Why take Loans only from RBI registered NBFCs and Banks
The following are the reasons to take loans only from RBI registered NBFCs and Banks: 1. Regulation and Oversight Loans from RBI registered NBFCs and banks are regulated and overseen by the Reserve Bank of India (RBI). This means that they are subject to strict guidelines and regulations that help protect consumers from predatory lending […]
How one of our customers did his credit score repair successfully – read his story.
Sunil had always been a responsible borrower, but a string of unexpected expenses had put him in a difficult financial situation. His credit score had taken a hit, and he was struggling to get approved for loans and credit cards. Determined to turn things around, Sunil began researching ways to improve his credit. He read […]
Loan Restructuring Process
What Is Loan Restructuring? Although loans typically have a certain payback period, owing to events like the current pandemic, borrowers may find it challenging to repay their loan together with the interest rate. Instead of permitting borrowers to fall behind on their payments in such cases, financial institutions can implement measures that make repayments simpler with […]
Impact of GST on Personal Loans
Taxes are levied on all products and services purchased and sold in India. All loans, including personal loans, follow the same rules. This is so because banks and other lending organizations provide loans to borrowers as a service. The Goods and Services Tax (GST) is the country’s greatest tax reform. It was created with the […]
Importance of Employee Financial Wellness
Why Financial Well-Being Is Important Your workers’ personal and professional lives and, consequently, your business are negatively impacted by financial hardship. Some of the factors that make financial security vital are outlined here. 1. Attendance and Absence Financial stress increases absenteeism and tardiness by 34%, according to the Society for Human Resource Management. When compared […]
5 Best Loans For Freshers
A good Credit score reflects good repayment history of an individual and it is one of the most important parameters for loan sanction. Few lenders provides you with the opportunity to improve your credit rating, as we have flexible loan options available for customers without any credit history or score. You can get a personal […]
What are the disadvantages of PayDay Loans or Cash Advance Loans in India ? Borrowers Beware!
Payday loans, also known as cash advances, are short-term loans that are designed to help borrowers get through financial emergencies. While these loans can be helpful in certain situations, they also come with a number of disadvantages that borrowers should be aware of before applying. High Interest Rates One of the biggest disadvantages of payday […]
Loan Settlement and How it affects your Credit Score?
Settlement of a Loan is frequently confused with loan closure. But because they are two distinct concepts, they have differing effects on credit scores. The loan account will naturally terminate once the loan has been repaid if you make your monthly payments consistently and on time during the duration of the loan. The same information […]
The Importance of a Good Credit Score
A CIBIL score is a three-digit figure with a range of 300 to 900. It assesses your capacity to pay back the loan. A score between 750 to 900 is considered to be optimal. For easier access to credit products like loans and credit cards, your score should be closer to 900. The higher your […]
Small Business Loans in India 2023
The worldwide impact of the Coronavirus epidemic is still seen today. Changes are taking place in our everyday lives, both at home and at work. In today’s society, the business world has already changed significantly. The current epidemic is pushing small businesses in India and throughout the world to get notoriety like never before. Small […]