swiping machines of banks could make many millionaires in the country? Ever thought that this simple instrument could revolutionize the way banking was conducted in the country? Well, wonder no more as many people have begun to earn large sums of money with the help of these machines,… Read More »
If you need to renovate your home for which you are still paying an EMI (stands for Equated Monthly installment), instead of a personal loan, opt for a home improvement loan! In fact, whether you are an existing home loan borrower or not, you can still pledge the value of your house for financing the… Read More »