Getting a Personal Loan with a Credit Score of 650

If you are planning to apply for a personal loan for CIBIL score of 650, you may wonder whether lenders will approve your request. The good news is that a score of 650 is still considered fair. Your income, employment stability and overall repayment capacity also play a major role in the decision.  While a …

What is IMPS? How to transfer money using IMPS

Knowing what is IMPS (Immediate Payment Service) beforehand makes it easier to execute hassle-free fund transfers from the comfort of your home. With the rising popularity of electronic banking, IMPS stands out due to its real-time transfer capabilities. In addition, you can use this option to execute interbank transactions through multiple channels.  Read on to …

Punishment for Non-payment of Personal Loans in India

Taking a personal loan can ease your financial burdens, but defaulting on repayment can be a serious issue. Many borrowers wonder: ‘Can I go to jail for not paying online loans’ in India?   Let’s explore the legal consequences of non-payment, understand the rules and rights of both lenders and borrowers and learn how to navigate …

Personal Loan for Corporate Employees: A Quick Guide

A personal loan for corporate employees is an easily accessible and popular credit option. This unsecured loan is customised for employees of large organisations so that you can get it quickly and affordably. Whether you are a government employee or working at an MNC, you can manage sudden and planned expenses without burdening your budget …

Best 10 Tax-saving Investments You Can Choose in 2024

Choosing tax-saving investments has dual benefits: You can choose from various government and private options, which allow you to invest as per your goals and availability.  However, before you decide on any investment option, there are two important strategies you must consider: Read on to learn about top investment options, how much investment is needed …

Here are 8 easy financial planning tips for young professionals

Smart financial planning is crucial for all young professionals because of fluctuating financial standing and inflation rates. Doing so enables you to:  Save for financially demanding times Build a fund for retirement Grow your wealth Saving from your income Invest additional funds regularly Build better saving habits Provide security against inflation and more With these …

What is Merchant Banking: All you need to know

Merchant banking is a crucial aspect of the financial ecosystem. Currently, there are over 200 SEBI-registered merchant banks that provide a wide range of services to their clients. These banks are very different from regular banking and from other financial institutions in several ways.  They provide services to large/mid-size businesses, high-net-worth individuals (HNIs) and institutional …

WhatsApp Banking – How to use, registration, benefits and more

WhatsApp banking is now a basic facility offered by the majority of banks. Since its launch in 2020 in India, banks have partnered with Meta-authorised Technical Service Providers to extend their services on this messaging app.  Attributing to its convenience and instant processing, it is now growing in popularity as a banking option. For instance, …

Vostro Account: Meaning and Other Important Points You Should Know

A Vostro account allows banks to extend their services to customers when they are travelling abroad. Since a bank can’t have branches in every city of every country, this is an effective solution that helps customers residing outside the country.  Knowing about these banking services allows you to choose and open an account in a …

How To Transfer Money From an ATM Card to Another Account?

Wondering, ‘Can I transfer money from an ATM?’, the answer is yes and this option can come in handy when you don’t have internet access and don’t want to make a branch visit.  Moreover, it’s an easy process very similar to withdrawing cash. That’s not all. Most banks also provide a plethora of services, making …