What are ECS Return Charges?
The changing global of the actual estate has led to Electronic Clearing Services (ECS) for easy bills. But, similar to every other service, …
Finance
What is yield?
Whenever one makes a financial decision, whether or not it’s miles about investing in real property or any other asset elegance, a vital …
What is Dearness Allowance (DA)?
Dearness Allowance (DA) is an allowance paid by the government or an employer to employees and pensioners to counteract the impact of inflation …
Loan: Meaning and types of loans
When it comes to managing our finances, loans play a significant role in providing individuals and businesses with the necessary capital to meet …
What is hypothecation? What is its applicability?
Hypothecation is a financial term often used in the context of loans and collateral. It represents a legal arrangement where an asset, typically …
What is Net Present Value?
Net Present Value (NPV) is a crucial financial concept used to evaluate the profitability of an investment or project. It is a tool …
What is a promissory note?
In the world of finance and lending, various instruments play essential roles in documenting and formalizing agreements between parties. One such instrument is …
How does Refinancing work?
Refinancing is a financial strategy that can offer substantial benefits to individuals and businesses alike. Whether you’re looking to lower your monthly mortgage …
What is a Bridge Loan?
Life is full of transitions, and sometimes, you find yourself in situations where you need to buy a new home before selling your …
What is Fixed Obligation to Income Ratio (FOIR)?
Understanding the Fixed Obligation to Income Ratio (FOIR) is crucial while applying for a personal loan. It suggests a sturdy economic popularity and …