MCLR (Marginal Cost of Funds Based Lending Rate) was introduced by the Reserve Bank of India (RBI) on Apr 1, 2016, to help tackle problems that are related to the base rate regime. The main aim of MCLR is to help you (borrower) avail of various loans such as home loans, etc., at the RBI’s […]

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To restore every individual’s confidence in the digital lending ecosystem, the Reserve Bank of India (RBI) has released a set of guidelines for digital lenders. Before discussing about the guidelines, let us look at the list of digital lenders diversified into three categories by the RBI:  Entities that are regulated by the RBI and are […]

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When you are in dire need of funds and want to borrow money, then a personal line of credit can be your solution. Your lender charges interest only on the amount you borrow and are required to pay the borrowed amount and the interest in regular instalments. With a personal line of credit, you can […]

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Time Password or OTP is a security measure developed for safe transactions. Since OTP is a time-bound security step, it has gradually become a mandatory or most used security step in e-transactions. It’s working great however the scammers have found a way to extract OTPs from the users to con them financially. Why is OTP […]

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Credit Information Bureau (India) Limited (CIBIL), is one of India’s leading credit information companies. CIBIL comprises 2,400 financial members including banks, non-banking finance companies (NBFCs), housing finance companies and other financial institutions and holds credit information of more than 550 million Indians. So, if you are having a credit history by availing loans and credit […]

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A personal loan can be a quick credit help in an emergency or a cash crunch since no reasons to avail one. Almost every lender is now available online, and you can quickly access a personal loan anytime. While this can be an easily accessible credit help, it’s important to keep a watch on the […]

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One of the sound financial habits is to maintain a credit score in a good shape as it helps build your creditworthiness. Both credit score and credit report are taken into consideration while assessing your financial health, but do you know that both differ in determining how you have managed your credit in the past. […]

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Emergency cash needs come unannounced, and a personal loan can attend to them well. A personal loan is a cash aid extended by banks, NBFCs, and some private lenders that you can use for all your miscellaneous expenses. A personal loan can be both secured and unsecured, and it’s great if you get one without […]

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Are you paying your loan EMIs, credit card debts, or any other loan on time? Because your credit score is considered at this juncture! But do you also know that your credit score can be benefited from timely service and utility payments as well! Remember that your household bills will not be included in those […]

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Are you someone who is earning enough but still has a hand-to-mouth situation, or do you often question yourself, “Where is all my money gone?” or a month-end cash crunch is your routine? If so, it’s high time to manage your money! But how can you do that? Well, here are 8 money lessons for […]

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