The tax benefits on Top-up loan include a deduction of up to Rs. 1.5 lakhs on the principal repayment under section 80C. However, if the property is sold within 5 years, the tax benefit will be overturned. The second benefit is a deduction up to Rs 2 lakhs on the interest paid under section 24 of the Income Tax Act in a financial year
Ever since credit cards made their way into our country, their demand and usage has seen several ups and downs. Even today, you can find a group of people who love to use credit cards and a group that is completely against it. So, what is the right path? Are credit cards good or bad?…
As per media reports, the Cabinet has approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda on 2nd January 2019. This merger will be effective from April 1st 2019. Once combined, Bank of Baroda will become second largest public sector bank of the country. The government has announced that there will…
What is Khata? What is A Khata? What is B Khata?, Difference between A Khata & B Khata. Features and benefits of Khata, How to apply for a Khata?
Small business loans are short-term loans availed by companies that are seeking to raise some capital for meeting expenditures related to daily operations, equipment maintenance and purchase, raw material purchase, expansion or upgradation of business, research and development, etc. Commercial loans can provide a business with the finance that it needs for smoothly going through…
Now that you think you can manage your finances well and you need an emergency backup to meet your financial requirements, credit card is the first option that comes to your mind. The first thing you do is to apply for a credit card and immediately and there you hit the first hurdle, the limited…
Do you remember your dad’s good old travel advice to divide cash in multiple wads and keep them in different bags? This was quite a clever hack to save you from a cash-crunch if you lost your wallet. But those days of relying solely on cash are long gone. Plastic money, especially credit card, has…
The world of credit cards may seem confusing for a beginner. There are several banks offering numerous credit cards each with different features and benefits. There is not a single card that fits the definition of ‘best credit card’ as different people have different financial needs. The right credit card for you is the one…
