Urban Money Blogs

Budget 2023 Live Updates and Highlights
February 01, 2023

The major highlight of the Union Budget 2023 is the income tax rebate limit which has increased from Rs. 5 Lakhs to Rs. 7 Lakhs under the new tax regime. Finance Minister Nirmala Sitharaman has presented the Union Budget for 2023 today in Parliament today, which is said to be…

Category:Financial News
SBI is Offering 30-40 bps concessions on Home Loan Rates Till March 31, 2023
January 30, 2023

State Bank of India (SBI) is one of the major lenders in the public sector. It has recently announced a new scheme in its exciting festive offer, "campaign rates," wherein SBI is lowering its home loan interest rates by 30 to 40 basis points. This exciting deal is valid till…

Category:Financial News
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
Plot Loan for Land Purchase
January 12, 2023

Banks and financial institutions offer a plot loan to individuals looking to purchase a piece of land for personal or commercial use. These loans are typically used to purchase land for house building or investment purposes. The loan amount is disbursed to the borrower in a single lump sum and…

Category:Home Loan Archive
Corporate Identification Number (CIN)
January 09, 2023

CIN or Corporate Identification Number is a unique identification numeric sequence assigned to registered companies in India by a registrar of companies popularly known as ROCs. The Corporate Identification Number is an important recognition symbol that holds the ground for a company’s identity and comes in handy while the company…

Category:Business Loan Archive
Complete Details Loan Against Property Balance Transfer
January 05, 2023

A balance transfer is a facility that allows a customer to switch their lender for an improved or lower interest rate and services. Consequently, the new bank will be liable to pay the outstanding loan amount to the previous bank and take over the customer's credit facility. This special provision…

Category:LAP Archive
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
How do Late Payments Affect Your Credit Score?
January 03, 2023

If making a late payment and missing bill payments are your regular drills, it’s time to change your habit. Even a single missed payment can affect your credit score negatively, which will eventually be a problem when you wish to avail of a loan. Does paying minimum due affect CIBIL…

Category:CIBIL Score Archive
Tax Saving Mutual Funds
December 27, 2022

Mutual funds are a great investment tool that pools your investment amount and invests it in various return-yielding schemes. Tax-saving mutual funds let you enjoy tax benefits under Section 80C of the Income Tax Act. These funds are also known as Equity Linked Savings Scheme (ELSS). What are Tax Saving…

Category:Mutual Funds Archive