Urban Money Blogs

Personal loans have been identified as the most availed of products in the debt market in India. The technology-driven fourth industrial revolution has made the research and application process to obtain loan amounts from financial institutions fairly easy and convenient. According to studies, around 78% of credit requests are hinged…

Most people in the country consider relocating abroad for higher education, better economic opportunities, or the desire to start a new life. Adapting to an entirely new living environment in a new country has its own challenges and obtaining financial aid when in an unknown country can give you hard…

India, with its robust banking system and evolving digital landscape, has witnessed an upsurge in the demand for personal loans over the past decade. Personal loans, often touted as the go-to financial solution for immediate needs, can be a lifesaver when addressing unplanned emergencies, home renovations, higher education, or even…

Key Highlights  EPFO subscribers can withdraw their Provident Fund (PF) directly from ATMs using dedicated withdrawal cards linked to their UAN, providing 24/7 access to faster and more convenient transactions. Withdrawals will be capped at 50% of the PF balance to ensure funds remain available for future needs. Multi-factor authentication,…

On 25 November 2024, the Union Cabinet, led by Prime Minister Narendra Modi, approved the ₹1,435 crore PAN 2.0 project to modernise the tax system. Over 78 crore PAN cards have been issued so far, with 98% belonging to individuals. This latest PAN 2.0 card news highlights the project's aim…

Better debt management is crucial to avail of the available financial opportunities. Whether you wish to secure a personal loan, business loan, home loan, or even credit card, lenders have various metrics to determine your creditworthiness. One such metric they consider is your Debt-to-Income ratio (DTI). A good DTI ratio…

When money is tight, personal loans are the go-to solution. But they're not the only option. Many personal loan alternatives might better suit your needs. These alternatives to personal loans can help you manage unexpected expenses, make a big purchase, or deal with financial emergencies. This blog explores the 15…

Key Takeaways Reduced rates and waived fees can be appealing, but consider long-term financial impacts and total costs. Complimentary benefits like insurance or vouchers are tempting but shouldn't overshadow essential loan terms. Prioritise lenders with clear terms and good customer support for a transparent experience. Festive seasons bring attractive home…

The National Pension System (NPS) Vatsalya scheme is a savings and pension plan designed specifically for minors. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), this scheme allows parents or guardians to open an account for children under 18. With a minimum contribution of ₹1,000 per year and…

With great credit cards comes a great risk of credit card debt. As the festive season approaches, many consumers in India start preparing their wishlists on several online platforms. These platforms offer great deals, but it's crucial to understand that getting into these lucrative offers also marks the beginning of…