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what is a consumer credit report
What is a Consumer Credit Report and How to Read It?

Category : Financial Insights

Poonawalla Fincorp Team • May 20, 2024 • 453 views

A consumer credit report is a document that contains an individuals credit history, including information about their borrowing and repayment habits. It is generated by credit bureaus, which collect data from various sources such as lenders, creditors, and public records.

understanding broken period interest
What is Broken Period Interest and How is it Calculated?

Category : Financial Insights

Poonawalla Fincorp Team • May 20, 2024 • 1306 views

Did you know you might be paying interest on a loan before your first official payment is due? This unexpected cost is called broken period interest. Read on to know what this type of interest is, how it applies to a Personal Loan, and how to avoid any surprises when taking out a loan.

msme company registration process
MSME Registration Process: A Comprehensive Overview

Category : Business Loan

Poonawalla Fincorp Team • May 09, 2024 • 1095 views

MSMEs (Micro, Small, and Medium Enterprises) contribute significantly to Indias GDP. However, they face significant challenges regarding growth and expansion. To support MSMEs, the Government introduced a new classification metric, Udyam. MSMEs must register for Udyam to get benefits. The MSME registration process can be done online free of cost. Read on to learn more about the registration process of MSMEs in detail.

what is good mileage on a used car
What Is Good Mileage On A Used Car?

Category : Pre-Owned Car Loan

Poonawalla Fincorp Team • May 09, 2024 • 488 views

When buying a second-hand car, a thorough checkup is necessary to ensure its in decent condition. Mileage is one essential parameter that you must look into to help your decision-making process regarding the purchase of a second-hand car. Read on to know more about what good mileage for a used car and its importance.

what is gross income and its importance for personal loan
Gross Income: Impact on Personal Loan, Interest Calculation

Category : Personal Loan

Poonawalla Fincorp Team • May 09, 2024 • 456 views

Gross income refers to the total income earned by you before any deductions. It plays a crucial role in determining your financial stability and has a significant impact on Personal Loan approval. Read on to know how gross income affects your Personal Loan approval.

what is a ca and what do they do
What is the Work of a CA and How to Become One?

Category : Professional Loan

Poonawalla Fincorp Team • May 09, 2024 • 499 views

If you have ever searched for accounting and financial services, you must have come across the term Chartered Accountant (CA). CA is a professional who offers financial consultation and advice. But what is the work of CA – what do they really do? Read on to know the duties and responsibilities of CAs, the path to becoming one, and other important details.

top ideas for trading business
Top 35 Trading Business Ideas in 2024

Category : Financial Insights

Poonawalla Fincorp Team • May 09, 2024 • 1227 views

Trading businesses offer several opportunities. They provide minimal overhead, extensive supplier relationships, and excellent growth potential. Whether you possess a passion for a specific product category or simply have a keen eye for spotting profitable trends, there are many trading opportunities waiting to be explored. Here’s a list of the top 35 trading business ideas for 2024. Read on!

reasons why your cibil score may have dropped suddenly
7 Reasons Why Your CIBIL Score May Have Dropped Suddenly

Category : CIBIL Score

Poonawalla Fincorp Team • May 09, 2024 • 494 views

A credit score is a three-digit number, which is an important factor in determining your creditworthiness. These scores may affect your chances of loan approval. If you have maintained a good credit score so far but there’s a sudden drop in credit score, you must look into the cause. This blog discusses the 9 potential reasons why your credit score has dipped. Read on!

what is working capital formula
Working Capital Formula: A Comprehensive Overview

Category : Business Loan

Poonawalla Fincorp Team • May 09, 2024 • 1144 views

Working capital is an important financial metric that helps companies understand their short-term financial health. Business owners, lenders and investors calculate the working capital of companies before investing using the working capital formula.

mothers day gifting ideas
5 Mothers Day Gifts to Show Your Love

Category : Personal Loan

Poonawalla Fincorp Team • May 09, 2024 • 365 views

Moms deserve to be appreciated every day. But this Mothers Day, make it extra special by surprising her with a gift. Here are 5 Mother’s Day gift options to celebrate your mom. Read on!

personal loan for house down payment
Can You Use a Personal Loan for Down Payment of a House?

Category : Personal Loan

Poonawalla Fincorp Team • May 09, 2024 • 507 views

When you take a home loan, you need to make a down payment. But what if you lack the necessary funds for a down payment? Can you use a Personal Loan for a down payment? Let’s find out!

akshaya tritiya
Understanding the Significance of Akshaya Tritiya

Category : Personal Loan

Poonawalla Fincorp Team • May 07, 2024 • 514 views

Akshaya Tritiya, also known as Akha Teej, is an auspicious Hindu festival celebrated across India. The word "Akshaya" translates to "eternal" and "Tritiya\ signifies the "third lunar day" (Shukla Paksha) of the Vaishakha month. The day represents new beginnings and is the ideal time for marriage and venturing into a new business.

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