Introduction The world of finance is not only changing with the times, but it’s also changing dramatically. The advancement of cutting-edge technologies is creating a new horizon for lending in the financial landscape. Digital lending has gained widespread acceptance in the last few years, and promises of AI and Blockchain are soon going to transform […]
Introduction At the time you borrow money be it for purchasing a house or for personal consumption, you often have a clear strategy in your mind about the way you’ll repay it. Most borrowers do so to repay the loan amount as early as possible and enjoy less interest outgoings coupled with lesser liabilities. However,
Introduction Co-borrowing is an excellent means of raising considerable amounts for some purchases or investments, like acquiring a house or car or starting a business. However, the fact that co-borrowing is a major financial undertaking entails shared liability. When two people are co-borrowing a loan, they must repay the debt in full collectively, not paying
Introduction Loan restructuring is a financial instrument meant to help borrowers who are having trouble repaying their loans. It refers to the modification of terms and conditions of an existing loan to make it easier for the borrower to manage repayment obligations. In doing so, loan restructuring aims to prevent defaults, reduce financial stress, and
Introduction Borrowing money is often a necessary step in managing personal finances, especially when you face emergencies, plan for significant life changes, or pursue investments like education or a new home. While borrowing can help achieve your goals, it’s essential to avoid the pitfalls of overborrowing—taking out more money than you can comfortably repay. A
Introduction The challenges small business owners face differ from those faced by larger corporations, mainly due to the latter’s limited resources, smaller teams, and closer ties between the business and personal financial situation of the owner. In a small business, the owner’s health, decisions, and life directly affect the future of the company. One of
Introduction When your family begins to grow, so do your healthcare needs. Having a health insurance plan that provides adequate coverage is essential for ensuring the well-being of each family member. It becomes essential to make a wise choice while selecting health insurance plans for an expanding family. The needs for health change drastically among
Introduction As part of the “don’t know” list, it is important to review and update your insurance policies annually. Insurance policies are the ultimate financial tool that acts as a safety net for anyone-from families to businesses. These policies help protect against mishaps like accidents, illness, theft, or damage to property. However, most people buy
Introduction The insurance industry is crucial for controlling the financial risks that individuals, businesses, and governments around the world face. However, the insurance companies are not risk-free either. They too are subject to significant financial stress when dealing with massive claims arising from unforeseen catastrophes, natural disasters, or unexpected events. For example, after an earthquake,
Introduction Medical emergencies can arise suddenly, and the costs that often accompany them can be exorbitant. Sudden health crisis, in whatever form-be it a serious injury, a heart attack, or an illness-it not only can cause one significant emotional stress but also take a toll on your finances. This is why advance planning is key.