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

Category : Financial Insights

Poonawalla Fincorp Team • Feb 08, 2023 • 12743 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 • 7937 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 • 133928 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 • 4052 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.

how to improve credit score in 30 days
How To Improve Credit Score In 30 Days in India?

Category : Financial Insights

Poonawalla Fincorp Team • Dec 08, 2022 • 5494 views

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.

what is nbfc
What is the Full Form of NBFC? Its Meaning, Types, Role & Scope

Category : Financial Insights

Poonawalla Fincorp Team • Dec 04, 2022 • 12835 views

As the worlds second-largest internet-using country, Indias digital transformation in the financial sector is gaining momentum.

trade credit meaning
What Is Trade Credit? Meaning, Formula & Features

Category : Financial Insights

Poonawalla Fincorp Team • Dec 03, 2022 • 3235 views

With the overall growth of businesses in India, we have seen several transformations in and around the business environment. However, there are a few methods such as trade credit that have been in the practice since the inception of businesses.

credit score definition
What is a Credit Score? How it Helps in Personal & Business Loan Approval

Category : Financial Insights

Poonawalla Fincorp Team • Nov 30, 2022 • 6791 views

A credit score is one of the most crucial factors in the eligibility criteria for loan. Knowing what your credit score is will help you understand your financial health.

financial planning tips for young adults
Top Financial Planning Tips For Young Adults In India

Category : Financial Insights

Poonawalla Fincorp Team • Nov 24, 2022 • 5602 views

Financial planning is an effective process that offers an efficient framework to achieve your life goals strategically and systematically. To assist young and aspiring entrepreneurs, let’s take a look at some budgeting help for young adults.

Inventory Management
Inventory Management - How to Get a Loan with Inventory Financing?

Category : Financial Insights

Poonawalla Fincorp Team • Nov 22, 2022 • 2899 views

Businesses are dynamic in nature, which demands entrepreneurs to constantly work towards running operations efficiently.

business finance
Different Sources of Business Finance & Its Importance

Category : Financial Insights

Poonawalla Fincorp Team • Nov 19, 2022 • 3850 views

Finance is the core of every business irrespective of size and type of business. It contributes to the growth and expansion of the business.

factors affecting CREDIT score
What Are The Factors That Determine Your CREDIT Score

Category : Financial Insights

Poonawalla Fincorp Team • Nov 18, 2022 • 3848 views

Your credit history, history of loan repayment, debt-to-income ratio, type of existing loans (secured or unsecured), and prior credit card usage are just a few factors affecting your CREDIT score.

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