Urban Money Blogs

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
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