In today’s world, desires and needs seem endless, often hindered only by financial constraints. During such moments, loans come to our rescue as they play a pivotal role in managing our finances effectively. Loans have become a really important part…
Have you ever held onto something just because you’ve already invested time, money, or effort into it, even if it wasn’t making sense anymore? If yes, then you’ve encountered the concept of sunk costs. In this blog, we’ll break down…
The Global Fintech Festival was held from September 5th to 7th, 2023, in Mumbai. It is one of the world’s largest fintech conferences. This event is a collaborative effort between key organizations such as the National Payments Corporation of India…
The Repo Rate is the interest rate at which the central bank lends money to commercial banks with the idea of regulating credit availability. While the reverse repo rate is the rate at which a commercial bank lends funds to…
In today’s fast-paced world, financial needs can arise unexpectedly, making us look for fast and flexible solutions. It is at times like these that we might think about getting a quick personal loan, as it can prove to be a…
Imagine you’re walking through your neighbourhood and notice a broken pipe gushing water into your neighbour’s yard while they’re away on vacation. Without a second thought, you call a plumber and pay for the repair to prevent further damage. When…
Pre-payment penalties are implemented by lenders to minimize the financial risks that can be associated with early loan repayment. While pre-paying a loan can seem like a responsible financial move, it’s crucial to be aware of potential obstacles, such as…
An overdraft is a situation that occurs when even though there aren’t enough funds in a person’s account still, they are able to make a transaction or withdraw money. It is a short-term lending solution provided by a financial institution,…
The world of finance is rapidly growing, thanks to the digital era. This brings forward some innovative solutions that simplify and enhance our daily transactions. National Automated Clearing House(NACH) is an advancement designed to replace outdated paper-based systems. NACH helps…