Everything you should know in the world of Finance

Taking out a gold loan can provide quick access to funds in times of financial need. A gold loan is a secured loan where you pledge your gold jewellery as collateral to borrow money from financial institutions like banks or NBFCs (Non-Banking Financial Companies).

The financial institution appraises your gold ornaments and sanctions a loan of up to 75% of the pledged gold's market value. However, it is critical to understand how to repay a gold loan responsibly. This beginner's guide will explain the basics of gold loans and repayment methods.

In present days your creditworthiness plays a crucial role in obtaining credit cards, loans, or even renting a house. Have you ever wondered how banks determine who is eligible for high credit limits and substantial loan amounts?

The answer lies in credit information and scores. Credit information plays a pivotal role in determining the financial future of individuals and businesses. If you have a good credit score, you become eligible for higher credit limits and loan amounts.

Purchasing a two-wheeler can be an exciting experience. Its convenience, affordability, and flexibility make it an attractive option for many individuals. However, it is important to carefully evaluate the two-wheeler loan agreement before you set your sights on that dream bike or scooter.

It's common for people to seek financial assistance when they require funds quickly, and one of the popular options is a gold loan. However, many misconceptions surround gold loans, which can cause hesitation and confusion among potential borrowers. Understanding the realities of gold loans is crucial for those seeking financial solutions. Debunking gold loan myths can empower borrowers to make informed decisions, ensuring they maximise the benefits of gold-backed financing without falling prey to unfounded fears.

Taking a personal loan is one of the quickest and easiest ways to get extra funds for your major expenses or financial needs. But, with so many personal loan types and options available from financial institutions today, it can sometimes get overwhelming to find the right loan product that aligns with your requirements and repayment capability.

When planning to buy a bike and you don’t have enough money saved up, getting a bike loan is a common solution. However, it’s essential to understand that the amount you pay back is not just the bike's price but includes interest. The interest rate is the extra percentage you pay to the financial institution for borrowing the money.

Different factors determine the interest rate you get on your bike loan, and knowing these factors can help you make better and more informed decisions and possibly save money. So, let’s explore those factors to understand bike loan interest rate: