What is Credit Utilization Ratio? How to Calculate and Improve?
Maintaining a low credit utilization ratio (CUR) is essential for achieving good credit health and a high credit score. This vital number is one of the top considerations of lenders…
Hand presenting a wallet with credit cards and coins over rising financial graph, advertising credit services.
The Essential Financial Terms Every Borrower Should Know
One of the best ways to improve your financial knowledge is to know the basic financial terms and their meanings. Here, we have a financial dictionary of the most used…
Person tipping a seesaw with coins and "Impact of Inflation on Your Savings" text.
The Impact of Inflation on Your Savings
You would have observed that the value of money keeps diminishing over time; do you know why? It is because of inflation, that lowers your purchasing power. So, when planning…
Man in suit interacting with AI and finance icons holographically displayed before him.
The Impact of AI on Financial Services and Lending
The financial sector is undergoing a complete revolution steered by the rapid growth of Artificial Intelligence, generative AI, machine learning, etc. The financial sector, including lending, is not only adopting…
A person in a suit touching a transparent screen with the words "best peer to peer lending" displayed.
Peer-to-Peer Lending for Businesses: Pros and Cons
Peer-to-peer lending platforms have been gaining much attention lately as a wonderful alternative to conventional financing options. This promising concept eliminates the need for banks and financial institutions while roping…
A guide on improving credit scores within 30 days, featuring actionable tips and strategies for better financial health.
How to Improve Credit Score in 30 Days?
Whether it is about applying for a new loan or negotiating better terms with the lender, the lender's first consideration is your credit score. A good credit score is one…
Stacks of coins with a car key on top and a toy car in the background, under "Best Interest Rate on a Car Loan"
How to Get the Best Interest Rate on a Car Loan
Whenever we apply for any loan, the first thought in our mind is to find a loan that charges a favourable interest rate. If you plan to take a car…
a measuring tape with the Borrowing capacity and how to determine it
How to Determine Your Borrowing Capacity?
Evaluating your borrowing power before taking a loan is imperative to prevent default and stressful repayments. The ‘borrowing capacity’ allows you to assess your income, spending, savings, assets, liabilities or…
Hands holding smartphone with credit score app and a credit card against a blurred background.
How to get a credit card without a credit score?
The credit cards have made our lives simpler. The bulky wallet has been replaced with a plastic card, adding convenience to our routine life. Also, the flexibility of buying the…
Hand writing "IMPACT" with title "How RBI Regulations Impact Your Loan Process?" on paper.
How RBI Regulations Impact Your Loan Process?
The Banking Regulation Act 1949 allows the Reserve Bank of India to exercise statutory and other loan restrictions. According to this master circular, the central bank consolidates and issues instructions…