The Vibe Journal: Finance Blogs

Under section 194A of the Income Tax Act, financial institutions deduct TDS on interest if it exceeds ₹40,000 in a year. This limit for senior citizens is ₹50,000. If you rely on this income to manage these expenses, then you should definitely know about 15G and 15H forms.  This is a self-declaration form submitted at …

Paytm Postpaid is an easy option to get instant access to credit. It provides you the convenience of buying now and paying later when paying bills, financing travel expenses, grocery shopping and more. This facility works like a credit card and gives you up to ₹60,000.  It is important to note that it can impact …

One might think getting a credit card for a low CIBIL score can be hard. However, certain financial institutions allow you to access credit cards even if you don’t have a perfect credit score. Through these products, you can also work on your credit score to upgrade your credit card in time. To know more …

You can access your CRIF High Mark free credit report to ensure details of your credit history are accurate. This assures smooth access to credit cards and other forms of credit. Inaccuracies and errors in your credit report can hinder this process. These include: It is best practice to check your credit report occasionally to …

When credit card transactions go wrong, knowing the chargeback meaning and sending a request can help you secure your finances. It plays a vital role in providing security and confidence to you as a cardholder against fraud or incorrect product deliveries from merchants or retailers.  You can place a chargeback request in case of receiving …

A balloon payment is described as a large payable amount remaining at the end of a balloon loan, which is typically offered for a short duration. It is specially designed to reduce your repayment stress during the loan’s initial tenure. The payment amount is less initially or may increase gradually, with the last payment involving …

Invoice discounting can help your business get instant working capital. If your business has its cash tied up in unpaid invoices, this facility provides an apt solution. You can use these funds to cover operational costs or maintain a smooth cash flow. You can also choose to invest the acquired funds in assets. To know …

Maintaining cash flow is one of the priorities of any business owner, irrespective of the scale of the enterprise. This is why channel financing is becoming a well-known solution for the unhindered productivity of many businesses.  It is an innovative solution that provides working capital to the manufacturer or supplier without adding a burden on …

The Union Government extends collateral-free Mudra loans to help finance micro, small or medium enterprises. This financial aid can help you start, enhance or expand your business based on your goals. To know various Mudra loan details, such as what it entails, its eligibility and the documents required, read on. Guide to Mudra Loans A …

An ECN in a CIBIL report is a key component that helps lenders track your credit history before extending an offer. Since your credit card and loan offers depend on many eligibility parameters, the first thing banks and NBFCs check is your credit report. This gives them accurate information about your behaviour towards credit repayment.  …