Chitra Chaudhary

• Chitra is a stellar writer with over three years of experience writing about banking, financial services and insurance. She enjoys delving deeply into all the nitty-gritty of finance and associated topics that most people would rather avoid. With a master's in Computer Science, Chitra alchemises her analytical and creative prowess to manifest some of the most astounding articles for Urban Money.

29 Stories by Author: Chitra Chaudhary

Base Rate: Why It's Important in Decision Making
March 27, 2023

Buying a home is one of the most significant investments you'll make in your lifetime, and choosing the right home loan can make all the difference. The base rate is one crucial factor that impacts your home loan interest rate. The base rate is the minimum interest rate set by…

Category:Home Loan Archive
Project Completion Certificate
March 24, 2023

In the real-estate sector, completion of the project is a significant achievement, whether it’s a residential building, commercial space or any other infrastructure. The project is considered complete only after obtaining the Project Completion Certificate (PCC). It is a crucial document that certifies the completion of a project in compliance…

Category:Home Loan Archive
Home Loan Brokers: Find the Best Mortgage for Your Dream Home
February 06, 2023

Every borrower wants to unlock a great deal on their home loan, whether trying to buy their first house, their next piece of real estate or refinance their existing home loan. Access to the right tools and obtaining support from the right people can make a huge impact, regardless of…

Category:Home Loan Archive
Expectations from Union Budget 2023-24
January 24, 2023

Every year at this time, we look forward to the Honourable Finance Minister rising to present the Union Budget. The current finance minister is undoubtedly making a difference, even if most finance ministers leave their mark. As a result, we, as Indian citizens, are continually raising the bar high for…

Category:Financial News
Advantages and Disadvantages of Credit Card
January 04, 2023

Credit cards or plastic money is a famous form of currency we encounter almost daily. It comes in handy, especially during a cash crunch or when discounted offers are available. There is no denying the fact that Credit Card benefits are plentiful, but it can become a nightmare if one…

Category:CIBIL Score Archive
Best Investment Plans to Invest in India 2024
January 04, 2023

Investors look for fast gratification even though patience and discipline can lead to superior results. We want to accomplish our life goals as quickly as we can. The same is true with investments. In the shortest possible time, we want to generate the highest return. We constantly search for the…

Category:Mutual Funds Archive
RBI Spikes Repo Rate by 35 Basis Points to 6.25% and Lowers GDP Forecast to 6.8%
December 07, 2022

Lately, on December 7, 2022, the Monetary Policy Committee of the Reserve Bank of India (RBI) surprised everyone with the announcement of another repo rate hike by 35 basis points to 6.25% with the mandate of immediate effect. After this fifth repo rate 2022 hike, the RBI policy has reached…

Category:Financial News
Second Highest GST Collection in October, Clocks at 1.52 Lakh Crore
November 03, 2022

A recent notice from the finance ministry revealed GST revenue surged 16.6% to roughly INR 1.52 lakh crore in October 2022, making it the second-highest collection ever. GST revenue reached a record high in April, clocking at INR 1.68 lakh crore. On the other hand, the GST receipts in October…

Category:Financial News
MCLR - Marginal Cost of Funds Based Lending Rate
October 18, 2022

MCLR stands for Marginal Cost of Funds Based Lending Rate. It is an internal benchmark or a reference rate that a financial institution is expected to adhere to. It determines the lower end of home loan rates of interest. Banks are prohibited from lending money to borrowers with interest lower…

Category:Home Loan Archive