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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 • 1539 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.

things to know during personal loan comparison
5 Factors to Consider During Personal Loan Comparison

Category : Personal Loan

Poonawalla Fincorp Team • May 20, 2024 • 7944 views

When it comes to personal loans, comparing different options available is crucial. A Personal Loan comparison will help you find a best deal that suits your financial needs. However, with so many lenders with varying interest rates, tenures, and charges, it may be overwhelming to decide. To help you, this blog lists 5 factors you must consider while comparing personal loans. Read on!

hard credit inquiry vs soft credit inquiry
Hard Credit Inquiry vs. Soft Credit Inquiry: What is the Difference?

Category : CIBIL Score

Poonawalla Fincorp Team • May 20, 2024 • 1289 views

Loans help you during financial emergencies. However, your credit score is the main criterion that decides your loan eligibility and terms. Hard and soft inquiries may occur when you or the lender checks your credit score to determine your creditworthiness. But, there are a few fundamental differences between the two types of inquiries. What are they? Read on to find out!

heavy equipment financing meaning definition and online loan options
A Complete Guide to Heavy Equipment Financing

Category : Machinery Loan

Poonawalla Fincorp Team • May 20, 2024 • 1563 views

Heavy equipment is indispensable in various industries such as construction, manufacturing, and others reliant on robust machinery. However, procuring such equipment often entails a considerable financial commitment. With the help of heavy equipment financing, you can easily acquire any heavy equipment. Read on to learn about Machinery Loan for MSME, its uses, importance, and more!

what is gap insurance for cars
Is GAP Insurance Necessary for Used Cars?

Category : Pre-Owned Car Loan

Poonawalla Fincorp Team • May 20, 2024 • 1159 views

Wondering what GAP insurance is, GAP insurance, often referred to as Guaranteed Auto Protection, is a specialised type of insurance policy. Its coverage is designed to protect car owners from potential financial gaps when their insurance pays out falls short of paying off their outstanding loan balance.

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 • 1226 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 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 • 4065 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 working capital formula
Working Capital Formula: A Comprehensive Overview

Category : Business Loan

Poonawalla Fincorp Team • May 09, 2024 • 4300 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.

msme company registration process
MSME Registration Process: A Comprehensive Overview

Category : Business Loan

Poonawalla Fincorp Team • May 09, 2024 • 6837 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 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 • 3234 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.

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

Category : Personal Loan

Poonawalla Fincorp Team • May 09, 2024 • 3160 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!

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 • 1959 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!

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