Rahul: I am relived; finally my home loan from ABC Bank for a Rs. 25 lakh got sanctioned.
Akash: I also got a loan sanctioned from them a week back for the same amount.
Rahul: Oh really! for how many years?
Akash: For 15 years, at 9.75%.
Rahul: Mine is also the same duration but how come I am being charged a higher interest?
Credit counselling is an effective way to understand and manage your finances better. Additionally, it also educates individuals on how to control and manage debt.Learn more
These days there are a lot of awareness campaigns going, on the impact and importance of maintaining a high credit score. There is a burst of write ups everywhere in the media that are warning prospective borrowers to maintain satisfactory credit scores or urging them to improve credit score lest the lose out on a chance to borrow credit when they are in requirement of it, at competitive rates of interest.Learn more
Microfinance is a source of financial services including savings accounts, insurance and credit for entrepreneurs and small businesses lacking access to banking and related services. [Source: https://en.wikipedia.org/wiki/Microfinance] The self-regulatory organisation Microfinance Institutions Network (MFIN) was set up in 2009 in consultation with the Reserve Bank of India (RBI), as a controlling body for MFIs. As of March 31, 2014, 48 of the leading NBFC- microfinance institutions (MFIs) are present in 488 of India’s 640 districts, covering 26 states and 4 union territories. [Source: http://mfinindia.org/our-members/]Learn more
Credit Sudhaar is India’s premier credit health management company. Founded in 2010, it has grown significantly since then, contributing to making the country credit healthy. The company has its presence across various locations and offers a range of services for individuals. It is registered as an NBFC with the Reserve Bank of India.Learn more
Traditionally men are associated with financial management and all matters related to money. However in today’s world most women would be offended with this notion. In current times women are financially independent and make their own financial choices or are equal participants in all money related decisions in a family.Learn more
We all have heard the common adage "a stitch in time saves nine" but nevertheless tend to forget it when we overlook small things erroneously or deliberately. Building a credit score takes time, both small oversights and big blunders tend to impact your credit score negatively. Once you credit score has been spoiled for whatever reason it pays to remember that it can be restored but the keywords are "patience" and "time"; after all nine stitches will take time!!!Learn more
A low or ‘bad’ credit score need not signify the end of one’s financial dreams. With some financial discipline and patience, it is indeed possible to better your credit score.Learn more