Taking a loan with a partner may increase the chances of loans getting approved. Also, you get to share the number of instalments which you would have to pay once the loan has been disbursed. But, as the management says, “Be wise”. Just do not pair up with anyone in order to avail the loans.
Author Archives: abhimanyu
11
Jul
Jul
Applying for a loan and getting one is quite easy compared to how it used to be. With the use of technology everywhere today, all the work is done in a matter of minutes! Using technology not only saves time but also the paper and processing cost. There are different technologies used by various organizations
28
Jun
Jun
Considering the protection of the individual information including the statistic and biometric data specified on the Aadhaar card, UIDAI has of late chosen to think of one of a kind element, named as Virtual Aadhaar ID. One of the major benefits of this new process is that it will let organizations fetch only the information
22
Jun
Jun
Belonging to an Indian middle-class family all through my life, I have been very careful about managing my expenses in proportion of my earnings. I always made sure to put some part of my earnings into my savings account and accordingly manage the spending. But no matter how much you plan your finances in advance,
Technology
Sharing a Mutual Support System -Digital Lending & Indian Economy are Growing Faster than Ever
19
Jun
Jun
As per a recent report shared by World Bank, India is all set to regain its position as the world’s fastest growing major economy as “factors holding back growth in India fade”. Indian economy is advancing to 7.3 per cent this fiscal year and 7.5 per cent in the next two. The bank’s Global Economics
14
Jun
Jun
In the past few years, India has witnessed a drastic change in consumer aspirations and spending behaviours. Earlier, people used to have a conservative financial outlook. They were extremely cautious about their spending and used to manage their finances to save for emergency situations and for other big spends such as buying a house or
13
Jun
Jun
To ditch the hustle-bustle of daily life and to relieve yourself from the everyday stress, it is very important to travel to your favourite destination. Travelling is one of the best ways to break the monotony of life. It is a highly productive way to de-stress and de-clutter yourself of life’s problems. The enriching experience
24
May
May
About 1.2 billion people have an Aadhaar number today which is about a whopping 99% of the adult population of our country. Launched by UIDAI a decade ago, Aadhaar is apparently forming the world’s largest biometric identification system. The reign of Aadhaar has successfully stayed too long and is giving citizens another benchmark to embark
07
May
May
A few years ago, more than half a billion people in India had no official ID of any kind which made it impossible for them to receive government aids, open a bank account, avail a loan, get a driving license, and so on. Also for availing services like personal loans, or opening a bank account
04
May
May
A few years ago, the lending process in India was cumbersome where one had to make multiple visits to the bank, stand in long queues, bring an endless number of documents and proofs for verification and then wait for weeks to hear from the bank. Does it sound feasible in the busy times today? In
26
Apr
Apr
India has shown significant growth in economy in the past few years. But the economic inequality is still far exceeding India’s economic growth. According to the Oxfam survey*, the richest 10% of Indians own 80% of the country’s wealth, which is of course huge. Online lending – Home Credit Leading NBFC’s Impact of the Widening
24
Apr
Apr
According to a latest report* India is all set to overtake China in 2018 to become the world’s fastest-growing large economy and since half of India’s population is middle class, there has been an exponential growth in the loan sector as well. The Bank loan growth in India** increased significantly from 4.10 percent in March
28
Feb
Feb
Life is unpredictable; you never know what it may have in store for you. Emergency situations are no different, as they come when one least expects it. It can be a fatal accident or a disease or even a job layoff. The odds of dealing with such situations with the help of money are always
21
Feb
Feb
We all need to borrow money at some point in our lives to fulfill our goals and desires. The possibility that these will require money is always high. However, many people have to run around from banks to banks, trying to fit into their criteria, queuing up, submitting various documents and doing tiring paperwork. In
08
Feb
Feb
Savings on tax is a crucial aspect of personal finance of every household. Of the multitudinous taxes on the common man, one of them, a major one, which burns a hole in the pocket, is the Income Tax. If you earn more than Rs.2.5 Lakhs per annul, then you are in the income tax net.
01
Feb
Feb
The mantra for a good financial health is to save money from income and then go about your monthly expenditures. However, we know that inflation, as well as the standard of living, is increasing day by day, thereby eroding the value of your savings. Thus, it becomes crucial to start investing your money. Also, nowadays
18
Jan
Jan
We all want to grow rich. We work round the clock, push our limits to work over-time, and shift jobs which offer a good pay. But, no matter how much the earnings, the retail inflation, and the lifestyle inflation, coupled with an overall high cost of living burn a deep hole in the pocket. So,
31
Jul
Jul
In the era of e-commerce when we have come to accept online discounts and cashback policies as the order of the day, it was but inevitable that a digital platform for trading and investments was to follow suit. In fact, the advent of a digital platform for investments has made life easier for many investors
27
Jun
Jun
Getting your first credit card can be exhilarating as it indicates you have finally arrived. With no requirement to pay cash immediately, the tendency to swipe your card to buy almost anything can be very tempting. But if you are not careful, it can also wipe the smile off your face. There are a certain
13
Jun
Jun
Financial flow in everyone’s life is different than what we think. But we have all those bad spending habits that break the budget on a monthly basis. Here are 6 suggestions you can adopt in your daily lives to keep a check on your monthly budget. GET RID OF STUFF YOU DON’T USE:- Take a
11
May
May
While it is true that we definitely learn from our mistakes, but a mistake every time cannot give you again an option to stand. And especially when it is something related to the financial part, it hurts and probably a lot. In order to avoid such mistakes, it is very essential to do your calculations
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