Author: Nisha Chawla

Studying abroad is a dream for many students, but it comes with a high cost. Most parents and students look for education loans to manage expenses. Banks and NBFCs (Non-Banking Financial Companies) offer different loan options, each with its benefits and conditions. Understanding these options can help students and parents make the right choice. How Education Loan Amount is Decided The loan amount depends on several factors: Loan Options: Banks vs NBFCs Government and Private Banks NBFCs (Non-Banking Financial Companies) Why More Students Prefer NBFCs for Education Loans? Many banks require collateral before approving a loan, which is difficult for…

Fixed Deposits (FDs) are one of the most popular investment options in India, offering safety and steady returns. While large banks provide moderate FD interest rates, Small Finance Banks (SFBs) attract customers by offering significantly higher rates. Many SFBs offer interest rates above 9% to senior citizens, which is much higher than what major private and public sector banks provide. But why do these banks offer higher rates, and how safe is it to invest in them? Let’s understand the reasons and key factors to consider before opening an FD in a Small Finance Bank. What Are Small Finance Banks?…

Why is Gold Cheaper in Dubai? Dubai is a favorite destination for Indians who want to buy gold. One major reason is the lower price of gold in Dubai compared to India. Unlike India, Dubai does not impose GST on gold purchases, and making charges are also much lower. This makes gold significantly cheaper, attracting Indian buyers. Currently, the price of 24-carat gold in Dubai is around Rs 83,420 per 10 grams, while in India, it costs approximately Rs 88,750 per 10 grams. Similarly, the price of 22-carat gold in Dubai is Rs 77,590 per 10 grams, whereas in India,…

If you’re an employee in India, your Provident Fund (PF) isn’t just a retirement piggy bank—it’s a lifeline for emergencies too! The Employees Provident Fund (EPF), run by the Employees Provident Fund Organisation (EPFO), is like a safety net for millions of workers. Every month, you and your employer put in 12% of your basic salary, building a big fund that earns interest. But here’s the best part: you don’t have to wait till retirement to use it. Need money for a medical bill, wedding, or a house? You can take a loan—called an EPF advance—from your PF balance right…

Imagine: you’re at the shop, ready to buy your favourite toy or snack, but your debit card doesn’t work! Maybe it’s scratched, bent, or just too old. Don’t panic—it happens to everyone sometimes. If you have a bank account, you probably use a debit card to pay for things. When it gets damaged, you can’t use it anymore. But the good news? Replacing it is super easy! You don’t need to feel stuck. In 2025, banks have made it simple for you to get a new card fast. Let’s explore all the fun and easy ways to do it—step by…

SBI Card has announced important updates to its credit card reward points program, affecting customers using the SimplyCLICK SBI Card, Air India SBI Platinum Credit Card, and Air India SBI Signature Credit Card. The revised reward system will come into effect from March 31, 2025, and April 1, 2025, impacting online food orders and Air India ticket bookings. If you hold any of these cards, it’s time to understand what changes are coming and how they will affect your rewards. SimplyCLICK SBI Card: Swiggy Orders to Earn Fewer Reward Points Currently, SimplyCLICK SBI Card users get 10X reward points on…

Imagine applying for a personal loan and getting a quick “yes” from the bank—no stress, no delays. Sounds great, right? Your CIBIL score makes that happen! It’s a number between 300 and 900 that shows banks how good you are with money. A high score—close to 900—means you’re a safe bet to repay loans. A low score? Banks hesitate, and loan approvals get tough. Maybe you’ve never used a credit card, just started a job, or hit a rough patch with no income. These can drag your score down, making it hard to borrow cash when you need it most.…

Life can throw surprises at you—maybe a sudden medical bill, a dream vacation, or a home repair you didn’t plan for. In such times, a personal loan can be a lifesaver. But waiting days or weeks for approval? That’s a headache nobody wants! Getting your loan approved fast means less stress and quicker solutions. The good news? You don’t need to be a finance expert to speed things up. With a few smart moves, you can have the cash in your bank account sooner than you think. In 2025, banks and lenders are making it easier with online tools and…

Buying a home is a big financial decision, and a home loan helps in making that dream a reality. However, many people are unaware that taking a joint home loan with their spouse can bring significant tax benefits and other financial advantages. If you and your wife are planning to buy a house together, a joint home loan can not only reduce your tax burden but also help you secure a higher loan amount. Let’s understand the key benefits of taking a joint home loan and how it can help in wealth creation and tax savings. Higher Loan Amount for…

Life is full of surprises, and sometimes, these surprises come with a financial cost. Whether it’s a medical emergency, a wedding, or a sudden need for home repairs, a personal loan can be a lifesaver. However, personal loans can also be tricky if not handled properly. They often come with high-interest rates and hidden charges, which can lead to stress and financial difficulties. If you’re planning to take a personal loan, it’s important to follow certain rules to ensure you don’t end up in a financial mess. Here are 7 essential tips to help you navigate the process smoothly and…