The Vibe Journal: Finance Blogs

When you buy a mobile on EMI, there are several options that you can choose from. Nowadays, mobile phones are not simply used for communication but as a lifestyle choice, with many high-end options available. However, paying for such devices in a lump sum can increase your financial liability.  Therefore, you can opt for a …

Wondering if you can get a personal loan against a cash salary? The answer is yes. While salary slips are a common income-proof document required by most lenders, there are other options through which you can get funding even if you don’t have them.  From applying with a different lender to submitting alternate proof, here …

Getting a personal loan for investing in stock markets, also known as leveraging or gearing, can sometimes be a smart decision, offering excellent benefits. No wonder why most investors use this technique to accumulate sizeable corpus.  Apart from stock markets, wherein the returns depend on market climate, you can invest in traditional avenues like fixed …

Offering a fake loan approval letter is a common tactic scammers use to entrap innocent people. Using a fake approval letter, lenders extend a lucrative and enticing loan offer, which can lead to huge financial loss if you accept it. Thankfully, identifying such attempts by fraudsters is not difficult if you know what signs to …

The principal amount, interest rate and tenure are the key loan terms determining your total repayment amount. Given this, it’s crucial to calculate the impact of these factors to determine if the loan fits your budget. Calculating total interest payable depends on the interest rate and the tenure and is a simple calculation. Doing these …

Are you considering opting for a personal loan pre-closure? Repaying your loan before the tenure ends is a great and popular way to save on the interest. However, it is a decision you must make after careful consideration to ensure you get the maximum benefits. This is because you may have to pay penalties and …

Involving a loan guarantor when applying for credit is a smart decision to increase your approval chances. One of the most essential criteria lenders consider while assessing your loan eligibility is your credit score. If you have a low score or your previous experience at handling credit hasn’t been fruitful, you may find it difficult …

When opting out of the old tax regime, you may have many doubts, like ‘Is standard deduction applicable in the new tax regime?’ While the Interim Budget of 2024 did not propose any changes to taxation, the 2023 Union Budget eliminated multiple exemptions under the new tax regime.  However, there are certain deductions and exemptions …

To understand taxation in India, you need to know what is a direct tax and an indirect tax. Here are a few essential points: You need to pay direct tax to the government based on the income or profits you earn Contrary to this, you’ll pay indirect tax only if you purchase any good or …

An instalment loan is the most common type of credit that banks and NBFCs offer. Once you borrow a required sum, you need to repay the amount along with interest in affordable instalments within a specific timeline.  You can use the borrowed amount for the following purposes: To pay educational expenses To clear hospital bills …