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

Fixed Deposits for Senior citizens: Top 5 FD schemes with 9.5% interest rate this month. Key points to note

Fixed Deposits for Senior citizens: Top 5 FD schemes with 9.5% interest rate this month. Key points to note

FD investment: As investors enter their golden years, their investment appetite change as they tend to move towards safer tools from riskier ones. A fixed deposit (FD) is a financial instrument provided by various financial institutions such as banks and Non-Banking Financial Companies (NBFCs). Fixed deposits are known for their competitive interest rates, which are … Read more

Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

Digital lending apps: Survey shows instant loan app usage, interest rate charges reduced after RBI’s action

Digital lending apps: A recent survey has found that the Reserve Bank of India’s (RBI) steps against loans being offered by unauthorised digital platforms and mobile applications had a positive impact on users. In 2020, the central bank released a cautionary message directed towards small businesses and individuals regarding the risks associated with obtaining loans … Read more