Author: Nisha Chawla

Many people in India dream of owning a home. But rising property prices and high EMIs make it difficult, especially for those earning below Rs. 1 lakh per month. If your salary is Rs. 70,000 or Rs. 80,000 per month and you want to buy a home, first ask yourself—what will happen if you lose your job or face a medical emergency? That’s why having an emergency fund becomes very important before you take any home loan. Let’s understand how much emergency fund you need, especially if you plan to buy a house while earning less than Rs. 1 lakh…

Today, many 18-year-old youth in India are thinking about taking personal loans. Some want to pay for education, and others need funds for emergencies or even to start something small on their own. With online platforms making loans easier to get, applying for a personal loan is no longer a complicated task. But getting money is one thing. Using it wisely is another. A loan can help if used properly, but it can also become a burden if taken without proper planning. So, for youngsters stepping into adulthood, understanding how personal loans work is extremely important. Why Young People Are…

Home and personal loan borrowers may soon get another relief round in June 2025. As inflation numbers show an apparent decline, experts believe the Reserve Bank of India (RBI) could reduce the repo rate again in its upcoming Monetary Policy Committee (MPC) meeting. After back-to-back cuts this year, a third reduction in interest rates could lower EMIs and help improve monthly budgets for ordinary people. This is a big sign of hope for middle-class families and businesses, especially those struggling with high loan payments. Inflation Hits Lowest Levels in Years According to the National Statistics Office (NSO), India’s retail inflation…

Buying a home is one of the most significant financial decisions ever made. For most of us in India, a home loan is the only way to achieve this dream. But while you may have found the perfect house and selected the right bank, your loan application can still be rejected because of incomplete documentation. Yes, it’s true. One of the most common reasons banks and housing finance companies reject home loan applications is missing or incorrect documents. In 2025, lenders will become stricter with compliance and document verification. That’s why, before applying for a home loan, you must ensure…

Every credit card has a fixed expiry date printed on the front. You might have seen it in the format “MM/YY”, like 05/28. But have you ever wondered why your credit card expires even when the account is still active and working well? Why can’t it work forever? What purpose does an expiry date serve? The expiry date on a credit card is not random. It plays an important role in your card’s security, renewal process, and smooth functioning with both offline and online transactions. Let’s understand this in detail. What Is an Expiry Date on a Credit Card? The…

Losing a job can shake your finances, but it doesn’t have to damage your credit score. A good credit score is your financial backbone—it affects your chances of getting loans, credit cards, or even a new job. Protecting your credit score should be a top priority if you’re going through unemployment. Thankfully, maintaining a healthy credit score during this challenging phase is possible with some practical steps. Let’s explore how you can handle your credit smartly even when your income stops. Why Your Credit Score Matters Even More When You’re Jobless Your credit score is a three-digit number that shows…

A wedding is one of the most significant and most emotional events in a person’s life. From grand decorations to catering and gifts, everything costs money. In today’s world, weddings are traditional functions and status symbols. Due to this, many families spend beyond their limits. When savings are low and expenses keep rising, many people consider taking a personal loan for wedding expenses. Yes, personal loans offer instant financial help. But before you take that step, it’s important to understand all the essential aspects. A wrong financial decision during this happy time can create a long-term money burden. So, before…

Credit cards have become a regular part of our lives. People now use credit cards for almost everything, from buying groceries to booking flights. However, a big question still confuses many: Should you take a lifetime free credit card or one with an annual fee? Even bank agents sometimes fail to explain the math behind it correctly. Let’s break it down into simple words to help you make the right decision. What Is a Lifetime Free Credit Card? A lifetime free credit card means you do not have to pay any yearly fee to keep the card active. No hidden…

Problems can come anytime in life, a sudden job loss, a medical emergency, or a business failure. And when you already have a personal loan, things can quickly become stressful. If you cannot pay your EMI on time, it may hurt your credit score and lead to heavy penalties. But there’s no need to panic. Banks and financial institutions do understand such situations and offer solutions. Here’s what you should do if you’re not able to repay your loan right now. 1. Talk to Your Bank Immediately The first and most crucial step is to inform your bank or NBFC…

Many people take personal loans easily these days. If you have a good credit score and a steady job, getting a personal loan is very simple. That is why it is called an emergency loan. But taking it too many times can cause trouble later. If you often apply for personal loans or use credit cards too much, your credit mix becomes poor. This can make it difficult for you to take loans in the future. Let us explain in easy words what credit mix is, how it gets affected, and what problems it can cause if not managed properly.…