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Fixed vs Floating Interest Rate
Fixed Or Floating Interest Rate - Which Is Better For Personal Loan?

Category : Financial Insights

Poonawalla Fincorp Team • May 31, 2023 • 2038 views

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.

Professional Tax
Professional Tax - Its Meaning, Slab Rates, and Compliance

Category : Financial Insights

Poonawalla Fincorp Team • May 30, 2023 • 2172 views

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.

Moratorium Period
What is Moratorium Period for Loans and How to Apply for it?

Category : Financial Insights

Poonawalla Fincorp Team • May 28, 2023 • 4292 views

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.

Loans vs. Advances
5 Key Differences Between Loans and Advances

Category : Financial Insights

Poonawalla Fincorp Team • May 26, 2023 • 2696 views

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.

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

Category : Financial Insights

Poonawalla Fincorp Team • May 24, 2023 • 3967 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 • 8391 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 • 4041 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 • 3234 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 • 5527 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 • 14478 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 • 4322 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 • 3711 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.

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