Interest rates explained: Credit cards and Fibe

Millennials largely depend on credit and borrowed money, far more than the preceding generations. Weekend vacations, buying a car or even sudden shopping trips may often not fit into their monthly salary. Financial institutions have long identified this problem and come up with several alternatives depending on the amount you need to borrow, the income …

Credit Cards VS. Instant Cash Loans

You can get instant cash on a credit card or apply for a personal loan to help you manage your planned or unplanned financial requirements. Before choosing any option, consider the interest levied in both cases. With instant cash loan and online personal loan becoming increasingly popular, you can get funds from the convenience of your home. …

A Detailed Guide to Income Tax Deductions in India

Getting your salary is a wonderful feeling. It makes you feel rewarded for all the hours of dedicated work that you put in. But the happiness fades away when a large chunk of your hard-earned income gets converted into tax. It is essential to figure out how you can avoid that high deduction in tax. …

Overdraft Facility (OD) – Features, Process to Apply & How it Works

An overdraft facility lets you borrow extra money from your bank, even if your balance is low. It works like a short-term credit line linked to your account. You can use the funds for urgent needs like bill payments, medical expenses or business cash flow. For answers to the question, “What is an OD loan?” …

Celebrating Valentine’s Day with Early Salary

It’s the time of the year when promises are made new beginnings are carved, and bonds are strengthened. It is the Valentine’s week. This is the week where people express their love for each other. This is the time when people exchange gifts with each other to showcase their affection. However often we find ourselves …

What is Allowance in Income Tax and its Types?

As a novice taxpayer, understanding what the connection between your salary and allowances is essential. An allowance is a part of your salary structure that the employer pays at regular intervals. These allowances are added to your salary and taxed under the salaries as per the Income Tax Act guidelines. Tax-free allowances in salary are …

How to Repair Your Credit Score?

Before conversing about fixing damages to the credit score. Let us talk about a good credit score. We often ignore credit score while applying for loans, and many of us unaware of the low score, until the lender rejects our application and informs us. We should not turn a deaf ear towards our credit score; …