September 30, 2022

Experts Recommend That You Should Definitely Be Aware of These Factors That Affect Your Personal Loan Rate of Interest!

Nov 26, 2021

A personal loan is an amount of money that you can avail from banks and financial institutions at a certain rate of interest. This fund can be used for any purpose as you wish. In addition, lenders give you the option to repay the loan in flexible instalments. In a nutshell, a personal loan can help you arrange funds in a short time without the need to furnish any collateral. However, the EMI amount you pay for the personal loan depends significantly on the interest rate. Therefore, to ensure that you get competitive interest rates on your loan, you must know the factors that affect it.

Here are the factors that affect the personal loan interest rates.

  • Credit score

One of the significant factors affecting your interest rates is your credit score. Your credit score is an indicator of your past repayment history. Having a high credit score indicates that you are a reliable borrower and have repaid the loan timely in the past. If your credit score is high, you can get lower interest rates and even a high loan amount. However, if you have a poor credit score, the lender can charge you a high-interest rate. You must have a credit score of at least 700 to avail a personal loan.

  • Income

Your income is a significant determinant of your eligibility and so, it also affects your interest rates. If you have a high income, it means that you have enough money to repay the loan timely. It also means that you are unlikely to default on the loan repayment. This assurance lowers the risk for the lender, so they can offer you a lower rate of interest. With a poor income, they can doubt your repayment capacity and charge you a high-interest rate.

  • Job profile

Lenders consider your income stability to ensure that you will be able to repay the loan. Your job profile is an important determinant to find if your income is stable. If you have hopped jobs, it could mean that you do not have a steady source of income. Some lenders could consider you as an unreliable borrower charging a high-interest rate. If you are employed with a reputed organisation, you are more likely to get lower interest rates as it means you can make timely payments and are financially secure.

  • Debt to income ratio

Debt to income ratio is the ratio of your total debt divided by total income. If you have a high debt to income ratio, it would mean that you are spending a significant part of your income on EMI payments. Lenders can charge you a high-interest rate in this case. You must keep your debt to income ratio below 50% to avail a personal loan at a lower interest rate.

Considering these factors can help you get a loan at low-interest rates. However, you must always know that you can negotiate your personal loan interest rates by leveraging your financial profile and credit score. Apply for personal loan, today.

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Nov 24, 2021

Short term loans are also known as private mortgages. The mortgage usually lasts for about six months to three years. They are usually more expensive than a conventional loan and it is most opted for by those who don’t qualify for it. It is also a great option when you need money quickly and doesn’t have the time to wait for bank approvals. However, when you plan to take a private mortgage, you must approach a Certified Mortgage Broker. Before you take a private mortgage, you must know the advantages and the disadvantages.


  1. Less Interested in your past: Private mortgage is considered to be the best option for those who don’t have a great credit history as the private lenders show lesser interest in it. The loan is given based on the value of the property which is kept as a security against the loan. It is also a great option for those who are self-employed.
  2. Less Turnaround Time: When you are applying to a financial institution for a loan, it might take days before you hear back from them. With a private mortgage, this turnaround time is short. When you are looking for quick funding, it becomes the ideal option as you would be hearing back in a matter of days and not weeks.
  3. Can Use unconventional properties: Whenever you are taking a loan, you need to provide security against it. With conventional banks, there are certain guidelines that you need to abide by. In the case of private lenders, you can make use of conventional properties and get your loan against them.
  4. Specialisation in Particular Field: Most of the time the private lenders have specialization in the field for which they provide a private mortgage. When they are lending you money they have a better understanding of the circumstances and the kind of financial requirements that you might have.
  5. Helps in improving Credit Score: When you have a lot of unsecured debt like unpaid credit card bills and personal loans, you can consolidate all of it by taking a private mortgage. Clearing off all your consolidated debt will help to improve your credit score and reduce your interest rate.


  1. High-Interest Rate: Private lenders tend to charge higher interest rates against the private mortgage in comparison to the conventional mortgage rates.
  2. Short term: When you are taking a private mortgage, you can pay it off anytime between a year to three months. Before taking a private mortgage, you need to have a plan in mind about how you will be paying back all the money within the estimated time. With a conventional mortgage, you can pay it back slowly.
  3. Higher Closing Rates: In the bigger picture, the private mortgage does turn out to be a more expensive option as the closing cost is also higher. This is because you are required to pay the commission and the appraisal costs. All of this put together only increases the cost.

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How does qualitative analysis in stocks help investors?

Nov 24, 2021

When you are analysing a stock, besides looking at the numerical aspects of a company’s statements, there’s a whole set of other factors that you should be considering and that’s the qualitative factors. These primarily include the people and technology involved in the company., which is essential when deciding stocks to invest in.

Qualitative analysis in stocks deals with the management philosophy and technological factors of the company. Not all the factors that determine a company’s actual value can be quantified. Suppose a pharma company that has weak financials develops a cure for COVID-19 and gets the approval for the same, this factor, in itself, can help the stock prices to soar.

Qualitative analysis in stocks deals with factors mostly based on soft variables rather than justifiable hard numbers. Like in a job interview, besides looking at the record of your accomplishments in various examinations, an interviewer also tends to analyse your soft skills on the required parameters to make a final decision.

How to perform a qualitative analysis of stocks?

Management factor: The management philosophy of the company constitutes a major factor in the qualitative analysis of a stock. It helps in understanding:

  • The return on capital employed by the management
  • The key officials of the company and the expertise they bring with themselves
  • Key stakeholders’ vision for the company

The same can be extracted from different management filings and interviews, an exercise that is prudent to undertake when making stock market investments.

Employee factor: Employees represent the way a stakeholder is managing the company. These are relatively easy to calculate and comprehend. The same can be calculated using the retention and employee turnover ratios. Employee satisfaction has gained a lot of prominence with time.

Vendor factor: Vendors of the company also play a vital role in qualitative analysis. While vendors should be chosen for quality and competitive pricing, a competitive vendor’s view of the company, with a reputation in the market, should be given ample weightage.

Technological factor: When you are screening stocks to buy today, you should also look at the technological factors that the company has employed; a premier technology not available otherwise can lead to commendable success in operations and thus can help the share price to rise.

Institutional investment factor: Another important factor that helps in the qualitative analysis of a stock is the quotient of investment by institutional participants. Institutional investors do a comparatively robust analysis, considering diverse variables, which is generally not possible for a retail investor to carry out.

Related party factor: When a company has a major stake holding by a handful of parties, an eye should be kept on how transactions with related parties are shaping up. Related party factor helps in understanding if there are any charges for fraud or unlawful transactions.


Qualitative analysis of stock requires the gathering of data from sources like business journals, annual reports, annual general meetings, the official company website, and other filing reports. These factors do not have clear-cut definitions, so this kind of analysis is more of an art than science to know how much weightage is to be given to what factor. It’s important to remember that qualitative and quantitative analysis should go hand in hand. So, while deciding upon your stock market investment, make sure to give due importance to each.

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How Can a Disabled Veteran Start His Own Business?

Nov 23, 2021

After serving in the army, you might be looking forward to your new life post-retirement. In recent years, many veterans have gone on to become highly successful in their chosen careers. So, why not go for it?

If you are a disabled veteran, starting a business can be a lucrative source of income. Especially with business loan interest rates touching a record low these days.

So, let us explore how you can start your own business and enjoy your post-retirement years.

Make a business plan

First, select a business idea. You can pick something you are already skilled at, such as providing mentorship or public speaking. Or, you can consider online businesses like digital marketing and virtual assistant services.

Next, make a business plan. Include your business objectives, revenue model, short-term goals, and other salient points.

Once you have all this on paper, you can move on to the next step, which is arranging funds.

Finance your business

There are numerous ways to finance your business, such as:

  • Government schemes for veterans: You can avail the benefits of the self-employment schemes offered by the Department of Ex-Servicemen Welfare, the Government of India. These schemes come under SEMFEX and can be obtained via the Zila Sainik Board or the Rajya Sainik Board.
  • National equity fund scheme: The National Equity Fund Scheme (NEFS) is covered by the Small Industries Development Bank of India (SIDBI). It gives equity funding to small businesses, up to Rs. 50 lakhs.
  • Crowdfunding and investment groups that support small businesses.

Find a location

Figure out where you will set up your office and get a permit. Make sure the location you choose is accessible for you. If you plan to rent an office, you will need to add your rent amount to your monthly expenditure.

If you plan to avail of a loan, use a business loan EMI calculator and estimate an affordable EMI that you can manage with rent expenses. 

Legalisation and tax registration

Working companies must register with the Ministry of Corporate Affairs. Visit their official website and complete the application form to get a government license for your small business.

You will also have to apply for a PAN and a TIN (Taxpayers Identification Number) at your local PAN and TIN service centre.

Take it online

Finally, to make the most of your business, start a website or build social media pages. Having an online presence will do wonders for promoting your business. If you want to hire a digital marketing team and expand your business, you can also obtain a collateral-free business loan.

To sum up

When it comes to playing life’s second innings, sky’s the limit for an army man!

So, start your small business today. Choose an idea that appeals to you, then work on your business plan. No matter how you finance your business, be wise and use a business loan calculator to plan your loan repayments. With proper planning and execution, your business will be up and running in no time!

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6 Important Steps to be taken by Credit Card Fraud Victim

Nov 15, 2021

You may have heard of credit card theft or fraud. What is credit card fraud? It involves using your credit card or its details illegally without your knowledge. The result can be fraudulent card-based transactions or identity theft to open unauthorised accounts in your name.

Once the fraud is caught, the card issuer won’t reduce your credit card limit. Else you might have to compromise without your fault.

Here are the 6 crucial steps to take if credit card fraud happens to you.

#1 – Contact your credit card issuer immediately

If fraudulent transactions have been made using your credit card, instant action can prevent further damage.

Here is what to do:

  • Call your credit card issuer at once.
  • Request a thorough investigation of the unauthorised transactions on your card.

#2 – Get a new credit card

If the card issuer investigates and verifies that fraud has happened, you’ll be eligible to apply for a new credit card. It will come with a new CVV code and card number. Ensure that the compromised card is blocked at once to prevent further misuse.

#3 – Check your other credit card accounts

You have caught fraudulent charges on one of your credit cards. What if some of your other cards also contain such fraud? You don’t know how the fraudster got the card information.

So, take precaution as follows:

  • Check the accounts of all the other credit cards for any signs that they too are compromised.
  • If other accounts also contain suspicious charges, follow the same course of actions as with the previous card.

#4 – Notify the credit bureaus

If you find one or more credit card accounts being used without your permission, do as follows:

  • Alert the credit bureaus at once about the card fraud(s).
  • Request them for an immediate credit freeze. Then the criminal cannot cause further damage like opening a new credit card account with your details.

#5 – Call the police

On detecting credit card fraud, you must file a police report right away for the following reasons:

  • Suppose you see a pattern of fraudulent charges over some days on your credit card statement. Then the police will open an investigation using your records.
  • If your wallet was stolen, the thief might have misused your identification cards also. As a result, unauthorised credit and utility accounts may be opened in your name. To handle such identity theft, seek the help of the police instantly.

#6 – Check all your online shopping accounts

Today most online shopping websites allow you to save your credit card information for future shopping.

So, once you detect credit card fraud, take these steps:

  • Ensure that your online shopping accounts aren’t compromised.
  • If the accounts aren’t secure, remove the details of the compromised cards instantly.
  • Change the account passwords also.

Never share your card’s CVV code or transaction OTP with anyone. Check your credit card statement regularly for any unauthorised card-related transactions. Once you detect fraud, take the above steps to prevent further damage and reinforce safety. Do your best to smoothly use your card!

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Fake company frauds and other scamming actors on the internet – who are they?

Nov 6, 2021

Many these days receive fake messages from fake company job offers, service or investment offers. You might be surprised by what kind of sophisticated scammers are out there. Learn how to spot them.

Fake investment opportunity

This fake offer usually comes via phishing emails from people you don’t know. It may encompass various investment types. You need to be particularly cautious with the new Initial Coin Offerings, new medical treatment products and equipment and other research projects.

Usually, they promise you to get rich overnight once their product, service, and new token gets enough publicity and reaches the market. The things with an investment are more complicated than that.

However, even if they don’t get you YES they will be eager to get as much as possible info from you and steal your precious data. Data is the gold of our century, so make sure you are not divulging anything unnecessary to them, such as bank account numbers, your family members birthdays, passport numbers and many more.

What if you are a victim of fake investment?

The first reflex is to call the police and financial authorities in your country. Maybe you have lost some amounts, but your duty is also to protect other possible victims. Screenshot everything you have from the communication with the fraudsters and determine all contact with them straight away.

Job scams: who are they?

People are receiving a message on their landline from a robot proposing a job offer supposedly from head hunters and HR with the description “interesting and enticing” and inviting them to type in their username and personal code to find out more. It is important not to answer them.

Cybercriminals are at work on the internet. They pose as real recruiters to applicants by posting fake job offers or contacting them directly with a fake job offer.

These false proposals and job offers most often take all the appearances of reality and seek to attract candidates with particularly attractive remuneration and/or flexible working hours.

Their goal is to extract money from applicants or steal sensitive personal information (bank details, social security numbers, etc.) for fraudulent use.

How to protect yourself?

US job portals publish fact sheets that give you practical prevention tips to protect you from job scams.

You are therefore reminded never to send personal information (bank identity statement, social security number, copy of identity documents, etc.) to a recruiter until you have met them.

You should also never pay money to a potential recruiter or accept money from a future employer until you have signed an employment contract.

If you receive a job offer that you think is dishonest, don’t follow through.

What to do if you are a victim of a job scam??

If you believe you have been the victim of an attempted job scam, immediately terminate all contact with the so-called recruiter.

If you have transmitted your banking information, notify your bank immediately and verify the movements on your bank account.

In the files, legal information is also given to you to define and put words on the damage suffered and to file a complaint.

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