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Personal loan: It offers flexibility for various needs but come with high interest rates and potential debt traps. Careful financial planning, paying off debts, and maintaining a good credit score are essential for eligibility and approval of these . ...

Credit cards enhance shopping by offering deals and discounts, especially co-branded ones like Amazon Pay ICICI and Flipkart Axis. While they provide rewards, caution is needed to avoid overspending and potential debt. Evaluate your financial needs . ...

CIBIL score: To secure a home loan, a minimum CIBIL score of 725 is needed, with scores above 750 preferred for better terms. Maintaining timely bill payments, monitoring credit reports, and managing debt are crucial for improving creditworthiness .. ...

Instant loan apps simplify personal loan applications, making them faster and more accessible. Users can complete the process via an app but should be cautious about borrowing too much and verify lender credibility to protect their finances.

Personal loan is typically offered at a fixed rate of interest. It is, therefore, important to raise it at a time when the interest rates are hovering at a low level ...

The first-time borrowers are recommended to use the EMI calculator to calculate the exact instalment they need to pay in order to repay the loan during a period of time ...

A resident taxpayer sold a house for 1.25 crore after purchasing it for 1 crore. Due to changes in capital gains taxation, they will not owe tax on the house sale but will pay 12.50% on long-term gains from listed shares after the initial 1.25 lakh . ...

A Systematic Withdrawal Plan (SWP) enables retirees to withdraw a fixed amount from mutual funds at regular intervals, providing a steady income while maintaining tax efficiency. It allows for flexible adjustments to withdrawals based on financial .. ...

Axis Bank has announced several changes in its credit card rules starting December 20. Finance and interest charges applicable to credit cards will be levied at a revised interest rate of 3.75 per cent per month from the current 3.6 per cent.

Instant loan apps can offer quick financing but may also pose scam risks. Avoid apps demanding advance payments or excessive personal data. Ensure the app is RBI-registered, check reviews, and read terms carefully to safeguard against fraud.