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Line of credit
Line of Credit (LOC) – Meaning, Types and Examples

Category : Financial Insights

Poonawalla Fincorp Team • May 24, 2023 • 2349 views

People, businesses, institutions, and even governments have their own financial needs. They face various situations in which they have to manage available finances and avail of external help in the form of loans.

EMI FUll Form
What is the Meaning and Full Form of EMI and How to Calculate it?

Category : Financial Insights

Poonawalla Fincorp Team • May 23, 2023 • 6923 views

As businesses and individuals continue to navigate the world of finance, understanding key terms like EMI becomes crucial. EMI, short for Equated Monthly Installment, is a widely used concept in the corporate landscape.

Write-Off Loan vs. Waive-off Loan
Write-Off Loan vs. Waive-off Loan - Its Meaning, Difference & Benefits

Category : Financial Insights

Poonawalla Fincorp Team • May 22, 2023 • 2333 views

In the realm of loans, the terms "Write-Off Loan" and "Waive-Off Loan" often create confusion. This blog post aims to clarify their meanings, highlight the differences, and outline their benefits.

CO applicant and co signer
Co-Applicant & Co-Signer - Its Meaning, Differences, and Pros & Cons

Category : Financial Insights

Poonawalla Fincorp Team • May 21, 2023 • 2008 views

While applying for a loan, there are several terms that you come across which can be challenging to understand. The terms "co-applicant" and "co-signer" come up often, but few understand their distinct differences.

financial lease
Distinguish Between Finance Lease and Operating Lease

Category : Financial Insights

Poonawalla Fincorp Team • Apr 14, 2023 • 4480 views

A lease is a financial agreement between two parties wherein the user of the asset (called the lessee) pays the owner of the asset (called the lessor) for using the asset for a pre-defined period.

increase repo rate
How Does Repo Rate Increase Affect Your Finances?

Category : Financial Insights

Poonawalla Fincorp Team • Apr 03, 2023 • 10968 views

The Reserve Bank of India (RBI) acts as a statutory body that is directly or indirectly in charge of banking regulation, money supply, inflation management, issuance of currency, maintaining overall financial stability in India and numerous other functions.

Debt Financing
A Guide to Debt Financing, How It Works, and Its Benefits

Category : Financial Insights

Poonawalla Fincorp Team • Apr 01, 2023 • 3402 views

A firm (business or professional practice) often needs funds to continue with its business operations or bridge a small gap in its working capital. At such times, the business uses one or the other methods to raise funds.

secured loan meaning
A Detailed Guide to Secured Loans For Every Borrower

Category : Financial Insights

Poonawalla Fincorp Team • Feb 11, 2023 • 2964 views

Secured Loans can help borrowers avail of high-value funds for high-ticket expenses. These loans are offered to borrowers in exchange for an asset.

igst full form
What is IGST - Integrated Goods & Services Tax? Meaning & Full Form

Category : Financial Insights

Poonawalla Fincorp Team • Feb 08, 2023 • 11263 views

Earlier, the tax system was complex and multi-layered. There were several types of taxes that were levied on the goods and services such as excise, service tax, VAT, Octroi, Entertainment tax, tax on lottery, luxury tax, Purchase tax, etc.

reverse charge mechanism
Reverse Charge Mechanism (RCM) in GST - An Overview

Category : Financial Insights

Poonawalla Fincorp Team • Feb 01, 2023 • 6983 views

In 2017, the Government of India introduced the Goods and Services Tax (GST) in a bid to subsume various indirect taxes into a single taxation system.

What is Loan Account Number
What is a Loan Account Number? Steps to Find Loan Account Number

Category : Financial Insights

Poonawalla Fincorp Team • Jan 30, 2023 • 115432 views

Digitization in the lending sector has made it easier for individuals to avail of funds instantly. Various banks, Non-Banking Financial Companies (NBFCs), and lending institutions are now offering online loan applications. This has also sped up processing, approvals, and disbursals.

simple interest and compound interest
What is Simple Interest? Formula, Calculator, Example, Definition

Category : Financial Insights

Poonawalla Fincorp Team • Dec 21, 2022 • 3234 views

A quick and easy method of calculating the interest charged on a loan is called Simple Interest. It is determined by multiplying the interest rate by the principal amount, by the number of periods(days/months/years) that have elapsed between the payments.

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