Urban Money Blogs

Bank Guarantee: Complete Process and its Types
December 21, 2022

A Bank Guarantee is a promise from a bank or NBFC to repay a customer's debt if the customer defaults on its obligations. This type of guarantee can be useful for businesses that need to borrow money or obtain lines of credit. By providing it, the bank can help reduce…

Category:Personal Loan Archive
Stamp Duty and Registration Charges
December 12, 2022

Owning a house is a dream for many, and equally dreadful is the legal proceeding behind it. A home buyer can only become a true possessor of their property after they have gone through the registration process of their ownership. And just to get to that point, there are many…

Category:Home Loan 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
Asset Management Company (AMC)
December 07, 2022

Firms called asset management companies (AMCs) are in the business of taking money from institutional and retail clients and investing in a wide range of assets. The company involves the investment of funds in assets of a capital nature, such as bonds, stocks, and other kinds of real estate. The…

Category:Mutual Funds Archive
Gold Loan Interest Rates
December 05, 2022

Many financial institutions in India allow the recipients of the loan to raise funds by pledging their gold reserves as collateral. The gold loan interest rates vary from 7% per annum to 29% per annum. The applicant can avail of a loan of up to Rs 1.5 Crores. And the…

Category:Personal Loan Archive
CIBIL Dispute : Types, Process to Raise CIBIL Dispute and Its Resolution
November 16, 2022

Sometimes, we fail to make on-time repayments and have bad credit scores because of our poor credit behaviour. But, the possibilities are we end up having a bad CIBIL score because of someone else. Sounds perplexing? Well, yes, this can be a situation too. You signed as a guarantor for…

Category:CIBIL Score Archive
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
Real Estate Regulatory Authority (RERA)
October 31, 2022

Fraud, misguidance, and misrepresentation have become common traits in every sector and real estate is no exception. Several buyers have filed complaints against the developers in the past decade looting them and not delivering the projects on time. Various real estate fraud cases, money laundering, false promises, etc., came to…

Category:Home Loan Archive
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
Buying a Property: Get Familiar with Circle Rate and Market Rate
October 17, 2022

Are you planning to purchase a property or invest in one? Well, that can be a tricky task, but you can choose to make an informed real estate investment decision. To make an informed decision, you must get acquainted with several things, including rates. As an anticipated buyer or investor,…

Category:Home Loan Archive