Secured credit cards offer benefits similar to regular credit cards and hence an applicant should try and get a card with lower fees and more features, suggests Sarbajeet K Sen.
For those who find the online facility difficult, there is an electronic tutorial, and staff to assist you.
Each enquiry could pull down the credit score by 5-10 points.
The proportion in which a joint home loan is taken is important.
Over a five-year period, the benefit of a sharp drop in interest rates would mean saving Rs 76,880 -- a significant number. But if the rate cuts are slimmer, say 25 bps or the number of years left is barely one or two years, shifting may not make too much sense.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
If variation is over 50 points, write to the bank and bureau immediately to correct the discrepancy
Lenders increasingly looking at your social media profile to evaluate creditworthiness
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
If you opt for a petrol variant, you will need to reapply for loan.
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