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Many people look for value, performance, and trust when buying a smartphone. That’s exactly what an Indian phone company offers. Even before the ‘Make in India’ initiative, Indian smartphone brands were making affordable, feature-rich phones. Today, the Indian mobile market is bigger than ever, with options for every budget. Read on to explore the top …
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Do you know the meaning of deferment? In banking, it is a type of agreement that allows you to delay the payment to avoid immediate financial strain. Many loans and investment options work on this principle to help you manage cash flow. Read on to better understand the meaning of deferred payment and why it …
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A credit card grace period is the interest-free time between your billing cycle end date and the payment due date. If you pay your total outstanding amount within this period, you won’t be charged any interest on your purchases. Depending on the card issuer, the grace period can range from 20 to 50 days. For example, if your statement is …
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Electric vehicles (EVs) are getting quite popular nowadays. If you’re planning to switch to this type of vehicle, you can get an electric vehicle loan easily. Many financial institutions including leading banks and Non-Banking Financial Institutions (NBFCs) provide financing for this type of vehicle. By getting vehicles that run on electricity instead of traditional fuel, …
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You can easily get a loan for solar panel installation and generate electricity. With rising inflation, these substantial electricity bills can be quite difficult to handle. Because of this, you may have to compromise on your electricity usage. By installing solar panels, you can avoid this as it will help reduce your bills significantly. Read …
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To calculate the CIBIL score, TransUnion CIBIL assesses many factors that have a direct impact on credit health. This score is also a reflection of your ability to handle the borrowed amount and repay it on time. As such, financial institutions give it a lot of importance and weightage when assessing your applications. Knowing how …
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A hypothecation loan is a standard option for borrowing money against a valuable asset available in your possession. Backed by collateral, this secured loan allows you to acquire a high-value sum at a comparatively lower interest rate than unsecured loans. With this option, you do not have to hand over the deeds or the rights …
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Using a digital wallet has made it simple to transfer funds and make online payments to a majority of merchants. These wallets are simply an extension tool to store funds, so you can make payments without carrying your physical card everywhere. This not only increases your security but also makes one-tap payment easy. Since everyone …
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If you are planning to purchase a property or take a secured loan, understanding the difference between mortgage and collateral is important. Although these terms are often used together, they have different meanings and purposes. Collateral is an asset offered as security against a loan. A mortgage, on the other hand, is a legal arrangement in which an interest in specific …
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This guide defines borrowing and lending, explains who borrows and lends in India, and breaks down the role interest plays for both sides of a transaction. You will also find a side-by-side comparison table and a real-life example to see how the difference between borrowing and lending plays out in practice. Read time: about 5 …
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