Think twice before saying ‘I Do’ to wedding loans

Think twice before saying ‘I Do’ to wedding loans

Gone are the days when a family’s limited savings meant settling for a simpler wedding. The easy availability of wedding loans has made lavish celebrations more attainable. These personal loans offer instant financial assistance, making them appealing to many. However, these personal loans often come with high interest rates, typically ranging from 10-20%, depending on your … Read more

China’s strategy of debt traps with confidentiality clauses

China’s strategy of debt traps with confidentiality clauses

China has been regarded the world’s largest creditor as its total outstanding claims exceed more than 5% of the global GDP. It has even surpassed the world’s official leading creditors such as IMF, World Bank etc. Till 2019, China Development Bank and China Import-Export bank granted loans worth almost $120 billion to the developing countries … Read more

Here’s how you can avoid falling into a debt trap amid COVID-19 pandemic

Here’s how you can avoid falling into a debt trap amid COVID-19 pandemic

The COVID-19 pandemic has severely hit the financial well-being of people. Retail loans in India almost doubled in 2020 as compared to 2017, as per a report by TransUnion CIBIL. Digital lending of small amount has further accelerated the demand. Is it a good idea to avail easy credit in case of an emergency? Is … Read more