Finance

The disadvantages of having a bad credit score

The disadvantages of having a bad credit score

Your credit score or your CIBIL score is a 3-digit number that is considered a vital detail that financial institutions check before approving your loan application. The score considers your credit repayment history and gives the lender a fair estimation of the credit risk associated with lending money to you. A recent survey suggested that...

How is Fixed Deposit Interest Calculated?

Fixed deposits are the most sought after investment options in India as it ensures guaranteed returns. People tend to invest more in fixed deposits as it is easy to manage and the invested money remains completely secured with the bank or financing entity. A Fixed deposit allows investors to earn savings at a higher rate...

Money Saving Tips on Home Loan Using a Loan Prepayment Calculator

Money Saving Tips on Home Loan Using a Loan Prepayment Calculator

With increased government initiatives to boost the residential real estate sector, housing credits are expected to register double-digit growth figures over the coming years. It is ideally coupled with the escalated affordability of the citizens to purchase residential spaces owing to incentives like the PMAY. A crucial role is also played by financial institutions across...

fixed deposit

Why Fixed Deposit Works For The Long Term?

Fixed Deposit A fixed deposit is a term financial instrument that is offered by NBFCs and banks where people can deposit their lump sum money for a fixed tenure and get a higher rate of interest than a regular savings account. It assists one in saving taxes. Before unlocking the secret of why FD works...

Is a Post Office Fixed Deposit Good for your Future

Is a Post Office Fixed Deposit Good for your Future?

The Reserve Bank of India’s 5 consecutive repo rate cuts brought the rates down to a significant low of 5.15%. It has thus made loans and advances affordable for households as well as the corporate sector in India, thus increasing their propensity to spend. On the flip side, a downward trend in savings and investment,...

What impact a credit score can have on loans

What impact a credit score can have on loans?

The role and impact of credit score on loans you avail are significant. A credit score is a three-digit numerical figure that reflects your creditworthiness. You can easily check credit scores online on various platforms that provide the feature of free credit score checks. If you are opting for a new loan, then credit score...