Author: Nisha Chawla

For many middle-class families in India, owning a stylish and feature-loaded SUV like the Hyundai Creta is a dream. But dreams must meet financial reality. With a monthly salary of Rs. 50,000, can you afford to bring home a Hyundai Creta? The answer isn’t a simple yes or no — it depends on many factors, like your expenses, loan tenure, interest rate, and how much down payment you can manage. Let’s do a full breakdown of the affordability, EMI expectations, and smart money strategies. Hyundai Creta: A Premium SUV for Middle-Class India The Hyundai Creta is one of India’s most…

Buying a home is one of the biggest financial commitments you’ll ever make. When you take a home loan, one of the most important decisions is choosing between a fixed interest rate and a floating interest rate. Both types have their advantages and disadvantages, and the right choice depends on your financial situation, future plans, and market conditions. In India, most home loans come with the flexibility to choose between fixed or floating interest rates. So, before you sign that loan agreement, it’s important to understand what these terms mean and how they can impact your finances in the long…

In today’s fast-paced world, unexpected expenses can arise at any moment—be it a medical emergency, sudden repairs at home, or a last-minute trip. In such situations, many people turn to emergency loan apps that promise quick and easy access to funds without the traditional hassles of paperwork. While this sounds like a great solution on the surface, it’s not all sunshine and rainbows. These apps come with their own set of risks and advantages that every user must understand before clicking “Apply.” What Are Emergency Loan Apps and How Do They Work? Emergency loan apps are mobile applications that offer…

Fixed deposits (FDs) have always been a favorite choice for Indian investors who prefer safety and guaranteed returns. Now, with the Reserve Bank of India (RBI) cutting the repo rate by 0.25% for the second time in a row during its April 2025 monetary policy meeting, it has opened a window of opportunity for those planning to invest in fixed returns. Why FD Investment Now Makes Sense RBI has not only reduced the repo rate—currently standing lower than before—but also changed its policy stance to “accommodative”, hinting that more rate cuts could happen in the near future. When the repo…

In recent years, the digital finance sector in India has exploded, with instant loan apps becoming the go-to solution for those in need of urgent cash. These apps promise quick loans with minimal documentation, easy approvals, and instant disbursements. However, with the growing popularity of these platforms, there has also been a rise in fake instant loan apps—unauthorized, unregulated apps that prey on unsuspecting users. These fraudulent apps often charge high interest rates, misuse personal data, threaten borrowers, and even engage in illegal recovery practices. Cases of harassment, identity theft, and even suicide due to mental pressure have been reported.…

The “Chief Minister Yuva Entrepreneur Scheme” is a significant initiative launched by various state governments in India to foster entrepreneurship among the youth. This scheme aims to provide financial assistance, training, and mentorship to young individuals, enabling them to establish their own businesses and contribute to the state’s economic development. Different states have tailored this scheme to meet their specific needs and objectives. Below is an overview of how this scheme is implemented in select states: ​ Uttar Pradesh: Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) In Uttar Pradesh, the “Mukhyamantri Yuva Udyami Vikas Abhiyan” (MYUVA) was introduced to empower educated…

On April 9, 2025, the Reserve Bank of India (RBI) cut the repo rate by 25 basis points, bringing it down to 6.00%. This decision is great news for those who are repaying or planning to take a home loan. The cut in repo rate could lead to a drop in monthly EMIs (Equated Monthly Installments) if your bank passes on the rate benefit. 📉 What Is Repo Rate and Why Does It Affect Home Loans? The repo rate is the interest rate at which RBI lends short-term funds to banks. When the repo rate goes down, banks get money…

Sometimes, life surprises us in the most difficult ways—like a sudden hospital bill, car breakdown, or a home repair you can’t ignore. In such urgent situations, having quick access to money becomes very important. That’s where emergency loans come in. These loans are made to help people in sudden need of money without too much paperwork or delay. But not every loan is good for every person. Choosing the wrong loan can make your problems worse with high interest and hidden charges. In this guide, we will explain how to choose the best emergency loan based on your need, how…

In its first Monetary Policy Committee (MPC) meeting of the current financial year, the Reserve Bank of India (RBI) made some major announcements related to the banking and loan system. One of the most important updates is about gold loans. RBI Governor Sanjay Malhotra said that the central bank is going to release new and uniform guidelines for gold loans across all banks and non-banking financial companies (NBFCs). The RBI wants to bring all institutions under one common set of rules so that the gold loan process becomes safe, transparent, and risk-free. This decision comes after RBI found several flaws…

On April 9, 2025, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points (bps), bringing it down to 6%. This marks the second consecutive rate cut this year, aimed at stimulating economic growth amid global uncertainties. For individuals with home loans or those planning to avail one, this development is significant as it can lead to reduced Equated Monthly Installments (EMIs) and overall interest burdens. Understanding the Repo Rate and Its Significance The repo rate is the rate at which the RBI lends money to commercial banks. A reduction in this rate typically enables banks…