Blogs.

More than 9,000 NBFCs were registered with the Reserve Bank of India in 2024, and that is before you even count the banks and the lending apps. So when you set out to borrow, you are not short of options. If anything, you are drowning in them.

The phrase "NBFCs" may seem a little technical to those who are first introduced to it. These are not full-fledged banks. They are financial firms that offer loans and other credit services. They now play a significant role in lending in India, particularly for those who require more flexible qualifying requirements and faster access to loans.

Need funds for a major expense but want better terms than a regular personal loan? Understanding what a collateral loan is can help.

Not long ago, borrowing meant a branch visit, a folder of photocopies and a wait of several days to hear anything back.

A lender puts 10% interest on the offer letter and most borrowers nod and sign. What that 10% is actually calculated on, the original loan amount or the outstanding balance, is the question almost nobody asks.

Taking a personal loan is the easy part. Managing the EMIs, month after month, is where the real work begins.

You look at your bank balance in the middle of the month. You think about where your salary went. This happens to a lot of people. The 50/30/20 budget rule is a way to stop feeling bad about how you spend your salary.

Every month, a slice of your salary vanishes into something called “PF”. It’s easy to treat it as just another deduction, but that deduction is quietly building your retirement corpus, tax-free. Understanding PF in salary, such as what it means, how it’s calculated, and when you can withdraw it, helps put you in charge of your long-term financial health. Let’s decode it without the jargon.

Clearing your loan repayments is an important financial milestone. But there is one more document that helps officially close the loop: a loan NOC. Many borrowers overlook it, even though this certificate can help maintain accurate records and avoid issues in the future.