Author: Nisha Chawla

Buying a car on EMI has become common, especially for salaried and middle-class families. However, choosing the right bank for a car loan can save you thousands yearly. That’s why it’s important to compare interest rates, EMI amounts, and processing fees of different banks before you apply. We have collected the latest data (as of 7 May 2025) for car loans from central Indian banks. You will see how much EMI you will pay on a loan of Rs. 5 lakh for 5 years. This will help you choose the cheapest car loan deal. What Decides Your Car Loan EMI?…

Many people in India believe banks are the safest place to keep money. However, some recent banking failures like PMC Bank and Yes Bank have created fear in the minds of account holders. People are now asking – Is our money safe in banks? And if a bank fails, how much money do we get back? Let’s understand the real situation of Indian banks, the role of RBI, and what happens to your savings if a bank shuts down. Recent Bank Failures That Shocked Customers In the last few years, some well-known and cooperative banks have shocked the public with…

Marriage in India is a grand event. Expenses quickly pile up from venue bookings to outfits, jewellery, food, gifts, and travel arrangements. While many families save up for years, unexpected costs often arise. In such cases, a personal loan can help manage wedding expenses without breaking long-term savings or investments. But before you apply for a loan, it’s essential to understand how it works and what you should keep in mind to avoid future financial stress. Personal loans may look simple, but certain conditions need brilliant handling. Here’s a complete guide for anyone considering a wedding loan in 2025. Personal…

Financial emergencies come without warning; in such moments, quick money options like credit cards and personal loans become a significant support. Both options offer instant money without any need to give security or collateral. But they work very differently, and picking the wrong one may lead to high interest, extra charges, or even a debt trap. So, how do you decide whether to swipe your credit card or apply for a personal loan? Let’s understand both features and find out which suits your situation better. Credit Card and Personal Loan – Both Are Unsecured Loans but Serve Different Purposes A…

Settling a credit card bill can offer temporary relief but leave a lasting dent in your credit report. A credit card settlement usually indicates that you paid less than the total due, which is flagged as a negative mark by credit bureaus. This directly impacts your CIBIL score, making it harder to get new loans or credit cards in the future. But the good news is that your CIBIL score isn’t a permanent number. You can rebuild it—step by step—by adopting the right strategies and being consistent. With simple language and clear actions, let’s explore the most innovative ways to…

Credit cards offer convenience, rewards, and financial flexibility, but owning more than one requires an innovative and responsible approach. Many people apply for multiple credit cards, thinking it will increase their credit limit or help them earn more rewards. However, a second or third card can create more problems than benefits without proper planning. Before applying for another credit card, let us walk you through the most critical factors. Understanding how another card impacts your credit score, financial behaviour, and long-term goals is essential. Check If You Need Another Credit Card Before you apply, ask yourself why you want a…

Managing sudden financial needs can be stressful, especially when savings fall short. Whether it’s a medical emergency, marriage expense, or home repair, personal loans offer a helpful way out, especially for salaried employees. If you earn a regular income, banks and NBFCs (Non-Banking Financial Companies) prefer you as a customer due to stable income and low risk. With digital platforms, applying for a loan is now faster and more convenient than ever. Let’s break down everything you need to know about personal loans for salaried individuals—right from benefits and eligibility to interest rates and how to apply. Why Personal Loans…

In today’s fast-paced financial world, your PAN card is more than just a tax identity—it’s a key that links almost every financial transaction you make. Whether it’s applying for a credit card, personal loan, car loan, or even a mortgage, your PAN (Permanent Account Number) is the identifier lenders use to track your creditworthiness. It is essential to know how many loans are active against your PAN. If you’ve ever wondered, “How many active loans are linked to my PAN card?”—you’re not alone. This is one of the most common queries among borrowers, especially those managing multiple loans or suspecting…

Getting a bank loan is not just about having a good CIBIL score or stable income. One key factor banks check before approving your loan is the DTI ratio, which stands for Debt-to-Income ratio. Many people are unaware of how much this number matters in loan approvals. Even with a good income and a strong credit history, the Bank can reject your loan if your DTI is high. Let’s understand what DTI means, how it is calculated, and how to reduce it to improve your chances of getting a loan. What is the DTI Ratio, and Why It Matters? Debt…

Many Non-Resident Indians (NRIs) often need financial support in India for personal or business needs. One convenient option for them is taking a Loan Against Property (LAP) from an Indian bank. Among all, State Bank of India (SBI)—the country’s largest public sector bank—offers LAP services for NRIs under specific rules. While the process is similar to that for Indian residents, NRIs must meet certain additional conditions. Let’s explore how an NRI can apply for a LAP from SBI, what documents are needed, and what factors are checked by the bank before giving the loan. Who Can Apply for LAP as…