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thumbnail image Better to Take Loan or Use Your Savings
Is it Better to Take a Loan or Use Your Savings?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 23, 2023 • 1257 views

Taking a loan vs. using savings is a never-ending debate for individuals. There is no perfect choice between taking a loan vs. using savings. Both these options are viable as per personal choices and financial requirements.

thumbnail image Credit Review
Credit Review - Meaning, Purpose, and How Does It Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 25, 2023 • 1313 views

In the financial world, credit review plays a pivotal role in determining an individuals or a businesss creditworthiness. This comprehensive evaluation conducted by lenders and financial institutions allows them to assess the risk involved in lending credit and make informed decisions regarding loan approvals, interest rates, and credit limits.

thumbnail image 6 Crucial Debt Management
6 Crucial Debt Management Tips to Learn in 2024

Category : Financial Insights

Poonawalla Fincorp Team • Jan 10, 2024 • 1276 views

Over the past couple of years, the number of people applying for some form of credit has increased due to a host of different factors. Most of this is usually attributed to the economy picking up and more people borrowing credit.

thumbnail image What is micro credit
What is Microcredit - Definition, Types and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 20, 2023 • 2235 views

Microcredit, also known as microfinance, is a financial service that provides small loans to low-income individuals or groups who have limited access to traditional banking services. It aims to alleviate poverty, promote entrepreneurship, and empower individuals to start or expand their small businesses.

thumbnail image What is Credit Repair How Do Credit Repair Companies Work
What is Credit Repair - How Do Credit Repair Companies Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 18, 2023 • 1177 views

In todays world, credit plays a vital role in our financial lives. It influences our ability to secure loans, obtain favourable interest rates, and even rent an apartment. However, a less-than-stellar credit history can hinder these opportunities, making it challenging to achieve financial goals. This is where credit repair comes into the picture.

thumbnail image What Is An E Mandate How Does It Work
What Is E-mandate? How Does it Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 17, 2023 • 1964 views

In the digital era, traditional methods of authorizing and processing payments have evolved to keep pace with technology. One such advancement is the introduction of e-mandates, which provide a convenient and secure way to authorize recurring payments electronically.

thumbnail image What Is A Credit Derivative
Credit Derivatives - Meaning, Types, and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 17, 2023 • 1732 views

In the complex world of finance, credit derivatives have emerged as important instruments for managing credit risk. Credit derivatives are financial contracts that derive their value from underlying credit instruments, such as loans, bonds, or other debt obligations. These instruments enable investors to transfer or manage credit risk without owning the actual underlying assets.

thumbnail image What do you Understand by Outstanding Overdue Payments
Outstanding & Overdue Payments - Everything You Should Know

Category : Financial Insights

Poonawalla Fincorp Team • Aug 19, 2023 • 5289 views

In the realm of personal finance and business transactions, managing payments is of utmost importance. Two common terms often used in this context are "outstanding payments" and "overdue payments." Understanding the difference between these terms and the implications they carry is crucial for maintaining financial stability and avoiding potential consequences.

thumbnail image NACH e mandate Everything you must know
NACH E-Mandate: Everything You Must Know About It

Category : Financial Insights

Poonawalla Fincorp Team • Aug 11, 2023 • 2804 views

NACH full form stands for National Automated Clearing House. It is a digital authorization process that allows individuals to automate recurring payments or financial transactions directly from their bank accounts.

Floating Interest Rate
Floating Interest Rate - Meaning, Pros & Cons, and How Does It Work?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 25, 2023 • 1270 views

A floating interest rate, also known as a variable or adjustable rate, is an interest rate that changes based on market conditions. It offers both advantages and disadvantages to borrowers.

fixed interest rate
Fixed Interest Rate - Meaning, Pros & Cons, and How Does It Work?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 24, 2023 • 1159 views

In the world of personal finance, it is important to understand the different types of interest rates and their implications. One such interest rate is the fixed interest rate.

Credit Control
What is Credit Control - Meaning, Types, and Example

Category : Financial Insights

Poonawalla Fincorp Team • Jul 22, 2023 • 2016 views

In the world of finance, credit control plays a crucial role in managing and regulating the extension of credit by financial institutions. It involves implementing strategies and measures to ensure that credit is granted prudently, minimizing the risk of defaults and financial losses.

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