Know About Finance

Fixed Deposits (FDs) are a popular savings tool in India, offering a stable, low-risk investment option with guaranteed returns. Offered by banks and NBFCs, FDs allow you to invest a sum of money for a fixed period, known as the tenor, during which your investment earns a predetermined interest rate. This makes FDs an attractive choice for beginners seeking a secure and straightforward entry into investing, with protection from market volatility and predictable returns. Understanding FD Interest Rates Fixed Deposits attract investors with their typically higher interest rates compared to standard savings accounts. Rates vary by issuer, tenor, and depositor type, with senior citizens often receiving higher rates. Bajaj Finance, for example, offers competitive FD interest rates ranging from 7.40% p.a. to 8.10% p.a., making it a secure investment option. Key Benefits of Fixed Deposits Capital Protection One of the key benefits of an FD is capital protection. Unlike stocks or mutual funds,...

Choosing the right two-wheeler loan provider is a crucial decision that can significantly impact your financial situation. When selecting a lender for a bike loan, it is important to consider several factors that ensure you get the best possible terms and service. Here are some key aspects to keep in mind: Interest Rates The interest rate is perhaps the most critical factor to consider as it directly affects the total cost of the loan. Different financial institutions offer varying rates based on factors such as your credit score, loan amount, and tenure. For example, the terms of an ICICI Bank Two-wheeler Loan may vary compared to that of a Bajaj Finance Two-wheeler Loan . Thus, it is advisable to compare rates from multiple lenders to find the most competitive one. Sometimes, even a slight difference in the interest rate can result in substantial savings over the loan term. Processing Fee and Other Charges In addition to interest rates, learn about the processing fees, documentation ...

With rising uncertainties in the country’s economic climate, finding a reliable and secure way to grow your wealth is prudent. And one of the most popular investment avenues offering guaranteed returns is fixed deposits (FDs). If you are a risk-averse investor seeking stability in your investments, opting for an FD is the best bet. Fixed Deposits: A Brief Overview A fixed deposit is a financial product wherein you deposit a lump sum amount for a fixed tenor at a fixed interest rate. Regardless of the market fluctuations, these interest rates remain unchanged, which is one of the most significant benefits of an FD. The interest income you earn across the FD tenor is determined by three parameters: Your invested amount Applicable interest rate The tenor of the FD This low-risk investment option is undoubtedly one of the safest ways to maximise earnings. You can book an FD for a convenient timeline ranging from 7 days to 10 years. The FD interest rates vary from one issuer to the other ...

The dream of owning a home is a powerful motivator. But between thinking about your perfect space and making it a reality lies the crucial step of financial planning. This is where a home loan calculator emerges as a valuable tool. A home loan calculator is a user-friendly online tool that empowers you to estimate your potential monthly payments (EMIs) for a home loan. It simplifies the process of understanding how much you can afford to borrow and how your monthly repayments might look. Why Use a Home Loan Calculator? There are several advantages to utilising a home loan calculator: Estimate Monthly Payments (EMIs): This is a key benefit. Enter your desired loan amount, loan term (in years), and estimated interest rate. The calculator will then provide an estimate of your monthly EMI. This helps you understand your potential financial commitment over the loan term. Plan Your Budget: Knowing your estimated EMI allows you to plan your budget effectively. You can factor in the potentia...

In today's digital age, financial technology (Fintech) companies are playing an increasingly crucial role in how we access and manage our finances. Gone are the days of lengthy queues and excessive paperwork. Fintechs, with their innovative solutions and user-friendly platforms, are making financial services easier, faster, and more accessible. Let's look at some of the leading Fintech players in India and explore how they are transforming the financial landscape. Policybazaar (InsurTech):   This online insurance aggregator simplifies insurance selection for millions of Indians. Policybazaar allows users to compare quotes from a wide range of insurance providers. It further enables users to understand policy details conveniently and purchase directly through their platform.  Cred (Fintech Loyalty & Rewards):   Cred goes beyond traditional financial services by rewarding users for their responsible financial behaviour. By maintaining a good credit score, users gain acc...

Lending in India is undergoing a change, which is driven by the increasing presence of financial technology (Fintech) companies. Let's explore the key drivers, innovative models, and potential future trends of this transformation. The Seeds of Change: A Perfect Ecosystem for Fintech Lending Several factors have paved the way for the rise of Fintech lending in India. The increasing use of phones and affordable internet access has aided this. Additionally, initiatives like the Jan Dhan Yojana, which provided millions of previously unbanked individuals with bank accounts and Aadhaar cards, have facilitated financial inclusion. This widened the customer base for Fintech lenders. Democratising Credit: Innovative Fintech Lending Models Fintechs in India are leveraging technology to offer a diverse range of loans, catering to a wider segment of the population compared to traditional institutions. Let's explore some of the key models changing the lending landscape: Micro-loans:   Short...