Finance

P2P lending has experienced rapid growth in India. Several P2P lending platforms have emerged, offering loans to individuals and small businesses. The market size has expanded significantly, driven by factors such as increased internet penetration, the need for accessible credit, and the rise of digital lending solutions. What is P2P lending? The practice of lending and borrowing is as old as the existence of money. With traditional money lenders giving loans to individuals at very high interests, as they did not have access to formal lending channels these borrowers were exploited by the Sahukars. However, Peer-to-Peer (P2P) Lending has revolutionized this practice by establishing a marketplace where trustworthy borrowers and investors looking for lucrative investment options through...

Are you looking for a way to hedge against inflation and diversify your investments? Commodity trading might be the answer you're looking for. Commodity trading is the buying and selling of commodities such as gold, oil, and other raw materials. It has been around for centuries, with people trading goods such as spices and silk on ancient trade routes. Today, commodity trading has evolved to include a wide range of commodities, from precious metals to energy and agricultural products. In this blog, we will take a closer look at commodity trading, including its types and benefits. Which commodities can you trade in financial markets? Commodities traded in commodity markets can be classified into three broad categories: energy, metals, and agriculture.  Energy commodities include crude...

The decision to use a credit repair company should not be taken lightly. Choosing the wrong company might cost you hundreds, if not thousands, of money, and if they fail you could be looking at a delay of months, if not years, before you achieve your goal of a respectable credit score. Employing a credit repair company that is not reputable might get you in legal trouble, as if all of the above weren't awful enough. This page is meant to serve as a shopping guide for credit repair services, making the process less daunting and increasing the probability that you won't be taken advantage of. What follows is a checklist you can use to help you choose a reliable credit repair service that will put in the time and effort necessary to get you where you want to be financially. Learn the ins ...

As a sole trader, you're responsible for every aspect of your business, from creating products or services to keeping track of finances. While it may seem tempting to handle everything on your own, the truth is that managing your accounting can be overwhelming and time-consuming. That's where hiring an accountant for sole trader comes in. Here are seven reasons why you should consider hiring an accountant for your sole trader business. Better Financial Management An accountant has the expertise and knowledge to help you manage your finances better. They can help you create and maintain financial statements, organize your bookkeeping, and provide advice on budgeting and cash flow management. By having a clear understanding of your financial position, you'll be able to make informed decisi...

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. Lower...

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...

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...