Here is a low-down to what happens to outstanding loans in case of the sudden demise of a borrower.
The specifics vary according to the type of loan, but you can generally anticipate a bad reputation for your credit history if you missed EMI
A credit card against a Fixed Deposit is like borrowing your own money where FD acts as a security or collateral
Just like we teach our kids good etiquette, healthy eating habits, how to stay physically fit, imparting basic financial lessons is equally important
A credit score of below 649 is considered a poor CIBIL rating and a lender may reject your loan application
Known as Titan Pay, Titan and SBI are launching a range of stylish new watches with contactless payment functionality for the first time in India
Credit cards are like double-edged swords. They're helpful during an emergency but it takes no time for them to become a burden
A high interest rate on credit cards, as high as 40-50% per annum, along with late payment fees, is very difficult to handle for any individual
While using a credit card one should be judicious and timely in repayment to avoid the huge charges imposed on delayed payment
While rural branches went up marginally, banks tried to deliver services through the business correspondents