Finance Archives - Page 7 of 11

Jun52023 by Normand JordanNo Comments

What You Need to Know About Student Loans

Finance

Student loans are loans offered by banks, financial institutions, or other lending companies to students and graduates in order to help them pay for their higher education. Student loans can be taken out for various purposes like tuition fees, living costs, books, travel and study materials etc. Student loans are available to students who are enrolled as full-time students at accredited colleges/universities. Depending on each school's policy, these loans may also be awarded based on merit, need or both. Here is why student loans are essential. Accessibility You can apply for a loan through any institution, whether a bank or an online lender. This means that you will be free to choose an institution that offers better value for money and higher returns for your education. L...

May232023 by Normand JordanNo Comments

Expert Tips for Sending Money to India from USA

Finance

If you're an NRI in the USA, it's only natural to want to support your family back home. You may want to send money to India from USA to provide financial assistance to your parents, siblings, or other relatives. You many even want to invest in various financial products or real estate in India. In such cases, you will need to transfer money to make the required investments. But let's face it, transferring money to India from the USA can be a daunting task, especially if you're new to the process. Don't worry though, because we've got you covered with some pro tips that will make sending money to India a breeze. Choose a Trusted Money Transfer Service Send money via a trusted service that has a good reputation. Look for reviews from other customers and check if the service is regu...

May192023 by Normand JordanNo Comments

How to open an individual current account in a bank?

Finance

Opening a individual current account in a bank is a straightforward process that puts you in control of your money like never before. You will have peace of mind and convenience with many benefits and features designed to suit your financial needs. Let's dive into the simple steps to open the best current account and unlock a world of financial possibilities! What is a current account? A current account is a bank account that is primarily used for business or professional purposes. It allows unlimited deposits, withdrawals, and transfers and provides various features like an overdraft facility, cheque book, and online banking. A current account is typically used by individuals or entities who must carry out multiple transactions regularly and require more flexibility in managing the...

May172023 by Lazaro GodfreyNo Comments

5 Differences Between Current Account and Savings Account

Finance

A current account and a savings account are two distinct types of bank accounts that serve different purposes. While both are offered by banks in India, they differ in various aspects. In this article, we will discuss the five differences between a current account and a savings account. Purpose A savings account is designed to help customers save money, earn interest on their deposits, and use the funds for personal expenses. The primary objective of a savings account is to encourage saving and discourage excessive spending. On the other hand, a current account is specifically meant for business transactions. Current accounts are used by businesses, companies, and entrepreneurs for their daily financial transactions, such as paying suppliers, receiving payments from customers, and mai...

May152023 by Joshua RawlsNo Comments

Compulsory Personal Accident – Stand Alone Policy

Finance

The owner-driver of the vehicle can be the only beneficiary of Compulsory Personal Accident (CPA) cover, a separate compulsory Personal Accident policy. All vehicle owners are required by the Insurance Regulatory and Development Authority of India (IRDAI) to carry a personal accident insurance policy with a minimum insured amount of INR 15 Lakh. As of January 2019, the insured can choose to purchase a separate CPA policy rather than selecting CPA as a cover within a motor insurance policy. # This car insurance provides coverage for accidental passing away or disability that occurs while operating the insured vehicle for you or your beneficiaries. If your auto insurance policy does not include this coverage or you own many vehicles, you can purchase the standalone CPA and make a car insu...

May152023 by Normand JordanNo Comments

How To Protect Your Bike From Theft In India?

Finance

A third-party insurance policy is now required under the motor vehicles act for all two-wheelers, and this is a good idea as two-wheelers are much more likely to be involved in accidents than other types of vehicles. However, it is advised to purchase a thorough bike insurance online coverage if you want total protection for your bike as well. It offers coverage for events like personal injury, theft, third-party liability, and many more and safeguards your automobiles from natural and man-made disasters. Spending money on a thorough motor insurance policy is unquestionably worthwhile when you realise how often accidents and thefts involve two-wheelers. Thefts Of Two-Wheelers Are More Frequent Than You May Imagine. Lock your steering lock to prevent bike theft While you could ...

May32023 by Normand JordanNo Comments

How to Select the Best Equity Funds?

Finance

Choosing the right equity funds can be daunting, especially for novice investors. Equity funds are one of the most popular types of investments available and offer many benefits, such as diversification, potential for long-term growth, and professional management. However, with so many different options to choose from, it can be difficult to find the right funds that fit your needs. By understanding the basics of how to select the best equity funds, you can make informed decisions when investing in this type of fund. This article provides an overview of how to choose equity funds that are suitable for your investment goals and risk tolerance. Determine Your Investment Goals The first step when selecting equity funds is determining your investment goals. Do you want to focus on capita...

Apr282023 by Lazaro GodfreyNo Comments

Bookkeeping vs. Accounting: Understanding the Differences and Similarities

Finance

Bookkeeping and accounting are two essential components of any business's financial management. While they are related, they serve different functions and require different skill sets. In this article, we'll explore the differences and similarities between bookkeeping and accounting and why both are crucial for the success of any business. What is Bookkeeping? Bookkeeping refers to the daily recording and tracking of financial transactions, such as sales, expenses, and payments, in a systematic and organized manner. The primary goal of bookkeeping is to keep an accurate and up-to-date record of all financial activities to ensure that financial statements, like balance sheets and income statements, can be produced accurately and in a timely manner. Some of the main functions of bookkee...

Apr192023 by Thomas BourqueNo Comments

A comprehensive guide to choosing the right loan for you

Finance

Payday loans are designed to provide immediate cash to people who are facing a financial emergency or any kind of unexpected expense. These types of loans tend to be short-term and a bit risky because many borrowers find themselves unable to repay on time which creates a cycle of debt and ends up rolling over the loan. It is important to carefully consider all options before considering payday loans. In addition, these loans are not generally recommended due to their high-interest rates and fees, but they offer quick and convenient access to cash. Furthermore, payday loans for califorian people do not require any credit check, which makes them a very easy option for people with poor credit history. Sometimes people do not have enough cash to fulfil their urgent requirements. Whether...

Apr62023 by Clare LouiseNo Comments

How has Poonawalla fincorp performed in the recent years?

Finance

Poonawalla Fincorp Limited is a non-banking finance company (NBFC) that was founded in 1983. It is a subsidiary of the Cyrus Poonawalla Group and is primarily engaged in providing loans and other financial services to customers. The company's services include personal loans, business loans, home loans, and loans against property. Poonawalla Fincorp is a publicly listed company, and its shares are traded on the stock exchanges. In recent years, Poonawalla Fincorp has been one of the fastest-growing NBFCs in India. The company has reported strong financial results and has consistently outperformed its peers in terms of growth and profitability. In this article, we will take a closer look at Poonawalla Fincorp's performance in the recent years and analyze its share price movement in the st...