Urban Money Blogs

ARN Code in Mutual Fund
May 10, 2023

Everyone has heard the commercial line, "mutual fund investments are subject to market risk." But one can still take greater precautions to lower the risk. Therefore, it is the intermediary's responsibility to inform and upskill the investor about the potential risk factors. The interests of the involved parties in the…

Category:Mutual Funds Archive
Renting vs Buying: Factors to Consider Before Making a Decision
May 05, 2023

Having a home of one's own is a significant aspect of living. However, choosing between buying and renting has an effect on your financial situation, way of life, and personal goals. You can choose any of the options based on your way of life and financial situation. Both require a…

Category:Home Loan Archive
Home Loan Principal Amount: Tips for Borrowers
May 04, 2023

There are multiple facets of a home loan. But the majority of it is covered by the part known as the home loan principal amount. Many first-time home buyers who are looking for financial assistance are often confused about these elements of a home loan. However, it will be prudent…

Category:Home Loan Archive
Home Loan Disbursement Stages
May 03, 2023

Purchasing a home is a significant milestone in everyone's life, but it can be a daunting task, especially when it comes to financing. A home loan can be an excellent solution for people who do not have the means to buy a property outright. However, the process of availing of…

Category:Home Loan Archive
Home Loan Sanction Letter : How to Apply, Meaning and Process
April 26, 2023

Sanction letter is an important document that provides clarity and transparency in the loan process. It outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, processing fee, prepayment charges, security or collateral, and other relevant details. This letter helps the borrower to understand…

Category:Home Loan Archive
IAY : Indira Awas Yojana ( इंदिरा आवास योजना )
April 26, 2023

In a country as diverse as India, providing adequate housing for every citizen is a daunting task. However, with the implementation of the Indira Awas Yojana (IAY), the Indian government has taken significant steps to provide shelter to the economically weaker sections of society. Over the years, the program has…

Category:Home Loan Archive
Haryana Real Estate Regulatory Authority (HRERA)
April 24, 2023

The Indian government has established various authorities under the Real Estate (Regulation and Development) Act 2016. These authorities ensure that the objectives of the Act are implemented. One such authority is RERA Haryana which has sworn to drive the real estate market in Haryana. It is a one-stop shop for…

Category:Home Loan Archive
How To Use Your Credit Card Like a Pro
April 20, 2023

Credit cards have become a ubiquitous part of modern-day spending. In India, the popularity of credit cards has increased, with over 50 million in circulation as of 2020. That's a lot of plastic power! While a credit card offers enhanced convenience and flexibility, it is a double-edged sword if not…

Category:CIBIL Score Archive
Right Way to Transfer Money From a Credit Card to Bank Account
April 17, 2023

Credit card is one of the most used means of transactions. Where most of the payments in today’s era can be made through credit cards, certain payments are made towards home loans, car loans, etc., where credit card does not work. A credit card has numerous advantages, including the flexibility…

Category:CIBIL Score Archive
Home Loan Provisional Certificate
April 14, 2023

If you plan to take out a home loan, you might come across a document called a "Home Loan Provisional Certificate." A Home Loan Provisional Certificate is a document issued by a lender that provides provisional details of the interest paid on a home loan during a financial year. It…

Category:Home Loan Archive