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

Category : Financial Insights

Poonawalla Fincorp Team • May 30, 2023 • 2685 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.

Experian vs CIBIL
Experian vs CIBIL Score | Detailed Guide and Key Differences

Category : CIBIL Score

Poonawalla Fincorp Team • May 29, 2023 • 4798 views

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.

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

Category : Financial Insights

Poonawalla Fincorp Team • May 28, 2023 • 5885 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.

Personal Loan EMI Calculation
Personal Loan EMI Calculation Formula & Function in MS Excel

Category : Personal Loan

Poonawalla Fincorp Team • May 26, 2023 • 28913 views

When it comes to managing personal finances, understanding how to calculate the Equated Monthly Installment (EMI) for a Personal Loan is essential.

Loans vs. Advances
5 Key Differences Between Loans and Advances

Category : Financial Insights

Poonawalla Fincorp Team • May 26, 2023 • 3601 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.

Factors affecting on Working capital
9 Key Factors Affecting Your Working Capital

Category : Business Loan

Poonawalla Fincorp Team • May 25, 2023 • 22035 views

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.

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

Category : Financial Insights

Poonawalla Fincorp Team • May 24, 2023 • 5275 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 • 9193 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 • 5278 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 • 3976 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.

Tips to improve CIBIL Score
How To Improve CIBIL Score After Settlement?

Category : CIBIL Score

Poonawalla Fincorp Team • May 21, 2023 • 22815 views

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.

Disadvantages of a Low CIBIL Score to Avail Personal Loan
Disadvantages of Having a Low CIBIL Score to Get a Personal Loan

Category : CIBIL Score

Poonawalla Fincorp Team • May 19, 2023 • 4529 views

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.

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