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foreclosure
What is Foreclosure: Overview, Process and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Jul 19, 2023 • 7541 views

Imagine this: You are excited and all prepared to buy a new property. But when you enter the real estate market, certain terms are not to your knowledge. It is essential to be familiar with the terms to make a wise decision.

Debt Consolidation
What Is Debt Consolidation and How It Works?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 19, 2023 • 1366 views

Juggling through multiple debts with different interest rates and due dates can be like navigating through a maze blindfolded. But what if there was a way to get out of this tangle and reclaim control of your finances?

thumbnail-image-What-is-a-Debt-Trap-Here-is-How-to-Avoid-It
What is a Debt Trap: Here is How to Avoid It

Category : Financial Insights

Poonawalla Fincorp Team • Jul 18, 2023 • 1111 views

A debt trap occurs when a borrower is forced to avail new loans just to pay off existing loan. It happens when the amount of debt becomes too much to handle based on ones ability to repay.

Instant Cash Loan
How to Get Instant Cash Loan Within 1 Hour?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 10, 2023 • 2549 views

An individual often takes out a Personal Loan or Cash Loan in case of a financial emergency or unexpected situation. Be it for a wedding expenditure or to cover a medical expense, a Cash Loan can be used for multiple purposes.

Debt to Income ratio
Know How Debt to Income Ratio Is Related To Personal Loan

Category : Financial Insights

Poonawalla Fincorp Team • Jul 10, 2023 • 1385 views

A Personal Loan can be of great aid as it can provide funds for additional expenses such as payment of rent, medical emergencies, wedding decorators, etc.

Amortized Loan
Amortized Loan: Meaning & How Does It Work?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 08, 2023 • 6190 views

Understanding the intricacies of the various available loan types and lending options is important to make an informed financial decision. Amortized loans are one such lending that offers a predictable repayment structure and long-term feasibility.

5 Cs of Credit
5 Cs of Credit - Definition, Uses & Importance

Category : Financial Insights

Poonawalla Fincorp Team • Jul 06, 2023 • 5355 views

When it comes to lending money, financial institutions evaluate the creditworthiness of individuals or businesses before extending loans or credit lines. This evaluation involves assessing multiple factors to determine the likelihood of repayment and manage associated risks effectively.

Listing-What-is-loan-repayment-image
Loan Repayment: Meaning & Types of Loan Repayment Methods

Category : Financial Insights

Poonawalla Fincorp Team • Jul 04, 2023 • 6183 views

Loan repayment is a crucial aspect of borrowing, as it involves returning borrowed funds to the lender within a specific period. Borrowers need to understand the various methods available for loan repayment to effectively manage their financial obligations. Different repayment methods offer distinct advantages and may be more suitable depending on individual circumstances.

Fixed vs Floating Interest Rate
Fixed Or Floating Interest Rate - Which Is Better For Personal Loan?

Category : Financial Insights

Poonawalla Fincorp Team • May 31, 2023 • 1319 views

Deciding between a fixed or floating interest rate for a Personal Loan depends on your financial preferences and market conditions. A Fixed Interest Rate remains consistent throughout the loan tenure, providing stability and predictable monthly payments.

Professional Tax
Professional Tax - Its Meaning, Slab Rates, and Compliance

Category : Financial Insights

Poonawalla Fincorp Team • May 30, 2023 • 1468 views

In India, along with income tax, individuals are also required to pay Professional Tax. It is an important source of revenue for state governments and is utilized for various development initiatives.

Moratorium Period
What is Moratorium Period for Loans and How to Apply for it?

Category : Financial Insights

Poonawalla Fincorp Team • May 28, 2023 • 2156 views

Sometimes, borrowers may face difficulties in repaying their loans during times of financial distress or unforeseen circumstances. To provide relief and flexibility, financial institutions offer a moratorium period.

Loans vs. Advances
5 Key Differences Between Loans and Advances

Category : Financial Insights

Poonawalla Fincorp Team • May 26, 2023 • 1606 views

Loans and advances are financial products provided by financial institutions to meet various funding needs. While these terms are often used interchangeably, they have distinct differences in terms of nature, purpose, and features.

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