Akhil

• A quick and constant learner, Akhil can bring off any niche in demand with his expertise in simplifying complex. He believes in focusing on what's missing rather than adoring what's in his bag. When he is not busy typing away, he likes to watch his favourite football team, Arsenal! Being a lifelong Michael Jordan fan, he hopes to achieve the dream of meeting his idol one day. Currently, he is a master of finances with Urban Money.

26 Stories by Author: Akhil

CIBIL Dispute : Types, Process to Raise CIBIL Dispute and Its Resolution
November 16, 2022

Sometimes, we fail to make on-time repayments and have bad credit scores because of our poor credit behaviour. But, the possibilities are we end up having a bad CIBIL score because of someone else. Sounds perplexing? Well, yes, this can be a situation too. You signed as a guarantor for…

Category:CIBIL Score Archive
A Definitive Guide to Statutory Liquidity Ratio (SLR)
October 04, 2022

The economy of every country majorly depends on banks and hence, each country has a monetary authority that regulates how banks operate. In India, we have the Reserve Bank of India (RBI) as our principal monetary regulator operating at a national level. But the question is - how does this…

Category:Personal Loan Archive
RBI Repo Rate 2022 Hike For the Fourth Consecutive Time
October 01, 2022

The Reserve Bank of India (RBI) increased the Repo Rate by 50 basis points, making it clock at 5.90%. In the previous five months, interest rates rose by 190 basis points, making this the fourth consecutive increase in the Repo Rate 2022. The Central Bank lifted rates on May 4,…

Category:Home Loan Archive
Unsecured Business Loan - Eligibility, Documents & Interest Rates
June 28, 2022

What is an Unsecured Business Loan?An unsecured Business loan is the type of loan granted to an applicant from a bank or financial institution without any pledged collateral. These business loans are availed by startups to manage business flow operations. An unsecured business loan provides financial assistance to the businesses that…

Category:Business Loan Archive
Top Home Loans in India
June 27, 2022

Read the given below list of banks that offer the best housing loans in India along with their interest rates and processing charges. This home loan bank list can guide you toward choosing the best bank for housing loans. Banks Rate of Interest (p.a) Processing Charges Kotak Mahindra Bank 7.00%…

Category:Home Loan Archive
How Balance Transfer Affects Your Credit Score
June 25, 2022

If you think that just owning multiple credit cards and juggling multiple payments can help you improve your credit score, then, it's time for you to know the facts right. A balance transfer is quite an effective way to meet your debt repayment goals. It allows you to make low-interest…

Category:Home Loan Archive
Loan To Value (LTV) Ratio : Meaning, Importance and Calculation
June 21, 2022

Hey! Are you finally buying your dream house? Are you financing it with the help of a home loan? Then familiarize yourself with the various terminologies that you might come across. One common term, you might find yourself entangled in is the Loan-to-Value ratio or LTV ratio. It is an…

Category:Home Loan Archive
Highlights of RBI and MPC Meet June 2022
June 10, 2022

The six members of the Monetary Policy Committee (MPC) of the Reserve Bank of India mutually increased the base points of the repo rate. Repo rates are the key policy rate the central bank considers when short-term lending funds to banks. It increased by 50 base points, standing at 4.9%…

Category:Home Loan Archive
Home Loan Interest Rates Spiked After RBI's Repo Hike
May 12, 2022

The Reserve Bank of India regulates the home loan criteria, which are constantly changing owing to numerous economic circumstances. Read the blog to learn more about the RBI and how its latest home loan guidelines will affect borrowers. The Reserve Bank of India (RBI) is India's Central Bank, which was…

Category:Home Loan Archive
The Collateral World of Mortgaging Property
January 21, 2022

A mortgage is any immovable property that is given as a security or collateral against a loan for building a property. The party lending the money keeps this mortgage as collateral until the borrower returns the loaned amount in full along with interest. This kind of home loan is becoming…

Category:Home Loan Archive