When a borrower approaches a bank or NBFC for a loan, the bank invariably asks for the credit score. A credit score is a three-digit score given by a credit bureau which indicates a borrower’s creditworthiness i.e., whether the person is likely to repay the loan. This is, apparently, an urban concept where borrowers are…
The relevance of timing cannot be underestimated in personal finance, especially when applying for credit cards. Even though there are many shiny new perks or offers that might be motivating you to apply immediately to several credit cards in a row, applying too fast will be harmful to your credit rating and ability to manage…
The financial sector underwent substantial transformation because of digital lending technologies bringing new ways for consumers to obtain loans. The need to deal with extensive paperwork alongside enormous lines and multiple bank visits for loans exists only in the past. People can now fully complete loan applications online as digital lending provides quick and convenient…
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is an initiative of the Department of Fisheries for ensuring sustainable and inclusive growth of the fisheries sector in India. It seeks to increase fish production, modernise infrastructure, adopt technology, support the value chain and improve traceability with an investment of â‚ą20,050 crore. The scheme focuses on responsible…
Finance Minister Nirmala Sitharaman introduced customized credit cards for micro enterprises registered on the Udyam portal in her recent budget speech. This step was taken with the objective of strengthening India’s Micro, Small and Medium Enterprises (MSME) sector. These cards will come with a credit limit of â‚ą5 lakh each. These cards protect the business…
Q. I have a pre-existing medical condition and I am planning an international trip. Does travel insurance cover pre-existing conditions, and if not, what options do I have for medical coverage during my travels? Understanding that many international travellers might have pre-existing medical conditions, insurers now offer customised plans for international travellers with pre-existing medical…
