EMI stress? Try THESE 7 brilliant strategies to cut your personal loan payment in half | Mint

Managing personal loans through EMIs, are key to financial stability and saving borrowed money in the long run. Heavy EMIs can play havoc with your monthly budget, but there are useful tips to ease the burden. To make your financial life simpler, this article talks about some ways to lower the EMIs of your current … Read more

Banks won’t tell you this, but a better credit score could mean a cheaper loan

Armed with a strong credit score and a little persuasion, Ram returned to his bank and convinced them to lower his interest rate to 8.5%. That 50-basis-point drop may sound small, but it translated into savings of ₹25 lakh on his ₹1 crore loan over 25 years. Though Ram’s example is illustrative, the approach is … Read more

Balance transfer or loan refinancing? A guide to choosing the best debt management option | Mint

Balance transfers together with loan refinancing help people address the challenges associated with debt management. These debt reduction solutions have separate functions for your finances although they fulfil different goals depending on your financial needs. Knowledge about credit points stands essential for making wise financial decisions that respect your monetary targets. What is balance transfer? … Read more