Author: Nisha Chawla

If you’re currently paying EMIs on a personal loan and want to get rid of it early, you’re not alone. Many people in India want to free themselves from loan burdens as soon as possible. By closing your personal loan early, you can save on interest and improve your financial health. But there are certain steps, rules, and charges you should know before taking this smart step. Let’s understand everything simply and clearly. What Does It Mean to Pre-Close a Personal Loan? Pre-closure means you repay the entire loan amount before the full loan tenure ends. For example, if you…

Taking a personal loan has become very simple today. With just a few documents and no collateral needed, many people apply for it to meet urgent needs like weddings, medical bills or travel. But what if you miss paying one EMI (Equated Monthly Installment)? While it may seem like a small thing, a missed EMI can harm your financial future in a big way. This mistake can stay in your credit history for many years and affect your chances of getting new loans or credit cards. What Is a Credit Report and How Is It Affected? Your credit report is…

In today’s digital world, credit cards are not just plastic cards used for shopping or bill payments—they are essential financial tools. But have you ever looked closely at your credit card and wondered what all those numbers and dates mean? The 16-digit number, the expiry date, and the three-digit CVV code are not just random things—they all have a purpose. Let us explain how credit cards are designed, why expiry dates are given, and what the CVV code does. What Do the 16 Digits on a Credit Card Mean? The long number printed on the front of your credit card…

In India, people borrow money for many reasons – buying a house, paying for education, starting a business, or even handling a medical emergency. Banks and NBFCs (Non-Banking Financial Companies) offer many loans to help people in such situations. These loans can be divided mainly into two big categories – secured loans and unsecured loans. Let us understand these two categories and explore all the popular loan types available in the country. What Is a Secured Loan? A secured loan is one where you give something as security or collateral to the lender. This could be your Property, gold jewellery,…

आज के समय में लोन लेना कई लोगों की जरूरत बन गया है, चाहे वह घर खरीदने के लिए हो, गाड़ी लेने के लिए, या कोई बिजनेस शुरू करने के लिए। लोन लेने के लिए सबसे जरूरी चीज मानी जाती है Cibil Score। आमतौर पर यह माना जाता है कि अगर आपका Cibil Score 750 या उससे ज्यादा है, तो आपको आसानी से लोन मिल जाएगा। लेकिन कई बार ऐसा होता है कि अच्छा Cibil Score होने के बावजूद लोन रिजेक्ट हो जाता है। ऐसा क्यों होता है? दरअसल, बैंक सिर्फ Cibil Score पर ही निर्भर नहीं करता, बल्कि वह…

Many people in India have savings accounts that they barely use. Some are open for salary credits, government subsidies, or just as a backup. However, most people don’t realise that if they don’t use their bank account for a specific period, the account can become inactive or dormant. This change in status doesn’t just affect the ease of using the account—it also has implications for security, transaction restrictions, and even the retrieval of your funds. This article explains in simple language how long a bank account can become inactive, what happens when it does, and what you must do to…

अगर आप होम लोन (Home Loan) ले रहे हैं या लेने की योजना बना रहे हैं, तो आपके मन में यह सवाल जरूर आया होगा कि क्या होम लोन के साथ-साथ पर्सनल लोन (Personal Loan) भी लिया जा सकता है? होम लोन एक लंबी अवधि का लोन होता है, जबकि पर्सनल लोन छोटी अवधि के लिए लिया जाता है। लेकिन क्या बैंक या एनबीएफसी (NBFC) आपको दोनों लोन एक साथ देने के लिए तैयार होंगे? इस आर्टिकल में हम आपको बताएंगे कि होम लोन और पर्सनल लोन एक साथ लेना संभव है या नहीं, इसके फायदे, नुकसान, बैंक की शर्तें और ध्यान रखने…

Personal loans are one of the quickest ways to arrange money during a financial emergency—be it a medical need, wedding, or sudden home repairs. For salaried people, getting a personal loan is usually easier because they have a fixed monthly income. But what if your CIBIL score is low? Many people think that a low credit score closes all doors to borrowing. This is not true. Even with a low score, you can still get a personal loan—if you plan wisely. Let’s understand how salaried individuals with low CIBIL scores can still secure a personal loan with proper strategy and…

In today’s digital economy, your credit score is just like your Aadhaar in the financial world — without it, you can’t access loans, credit cards, or even get EMI options in many cases. Your score shows your financial honesty, and lenders trust it to decide how much loan to give you, at what interest rate, and with what terms. While most people know that loans and credit card EMIs affect their score, many still don’t realise the impact of paying bills on the last day — or worse — after the due date. From credit cards to mobile bills and…

क्रेडिट कार्ड से की गई खरीदारी को EMI (Equated Monthly Installment) में बदलना आजकल एक आम और सुविधाजनक विकल्प बन गया है, खासकर जब बात बड़ी रकम खर्च करने की हो। इस सुविधा के माध्यम से आप अपने खर्च को आसान मासिक किस्तों में बांट सकते हैं, जिससे तत्काल वित्तीय बोझ कम होता है।​ 🛍️ EMI में खरीदारी: क्या है यह सुविधा? EMI यानी ‘Equated Monthly Installment’ एक ऐसी सुविधा है, जिसके तहत आप अपने क्रेडिट कार्ड से की गई बड़ी खरीदारी की राशि को मासिक किस्तों में चुका सकते हैं। उदाहरण के लिए, यदि आपने ₹30,000 का स्मार्टफोन खरीदा…