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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 • 13339 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 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 • 2116 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 A Credit Derivative
Credit Derivatives - Meaning, Types, and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 17, 2023 • 3208 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 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 • 4048 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 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 • 5772 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 • 2333 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 • 1970 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
Credit Control: What is It, How It Works, Different Methods

Category : Financial Insights

Poonawalla Fincorp Team • Jul 22, 2023 • 5085 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.

Debt Consolidation
What Is Debt Consolidation and How It Works?

Category : Financial Insights

Poonawalla Fincorp Team • Jul 19, 2023 • 2660 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?

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

Category : Financial Insights

Poonawalla Fincorp Team • Jul 19, 2023 • 27300 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 to Income ratio
Know How Debt to Income Ratio Is Related To Personal Loan

Category : Financial Insights

Poonawalla Fincorp Team • Jul 10, 2023 • 2386 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.

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

Category : Financial Insights

Poonawalla Fincorp Team • Jul 10, 2023 • 3754 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.

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