A low CIBIL score due to loan defaults can significantly limit your access to personal loans. By exploring alternative lenders and strategies, you can still secure financing. You can also explore PayMe’s Credit Assist facility to improve your CIBIL score…
The Repo Rate is the interest rate at which the central bank lends money to commercial banks with the idea of regulating credit availability. While the reverse repo rate is the rate at which a commercial bank lends funds to…
The world of finance is rapidly growing, thanks to the digital era. This brings forward some innovative solutions that simplify and enhance our daily transactions. National Automated Clearing House(NACH) is an advancement designed to replace outdated paper-based systems. NACH helps…
In the financial world, the concept of leverage ratio plays a significant role, especially in assessing the financial health and stability of different companies. It is a type of financial measurement that looks at how much capital comes in the…
Jumbo loans have witnessed a surge in popularity within the realm of home financing, particularly among individuals searching for upscale properties. These are designed to provide borrowers with larger loan amounts. Jumbo loans offer unique opportunities and challenges which enables…
In today’s digital era, online transactions have become the new normal. Interchange fees are the charges that a merchant’s bank account pays to process credit and debit card transactions. In this blog, we will delve into the world of interchange…
Hedge funds have emerged as an alternative investment that attracts both praise and criticism. They have become noticeable because of their potential to generate superior returns and manage risks effectively. In this blog, we will explore the concept of hedge…
Fintech companies have given us a different idea and changed our thinking towards banking and financial services. As mobile banking and digital payment methods are rising, Fintech companies are offering innovative solutions that are both convenient and affordable. Freemium is…
With this ever-growing technology, consumers and producers are turning towards digital payment methods from traditional payment methods to make transactions, which have proven to be faster, easier, and more convenient. An electronic check, or E-check, is a digital payment method…