How to Deal with Home Loan Interest Rate Hikes?

A home loan is a long-term financial commitment, and thus, any fluctuation in the interest rate can make timely loan repayment difficult. For banks, the interest rate is directly linked to the Marginal Cost of Funds-Based Lending Rate (MCLR), which is regulated by Reserve Bank of India (RBI).Thus, repo rate hikes by RBI can lead to banks raising their MCLR, thereby, increasing home loan interest rates....

A Guide on How to Buy Bitcoins with Cash

More people are interested in investing in bitcoin or other types of alternative coins. Typically, any crypto newbie googles about how to buy bitcoins with cash. When bitcoin was starting back in 2009, there were limited platforms for buying or selling bitcoin. You’ve probably heard about the saying, “If you didn’t buy bitcoins back in 2009-2010, now is the time to buy it.”...

What to Learn From Legal Insider Trading

  According to many people, insider trading is illegal. Well, insider trading can be both legal and illegal; it all depends on the scenario. Some of the prominent firms that have caught the media’s attention because of insider training include Martha Stewart, a prominent businesswoman, and Rajat Gupta, a director at Goldman Sachs. Illegal insider trading occurs when someone has access to...

Are Personal Loans Considered as Income for Tax Purposes?

A personal loan is an important financial tool to avail instant credit. Since it is an unsecured form of financing, you are not required to provide any collateral on the loan. The lender determines your creditworthiness by viewing your credit history and credit score. Thus, the rate of interest on personal loans is higher to cover the risk of a possible default. While preparing your ITR (Income Tax...

Why Use Singapore Moneylender Business Loans

Possibly the most apparent reason to think about a Singapore moneylender loan is to invest in a growth possibility for your organization. When business is prospering, continuing to expand your business can help guarantee that your revenues don’t stagnate or diminish. Of course, further growth has several expenses, such as advertising and marketing, new property, unit improvements, and enhancing...

When is the right time to sell your mutual funds?

Mutual fund investments are done with as much care as selling them off. You can buy or sell funds at any time although you should certainly put some more thought into the latter. There are some key reasons why people usually sell off their mutual fund units. These include the following: The company that you invested in is running at a loss and no profit has been made for a long time You have reached...

How can an Online Loan help during a Medical Emergency?

Digitisation has reformed the Indian lending market widely as more number of users now rely on the digital medium. In this regard, the Indian online loan market is one of the fastest-growing industries owing to the high transparency it offers along with other benefits. The online lending rate increased by almost a CAGR of 69% between FY2010 and FY2014, revealing how customers were slowly transitioning...