BUSINESS
All you need to know about peer-to-peer lending platforms
P2P lending platforms connect borrowers with individual lenders, who come together to meet the borrowers’ loan requirements
BUSINESS
Pre-approved loans on your fingertips: Should you go for credit line when in need?
Credit line loans can be a blessing when used wisely but can turn into a nightmare if used indiscriminately.
BUSINESS
P2P lending still a nascent concept given the huge demand for consumer credit: RupeeCircle's Ajit Kumar
Key factors lenders must check while registering on P2P lending platforms are credibility of peer-to-peer lending platforms, understanding the risk and return trade-off, ease and simplicity of investments on the specific platform
BUSINESS
Explainer | RBI expands tokenisation facility to card-on-file tokenisation services
The RBI has now made tokenisation feature formally available to all card networks. This feature is only available for purchases if you buy through your mobile phone or tablet.
BUSINESS
Availing a loan for your marriage? Keep these key points in mind
Compare wedding loan offers from multiple banks and NBFCs then choose the offer that most suits you. There can be significant savings in interest, processing fees and other charges by comparing and choosing the loan scheme carefully
BUSINESS
Explainer | Fixed interest rate vs floating interest rate
Banks offer loans on fixed interest rate and floating interest rates. So, often borrowers are in dilemma which interest rate to select while applying for a loan.
BUSINESS
'#AapkeHisaabSe': HDFC Bank’s car loan repayment scheme. Worth it or a gimmick?
The drawback of a step-up scheme is that you may end up taking a higher EMI commitment based on future income, which is uncertain.
BUSINESS
Outlook 2019: How developments in 2018 will influence banking, fintech services
According to an RBI directive, retail loans will be benchmarked to an external rate effective April 2019 which is expected to bring more transparency.
BUSINESS
Beware of frauds! Here's how you can avoid getting tricked by scamsters
It’s advisable to review your monthly credit card and bank statements for any unauthorised and sham transactions.
BUSINESS
Credit card usage at all-time high: Know the risks involved while using it
Those who exceed 40% of their credit limit frequently should request their card issuers to increase their credit limit based on eligibility.
BUSINESS
Year 2018 for retail banking, fintech: Loan pricing to get transparent; RBI saves Indians from crypto collapse
Loan disbursements took a hit due to the IL&FS crisis, but borrowers rejoice as loan rates get transparent in 2018.
BUSINESS
Axis Bank's new home loan aims to reduce interest cost; will borrowers benefit?
The new scheme, called QuickPay, involves paying higher installments in the initial years, which may not suit everyone.
BUSINESS
Indians' individual wealth grew 14% in FY18 boosted by financial assets: Karvy
The higher income levels of millennials have led to increased household savings which is making their way to the financial assets through mutual fund route.
BUSINESS
Interview: Can Suryoday Small Finance Bank sustain its 9% FD rate?
R Baskar Babu, MD & CEO of Suryoday Small Finance Bank (SSFB), talks about the bank's nearly two-year journey, challenges and opportunities for small finance banks and whether they have been able to achieve the RBI's objectives.
BUSINESS
CPSE ETF's third fund offer opens on Nov 28; should you invest?
It is unlikely that CPSE ETFs will outperform Nifty in the long run because of the nature of public sector organisations where it invests.
BUSINESS
Worried about ATMs shutting down? Here is how you can adopt online payment methods
Instant transfer directly to bank account is the biggest plus point of using UPI, compared to other cashless modes.
BUSINESS
Applying for a home loan? Stay away from the flat interest rate trap to save money
A flat interest rate is a gimmick by lenders to lure customers into taking a loan without actually allowing them to understand what the entire scheme is all about.
BUSINESS
Why you should not ignore travel insurance
Multi-trip travel insurance is ideal for businessmen, corporates or entrepreneurs who keep travelling for work or individuals travelling more than 3 times a year.
BUSINESS
Fund review | Aditya Birla Sun Life Tax Relief 96: Ideal ELSS for tax saving and wealth creation
Investors closer to retirement shouldn’t invest in this scheme for tax-saving purpose.
BUSINESS
Children’s Day special: Financial planning tips for parents-to-be
Review your existing term insurance cover and it should shield future expenses of children goals from uncertainty.
BUSINESS
HDFC Children's Gift Fund: An ideal gift to secure your child’s future
The fund has allocated 65.42% of the total corpus to equity, 17.06% to debt, and 17.5% to cash as on September 29th, 2018.
BUSINESS
Defaulted on home loan EMIs: Know your rights in case debt collectors knock at your door
If the default continues for six months, banks give the borrower a two-month grace period to regularise the repayment.
BUSINESS
Reliance Arbitrage Fund: Conservative investors can invest with a 6-12 month time horizon
Arbitrage funds are currently popular thanks to their recent performance.
BUSINESS
Key things you need to know before becoming a co-signer for any loan
Avoid co-signing the loan if you have variable income or multiple financial commitments
