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 : CIBIL Score
Understanding credit scores is crucial for individuals seeking loans or credit cards. In India, two prominent credit scoring models are widely used: the CIBIL Score and the Experian Score.
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 : Personal Loan
When it comes to managing personal finances, understanding how to calculate the Equated Monthly Installment (EMI) for a Personal Loan is essential.
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 : Business Loan
A company has to maintain a proportionate amount of working capital to stay in business. Working capital is among the most important aspects of any business.
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 : CIBIL Score
A CIBIL score, commonly known as a credit score is a three-digit number that represents a borrower’s creditworthiness. It indicates to the lender the credit handling ability and reliability of an individual.
Category : CIBIL Score
Financial stability is essential for guaranteeing an enjoyable life in todays fast-paced world. There may be times when unexpected events or pressing needs necessitate instant financial aid.