Urban Money Blogs

India is primarily an agricultural economy, and farmers are the backbone of our nation. They work tirelessly to provide us with food and nourishment, yet often face challenges in accessing financial services and credit. That's where the Kisan Credit Card (KCC) Loan Scheme comes into play. This scheme, introduced by…

After the unexpected turn of demonetisation, banning the INR  2,000 notes in India has sent shockwaves through the citizenry. The abrupt announcement has left people in a state of bewilderment, concerned about the impending chaos that lies ahead. In a twist that caught the nation off guard, the Reserve Bank…

In India, the e-Tailing market is in full swing as a huge proportion of the population has started giving preference to online shopping instead of offline shopping. Additionally, technological advancements have roped in advanced payment gateways with high security. With time, these payment gateways act as the organization's cornerstone.In-depth data…

Home equity loans, also known as equity loans, home equity installment loans, or second mortgages, are a type of consumer debt. Home equity loans can be used as collateral for loans by homeowners. The loan amount is the difference between the home's current market value and the homeowner's outstanding mortgage…

A plethora of conventional credit cards are available to the general public, including gold cards, platinum cards, and even uncommon titanium cards available to individuals who qualify. Black credit cards put the other cards to shame by winning the race of exclusivity. These ultra-high-status cards, which are extended exclusively by…

When considering buying or selling a property, it will be imperative to check whether the property has an encumbrance certificate available. This is essential as one will have access to information about the property's current owner as per government records, the transactions the property went through, and whether the property…

Vidya Lakshmi Education Loan Scheme is a government initiative to provide financial assistance to students pursuing higher education. Under this scheme, loans are provided to students from different banks and financial institutions across India. The project was launched under the Pradhan Mantri Vidya Lakshmi Karyakram, an initiative to improve literacy…

It will be intriguing to know that there are agencies that solely involve themselves with the analysis and grading of investment instruments and credit risk. These deem useful for many banks and lending institutions in determining how much capital they can deploy on an individual or entity on a credit…

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…

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…