Author: TI Editor
In India, instant personal loans, often disbursed within 10 minutes—have surged in popularity due to their swift approval processes, rapid growth in information and technology tools and minimal documentation requirements.Now, this rapid access to credit has been facilitated by digital lending platforms and fintech innovations. However, concerns have arisen regarding the safety of these loans. Issues such as unregulated lenders, unfairly high-interest rates, and data privacy risks have been highlighted by financial authorities and consumer rights organisations.Aspirational borrowers are advised to exercise caution and thoroughly understand the credibility of the lending platforms they are interacting with before proceeding. The management…
If you are looking for a loan in the near future, it is vital to have a strong credit score. Generally, a credit score above the level of 700 is believed to be good, which not only helps you secure a loan but also get it at a lower rate of interest.Therefore, a credit score below 700 can be a stumbling block in procuring a personal loan. As your credit score continues to slide, the situation turns from bad to worse.Remember that it becomes a cause of concerns for a prospective borrower when the score falls below the level of 600. In…
Coaches from other sports, too, echo Gopichand’s concern. Delhi-based Sandeep Gupta, Dronacharya awardee and head coach at Stag Table Tennis Academy, said even the training leading up to the sports career is quite expensive. “Sports like badminton, table tennis and tennis are costly sports. For instance, one pair of rubbers in a table tennis bat alone costs ₹15,000 and must be changed every month. Coaching and travel expenses are additional costs,” said Gupta, who has coached table tennis Olympians Manika Batra and Neha Aggarwal. Hyderabad-based Meera Khandelwal, who is training her daughter Tishya Khandelwal to be a tennis player, knows…
Personal loans: If you are planning to raise a personal loan it is important to note that this should be meant for something important. Some of the key reasons for raising a personal loan include an emergency, home renovation, tuition for higher education and to host an important function such as a wedding or a reception.Most of these expenses are unavoidable and therefore it is not uncommon to raise a personal loan for any of these.Meanwhile, it is recommended to refrain from taking out a personal loan for avoidable expenses such as going on a trip or indulging in a recreational activity.Avoid loan for…
Imagine logging into your insurance account, only to find a stranger’s policy details displayed instead. To make matters worse, imagine the stranger being mistakenly listed as your spouse. For at least two policyholders of ICICI Lombard, this wasn’t a bizarre hypothetical situation; it was a shocking reality, raising serious concerns about data security at one of India’s leading insurers. Shocking mix-upWhen Germany-based Arijit Patra logged into ICICI Lombard’s website to check his insurance policy details, he was in for a shock. Instead of his own policy, he found details of an unknown woman. “It was a two-wheeler policy, and details…
Discretionary portfolio managers have grown by ₹4.26 lakh crore since then. And even mutual fund investors have discovered the power of risk-adjusted returns through categories such as balanced advantage funds ( ₹2.9 lakh crore of assets under management) and multi-asset funds ( ₹4.33 lakh crore of AUM). The Securities and Exchange Board of India recently notified a new asset class: the Specialised Investment Fund (SIF), which, with a minimum investment of ₹10 lakh, sits between mutual funds and portfolio management services. And I’m just as optimistic about this new asset class as I was when I created the first AIF…
Bank fixed deposits have been the most popular place in India for decades to invest short-term funds, but liquid funds are now emerging as one of the top substitutes.To make effective investment decisions, it is important to know the manner in which liquid funds will prove to be more advantageous for investors than bank deposits. Even as FDs guarantee return certainty, liquid funds can still provide higher liquidity, and in certain cases, tax efficiency too. Read on to know more:Understanding the basics of liquid fundsFirst, let us know what liquid funds are. They are a mutual fund investing predominantly in…
Did you apply for a credit card and it was declined because of a poor credit score? Else, you want to apply for a personal loan and realised that your credit score is too poor to make the cut.If that is the case, be aware that you are not alone. There are a large number of users who face this problem of either poor credit score or a bad credit score.There could be multiple reasons for this. Here we list out the key reasons for this.I. Lack of financial literacy: Many people are unaware of how credit scores work, how…
Those who like to claim discounts and offers given on credit cards are always curious to know which offers will last for how long. Here we list out the offers given on BOBCARD ranging from discounts or cashbacks on movie ticket bookings to online shopping and flight bookings, from food aggregator app to the travel booking.Let us find more on the discount offers that will be valid till the end of this month.BOBCARD: 10 discount offers available till March 311. There is a discount of ₹1,200 on international flight on Adani One. This is valid every Monday and Tuesday.2. Flat ₹2000 discount on…
Before you subscribe to a credit card, it is vital to understand its key features. Some cards are considered good for shoppers, while others could be ideal for movie goers. There are some credit cards that align with the needs of travellers while some cater to those who prefer to go to fine dining restaurants often.Therefore, before subscribing to a credit card, it is important to understand its key features. Here we list out some of the top five lifestyle cards offered by top banks including HDFC Bank, Kotak Mahindra Bank and Axis Bank.5 famous lifestyle credit cardsI. HDFC Bank Millennia Credit Card: This credit card offers 5…