As the use of credit cards continue to grow among Indians especially the young generation, the danger of credit card information falling into the wrong hands. Through the use of simple precautionary steps like using a difficult password/using an OTP, ensuring that you use your credit card for online purchases at reliable merchant website,using secure […]
There’s a proverb which says, "The art is not in making money, but in keeping it”. Nowadays, looking for a place where you can grow your money without any risk might be difficult but finding the best savings accounts for your money is not.These accounts are among the most preferred way to keep your extra money. […]
how to sell mortgaged property in india? how to buy a mortgaged property? *Read here: Tips and Tricks to Buy/sell a Mortgaged Property in India.
For those who are accustomed to swiping their credit cards at every turn, the thought of living without “plastic money” can be quite daunting even scary. Others are of the opinion that possessing a credit card can bring one a lot of temptation and result in poor expense choices. However, there are certain things which […]
A 27 year old man has got his first promotion, and decides to buy a car. After all, who does not crave the comfort of suede seats and air-conditioning, instead of sweaty buses and long queues at ticket counters? However, instead of spending a large chunk of his savings on one purchase, he decides to […]
Bandhan Bank has reduced its interest rates on micro loans from 20.5% to 19.9%, effectively, a 0.6% reduction. This was the third consecutive reduction since the micro financial institution started its operation as a Universal Bank in August 2015. The first reduction came up immediately after the transformation, when the micro lending interest rate was […]
ESAF Microfinance, a Kerala-based micro finance institution, has applied for the final licence to start up a small finance bank. ESAF Microfinance had received in-principle approval for setting up small finance banking operations last year. AG Varughese, the executive vice-president of ESAF Microfinance, said that they have already submitted an application to the Reserve Bank […]
Credit cards are one of the most revolutionising inventions of the banking and financial industry. They have not only simplified our life (‘coz of the no-need-to-carry-cash trend) but have also come up as a fall back option in times of financial emergencies. But there is also the downside. With our over-dependence on credit cards, we […]
Holding multiple bank accounts and keeping tabs on all of them is no easy task. Not only can it create confusion and lead to mismanagement, but accounts that do not feature regular banking activity are automatically deactivated by banks. Incorrect management such as non-maintenance of minimum average/ quarterly balance in your banking accounts can also […]
Firstly, based on good repayment track records, your good credit score, etc. you as a borrower could try and renegotiate with your current lender to let you avail lower home loan interest rates. In case your bank does not oblige, transferring the home loan to a new borrower becomes the best option.
