A credit card loan permits a cardholder to borrow a portion of their existing credit limit as a personal loan. The approval for the same is given without fresh documentation or a lengthy approval process. It is essentially a pre-approved facility provided to a credit card holder based on several factors such as usage history,…
Repaying loans becomes complicated when debtors are in a financial bind. As a result of the type of repayment status, lenders may classify an account as either “settled” or “written-off” under many circumstances. Anyone who is trying to maintain or repair a healthy financial picture should know the differences between these two account types on…
At the time of taking out a personal loan, it is important for borrowers to streamline their finances by using a personal loan EMI calculator. Those who are not aware, a personal loan EMI calculator uses three variables before revealing the figure of the monthly instalment. The three variables that one needs to enter in…
Before investing in a mutual fund scheme, it is recommended to examine the past returns of similar schemes in the same category. Although historical returns do not guarantee future returns, they indicate the trajectory of growth of one scheme relative to others. Here, we list out the past returns of sectoral/ thematic funds in the past…
The income tax department clarified that the new Income Tax Bill, 2025, does not propose any changes to tax rates, including long-term capital gains. The bill focuses on simplifying language and eliminating outdated provisions. In a post on the social media platform X, the Income Tax Department informed, “There are news articles circulating on various…
Query: We come from a large and complex family setup. My father and his three brothers have jointly run a business that was started over 50 years ago, with verticals spanning silver jewellery manufacturing, silver bullion, and coin trading. Over time, the next generation has grown to include over 10 cousins — some of whom…
There are many things a couple can do to ensure that money matters do not contribute to marital discord. Managing investments and expenses In cases where both husband and wife are working, usually one person spends, while the other invests. In this case, all investments will be made by that person only, which can create…
A bad credit score can immensely restrict access to personal loans and credit cards, and even limit employment opportunities in the financial sector. Therefore, it is imperative to understand what constitutes a poor rating in India, why it matters, and the best recovery steps and means to ensure that your credit score remains robust. What…
As the income tax return (ITR) deadline for FY 2024-25 (Assessment Year 2025-26) approaches, many taxpayers are asking whether ITR submission is necessary if their annual income is less than ₹2.5 lakh. It is important to keep in mind that, under the old tax regime, individuals under 60 years of age with income below ₹2.5…
Credit card delinquencies in the country surged by 44 per cent year-on-year, reaching a whopping ₹33,886 crore as of March 2025, according to a recent report by The Indian Express. This drastic rise is primarily attributed to overdue payments coinciding with a boom in consumer spending and easy access to unsecured credit. Furthermore, a significant…
