Abhishek Singh
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Sunita is 38 and sitting at her kitchen table with her expense diary open. Her mother-in-law is scheduled for a knee replacement in ten days, and the hospital estimate after insurance comes to Rs 2 Lakh, with a deposit of Rs 60,000 needed within three. The Rs 60,000 in her account is set aside for next month's school fees, which means dipping into it creates a different problem in four weeks. Running her finger down the household column, she wants to know what a Rs 2 Lakh loan would actually cost each month before she opens an application.
Ever wondered what you’re really signing up for when you take a loan? Financial obligations in loans go beyond just borrowing money. They’re the commitments you make...
Rahul had taken a personal loan two years ago to fund a family emergency. He paid his EMIs diligently for 18 months. Then came an unexpected job loss. Struggling to keep up, he called his lender and asked: “Can I just settle the loan?” The lender said yes - for a reduced amount. Rahul thought he had dodged a bullet.
Rahul applied for a personal loan and felt confident about its approval. After all, he had a strong 796 credit score in one app. However, when the bank checked it, the score was a bit..
Ramesh needed funds, but there was no lending option available to him. When he researched his options, he learned about microcredit.
Ravi runs a small grocery store in a busy lane where most customers pay through UPI. He checks his phone after every transaction to confirm the payment. One evening, a customer shows a success screen, but the amount does not appear in his account.
Mr. Rao booked his dinner order through an app and confirmed the transaction using his UPI PIN. This security measure is part of the 2FA rule, which has been initiated by the RBI for digital payments.
When you check your credit score, your credit mix is one factor that influences it. And so, whenever you look for ways to improve your credit score, you get a suggestion to improve your credit score. Now, what exactly is credit mix?
VaIndividuals who want to pay medical expenses or urgent repairs often apply for a 3 lakh personal loan. The interest on the 3 lakh loan varies with the loan amount.