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overdraft vs cash credit
Know the Difference Between and Cash Credit and Overdraft

Category : Financial Insights

Poonawalla Fincorp Team • Jun 19, 2024 • 178 views

When faced with temporary financial needs, you often explore short-term financing options like overdrafts and cash credit facilities. While both offer quick access to funds, they differ in key aspects, influencing the suitability for customers. Understanding these differences is crucial for making informed financial decisions. Continue reading to have a comprehensive idea about the differences between overdraft and cash credit.

what is a consumer credit report
What is a Consumer Credit Report and How to Read It?

Category : Financial Insights

Poonawalla Fincorp Team • May 20, 2024 • 416 views

A consumer credit report is a document that contains an individuals credit history, including information about their borrowing and repayment habits. It is generated by credit bureaus, which collect data from various sources such as lenders, creditors, and public records.

understanding broken period interest
What is Broken Period Interest and How is it Calculated?

Category : Financial Insights

Poonawalla Fincorp Team • May 20, 2024 • 991 views

Did you know you might be paying interest on a loan before your first official payment is due? This unexpected cost is called broken period interest. Read on to know what this type of interest is, how it applies to a Personal Loan, and how to avoid any surprises when taking out a loan.

top ideas for trading business
Top 35 Trading Business Ideas in 2024

Category : Financial Insights

Poonawalla Fincorp Team • May 09, 2024 • 917 views

Trading businesses offer several opportunities. They provide minimal overhead, extensive supplier relationships, and excellent growth potential. Whether you possess a passion for a specific product category or simply have a keen eye for spotting profitable trends, there are many trading opportunities waiting to be explored. Here’s a list of the top 35 trading business ideas for 2024. Read on!

international labour day
The History and Significance of International Labour Day

Category : Financial Insights

Poonawalla Fincorp Team • Apr 30, 2024 • 726 views

1st May is observed as International Labour Day globally every year. On this day, businesses and modern society celebrate the dignity of labour. This is part of the eight-hour day movement, which originated from the demand for a balanced allocation of time: eight hours for work, eight hours for rest, and eight hours for recreation.

all about pradhan mantri mudra yojana scheme
A Complete Guide to Pradhan Mantri Mudra Yojana Scheme

Category : Financial Insights

Poonawalla Fincorp Team • Apr 22, 2024 • 924 views

Small and medium-sized businesses often struggle to obtain loans from traditional financial institutions. Recognising the importance of these enterprises in driving economic growth, the government offers assistance to help them thrive. One such program is the Pradhan Mantri MUDRA Yojana (PMMY), which provides credit facilities to micro and small enterprises.

top highlights of union budget
Top 21 Budget Highlights of the Indian Union Budget 2024-25

Category : Financial Insights

Poonawalla Fincorp Team • Mar 28, 2024 • 481 views

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, focused on boosting economic growth, infrastructure development, and social welfare. While it was an interim budget presented before the general elections, it offered several key takeaways for individuals and businesses. This blog discusses about the top 21 budget highlights and their potential impact. Keep reading!

empowering women importance of financial literacy
Importance of Financial Literacy for Women

Category : Financial Insights

Poonawalla Fincorp Team • Mar 06, 2024 • 2657 views

A 2023 survey with 500 working women across all age groups and incomes found that only 35% were financially literate. Unfortunately, most women still lack confidence when it comes to making financial decisions on their own. Given women’s contribution to India’s growing economy, it is essential to empower them through financial literacy. This blog lists the importance of financial literacy for women and ways to become financially educated. Read on!

reasons to get a pvc aadhar card
6 Reasons Why You Must Apply for a PVC Aadhaar Card

Category : Financial Insights

Poonawalla Fincorp Team • Feb 26, 2024 • 3511 views

Your Aadhaar card is an important identity proof document issued by UIDAI. PVC Aadhaar card is made of PVC (polyvinyl chloride) and was launched to make this important document durable and portable. This blog lists out 6 reasons to get a PVC Aadhaar card, how to apply for it, and how to check the application status online. Read on!

what is e kyc and how it works
Understanding e-KYC: A Detailed Guide

Category : Financial Insights

Poonawalla Fincorp Team • Feb 26, 2024 • 4839 views

Online e-KYC has been the game changer in the identity verification process. It leverages digital technology to verify customers details online. Since its inception, the e-KYC has enhanced convenience for individuals and businesses, leading to increased security. This blog delves into the importance of online e-KYC. But first, lets understand what e-KYC is. 

thumbnail image importance of financial health check up at regular intervals
Why Is Financial Health Check-up Important at Regular Intervals?

Category : Financial Insights

Poonawalla Fincorp Team • Feb 01, 2024 • 797 views

In this modern era, prices of commodities and services are increasing faster than your income. Thus, having a clear knowledge of your financial situation is vital. Assessing your finances will help you make an effective plan to address your woes. To know your financial health, analyse your total income, expenses, assets, savings, and liabilities.

thumbnail image financial planning checklist
The Ultimate Financial Planning Checklist for 2024

Category : Financial Insights

Poonawalla Fincorp Team • Feb 01, 2024 • 919 views

How do you get your finances in shape and make the most of your money in 2024? Look no more. We have got you covered with a simple financial planning checklist for 2024. This easy-to-follow guide will help you understand your finances, set achievable goals, and make the most of your money in the coming year. So, let us dive in and pave the way for a financially successful 2024.

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