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...
What are the Consequences of Making a Late Credit Card Bill Payment?
Credit cards have emerged as one of the most popular modes of payment in India in recent times. The data published by Reserve Bank of India states that the total transaction value of credit cards in FY 2018-19 is amounted to around Rs.6 lakh crore. This is a 30% surge over the previous financial year.
A primary reason behind the emergence of the credit card’s popularity is its interest-free bill...
Tips for Growing Your Personal Finances
Growing your personal finances can be a real challenge. Plenty of people struggle with this goal, even those who make a decent living. In order for you to see success with your finances, you first need to take time to think about how you can better save your funds. There are many ways you might be wasting money without even realizing it, from how much you’re spending regularly to who you are getting...
How to Build an Emergency Fund for best Future
You should feel always relax when it comes to how to build the emergency fund. The emergency funds make your life healthier. Whenever you look at the emergency fund, you should have something which will make you smile.
The emergency fund is a part of a financial plan. You don’t know how you are going to spend the money. For unexpected expenses under sudden events, the only thing which will...
