Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
Category : Financial Insights
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.
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.