Author: priyabagga

Between 2018 and 2019, Indians transacted around Rs.6.07 lakh crore using credit cards. This number was just Rs.4.6 lakh crore in the previous year. Thus, with more people opting for such financial products, proper assessment of credit card options is crucial. Financial institutions offer various types of credit cards to eligible applicants. One should understand how each type differs from the others before he/she picks the card that suits their needs best. Credit card types  The type of card an individual avails generally depends on his/her purchasing patterns. For instance, if one tends to use credit cards for shopping, picking…

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According to a recent report published by CRISIL, the secured credit facility sector that principally includes home loans is expected to double by the next four years, i.e. the financial year 2023 – 24. The report pegs this sector to grow to Rs.46.1 trillion by the financial year 2023 – 24. This report attests such growth to factors like – An increasingly competitive market would engender product innovation and lesser costs for borrowers. Digital access to home loans to the lion’s share of the population. Nevertheless, even with growing convenience and ease of availability, borrowers still need to satisfy the…

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