Everything you should know in the world of Finance

Loans have become an essential part of our lives, whether for personal reasons or business operations. In India, one of the key criteria lenders consider before approving loans is the credit score. While a credit score of 750 and above is considered excellent, a score of 700 falls into the next category, indicating that lenders view you as a moderate-risk borrower.

When you apply for a personal loan, you are sharing a lot more than just numbers on a form. You are revealing details about your income, work life, identity, and personal financial behaviour. Naturally, you would not want these details falling into the wrong hands. However, with numerous online platforms, apps, and intermediaries available today, maintaining privacy is no longer as simple as it once was.

In India, some people opt for balloon payment loans because they require smaller monthly payments at first, with a hefty final payment due at the end of the term. This arrangement may appear manageable at the outset; however, the substantial final lump sum can present a significant challenge, particularly for shopkeepers, freelancers, or farmers whose incomes are variable. Failure to secure the necessary funds upon loan maturity may result in financial distress or loan default.

Personal loans have become a go-to option for lots of Indians when it comes to handling major expenses—things like home repairs, medical emergencies, weddings, or even paying for higher studies. With online applications and hardly any paperwork, it’s now easier and quicker than ever to get a personal loan. But while this convenience is great, you also need to watch out for risks to your personal data and privacy.

Many companies today are adopting employee stock ownership plans (ESOPs) to enable their workforce to share in the business’s growth and success. As employees earn vested shares within these ESOP programs over time, they have a unique opportunity to access liquidity without having to sell their stake.

A personal loan can help you pay for big expenses, like fixing your home or buying new appliances. These loans usually have lower interest rates than credit cards, and you can pay back the money in easy monthly instalments over a few years.

However, it’s essential to research and compare loan terms to find the best option for your situation. Carefully consider what you can afford in terms of monthly payments before borrowing.

Employee Stock Ownership Plan (ESOP) financing allows employees to borrow money against their company shares without selling them, offering liquidity while maintaining ownership. Whether you're looking to leverage your ESOP shares for a personal loan or to finance a large purchase, understanding the application process for ESOP financing is crucial. Here's a detailed guide to understanding the ESOP loan application steps and ESOP financing application process:

With rising inflation and lifestyle expenses, individuals are relying on credit cards to meet their monthly budgets. However, increasing credit card debt can quickly get out of control if proper debt management is not followed. As outstanding balances continue to grow, you may soon find yourself struggling to keep up with high-interest charges and minimum payments across multiple credit cards.

Obtaining education loans assists numerous ambitious students in following their academic dreams every year. However, these debts need sensible administration and well-planned repayment to prevent unwelcome consequences like penalties, credit damage or legal trouble. With quick financial education loan repayment planning, loan recipients can maintain healthy credit while fulfilling payment commitments without chaos.