Fundmytra

You would have came across the terms “Written Off” and "Settled" in your credit report. There are 4 RBI approved credit bureaus they are CIBIL, Experian, Highmark and Equifax. The…

Credit cards come with a lot of features, such as additional discounts and interesting reward points. Credit cards also come in different categories to suit every type of need. Even…

Most people achieve their dream of buying a home with the help of a home loan. Over the last two decades, the demand for home loans in India has increased…

Whenever you need quick or short-term liquidity, personal loans could be your own knight in shining armor! You can get these short-term unsecured loans sanctioned in less than a week…

A bad Credit Score can be improved/ rebuild even without Credit Cards. Primarily you need to repair your credit history before you see your Credit Score improvement. The following factors…

Report cards have always been integral to our growth; showing our strengths and weak spots, indicative of our wellbeing and performance. Credit Reports are quite like that – highlighting our…

A Loan is an amount of money provided to the borrower by the lender with or without any collateral, with the promise of repayment of the initial amount borrowed along…

Let us understand that there is no separate defaulters list with the banks or credit bodies. Rather, credit companies maintain data pertaining to your repayment performance on the credit of…

If you own or run a restaurant or a food business, this is your chance to jump on the online bandwagon. But be alert - because, with the tremendous growth…

It is observed based on facts that only a micro percentage of MSME units could avail bank finance and the majority are still left out from availing Bank finance. Such…

There are two different types of loans available in the market- secured and unsecured loans. Personal loan top the list of unsecured loans which bites in the back later on.…

There might have been a period in your life when you shared a room with a friend or colleague. It could be during your college days or your early employment…

HRA – Salaried individuals who live in rented accommodation can avail the benefit of this deduction. The extent of deduction which can be availed is subject to the provisions of section 10(13A) of…

A lot of instant loan applications sprouted when the country started to get into a lockdown that was induced due to Covid-19 and people started to face a cash crunch.…

The RBI (Reserve Bank of India) decided to introduce the 'positive pay system' for cheque a couple of months ago. Under the new rule re-confirmation of key details may be needed…

Is your current car loan proving to be a burden? Does it charge you a high-interest rate and hefty monthly payments? If this is the case, you’d be better off…

You will experience a unique mix of relief and pleasure after paying the final installment of your home loan. The effort – of applying for a loan, making the down payment,…

With new buildings burgeoning everywhere, there is a huge demand for new flats. And yet, most people opt for a resale home. However, taking a call on whether to invest…

While MSMEs are still learning how loans can help them unleash their full potential, they need quick and carefully guided access to funds to help their enterprises reach their full…

Medical emergencies often come unannounced. No matter how good you are with planning your finances, such crises in the family could severely impact your financial health. With the cost of…

Home Loan is provided by financial institutions such as Banks or Non-Banking Financial Companies (NBFC) based on the eligibility of the applicant calculated after assessment of the applicant’s repayment capacity as well…

Real Estate Regulatory Authority (RERA) is the government authority that oversees the real estate transactions especially homes and properties newly built or developed. One must be aware of the necessary…

Both the landowner and the builder are important stakeholders who invest a great deal of enthusiasm and commitment in a real-estate project, whether it is flats or villas. A buyer…

Interest charges on the unpaid amount on your Personal Loans and Credit card attract some of the highest rates of interest. Often ranging from 15-20% Personal loans command a premium…

Whether you are looking for finance to invest in your business, planning your dream wedding, or need funds to tackle emergency medical issues, you can avail of a loan against…

Haven’t we all at least once in our lifetime been skeptical about availing a personal loan to meet financial shortcomings? Yes, Certainly! This is because personal loans may be misconceived…

By now you are aware that a quick fix to managing your cash problems is by getting a Personal Loan or a Credit Card. Personal Loans are unsecured loans that you don’t need…

Is taking a Personal Loan good for Business Purpose? A personal loan is solely dependant on the credit line of an Individual. Check out if it is a good bet…

A loan against property (LAP) is a secured loan given against residential or commercial property such as a house, shop, etc. This loan can be used for funding business expansion…

Once the final EMI of your home loan is paid, you become a proud owner of a home. It is an exciting and emotional moment and a time for celebration.…

The last date for filing income tax returns is almost here i.e Dec 31st, 2020. So, it’s time to gear up and complete the annual tax filing before the date.…

Loans usually come with different Interest levying Mechanisms i.e Flat interest and reducing interest. While the Interest rates remain the same, the levying mechanism changes. Let's take a look at…

Personal loans have become readily available to potential borrowers via online and traditional mediums. Lenders are going the extra mile to lend client-friendly loans to ideal borrowers. As customers come…

Purchasing life insurance is a must, especially if your spouse and children are dependent on your income to survive. Even if your spouse is earning, it would be a good…

A personal line of credit is mostly like a loan but works similarly to a credit card. This is because, with a line of credit, you get a specific loan…

Vehicle Insurance is an important document a vehicle owner should have and is also subject to a penalty if not carried along always. Insurance is an important document that helps…

Bangalore is one of the top-performing Residential markets in India. It has also been taken a big hit in the segment due to the Covid-19 impact. With steady growth registered…

In spite of being the best-selling financial product and the most famous one, there are certain things you should not ignore while taking a personal loan. Borrowing is a serious thing…

If you love keeping up with the happenings in the country through newspapers, TV channels, or online articles, you might now come across cases of credit card frauds on a…

The Central government has agreed to waive off compounded interest for loans up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted…

Today, a lot of people use a Credit Card for various online transactions and enjoy the benefits that come with it. In this write-up, we state how you can earn…

The Central Government has told the Supreme Court that it will likely come with a decision by 1st of October regarding overcharging of interest by banks on installments which were…

You have done everything right, but you are still left analyzing your loan application outcome. Loan rejection is the most frustrating feeling, especially if you are in dire need of…

Yes, you can bounce back from a low Credit Score. Here’s how you can rebuild your score and become credit-ready. It’s a common misconception among consumers that someone with a…

Just like all other types of loans, it is essential to collect as much information as possible when taking a loan for education. Some of the most important things you…

Investing on a new house or flat is one of the most crucial decisions of your life and is probably an idea you have been nurturing since a very young…

Banks, HFCs and various state Governments are coming up with innovative and subsidized solutions to uplift the real estate sector that seems to have been hit the hardest. The measures…

Has your loan application been rejected, and that too, several times over? Most of the times the reason could be your poor credit score. Your credit score reflects your credit…

With increasing ease of access and higher disposable income, consumption patterns have undergone a drastic change. Today, you can either make a purchase through cash or you can use short-term…

Whenever we apply for loan, we aspire for some tax benefits from it. Under the Indian laws, there are tax benefits on repayments of a loan. This blog will help…

In India, Property Tax is levied by the municipal authorities on real estate such as residential, commercial and industrial. It is based on the property value. The rate of property…

Indians have special attachment towards gold. Sometimes this attachment goes beyond the obvious intentions of gaining from any rally in gold prices. For Indians, gold remains a safe haven that…

Buying a home is one of the most significant milestones in a person’s life; a dream-come-true feat, isn’t it! After all, you have spent a fortune on your property. However,…

While MSMEs are still adopting and learning how loans can help them realize their full potential, they require quick and carefully guided access to capital to help their enterprises reach…

When opting for a home loan, borrowers are often in a dilemma over whether to opt for a housing finance company or bank. We examine the advantages and disadvantages of…

Its tough finding a home that matches your lifestyle and impresses you to host you for your life. Also, funding is not any issue with many banks lining up to…

There are two types of taxes that Government of India levies on its citizens i.e Direct tax and Indirect tax. Indirect taxes are usually transferred to another person after being…

Businesses need to pay taxes on the revenue and the income they generate. they are in the form of Direct taxes and indirect taxes. Direct taxes are one that are…

Purchasing a new home or a plot of land may not appear to be different to many people and both purchases would be referred to as buying property in common…

Compared to Residential property loan, commercial property loan is very much different. A home construction loan is an easy task as banks are keen to fund residential properties depending upon…

The emergence of Startups has also heralded the new age of employee compensation structures. Startups are innovative ‘by-default’ and their creativity also extends to the sphere of how their employees…

As a Small Business owner and Retailer, outfitting your venture to accept card and mobile payments is a much needed payment modes to stay at par with market norms. With…

Merchant discount rate (MDR) is the fee levied by banks from merchants for providing them with payment and settlement infrastructure - or POS (point-of-sale) machines and Payment Gateway for internet…

Startups are young, dynamic and innovative in nature and usually have a resource-crunch. Currently facing lockdown situations across the world due to the COVID-19 outbreak, startup founders need to find…

CIBIL or a Credit Score is a key requisite to avail a loan either from Bank or a NBFC as it gives them a clear picture to the lender on…

Borrowers are provided lesser property valuation for approving loans as the real estate sector has taken a hit due to the economic crisis by Covid 19 pandemic. Real estate prices…

The Reserve bank of India which provided 6 month Loan Moratorium till August 31st may consider furthering the moratorium period for select loan categories amid increasing number of Covid 19…

Building Plan approval is the first legal step to start with the construction of a building. If construction initiated without obtaining approval, there is always a legal risk for building's…

UPI transactions had fell to nearly 1 bn transactions in April due to Covid related restrictions pan India that continued for nearly 2 months. Online transactions too fell as the…

Banking are at the forefront to offer loans to people amid the ongoing covid crisis. The pandemic has impacted health and wealth of many and is holding the economy in…

Money is an important aspect in everyone's day to day life. From buying milk everyday to fuel your vehicle, you need to have some money, else the things get tougher.…

The startups in India had a very busy run in the past decade making hundreds of funding transactions. But 2020 is no cake walk for Indian startups who were hoping…

Micro, Small and Medium Enterprises (MSMEs) are businesses engaged in production, manufacturing, processing and preservation of goods and commodities. They are established under the Government of India's Micro, Small and…

Maintaining a good credit history is a key to have an efficient financial credibility which helps in borrowing money from organized finance sector i.e Banks and NBFCs (Non Banking Finance…

Business Loans just doesn't just help with scaling up your business and provide with capital needs, but also offers tax benefits. The interest paid on Business loans is tax deductible…

Retail Loans constitute the large number of loans sanctioned by banks and NBFCs (Non Banking Finance Companies). Generally smaller in value, the EMIs are smaller with less tenure extending up…

There are many tax benefits if you avail a home loan. Repayments to a certain is exempted from Income Tax which is covered under Section 24 of Income Tax Act…

You might have heard about Hypothecation while purchasing a car or a two wheeler especially while availing a loan to buy them. What does it mean? Let' understand. What is…

It is a unique and first-of-its-kind crisis in the world that we are facing due to Covid-19 pandemic. Every sector of Business is affected along with their employees and people…

Covid 19 crisis in India has left the credit sector struggling with companies backing out on Loan repayment utilizing the RBI's provision of 6 month moratorium. The case is the…

A notion of starting own business is great. Unfortunately, an idea is not just enough for fulfilling it, you need capital too. Funding your business may be hard i.e source…

Moratorium period is the period of time during which you do not have to pay an EMI on the loan taken. This period is also known as EMI holiday. Usually,…

What if the TDS (Tax Deducted Source) has deducted out from your account but fails to show up on your Form 16A while filing annual returns? Understanding How TDS Works?…

Who doesn’t love a risk-free investment? Particularly in India, the popular financial philosophy is to maximize savings and keep your money secure, while letting it grow at a steady pace.…

Unforeseen financial events could occur anytime, including even after you have already taken a Personal Loan. What if you are already repaying a Personal Loan, but an unexpected event now…

Covid-19 virus have made even the biggest economies cripple and halt. With many Nations trying their best to not let their economies fall into recession, it's still a long and…

A Personal loan balance transfer is a process that allows a customer to transfer his or her personal loan from an existing lender to a new lender.  By means of this, you…

The Government of India has eased EPF (Provident Fund) withdrawal rules to help people access their funds amidst the COVID-19 pandemic lock down. Here’s how you can do just that.…

A Home loan is the first step to fulfill your dream of owning a home. The final stage of the loan process is the disbursement. So, what is disbursement? It is the…

Home Loans come with a ton of benefits for first-time home buyers as they can avail additional tax benefits on the interest repayment of the Home Loan as well as…

Whenever one speaks or thinks about post-retirement life, the typical problems that come to our mind are proper financial support and lack of regular income for taking care of healthcare,…

There are many business owners who do not rethink of their business loan once it is taken. Many business loan borrowers go with a “set and forget” approach towards their business loan…

Personal loans are a kind of unsecured and multipurpose loan extended by financial institutions. This is a term loan which comes at a fixed interest rate ranging from 11% - 37%…

A collateral is an important for availing a secured or a asset backed business loan. If you are looking for a way to fund your business, then a loan against…

Buying a own home is among the most significant decisions of an individual’s life. All your life you work towards realizing the dream of having your own roof, saving bit…

Real Estate Developers and Agents throw a lot of Jargon that are pretty difficult to understand especially First-Home Buyers. Few of those terms are Carpet area, Built-up area and super…

Building a house of your own is everybody’s dream. But it requires lots of planning, from designing its architecture to laying the first foundation, constructing from ground up and designing…

Entrepreneurship is not just about starting a business by investing some capital and deriving profits. It is the way of creating value for a product or a service and making…

The Union Budget for the financial year 2020-21 announced by the Finance Minister, Nirmala Sitharaman will be effective from April 1st. There are a new schemes and changes announced by…

The Reserve Bank of India’s loan deferment announcement to borrowers amid the COVID-19 outbreak is a welcome relief. However, one needs to consider these details before you make a decision…

As per the guidelines of Reserve Bank of India to combat Economic pressures amid Covid-19, HDFC has provided all its retail and corporate customers to avail up to 3 months…

RBI directions to Banks will now have discretion in deciding the limits on individual working capital, with Central Bank saying that no payment miss by borrowers should be considered a…

The GST (Goods and Services Tax) Council, in its 33rd meeting, announced reduction of GST rates for under-construction houses to 5 per cent, and 1 per cent for affordable housing with…

There is a lot of efforts being put by the Union and Central Governments to curb the rise of Covid-19 cases and have imposed a 21 day lock down till…

Your credit score is the one which defines your overall financial health, hence it’s very important to take care of it & to know about the components which can affect…

The Government of Karnataka has cut down the stamp duty charges levied while purchasing a property either land or flats in the State by 3 percent. With this announcement, properties…

A Home Loan offers the perfect opportunity to purchase your dream home, without putting a strain on your income or even your savings. However, like any loan application, there are…

Owning a Flat? Have you realized the value of the property you hold in the gated community? Here's a quick look into understanding the concept of Undivided Share of Land…

Usually, firms need additional funding in order to expand in operations or reach higher revenue levels that wouldn’t be possible otherwise. These firms can raise such additional funds by primarily…

Credit Cards have revolutionized the way of borrowing money. The cash advance feature available on your Credit Card lets one to withdraw cash from any ATM. You get avail instant…

Frauds and Loan Defaults are the key reasons for unpaid loans in India which then turn into a Non-Performing Asset (NPA). Usually Indian Lenders including Banks and NBFCs believe that…

Getting a loan in India is a cakewalk if you meet the eligibility criteria but the main concern among many is to decide whether to choose a bank or NBFC for loans in India.…

There are Credit Cards from various companies that come with a lot of amazing offers to help you save some money while shopping. The Cards have lucrative deals bundled with…

Taking a Home Loan is a big step in one's financial life. While this investment can help you save taxes on the interest paid up to Rs.5 lakhs, it also means taking on…

Finance Minister Nirmala Sitharaman today announced new income tax rates and slabs alongside the existing tax slabs and rates.But these new tax rates are optional and will be applicable for…

Serving the government or in public office as an employee is a matter of pride. A government job not just ensures job security but also a wide range of benefits.…

Whether it is a new business idea that has taken hold of you or simple dissatisfaction with your current employer, there can be several reasons why you would want to…

A home loan balance transfer is also known as refinancing or simply as a balance transfer. It is an option that a lot of people opt for, to avail of…

There is more to buying your dream house than taking a home loan and repaying the principal and interest over a fixed period of time. Home loan — often one of the…

When you decide to become an entrepreneur, you are practically deciding to give birth to a child. What becomes of it is solely your responsibility and that’s the most challenging and…

Women entrepreneurs have become an integral part of today’s corporate world. Not only are they able to equalize their duties of both motherhood and entrepreneurship but also, they comprise almost…

Among the most major decisions that are driven by a investor’s psychology rather than financial factors, perhaps the biggest is buying a house, the space we occupy seems to play…

When you’re interested in setting up your own enterprise in India, having an answer to the question, ‘What is an MSME?’ is extremely important. In a nutshell, MSMEs are Micro,…

The outlook for India’s economy may be gloomy for now, but one sector looks set to boom: online retail. As more and more Indians use the internet, revenues of e-commerce…

Business partnerships play a vital role in the success of new ventures. They come with extra managerial support - a blend of intellectual, monetary capital, and skills. Stay alert with…

Buying a dream home is a big decision for most of us and one that involves the entire family, not just the borrower. Families usually spend a lot of time…

What Is Top Up Loan? The top-up loan, as the name suggests, is the additional loan you take on your existing personal loan or a home loan. If you are…

From medical emergency to marriage function, there are several called and uncalled events in life when you might need funds that you don't readily have. A Personal loan is one…

The process of estimating the value of the property is known as valuation. There are numerous methods for assessing the value of a property. Valuation gives useful insight to both…

The necessity of additional funds over and above one’s income and savings is a common phenomenon, especially with rising requirements in the current scenario. Although there are various ways of…

Home loans are gaining popularity as a convenient way for property purchases. However, there are various home loan myths or misconceptions. To better understand Home loans, one needs to bust these…

Co-branded credit cards are the product of a mutual partnership between a particular merchant and a credit card issuer. Together, they create a credit card that bears the merchant’s logo…

A Business plan is a formal document that contains all the prospective business objectives, goals and especially financials. Notably, a business plan is a roadmap that provides direction to the business. The…

Credit Card EMIs can be useful and convenient, but there are these scenarios in which to use them. EMIs on Credit Card comes in handy when you want to buy…

Personal Loans are the most widely used financial product be it for travel, festival celebrations, buying gadgets or wedding preparations without any restrictions. In spite of its convenience, it also the…

Credit Cards come handy when you’re traveling abroad. They allow you to make payments and transactions without carrying any cash with you. Here's some light on the benefits of using…

What are Personal Loans? Loans provided by the Banks and NBFCs to the eligible borrowers without any usage limitations or Restrictions are Personal Loans. Whether it be a medical emergency or any…

Thought the term is a new concept, Home Loan Insurance can save you from a lot of troubles. India is a huge country with a wide variety of flora and…

The most prior thought in your mind when you take a loan to purchase your home will be the loan repayment aspect. Your home loan is repaid through equated monthly installments or…

Purchasing a new home or a plot of land may not appear to be different to many people and both purchases would be referred to as buying property in common…

What is Guidance Value?The property/asset guidance value is a non-negotiable price per sq. ft. for properties in a particular locality defined by the Government. A well-developed and commercial locality will…

The emergence of Personal Loans has completely transformed the way in which the current generation meets their lifestyle aspirations or the way in which financial support is availed in the…

Availing a housing loan is quite common in India, considering the high demand within the real estate sector in this day and age for luxury or affordable luxury, and with…

Loans have become an integral part of everyone’s life today and help us achieve some important life goals. Be it buying a car, buying a home or affording kids overseas…

The financial year 2019-20 is going to end in nearly a quarter, individuals having gross total income exceeding the taxable limit must file an Income Tax Return (ITR) on or…

Banks usually reject more Credit Card applications each day than they approve. Due to an increasing number of Credit Card payment defaults, nowadays, financial institutions have added extra measures when…

Credit Card is a prime factor in getting your loan sanctioned and is used by the Banks to know the applicant's creditworthiness. It is very important to build a credit…

Every business or a startup starts with a vision, a dream of taking an idea to reality. A business or an idea may look great on paper but many companies…

Building or Buying your own house is a dream come true for everyone. The Indian government has always shown a great inclination to encourage citizens to invest in a house.…

If you have just received your premier signature card from your bank and are absolutely thrilled, just hold for a moment. Your immediate urge maybe is to go out on…

Gold Loan (also a type of Mortgage) is a loan wherein gold jewelry is provided as collateral security. Gold Loans are offered by nationalized banks, private banks, and other financial…

Till about a decade ago, taking a loan meant a long cumbersome process that involved several trips to the bank and agents, conversations with multiple bank officials, comparing interest rates…

Karnataka state Regional Transport Office strictly follows all traffic regulations and laws. These are expected to be diligently followed by everyone in the state. The applicants must first give a…

Unified Payments Interface is the brainchild of the National Payments Corporation of India (NPCI). As of today, UPI is the most powerful Banking tool witnessing more than a billion transactions…

Credit Cards easily provide you financial support in the form of Plastic Money for utilities and personal Usage along with up to 45 days of Interest-free repayment options. Not just…

Banks in Karnataka State observe 25 banking holidays apart from Sundays and Second/Fourth Saturday of Every Month. The list of holidays include both the National Holidays and Regional Holidays of…

You would have received mail or a message on your email id and mobile number about having a pre-approved loan from various banks and NBFCs. Here's what you need to…

India is the World's Startup hub and is seeing positive progress over the past years due to government policies and support for startups. Due to the prevailing situation, there is…

Permanent Account Number or PAN is a unique alphanumeric 10-digit number allotted to every taxpayer by the Income Tax department under the supervision of CBDT - Central Board of Direct…

Credit Score is an important factor that any lender will look into while evaluating your loan application. Therefore, it is important to understand how the Credit score is formulated to…

If you are familiar with the concept of credit rating, you must be aware that a low credit score implies increased rates of interest and a higher level of verification…

Maintaining a Credit card is a tricky business and a small dent would make huge damage to your Credit Health. To maintain a good credit score, here are the 5…

Plastic/Card money has revolutionized the commercial world in the last two decades in the form of Credit/Debit Cards, Wallets and most recent UPI systems both for consumers as well as…

Small Businesses usually run on loans availed either through a Bank, NBFCs, or local lenders. Defaulting on these has dire consequences. If the case is a Bank or an NBFC,…

Loan against property provides immediate access to funds for salaried and self-employed against an asset as a mortgage. As the loan is a secured one, it brings multiple benefits for…

Acquisition of funds that helps you to build your startup or business is an immense challenge, especially if you do not know where you should start to look for a fund. Confiding…

Pradhan Mantri Awas Yojana by the Government of India comes with various features and benefits. Dividing among different economic classes, the scheme intends to provide Housing for all. Here's a…

Pradhan Mantri Awas Yojana (PMAY) –  is a central government scheme launched with an aim to make buying home easier for: Economically Weaker Section Low Income Group Middle-Income Group The scheme offers…

It was many Public Sector Banks to name in 2017 with almost 27 banks, among the highest numbers in the world, had captured the sector the market in pieces with…

When you apply for a home loan, the bank has every right to accept or reject the same. In case your loan is rejected, your bank may or may not…

A Personal Loan is a convenient financial resource you can turn into when a financial need arises. It also provides certain perks to enjoy while availing as it is unsecured…

Representative Image: Factory Workers Indian economy is almost nearing its worst crisis in the 21st century with loss in jobs and is approaching economic downtime. This crisis is not expected…

The Centre gets almost double the requested budget from the RBI at 1.76 Lakh Crs against 90k Cr.The fiscal deficit target has been set at 3.3% of GDP for the…

Credit Cards are great financial tools. They empower you with financial convenience and flexibility, but as you may already know, no power comes without responsibility. So, if you’re currently at…

The most popular option during any financial emergency would be either a Credit Card or a Personal Loan. Depending on the nature of your emergency, you can choose either. We’ll…