Author: Nisha Chawla

When it comes to secure investment options in India, Fixed Deposits (FDs) offered by banks and Time Deposit Accounts provided by the Post Office are two of the most popular choices. Both instruments promise safety of capital and assured returns, making them ideal for conservative investors. However, they differ in various aspects such as interest rates, tenures, tax implications, and accessibility. This article delves deep into these differences to help you make an informed decision. Understanding Fixed Deposits (FDs) What is a Fixed Deposit? A Fixed Deposit is a financial instrument provided by banks and non-banking financial companies (NBFCs) where…

Getting a personal loan is easy today as banks and NBFCs (non-banking financial companies) offer quick approval and minimum paperwork. But two things matter the most: your income and your credit score. If your credit score is high, you get faster approval, better loan amounts, and lower interest rates. But what if your credit score is low? Don’t worry. Even with a poor credit score, you can still get a personal loan — if you follow a few smart steps. Let’s understand how. What is a Credit Score and Why It Matters for a Personal Loan A credit score is…

These days, getting a personal loan is as easy as ordering food online. Thanks to apps and websites, people can apply for loans from their phones in just a few minutes. But while taking a loan is quick, handling it properly till the end is just as important. Most people relax after paying the last EMI, but forget that their responsibilities don’t end there. In fact, some very important steps begin only after the loan is closed. If you skip them, you may face big trouble later. Let’s understand what you should do immediately after closing your personal loan to…

As your income increases, a crucial financial question often arises—should you use the extra money to repay your home loan faster or invest in Systematic Investment Plans (SIPs) to grow wealth? It’s a practical dilemma faced by salaried professionals and self-employed individuals alike. Both choices seem promising. One helps you become debt-free sooner, while the other grows your wealth for the long term. But how do you choose what’s best for you? Let’s break this down in the simplest way possible. Understanding the Home Loan Prepayment Option A home loan is one of the largest debts most people take. If…

A wedding is a special event filled with happiness, traditions, and unforgettable moments. However, the cost of a wedding can be overwhelming, from venue bookings and catering to decorations and outfits. Many people plan their dream wedding but struggle with finances. In such cases, a marriage loan can be a great solution. This article explains how to apply for a marriage loan, eligibility requirements, interest rates, and important things to keep in mind. What is a Marriage Loan? A marriage loan is a type of personal loan designed to cover wedding expenses. It can be used for venue booking, catering,…

A personal loan can be a great financial tool when you need urgent cash for medical emergencies, home renovation, travel, or any big expense. However, many people make mistakes that increase their financial burden instead of solving their problems. If you have taken a personal loan or are planning to apply for one, it is crucial to avoid these 7 common mistakes to prevent financial stress and unnecessary extra payments. 1. Missing EMI Payments – Leads to Penalties & Credit Score Drop Many borrowers fail to pay their EMIs (Equated Monthly Installments) on time, which results in:✅ Late payment penalties…

When traveling internationally, hidden costs like foreign exchange (forex) markup fees can make your expenses skyrocket. Most credit cards charge a forex markup fee of 2-3.5% on every transaction made in a foreign currency. However, some premium travel credit cards come with zero forex charges, making them the perfect companions for globetrotters. If you frequently travel abroad, choosing the right card can save you a significant amount while providing added travel benefits. Here’s a list of the top six credit cards in India that offer zero forex markup fees along with exciting travel perks. 1. Niyo Global Credit Card Why…

In the digital age, online shopping has become an integral part of our lives. To make the most of your online purchases, choosing the right credit card can lead to significant savings through cashback offers. Here’s a curated list of the top 7 credit cards in India that provide exceptional cashback benefits for online shoppers. ​ 1. SBI Cashback Credit Card Why It’s Great: The SBI Cashback Credit Card is ideal for those who frequently shop online across various platforms, offering substantial cashback without category limitations. 2. Amazon Pay ICICI Credit Card Why It’s Great: This card is perfect for…

Financial emergencies can strike at any time—be it a medical crisis, urgent home repairs, or a sudden job loss. When faced with an immediate cash crunch, people often find themselves choosing between dipping into their emergency fund or opting for a personal loan. While both options have their pros and cons, making the right choice depends on various factors, including your financial stability, borrowing capacity, and repayment ability. Understanding Emergency Funds An emergency fund is a dedicated savings account set aside for unforeseen expenses. It acts as a financial cushion to help you navigate difficult times without relying on external…

Owning a house is a big achievement, but maintaining and upgrading it over time is equally important. Whether it’s fixing old structures, remodeling the kitchen, or giving your home a modern touch, home renovations can be expensive. If you don’t want to drain your savings, a home renovation loan can help you finance these improvements without financial burden. What Is a Home Renovation Loan? A home renovation loan is a type of financing that helps homeowners cover the cost of repairs, remodeling, or upgrades. It is different from a regular home loan, as it is used to improve an existing…