Starting June 1, these four big changes set to loosen your purse strings

A number of new rules with regards to insurance, gold and loan are set to take place. The car insurance premiums will become expensive, SBI home loans will get dearer. The second phase of making gold hallmarking mandatory will be implemented, and more.

5 factors to consider before applying for a pre-owned car loan

Prospective buyers can avail used car loans with lower interest rates starting from 9.95% p.a., but should consider several factors to get the best terms and cost.

Have a home loan? Here's why you must have MRTA protection for it

<ul><li>Banks or housing finance companies that fund home loans, usually have a tie-up with select insurance companies to offer MRTA plans to their home loan customers.</li></ul>

How to build a credit profile before you apply for a loan? Here are 6 ways

Building a strong credit profile is essential for loan approval and can be achieved by checking credit report, using digital apps, paying bills on time, maintaining credit utilisation and mix, and monitoring credit score.

Credit score: Here's how to be in the good books of rating providers

<ul><li>Lending institutions evaluate one’s credit history and repayment behaviour before approving a loan. A higher credit score signifies lower default risk, making him/her an attractive borrower.</li></ul>

How do you decide between a personal loan and debt sought against securities? We explain

A personal loan sought is different from taking out a loan on securities – that one is unsecured and the other is secured by collateral explains the stark distinction between their availability and interest rates.

What is P2P lending? All you need to know

P2P lending is a mechanism that connects lenders/investors with borrowers, allowing them to earn higher returns than fixed deposits.

Borrowers must first assess their current financial situation and create a budget: Ritesh Srivastava

In an interview with MintGenie, Srivastava said that the adoption of the BNPL technique has led to a significant increase in the total value of debt in India.

Young professionals must exercise financial prudence and credit responsibility when opting for loan: Souparno Bagchi

In an interview with MintGenie, Bagchi said that young professionals must seek personal loans to meet untimely or unforeseen financial needs.

4 popular myths that must be busted for a debt-free life

No one is completely cut out to be a financial expert though it must not justify your contentment with a life laden with debt. Being debt-free should be your free, but first, you must clear yourself of the myths that hinder debt reduction and repayment.

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Starting June 1, these four big changes set to loosen your purse strings

personal finance

personal finance

personal finance