smartfinance

Taking a home loan can make buying a property more affordable, but a long repayment tenure can also result in a significant amount of interest over time. One way borrowers can potentially reduce their total interest cost is through home loan prepayment. Home loan prepayment means paying an additional amount toward your outstanding loan principal … Read more

Have you ever checked your credit score and thought, “Why is my score not higher?” If you’ve ever applied for a credit card, personal loan, car loan, or home loan, you have probably come across the term credit score. It may look like just a three-digit number, but it can play an important role when you apply … Read more

When people start thinking seriously about saving money, one question usually comes up: Where should I put my savings for the long term? There are hundreds of investment options available today. You will hear about stocks, mutual funds, fixed deposits, gold, insurance plans and many other products. For someone who is just starting out, all of … Read more

Managing money is one of those things that sounds easy until you actually have to do it. You get paid, take care of your bills, buy groceries, maybe order food a few times, make a couple of online purchases, and suddenly you are checking your bank balance and wondering where the money went. If this … Read more

India’s payment system has changed dramatically over the last few years. There was a time when cash was the preferred way to pay for almost everything. Today, however, digital payments have become a normal part of everyday life. From paying for groceries to sending money to friends, UPI has made digital payments incredibly simple. A … Read more

A credit card can be really helpful when you need to make a big payment but don’t want to pay the entire amount immediately. Many banks and credit card companies also give you the option to convert a large purchase or your outstanding credit card bill into EMI (Equated Monthly Instalments). At first, EMI sounds quite … Read more

If you are working, have a Fixed Deposit (FD), or earn interest from your bank account, you may have heard about TDS. Sometimes, the salary you receive is slightly lower than expected because an amount has been deducted under TDS. Similarly, banks may also deduct TDS from certain types of interest income. But what exactly is … Read more

Digital banking has made life much easier. Today, we can send money, pay bills, shop online and check our bank balance with just a few taps on a smartphone. UPI and mobile banking have become a part of everyday life for millions of people. But there is another side to this convenience. As digital payments … Read more

For most salaried employees, income tax is something they only start thinking about when the financial year is coming to an end. That is usually when people start checking their Form 16, looking at TDS and wondering whether they could have saved more tax. But understanding the basics earlier can make things much easier. The … Read more