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When To Finance Your Business With A Personal Loan
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
Thousands of new and innovative ideas are being constructed into business ventures every year. India’s business sector is gaining momentum having more than 4,000 startups to its credit during the year 2015. With the call for business development comes the need for finance. There are many business loan products available in the market today for…
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A Guide to Understanding NRI Taxation in India
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
The Income Tax Department of India defines an NRI, or a Non-Resident Indian, as an individual of Indian origin but living outside the Indian subcontinent. The Section 6 of the Indian Income Tax Act defines the NRI status of an individual more precisely. According to this section, an individual is considered an NRI if, â—…
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6 Types of Mutual Funds That Every Investor Must Know
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
Depending on one’s affinity for investments, investors can be divided into two categories – those who take risks and those who prefer to play it safe. Irrespective of the category you belong to, mutual funds can act as a preferred investment option. Mutual funds allow investors to invest in bonds, stocks and other securities, with…
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Is Converting Credit Card Debts Into Personal Loan Beneficial?
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
Availing a personal loan to pay your credit card debt has become a common tool to get rid of the debt spiral. Today, credits are easily available. There is absolutely no system to caution you about your credit management capacities. And access to multiple credit cards, coupled with the above, lands you in a debt…
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CIBIL Score: Why is important?
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
CIBIL, Credit Information Bureau India Limited, is an important part of the financial system in India as it provides critical credit information about every individual and rates them based on their creditworthiness. The system has its own way of analysis which results in a credit rating for every individual called the CIBIL score. The CIBIL…
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7 Tips to Derive The Best From Balance Transfer Credit Card
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
Balance transfer of your credit outstanding to a lower interest-charging credit card is a tidy technique to trim the debt fat that accumulates around the principal amount. Many leading banks offer attractive rates and payment options for balance transfer. Switching from a higher interest rate to a lower rate has become an easy affair with…
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Advantages of Pre and Part- Payments of Personal Loan
Posted on Wednesday, August 17th, 2016 | By IndusInd Bank
Before diverting the extra cash or savings towards pre-payment or part-payment of your personal loan, you shall always consider its impact. Whether the decision of not serving the entire loan tenure would be beneficial or not shall always be your primary concern. Pre-paying your loan can be beneficial but such benefit depends on the sum…
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