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Down payment—it is a term that appears a lot when you’re about to buy a big-ticket item. It comes into play when you plan to become a homeowner or car owner and sometimes even when you buy home electronics on EMI. Knowing the meaning of the down payment in-depth and how financial companies calculate it …
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There are many types of mortgage loans available in India, which include: As you can tell, property ownership documentation is central to the approval process of such loans. Even the loan’s terms and the amount depend on the value of the mortgaged property. However, one size doesn’t fit all, and the processes vary of different …
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Creditors play an important role in personal finance, business and the wider economy because they provide money, goods or services today with the expectation of being repaid later. Depending on the arrangement, credit can help a person or business fund education, buy a home or vehicle, manage medical expenses, purchase everyday goods or support business operations and growth. In a credit relationship, the creditor is …
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Understanding key terms is crucial. These terms include default and delinquent. They are important in banking for all borrowers. This is because they help you understand what happens when you miss your EMI due date. Paying your dues on time is a part of your loan contract. Thus, delinquency can have many negative consequences that …
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Open-end credit offers you convenience and flexibility. Since it is a form of revolving credit, it helps you withdraw time and again. As long as you repay dues on time, you can access credit with ease. What’s more, you can reduce your borrowing cost by paying interest only on what you use. In some cases, …
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This guide explains the difference between bond and loan financing, covering what each instrument is, a side-by-side comparison table and which option suits different funding scenarios. You will also find answers to common questions on tenure, safety and who can invest in bonds in India. Read time: about 5 minutes. Understanding the difference between loans and bonds when in …
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Your Net Monthly Income or NMI, is an important factor to consider when you opt for a loan. It is an essential component for you and the lender, as it determines your repayment capacity and loan eligibility. So, it is imperative to understand how NMI works and how to calculate it to make an informed …
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An Equated Monthly Instalment (EMI) allows you to repay a loan through scheduled instalments over an agreed tenure instead of paying the entire amount at once. Each EMI generally consists of a portion of the principal and interest, helping you spread your repayment over time. However, taking a loan also comes with the responsibility of making every EMI by the due …
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Economic growth and development are just a few outcomes of women being actively part of the formal workforce. While gender gaps in India’s labour market do exist, there has been a steady increase in women’s participation. The latest Female Labour Force Participation Rate (FLFPR) has witnessed an upward tick, with more than one-third of women …
Continue reading “Top 5 Upskilling Online Courses for Women”
Learning is an ongoing process and according to a report from McKinsey, employers value a wide range of skills. But amid the hustle of life, it can be easy to stagnate, especially if you don’t know your options. This is where courses for upskilling come into play. These are a great way to improve your …
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