The Vibe Journal: Finance Blogs

With many convenient options available, you can effortlessly make an online loan payment. This is because modern financial service providers allow you to manage your loan EMI online. As such, you can pay easily through multiple online options at your convenience. You can use a lender’s portal or third-party payment apps to conveniently: Knowing about …

A credit bureau plays the critical role of collecting and analysing the financial data needed to generate your credit report and score. This is the simplest answer to the question, “What is a credit bureau?”, and four bureaus are operating under the RBI’s guidelines.  These credit bureaus have different methods to calculate your score, and …

If you know how to find a CIBIL report and read it, you can easily assess your financial standing. When you download and read a credit report, it helps you understand your credit health and take the right steps to boost your creditworthiness. A CIBIL report is a detailed file of the account holders’ financial …

The APR vs APY comparison is quite interesting as it focuses on interest calculations for two varied instruments. While the APY focuses on the gains you earn as an investor, the APR relates to the cost of borrowing. However, this isn’t the only difference between APR and APY.  Read on for insights to compare the …

Knowing how to check active loans on a PAN card for free is crucial to safeguarding your finances. This simple act helps track your active loans and monitor your profile for any suspicious activity. Today, you can access credit with just your PAN and this has some implications. For one, getting a loan is quicker. …

Why do lenders need bank statements, you wonder? Well, these documents record your income and expenditure. So, lenders use them to check the stability of your earnings while ensuring that you have enough funds in your account to successfully repay the loan.  This evaluation affects your chances of approval as well as the amount you …

Knowing how to manage multiple loan accounts is not rocket science. Instead, it is about being disciplined and organised, both skills that financially independent adults need to inculcate.  With easier and quicker access to credit, having multiple loans and credit cards is very common. But if you are unable to keep up with repayment, you …

Activating a loan is a process and one that has a direct impact on your monthly budget, as it means that you have a loan to repay. Knowing what it means is important given the increasing number of loan frauds.  On the other hand, the active loan status is an entirely different facet of the …

Knowing when to take out a personal loan isn’t easy, but there are instances where these loans can help. For one, these loans are a great option for dealing with emergencies, as you get funds quickly.   You can also use the loan amount to streamline existing debt repayments, build your credit score, or save on …

Before you search for loan companies who use Experian, make sure you understand what this score is and why it matters. Financial institutions rely on the Experian credit score to check if you are eligible for credit based on your past credit behaviour.  Thus this score can impact the approval of your loan as well …