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...
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 value. You...
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...
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...
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...
