A good CIBIL score can pave the way for easy and fast credit, whether you need funds for urgent expenses or to meet your life’s goals. While your CIBIL score isn’t the only aspect of your application or profile that is assessed by lenders, it is certainly an important one. While the score...

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Low interest rates have shifted many retail assets from the safety of bank fixed deposits to market-linked investments like bonds and debentures.   Although we do not suggest such investments for most people, due to the taxation of interest at marginal rate, borrower’s risk of default...

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The increased diversity in borrower profiles is indicated by the fact that, in 2020, 49 per cent of first-time borrowers were less than 30 years old and 71 per cent were based in non-metro locations, while 24 per cent were women, according to a joint report by Transunion CIBIL and Google...

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In case of financial emergencies, your first instinct may be to liquidate investments like fixed deposits. However, by doing so, you will be compromising on your investment goals. Typically, with liquidity in mind, you can also think of availing of a gold loan, to raise a hefty sum quickly....

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Home loans can substantially impact your financial health and even your quality of life in the long run. The lending terms you agree to will dictate how financially comfortable or distressed you are for many years to come. Finding the right EMI amount, which is feasible as well as ensures...

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Lending major State Bank of India on Monday announced a limited period 'home loan' offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards.   Accordingly, the limited period offer ends on March 31, 2021 with home loan interest rates...

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Given the current economic stagnation plaguing each sector of the economy, Union Budget 2021 was one of the most anticipated events of this financial year for taxpayers.    In an attempt to move the country out of the pandemic introduced slowdown, the Finance Minister introduced...

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Yes. You heard it right. You can easily get a loan to buy a pre-owned or second-hand vehicle of your choice.    Such loans are provided at attractive interest rates and have a repayment tenure of up to five years. Some lenders provide loans of up to 100% of the car’s quoted...

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While usurious lenders, charging astronomical interest and masquerading this as processing fees (to beat the Usurious Loans Act) continue to wreak havoc among desperate borrowers, the Union government has washed its hands off the issue. In a written reply in the Lok Sabha, the ministry of...

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The Reserve Bank of India (RBI) had stopped banks from sending unsolicited credit cards during the tenure of Dr Y Venugopal Reddy as governor. But the menace is back again and cards are being dubiously issued to people without their knowledge or consent. Moneylife has received scores of...

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If you have applied for a loan or credit card, you would be aware how a bank or non-banking financial company (NBFC) asks for a number of documents to assess your creditworthiness.   This process involves gauging your ability to repay the dues  and willingness to make repayments; the...

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Credit information companies (CICs) are independent, third-party organisations that collect financial data regarding loans and credit cards and share it with their members in a comprehensive manner. Individuals also can easily obtain own credit report, including credit score and history by...

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After the sterling groundwork of Telangana police, officials from across India are arresting app-based lenders, often linked to Chinese companies. Their ruthless recovery tactics have led to a dozen suicides and finally goaded the police into action. These ruthless lenders, charging usurious...

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Bikes are undoubtedly the most preferred modes of transportation in India. There are multiple factors that contribute to its popularity. Bikes are not only affordable but can easily help you maneuver through the traffic. This will help you save both time and money. If you have been thinking...

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A personal loan is a borrower’s boon as it can be used in an emergency or when facing a shortage of funds. Since the loan does not have any end-usage restrictions, the amount can be used to fund a wedding, travel plans, medical needs, or practically anything under the sun. You can even take a...

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The festival of Diwali (Deepawali) is here and so is the time to pamper yourself and your loved ones. Every year, millions of people eagerly wait for this festival to arrive before they make that long awaited purchase. Be it a smartphone for your father or mother, a new laptop for your sister...

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The COVID-19 pandemic has affected people across the world. What began as a health pandemic soon turned into a full-blown economic crisis, which has had a serious impact on the global economy. The virus has affected over 38 million people killing over a million of them worldwide (

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The pandemic has hit the nation hard, where it hurts the most, in the pockets. This is quite evident based on a recent survey conducted by the Economic Times on the impact of COVID-19. The survey reports that roughly 39% of the 3,074 respondents said that are facing a salary cut in their...

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Most people avail loans to buy a car, buy a house, for higher education or for other personal reasons. Loans often help us complete important life goals even with inflation on the rise. Equated Monthly Instalments or EMIs form a part of repayment of the loan that we have availed. It is a...

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Many people are not aware of what the Credit Information Bureau India Limited (CIBIL) score is and its importance in seeking a personal loan. Deemed as an essential measure of creditworthiness, the CIBIL score or more popularly called credit score is one of the most important eligibility...

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