Cash Credit vs Overdraft: Key Differences & Uses Both Cash Credit (CC) and Overdraft (OD) are short-term financing options provided by banks, but they serve different purposes and have distinct features. What is Cash Credit? Cash Credit is a short-term loan offered to businesses to meet their working capital needs. It is typically secured against …
Financial Lifelines: Understanding Emergency Personal Loans Emergencies can strike at any moment. A sudden car breakdown or a necessary home repair can leave you needing quick cash. This is where the concept of an emergency loan comes in handy. Whether it’s fixing your car or enhancing property value through home repairs, these financial lifelines instantly …
Things You Need To Know When Approaching Business Loan Providers in Chennai For many businesses, securing a loan is an essential part of growth. However, the process of finding the right business loan providers can often be daunting, especially if you’re not entirely sure of what to expect. In a bustling city like Chennai, where …
Navigating the Debt Maze: Smart Strategies to Avoid Traps Mastering the art of credit card usage is a crucial financial skill in today’s world. Striking the delicate balance between leveraging the convenience of credit cards and avoiding overextending oneself is essential. Furthermore, one must exercise caution when considering multiple lines of credit, such as loans …
Exploring Different Types of Credit Cards: An Online Comparison Credit cards have become an indispensable financial tool offering convenience and flexibility of managing personal expenses. However, with several types of credit cards available, picking the right one may be difficult. Each credit card caters to different needs and lifestyles, making it essential to explore and …
Financial Planning Made Simple: Calculate Your Home Loan EMI with Ease When purchasing a home, one of the key aspects of financial planning is understanding and calculating your Equated Monthly Instalments (EMIs). Home loan EMIs play a crucial role in determining the affordability and feasibility of your dream home. The calculations can often seem complex …
Your Roadmap to Financial Freedom: Personal Loan Calculator at Your Fingertips Financial freedom is a goal that many individuals strive for. non-bank financial company or financial institutions recognize the importance of empowering individuals with the right tools to help them achieve their financial goals. The Personal Loan Calculator is one such tool that can help …
How to reduce your Loan burden smartly? As the name suggests, a top-up credit is advantageous to the applicant well above the previously existing debt. The tenure period for such advancement usually varies from 5 to 10 Yrs. Banks include borrowers who have a current home loan or personal loan with this kind of advance. …
Efficiently cut down on your loan load Borrowing is now without doubt one of life’s most critical constituents. We’ve all made use of it to tide over the financial crisis we face from time to time. But loans can also prove to be a burden, even when they’re repaid with interest and within a specified …
Tax Saving on business loans in India Whether you’re thinking about taking benefit of a small business loan, but you’re hesitating to go for it and you’re not sure how it will affect your taxes for next year. Actually, the answer is – Interest in Corporate loans is Tax-deductible expenses! Business loans don’t dramatically alter …