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Press ReleaseMonthly Archives: May 2024
In personal finance, two common options for obtaining funds are personal loans and lines of credit. While they might seem similar at first glance, they serve distinct purposes and come with unique features. Understanding these differences is crucial for making informed decisions about your financial needs. In this blog post, we’ll delve into the nuances…
Medical emergencies can strike unexpectedly, leaving individuals and families grappling with not only health concerns but also the daunting prospect of mounting hospital bills. In times of crisis, a personal loan can serve as a lifeline, offering the financial assistance needed to cover medical expenses and alleviate the stress of navigating healthcare costs. In this…
When faced with unexpected expenses or financial emergencies, many individuals turn to loans as a solution to bridge the gap. While salary advance loans and personal loans are two common options, they serve different purposes and come with distinct features. In this blog post, we’ll delve into the benefits of choosing a personal loan over…
Personal loan serves as a versatile tool for addressing various financial needs, from funding weddings and vacations to covering medical expenses and debt consolidation. However, when it comes to income tax implications, many individuals are left wondering whether personal loans offer any tax benefits under the Indian tax system. In this blog post, we’ll delve…
Repo rate plays a crucial role in deciding the interest rates on loans and fixed deposits. The repo rate is the rate at which the Reserve Bank of India lends money to commercial banks to help them meet their liquidity requirements under its liquidity adjustment facility (LAF). RBI’s rate-setting committee, the Monetary Policy Committee (MPC),…
