Urban Money Blogs

Black Credit Card - The Card of Wealth
May 16, 2023

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…

Category:CIBIL Score Archive
Tamil Nadu Encumbrance Certificate (TNREGINET)
May 12, 2023

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…

Category:Home Loan Archive
Vidya Lakshmi Education Loan
May 12, 2023

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…

Category:Personal Loan Archive
Credit Rating Agencies In India
May 11, 2023

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…

Category:CIBIL Score Archive
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