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Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
How to improve credit score in 30 days in India – is one of the most important question comes to many people’s mind when it comes to credit score.
Category : Financial Insights
As the worlds second-largest internet-using country, Indias digital transformation in the financial sector is gaining momentum.
