Financial Learnings

A No Objection Certificate (NOC) is a crucial document that proves you have fully repaid your loan, and the lender has no claims against you. However, some borrowers face delays or even refusals from banks when requesting their NOC. So, can a bank legally refuse to give you an NOC? No, they cannot—if you have…

Closing a loan properly is just as important as repaying it on time. If done incorrectly, it can negatively impact your credit score, making it difficult to secure loans in the future. In this guide, we’ll cover:✅ Steps to close a loan properly✅ Common mistakes to avoid✅ How loan closure affects your credit score✅ How…

Should You Settle a Loan or Pay It Off Completely? Understanding the Difference A good credit score is essential for securing loans at favorable terms, but many borrowers find themselves in situations where they are unable to repay their debts. When this happens, loan settlement might seem like an easy way out, but it comes…

Introduction A No Objection Certificate (NOC) is one of the most crucial documents a borrower must obtain after fully repaying a loan. Many people neglect this final step, assuming that once their last EMI is paid, their financial obligations are over. However, failing to secure a loan NOC can lead to issues such as incorrect…

Introduction Taking a loan can be a useful financial tool to fulfill personal or business needs. However, failing to repay your loan on time—also known as a loan default—can have severe consequences, particularly on your credit score and future borrowing ability. In this article, we will explore how loan defaults impact your financial credibility, the…

Taking a loan can be a smart financial move when done correctly. However, many borrowers fall into the trap of hidden fees that significantly increase the cost of the loan. To avoid paying more than expected, it is crucial to understand the different types of hidden charges and how to protect yourself from them. 1….

Introduction A loan agreement is a legally binding contract that outlines the terms and conditions of your loan. Whether you’re taking a personal loan, home loan, or business loan, understanding the fine print is essential to avoid financial pitfalls. Many borrowers sign loan agreements without thoroughly reading them, leading to unexpected charges, unfavorable terms, and…