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Cards

How To Get Amazon Pay Credit Card Online?

The Amazon Pay ICICI credit card is a credit card issued by ICICI bank in collaboration with Amazon Pay Private Limited. It is one of the most popular rewards-based credit cards with lifetime free membership. This credit card is designed to offer cashback and reward points on the online purchase of all Amazon products. The card also helps store the rewards and benefits in the user’s Amazon Pay balance, which they can use for future purchases. Wondering how you can get an Amazon Pay ICICI credit card too? You can simply apply for it online. Read on to know why the Amazon Pay ICICI credit card is a great option for you. [B-01] Benefits of Amazon ICICI Credit Card If you are wondering what Amazon Pay credit cards can help you do, here is a detailed explanation of its benefits. Cashback for Prime and Non-Prime Members The Amazon Pay ICICI credit card offers 5% cashback to all prime members on all purchases made through the Amazon app. However, this does not include ebooks and gift cards. The card also offers 2% cashback on paying electric and other bills through Amazon Pay. Not a Prime member yet? Amazon Pay credit card still has a lot to offer. The ICICI Amazon credit card offers 3% cash back on all purchases except ebooks and gift vouchers on Amazon. Similar to Prime members, non-prime members also enjoy 2% cashback on paying their bills. Redeemable Earnings As hard as it is to believe, Amazon rewards are redeemable without an expiry date. You can use these reward points on 16 crore products across the Amazon website for an unlimited period of time. Do you often forget to use your rewards within a stipulated time? There will be no such hassle with the ICICI Amazon Credit card! Other benefits If the benefits above are not enough, there’s even more: Amazon Pay ICICI credit card has no joining fees and offers lifetime free membership 1% surcharge waiver on all fuel transactions No limit on redemption amount, and the process of redeeming earnings is free 2% cashback on using Amazon Pay credit card for purchasing a select range of items from specific Amazon Pay partners. Now, on to the main question. How can you apply for the Amazon Pay ICICI credit card? Are You Eligible for Amazon Pay ICICI Credit Card? Before applying for the ICICI credit card, make sure you check the eligibility criteria below: You must be between 18-60 years of age You must be a salaried or self-employed individual Your monthly earnings should be more than 25,000 You must reside within the serviceable areas of the bank Online Application Process for Amazon Credit Card The process of applying for an ICICI Amazon credit card is pretty simple. You need not visit the bank for the physical verification of documents. Instead, you can apply for an Amazon Pay credit card through a few simple steps online. You can follow the steps below. Go to the official website of ICICI bank Visit the Amazon Pay ICICI credit card menu Select the ‘Get Card’ option The page will direct you to Amazon’s website Fill up the form on your window and add all the necessary details Click on the ‘Submit’ option. Once you follow the above procedure, an ICICI bank official will guide you through the rest of the process. Online KYC Process Once your Amazon Pay ICICI credit card application process is complete, one has to complete the KYC formalities. Amazon has two types of KYC verification. Virtual KYC Verification As the name suggests, virtual KYC verification is an online mode of verification. The user needs to produce their Aadhar and PAN card details through a video call to an ICICI official. Users also need to answer a few basic questions to complete the verification. In-person KYC Verification In case you are not confident about the virtual KYC verification process, you can opt for the offline or in-person KYC verification process too. In this process, an ICICI official visits your house to physically verify your documents. Thus, in both cases, the credit card applicant does not need to go anywhere. Instead, they can complete the formalities from the comfort of their homes. Checking Amazon Pay Credit Card Application Status Once you apply for your ICICI Amazon credit card, it is crucial to check its application status regularly. Remember, it does not take several days for the application to process. Hence, it would be best to check its status after a day or two if you do not receive a call from an ICICI official. You can call 1800 102 0123 and reach out to ICICI customer care with your registered mobile number to check your application status. Linking Amazon ICICI Credit Card with Your Account You can enjoy the benefits of an ICICI Amazon credit card only when you link it to your Amazon account. Remember to add your new credit card as a payment method in order to use it. To do this, go to your Amazon account and click on the “Manage Payment Methods” option. You will see an option to add more payment methods. Add your ICICI Amazon credit card number as your preferred payment method and enjoy its benefits. [B-02] Conclusion The Amazon Pay ICICI credit card offers several benefits to users and is indeed a blessing if you love spending most of your time shopping online. Does the idea of an Amazon Pay credit card look exciting, but you are confused about the card and its benefits? That is quite common. If you are looking for more details about Amazon Pay credit cards, Piramal Finance can help you grow out of your anxiety. Piramal offers several financial suggestions and expert opinions that can help you decide the correct time for getting your own ICICI Amazon Pay credit card. Connect with their financial experts and get an easy and customised credit card and personal loan solutions.

08-11-2023
Cards

How to check your credit card statement online?

A credit card statement is an important financial document of a person’s credit card transactions and other billing details. It has details on all the transactions made using the credit card. Credit card statements can be lengthy, as they have all the records of the money sent and received. These give details of all payments made and complete information on the date, time, receiver, and sender are written in the statement. Since these details help you understand your budget, identify spam with billing errors, or keep you informed about your tax returns, going online can save you time and effort. [B-01] Checking Axis Credit Card statement, HDFC Credit Card statement and ICICI Credit Card statements online You can find the statement details of your transactions for Axis Credit Card statement, HDFC Credit Card statement, and ICICI Credit Card statement online. The ICICI bank credit cards give you many rewards and benefits with each payment you make. A credit card is a blessing, from winning cashback after each transaction to getting instant discounts on item purchases. Why use credit cards? Axis Credit Card, HDFC Credit Card, and ICICI Credit Card have similar benefits. It allows universal payment, rewards or cash back with each investment, discounts on entertainment like movie tickets and dining out, and help on the VISA lounge. How to register for online access to credit card statements? You can use Axis/HDFC/ICICI bank account monthly credit card statements. You must first register your email ID with the card issuing company. Then you will opt for online services. This will let you access the credit card statement facility. You can get your monthly credit card bill statement by opting for this service. The credit card bill statement is sent via your registered mail as a PDF file. This PDF file is password-protected; downloading the PDF requires a password to view the report online. Checking credit card statements online Here is how you can check your credit card statement online: Visit the portal of the credit card issuing company. Log in with your personal details. Find the credit card section. Click on the tab ‘Statement’. Choose ‘latest credit card statement’. Download the Credit Card Statement PDF. Input the Credit Card Statement password. Get the billing-related information. How to switch from offline Credit card statements to e-Statement? For switching to online from offline credit card statements, you will first need to go to the net banking portal for the online card (ICICI/Axis/ HDFC). Find the ‘credit card’ section and click on ‘Request e-Statement’. You will receive a confirmation SMS at your registered mobile number and an email alert in your mail ID. You will receive these notifications after each billing period with your Credit card statement and password. Now that you have the basic idea of Online Credit Card statements for the ICICI credit card, Axis Credit card, and HDFC credit card, let us learn to read the credit card statement. How to read Credit card statements? Successfully reading your monthly mail on credit card statements can sometimes be challenging to understand. How to identify your dues and payment transactions in those lengthy statements can be a difficult task. To help you know the details, here is a guide to reading those credit card statements. Look out for this information in your credit card statement: Account summary: An account summary will have details about your account number, your previous balance, your payment credits, recent purchases, balance transfers, cash advances, fees charged during this billing cycle, the interest set and new balance, days in a billing cycle, available credits and opening and closing dates of the billing cycle. Payment information and credit card statement: This section will detail your new credit balance and the minimum payment due with the estimated due date. Late payment warning: This section informs you of the maximum amount required if you miss your credit card payment on the said time. It also tells about late payment penalties for first-timers or cardholders. Minimum payment warning: This is in a table with all your payment balances for you to know better. It sometimes has sections that compare your payment. The comparison is made on the amount and the estimated time for the clearance. It helps you to know how easily you can end your payment cycle if you pay a higher amount and vice-versa. Rewards summary: This section includes credit card statements with credit card rewards. It informs about your previous rewards balance, rewards earned on the respective month, bonus rewards made and total available rewards. Significant changes: This shows any changes made by the cardholder to the card. It also shows the future changes the cardholder can make and their benefits. Payment coupon: This helps you benefit from your payments and transactions and make you earn cashback and rewards. Account activity: It lists all the transactions made during the billing cycle. It makes it easy to read as it has a reference number for each purchase. Fees and total interest: This section has a table with your interest paid till the present date and the remaining amount. Interest charges: These detail how you can be charged the interest rate for your transactions made with a credit card. [B-02] Conclusion The online Credit Card Statement is an easy and tension-free way to view your expenses and repayment date. Credit cards are a great way to help you manage your takes and lends. Digital credit card statements have provided ease of transaction and transparency amongst users, and ICICI, Axis, and HDFC credit card statements are some of the most prominent ones. In case of any doubt, consult a financial expert like Piramal Finance and get an easy and customised credit card and personal loan solutions.

08-11-2023
Education

Why You Should Not Miss COVID-19 Vaccinations

Vaccines assist in boosting resistance to a virus or a germ. A vaccine puts a less fatal form of the virus or something made to look or function like it in the body. The immune system produces antibodies to combat specific germs and prevent infection. Each viral particle of the coronavirus has protein spikes. The viruses can more easily infect cells with the aid of these spikes. Several coronavirus vaccines aim to aid the body in “recognising” such spike proteins to combat the coronavirus that contains them. A good vaccine may help prevent someone from major disease, illness, & death. Vaccines may help limit the viral spread and reduce the virus’s ability to evolve into new types. People can register for a vaccination dose on the CoWIN app. [B-01] How COVID-19 Vaccines Keep Humans Safe COVID-19 vaccines are the most optimal way of controlling COVID-19. Vaccines may protect humans against COVID-19 by keeping them from being infected in the first place. Non-vaccinated people are more likely to be infected with COVID-19 than vaccinated ones. Globally, non-vaccinated folks account for the majority of cases. Importance of The COVID-19 Vaccine & Why One Must Get It Here is a list of key vaccine facts. These facts are vital to have COVID-19 vaccination. Vaccines against COVID-19 are safe Many drug control bodies across the globe have tested COVID-19 vaccinations. They help reduce the chances of getting COVID-19. COVID-19 vaccinations can boost public health Vaccines are believed to boost the immune system by telling the body how to defend itself against threats. As a result, many people think of vaccines as a means to boost their immune system & the way their body responds to foreign cells. A risk-free way to boost the immune system Vaccines are proven to build immune function by telling the body ways to defend itself against threats. There are no COVID-19 vaccines that may attack COVID-19 Many folks mistakenly assume that since the vaccine contains a strain of the virus, they will get infected with it. Since it isn’t how a virus impacts the body, getting infected with the vaccine’s sickness poses no risk to anyone. COVID-19 vaccinations are usable by everyone around the globe. Various certification bodies have approved vaccines. If a vaccine is approved, folks can be sure it has been checked using proven methods. There’s no need to skip a COVID-19 vaccination. How to Register with the CoWIN App for Vaccination COVID Vaccine Intelligence Network (CoWIN) is an app. The Government of India has used it for its vaccine program. Register on CoWIN, a digital system that was built to track COVID-19 vaccination delivery in live time. People may register on the CoWIN app for the second round of COVID-19 vaccines. Here’s a step-by-step guide to register for a COVID-19 vaccination using the CoWIN app. Download the CoWIN app on the smartphone through the Google Play Store or the Apple App Store. Launch the app & input the mobile phone number. Once the OTP has been received, enter it & click ‘Verify’. The registration screen will now be shown. Enter all the needed info. This includes name, gender, age, & so on. Upload the relevant documents. Click on the register button. Choose a health centre & schedule a visit on any open date. To register on CoWIN properly for a COVID-19 vaccination, choose ‘Book Appointment’. How to Reserve Vaccine Slots on CoWIN Website Go to the CoWIN website. Scroll below to ‘Find a Vaccination Center Near You.’ Then, choose ‘Register Yourself.’ Add the cell number & press ‘Get OTP’. Insert the OTP & follow the on-screen steps to reserve a spot. If the booking is confirmed, an SMS will be sent to the provided mobile phone number. This confirmation info must be shown at the vaccine center. Advantages of The COVID-19 Vaccination If one is unsure if the vaccine is suitable for them, they must consider the following advantages: Boosts Immunity COVID-19 is a virus that has never been observed before. Yet, its degrading effects are now strongly known. The infection has a low death rate but may still severely affect health. COVID-19 seriously impacted the elderly & folks with illnesses such as immune problems, diabetes, & so on. The vaccine’s main advantage is a robust layer of defence from all types of coronavirus. Take the first vaccine as soon as feasible & finish the dose cycle on schedule. This will assist in building optimal body defence from the virus’ harmful effects. Walk Outside Without Concern Stepping out gets more natural when life returns to the norm. Those who have been immunised may do so without fear. Even a single dose of vaccine protects from the dangers of infection. Yet, experts highly advise against exposure until the second dose. Interact With Family & Friends Whether one has been infected before or not, COVID-19 has impacted our social relationships. Since remote work is becoming the norm, contact with friends, family, & co-workers is potentially dangerous. This valued liberty is restored with the COVID-19 vaccination. Folk who have been properly vaccinated may meet their friends and family without the looming danger of being infected with COVID-19 via their dear ones. [B-02] Wrapping Up Vaccination is vital for a safe and healthy life, so be aware of the myths. COVID-19 can cause serious, life-threatening effects. Also, if folk get ill, they may infect friends, family, and those nearby. The COVID-19 vaccination gives herd body defence. It helps cut the risk of mild to major COVID-19 illnesses. In the unlikely case that a folk becomes unwell after receiving the vaccines, they are far more likely to have mild signs if they had stayed unvaccinated. Visit the Piramal Finance website for more such blogs on healthcare, personal finance, and a variety of topics, and explore their financial products and services.

08-11-2023
Credit Score

Which Credit Score is Important in India: Equifax or CIBIL?

Equifax and Mycibil are credit reporting agencies. They both gather financial data from several economic firms all over the globe. They assign credit profile ratings based on data collected regarding customers and firms. They are 2 of the 4 credit data firms licensed in India. Experian and High Mark are the two surviving credit reporting agencies. These firms collect and record your credit-related events. The data is then analysed to build credit scores and create credit reports for you. [B-01] What Exactly is an Equifax Credit Score? The credit score is a 3-digit figure that represents your solvency. It assesses if you would be likely to repay your credit card debts after getting a loan. The Equifax credit scores will vary between 300 and 900. If your credit score is near 900, the institution may accept your loan demands faster than those with lower credit ratings. Several metrics and criteria are used to produce the Equifax credit score. This system takes into account the sums you handled in the past. If you complete your returns on a date or otherwise, your data and the length of your previous loans are taken into account. The credit history does not quickly inform you if you are competent to apply for credit cards and loans. Your banker can tell whether you’re a liable lender by checking your credit score. When your credit rating sustains over 750, it’s still good. If your credit score is below 600, focus on raising it before applying for credit cards and bank loans. Pay your monthly taxes, EMIs, and loans on schedule and never miss a payment. These are the primary elements that have a vital impact on your credit score. Importance of Equifax Credit Score It is vital for you to have a high credit score. Many entities, such as banks or firms, may examine this score before granting you credit or a job. Here’s a brief rundown of why having a great Equifax credit score can be crucial for you. Property searching is simpler: Many landlords currently use your credit score and credit history when deciding your capacity to pay rent timely. If you want to rent a property, having a strong Equifax credit score makes it simpler. You have better job prospects: Your Equifax credit score may be vital to a future job. For any given job, you appear to be a more competent applicant with a strong credit rating. You can reach your life aims more quickly: Many life motives, such as buying a house or car, need loans. You can also use credit cards to assist in paying for various life goals, such as a foreign trip. So, a strong Equifax credit score allows you to obtain credit. Then, you may be able to pay for and attain your goals in life faster. What Exactly is a CIBIL Score? The Credit Info Board of India Ltd. assigns you a CIBIL score/credit score. This indicates your solvency and capacity to repay the loan within the deadline. CIBIL is a 3-digit score analysed based on your financial record. The CIBIL score runs from 300–900, with higher scores indicating a greater probability of loans being granted. According to Mycibil data, most loans are for people with credit scores of 750 or above. Multiple elements determine your CIBIL scores, such as your payment record, starting and current loan amounts, and others. Banks and financial firms keep in mind different factors when granting loans to you. The Value of the CIBIL Score The CIBIL score is vital since it benefits both the bank and the client in various ways: The CIBIL score informs you about your credit condition. Good financial management will always get you a high Mycibil score. A lower CIBIL score indicates that you have poor credit. Therefore, banks would not lend to such clients. If you have a high Mycibil score, a bank may issue you a loan with a low-interest rate and less paperwork. If your CIBIL score is very low, lenders reject your loan request. Banks also issue you loans at a high-interest rate. Of course, the CIBIL score isn’t the only factor that defines whether a bank will offer a loan to you. Many factors assist these firms in specifying whether to approve your loan request. However, your CIBIL score is quite vital when banks provide loan rates. If you have a high CIBIL score, you may be eligible for a loan at a lower interest rate. If you have a low CIBIL score, you will qualify for a loan at a greater interest rate. Vital Credit Score: CIBIL Vs Equifax FactorEquifaxCIBILThe cost of having a reportRs. 399 (report and score)Rs.550 (credit report and score)Report period7 years7 yearsServices providedFor you:-Report on credit data-Alerts from Equifax-Equifax risk rating-Equifax account reviewFor firms:-Credit risk and fraud control -Portfolio administration-Industry inspections, etc.For you:-TransUnion Rating-Report on credit information-Market researchFor firms:-Company credit info report Mycibil-Bureau Analyzer CIBIL-Report on Asset ReviewPartnering with NBFCs and banks7 major banking groups35 bank and NBFC ties As stated before, each agency has drastically different traits and results. Your cost of gaining a report from Mycibil is markedly more than that of Equifax. When analysing CIBIL versus Equifax credit score, bear in mind that the former has fewer partnerships with banks and NBFCs. In Equifax, you may only make payments via demand drafts. You may make payments at CIBIL with net banking and debit or credit cards. [B-02] Conclusion The goal of any instrument used by you is to measure your solvency. Whether it’s an Equifax credit score or other credit ratings, it is used to predict how certain you are to pay your debts. Managing on-time payments and using credit wisely in the past are indicators of repaying debts in the future. You can check your credit score and learn more about Equifax Credit Score and Mycibil by going to the Piramal Finance website. Help yourself to the knowledge of wide-ranging financial products and services on their website, especially credit cards and personal loans.

08-11-2023
Credit Score

CIBIL Full Form & Tips to Improve Your Score

Credit Information Bureau India Ltd. is the full form of CIBIL. It is one of the major credit bureaus or credit information companies in India that is backed by TransUnion International. CIBIL keeps track of all business and personal credit-related activities. Many banks and a number of financial institutions regularly provide information to the CIBIL. The CIBIL score is a number that financial organisations use to evaluate your creditworthiness. It helps with loan or credit card applications. [B-01] What is CIBIL Score in India? CIBIL score in India is a 3-digit figure on the credit report. The credit bureau considers your overall debt from all lenders and your payment history when calculating your CIBIL. The CIBIL range is 300 to 900, with 300 being the lowest and 900 denoting the highest. A score between 700 to 749 is considered ideal for credit applications. A score of 750 or higher is regarded as outstanding and boosts your chances of having your credit approved. You should try keeping your CIBIL close to 900 if you want to acquire credit easily. Also, note that the CIBIL score is usually called the credit score in India. CIBIL Score Range in India CIBIL Score Range Rating 300-499 Poor 500-649 Average 650-749 Good 750-900 Excellent What is a CIBIL Report? In addition to the credit score, CIBIL also provides credit reports for individuals and businesses. All lenders carefully review the CIBIL report before authorising a credit application. Your CIBIL report includes your CIBIL score, credit record, repayment history, personal details, employment records, banking information, contact information, and details of hard inquiries. Similar to an individual’s report, a company’s CIBIL report includes information about its credit record. It has information regarding ongoing debts, pending legal matters, and preexisting credit. The agency carefully preserves this data throughout time by collecting it from financial organisations. You should review your credit score and credit report at least once a year. You can check your credit rating at Piramal Finance for free. Access your CIBIL and your credit report with just a few simple details. Why is CIBIL Score Important? A high CIBIL score, or one that is between 700 and 900, is quite favourable. Banks and other lenders assess it when evaluating loan and credit requests. The CIBIL score is your first impression in a credit application. A good CIBIL score means greater chances of having your loan application granted. As a result, it is beneficial to maintain a good CIBIL score to get your credit requests approved. You have a better chance of securing a loan if your CIBIL score is good. You can also bargain for better credit conditions and lower fees and penalties. You get more benefits such as: Lower loan interest rates Increased credit limits Better terms for repayment, including a long, flexible payback period An expedited loan approval procedure More lender options Factors Affecting a CIBIL Score Some of the major factors affecting your CIBIL score are as follows: Repayment History Your CIBIL score is used by lenders to assess your ability to manage debt and credit. Your credit score could suffer if you have a repayment history that includes late payments or failed EMIs. Credit Utilisation Ratio As much as 30% of the overall credit limit is the recommended credit utilisation ratio. A person’s inability to manage money effectively and reliance on credit is indicated to credit bureaus when that individual has a higher credit utilisation ratio. As a result, the applicant’s credit score is negatively affected. Number of Credit Inquiries When you apply for a new credit line, the lender looks at your credit report. Each draw is considered a hard inquiry, temporarily lowering your CIBIL score. Avoid frequently submitting multiple loans or credit card applications. How to Improve CIBIL Score? It is necessary to have a high CIBIL score since it can influence banks and other lending institutions when you apply for loans and other forms of credit. Here are some ways you can improve your CIBIL score: Pay Dues on Time You should be disciplined and create reminders for your payments. Your CIBIL score may be significantly impacted by how you handle unpaid debt. You also pay a fine for late EMI payments; this also hurts your CIBIL score. Therefore, if you want to raise your CIBIL score, pay your bills on time and maintain a good score. Credit Mix Maintain a good credit mix. It is advised to have a balanced credit portfolio. You can have secured (such as a mortgage or car loan) and unsecured (such as a personal loan or credit card) loans. You can also have credits with both long and short terms. A surplus of unsecured debt could be perceived poorly. New Credit Cards Very Frequently Take into account whether you require any additional credit card accounts. Multiple unused credit lines will incur additional fees and have no positive impact on your CIBIL score. How to Check Your CIBIL Score? RBI mandates that credit bureaus give people access to their credit reports online. You can check your credit score simply by visiting the credit information company’s web portal. Here are the steps to check your credit score on CIBIL. Visit the CIBIL website and go to its credit score page. Login into your CIBIL account. Enter the details, such as your PAN number, DOB, and address, to confirm your identification. Enter the OTP sent to your linked email or mobile number. You will see your debt and other information on the following screen. Check for any errors in the report. Also, report if there is any missing record or additional information. You can also check your credit score on Piramal Finance for free. You only have to enter your details, and you will get your credit score in a few simple steps. [B-02] Conclusion It is clear that a good CIBIL score is necessary, especially when planning to apply for credit. Banks and other financial entities that lend money basis a high CIBIL score. Therefore, to prevent loan rejection due to a low CIBIL score, it is advised to maintain and improve your CIBIL score. Visit Piramal Finance to read more such blogs on credit scores and finances. You can also check out the housing loan and personal loan sections.

08-11-2023
Electronics

How to Choose Between an LG and Samsung TV?

It’s difficult to limit your options to just two or three TV brands when there are so many on the market. But you’re making the right choice if you’re selecting between Samsung and LG. These two titans compete against one another in the crowded consumer industry and are among the best global TV manufacturers. So which brand is better? Let’s start with a few important foundational concepts to keep in mind before delving into the distinctions and parallels between these two companies. Samsung and LG, two South Korean technology companies, were founded in 1938 and 1947, respectively. Both brands are well-known worldwide and have a significant reach in the US and Europe. It is not surprising that the two firms produce several TV models each year, given their size and reputation. Whatever your needs are in terms of size, form, picture quality, or processing capabilities, LG and Samsung have covered them. [B-01] LG TV vs. Samsung TV Although many of their high-end sets use relatively different panel technologies, Samsung and LG produce some of the best smart TVs available today for both high and low price points. Unlike Panasonic and Philips, which lack licences in North America, both South Korean manufacturers are major players in the worldwide television market. Every year, they have a sizable installed base and a diverse selection of televisions. Samsung and LG release various models each year, ranging from the best 32-inch smart TVs and the best 4K TVs to some of the best 8K TVs for large sets that cost thousands of dollars or pounds. Comparing prices becomes difficult. However, both brands can meet your needs for a new TV, regardless of size, shape, resolution, or price. Smart TV platforms Both Samsung and LG use exclusive smart TV platforms, each with a distinct personality. Since 2014, LG has dominated the market with webOS, a simple, unadorned smart TV interface. For frequently-used apps, streaming services, and inputs, it features a horizontal navigation bar with flexible positioning so you can decide where your favourite apps are displayed on the dashboard. Although the structure of Samsung’s Tizen platform isn’t very different from LG’s ThinQ AI software, it doesn’t have as good a search mechanism. What about voice assistants, though? The Google Assistant is already embedded into LG’s OLED and Super UHD televisions, and there is some limited Alexa device compatibility. Samsung offers the option to use Google Assistant or Alexa through third-party devices in addition to its own (slightly inferior) first-party Bixby assistant, which is available exclusively on mid-range or premium televisions. Panel technology The two-panel technologies used in today’s high-end television industry are OLED and QLED. The term “organic light-emitting diode,” or OLED, refers to a TV panel that can produce its own light instead of needing light to shine through it. This makes it possible to regulate the brightness of individual pixels and create incredibly small TV panels. OLEDs are renowned for their rich colour reproduction, intense black depths, and low brightness. OLED screen “burn-in” is a frequently discussed topic. However, much of the evidence is anecdotal. You would likely need to work the set quite hard for this to become an issue. It is fair to note that Samsung’s sets fall short in contrast (relatively) but make up for it with a high and dynamic display. OLED is often suited to high-quality video formats in gloomy viewing environments. Format Both TV makers support high dynamic range (HDR). However, they support somewhat different formats. LG incorporates Dolby Vision into its premium line of OLEDs and Super UHD TVs, while Samsung prefers HDR10+ for its high-end TVs. Both formats use dynamic metadata to adjust the television’s display to the content being viewed, so scenes of dimly lit drawing rooms or dark underground dungeons have different levels of brightness, contrast, and picture processing. Which television brand should you buy, Samsung or LG? Due to production bottlenecks and a decline in demand during the pandemic, both TV makers struggled. With its new QD-OLED TVs and quantum dot-OLED hybrids that potentially compete with LG’s OLED technology, Samsung, the market leader, could further solidify that position. If you’re looking for the most impressive picture quality, regardless of price, nothing currently beats LG’s OLED panels for colour and contrast. But the best Samsung TV can light up a room and offer a greater (if slightly unnecessary) boost in pixel density. [B-02] Bottom line Both TV brands are generally regarded as being reliable, so choosing one of them won’t be a mistake. It all depends on how much money you want to invest and which qualities are most relevant to you in the LG vs. Samsung argument. Both TVs will provide excellent image resolution and the smart TV features you’re looking for. Do you currently own an LG or Samsung device? How do you feel about it? Do you have experience with both of these models of TV? If so, do you favour one over the other, and if so, why? And if you are wondering how to fit such a purchase within your budget, a financial expert like Piramal Finance can help. Know how to apply for easy financial solutions with Piramal Finance, like personal loans, EMIs, and credit cards, and manage your personal finances efficiently.

08-11-2023
Business Loan

How Do I Become Eligible for an MSME Business Loan?

Micro, small, and medium enterprises (MSMEs) are the backbone of any economy. They play a vital role in its development. MSMEs account for over 8% of India’s GDP. Plus, they contribute 45% of the manufacturing output and 40% of exports. MSME loans, or startup business loans are credit products that banks and other financial institutions offer to small businesses and entrepreneurs. These loans help businesses with resources and collateral access. An MSME business loan helps provide businesses with the capital they need to grow and expand their operations. There are a variety of MSME loans available. It includes term loans, working capital loans, equipment loans, and more. Each type of loan has its own specific eligibility criteria and repayment terms. MSME business loan is an important source of financing for small businesses in India. It provides the capital to invest in new equipment, expand operations, and hire new employees. These startup business loans are also typically cheaper and easier to obtain than traditional bank loans. If you are a small business owner in India, an MSME loan may be right for you. But how do you become eligible for it? [B-01] What Are the Eligibility Criteria for an MSME Business Loan? To apply for an MSME business loan as an individual or a company, you must fulfill the following eligibility criteria: You must be at least 22 years old when you apply for the MSME business loan. You must be at most 65 years old at the time of the loan’s maturity. A private company or sole proprietor can also apply for startup business loans. An MSME business loan can also be given to a private company in the trade, service, or manufacturing sectors. The applicant must have been engaged with the concerned business for at least 3 years or have at least 5 years of experience in the same. The business should generate a basic income of a minimum of INR 2 lakhs a year. Additionally, the business should have a turnover of INR 10 lakhs a year. There should be profits for at least 2 years. It should also be registered as an MSME on the Udyam Portal, and it must have an MSME registration certificate. What Are the Qualifications for an MSME Business Loan? Every MSME or startup must have a set limit for investment and turnover thresholds. It will ensure their eligibility when applying for the MSME business loan. Micro-level business or startup These businesses must have an investment of less than INR 1 crore and a turnover of less than INR 5 crore. Small-level enterprises Such businesses must have less than INR 10 crore worth of investment, and their turnover should be below INR 50 crore. Medium-level business These enterprises must have a total investment below INR 20 crore and a turnover below INR 100 crore. Which Documents are Required to Apply for Startup Business Loans? Here are some documents that you will need when applying for an MSME business loan. Check out the list below: The PAN card of the applicant or the company applying for the loan. Proof of identity, such as an Aadhaar card, a voter’s ID card, etc. Valid and current proof of address of the applicant. It includes a ration card, rental agreement, etc. The proof of business address. It includes rental or lease agreements and utility bills. Form 16 along with bank and income statements. Tax documents such as the company’s income tax returns and sales returns. They must be from the last 2 years. Audited financial statements of the company for proof. They should be from the last 2 years. What Are Some of the Features of MSME Business Loans? Certain features of startup business loans make them a preferable loan option for businesses. These include: Accessibility An MSME loan is easy to obtain. The related application process is hassle-free. The individual only requires a few documents. Plus, the loan amount also has a quick disbursal time. It is helpful in times of need. Low rates of interest An MSME business loan has a low interest rate. It is popular among small businesses and individuals. No need for collateral MSME loans are collateral-free. They do not require any security. Therefore, these loans help individuals and small businesses. They can boost their productivity. Flexibility Businesses fulfill their short-term requirements with MSME loans. There is no long-term commitment to these options. So, these loans are very flexible. Safety Government schemes and programs support MSME business loans.This makes them easier to obtain. The Advantages of a MSME Business Loan An MSME business loan is an ideal financial product. It is mostly suitable for businesses and individuals. Some of its benefits include: The loans are good for many purposes. It includes working capital, machinery, equipment, and vehicle purchases. These loans are mostly collateral-free, making them very safe. Businesses can get quick approval and disbursal of the loan amount. The interest rate on MSME business loans is usually lower than that of personal or unsecured business loans. The list of documents required to apply for startup business loans is quite modest. An MSME business loan also has an extended tenure. It ranges between 1 and 5 years. [B-02] Final Takeaway Funding is important if you want to start a new business. Similarly, if you want to expand your existing business, you will need more funds. There are many different funding options available for you in the market. However, if you are a small business, you should try to look for an MSME Business Loan. These loans help small business owners get the funding they need to grow their businesses. These loans also minimize red tape, which is common with other loan options. If you are looking for a startup business loan or an MSME business loan, visit Piramal Finance to find the right loan for you. At Piramal Finance, you will find authentic and personalized information on financial products and services, including personal loans and financial calculators.

08-11-2023
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Ways to Get a Personal Loan With a Low Cibil Score

Do you want a personal loan? Before giving any loan, banks check the creditworthiness of the customer. The credit score is used to assess its worthiness. The credit score helps banks predict your credit behavior. And if your credit score is low, it is highly unlikely that banks will lend you any money. A personal loan is the most common type of loan distributed by banks. As the loan is unsecured, banks mainly focus on credit scores. Moreover, there are no assets or mortgages to fall back on if the customers default on the loan. The Reserve Bank of India has licensed four companies to operate as credit information companies. CIBIL, or Credit Information Bureau (India) Limited, is the most reputed and oldest company among them. The Credit score starts at 300 and goes up to 900. And if your CIBIL score is low, you will face some difficulties getting a personal loan. So, let’s see the required CIBIL score for a personal loan. [B-01] Required CIBIL for Personal Loan: As per the leading lenders in the financial domain, your CIBIL score for a personal loan should be at least 720. With this score, you can easily get a personal loan from any bank or NBFC. Some banks and lenders also provide personal loans to users with a CIBIL score of 600 to 700. However, the lower your score is, the less money will be approved. Moreover, the bank may also charge a high interest rate on the personal loan for a low CIBIL score. If your credit score is less than or around 600, the chances are you won’t get a personal loan. So, let’s see the ways to get a personal loan with a low CIBIL score. Ways to get a personal loan with a low CIBIL score: A low CIBIL score for a personal loan is the last thing any bank or NBFC would like to see. Luckily, there are many new fintech platforms and NBFCs that offer loans in the case of a low CIBIL score for a personal loan. However, these platforms charge a high interest rate. These are some ways that can help you if you have a low CIBIL score for a personal loan. Let’s see: Show income proof to the bank: If your credit score is really low, the bank will not be willing to give you a personal loan. But, you can provide some evidence suggesting you can repay the loan on time. And if the bank sees any merit in your claims, they will be more likely to grant the loan. For example, the bank may consider your application if you recently received a salary hike or have another income source. So visit the branch personally and talk with the loan manager along with this evidence. While the interest rate may be a little higher, you may receive a personal loan with a CIBIL score of 550. Apply for a lower loan amount: Applying for a loan of a higher amount with a poor CIBIL score is always rejected. On the other hand, a low CIBIL score for a personal loan means there is an increased risk for lenders. And they won’t be willing to take the risk unless convinced otherwise. However, the bank may take the risk if you are applying for a lower amount. Because a lower amount will be easier to pay and timely repayment can increase the CIBIL score. Apply with a co-applicant: Applying with a co-applicant or guarantor with a high CIBIL score can improve your chances. So, if you want a personal loan but don’t have the required CIBIL score, then, get a co-applicant or guarantor for the loan. However, you will need to talk with the other person beforehand. It’s because there are formalities like KYC and other documentation. The benefit of this approach is that if the bank finds the co-applicant or guarantor worthy, your loan will be approved in no time. Correct the mistakes in your credit report: Banks and other financial institutions sometimes send the wrong information to credit bureaus. Or, the latest information isn’t updated in the credit report. These mistakes can take a toll on your credit health. So, it’s important to check your credit score and credit report from time to time. You can check your credit score for free. Four factors determine the CIBIL score, each of which holds some weight. Factors Weightage Payment history 30% Credit Exposure 25% Type of credit and credit duration 25% Other factors 20% Alternatively, check your credit report for any mistakes, like missing details on earlier paid loans. If there is any, report it directly to the credit bureau with proper evidence. Request the bank to treat your case as NA or NH in the credit report: The NA or NH in your credit report means there hasn’t been any credit activity in the last 36 months. So, if your credit report doesn’t show any credit history, talk to the bank and explain the reasons for it. Chances are the bank will give you the loan at a little high-interest rate. How to improve your credit score: The last and ultimate option to get a personal loan is improving your credit score. Because none of the above methods can guarantee your loan application will get approved with a low CIBIL score. So, ultimately, you will need to increase your credit score anyhow. To improve your credit score, start by paying down your previous debts. You can also avoid making late payments and using credit cards to the limit. By keeping great credit habits, your CIBIL score will increase gradually. Till then, you will have to adjust to high-interest lenders. [B-02] Conclusion: A personal loan is the easiest to get, and the borrowers need not offer any collateral. While it is quite tough to get a personal loan with a CIBIL score of 550, it’s not impossible. Many lenders like Piramal Finance approve a personal loan with a CIBIL score of 550. All you need are some documents, proof of your eligibility, and the required CIBIL score for a personal loan.

08-11-2023
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5 Dressing Table Designs in 2022 That Are Sure to Turn Heads

If you’re reading this article, you’re most likely hunting for unique dressing table designs for your room. Maybe you’re looking for one that is smartly designed and does not take up a lot of space in the room. Or, perhaps, you want the dressing table design to be minimal yet elegant. Or, maybe, one that complements your taste or the vibe of your room. [B-01] Whichever it is, your search for the best dressing table designs will be over by the time you finish reading this article! Learn about the latest styles and help find the one that best suits your needs and choices. The Minimalist If you’re a minimalist or don’t have a lot of cosmetics or jewellery to store on a dressing table, you will love this one. It’s simple to install and will easily grace any well-lit corner of your room. Besides using the drawers, if you need to store more things, you can neatly arrange them in small pouches, boxes, or organisers and place them on the table. These dressing tables are best suited for small rooms. Their seating stools save space in the room as you can slide them under the table. Another advantage of these designs is that if the table top is clean, you can use the dresser as a desk when needed! Bright, Fresh, Modern Styles If you’re struggling to choose between a small, plain dresser and a huge, lavish one, this one is the middle ground you need. Such dressing tables are simple, stylish, and roomy enough. You can easily store your cosmetics, jewellery, and other accessories in the drawers. So, you can very conveniently find them all in one place. If you have the space, you can keep extra shelves on the sides, just like in the picture above. Pro tip: use drawer storage organisers to arrange all your things so that you don’t have to waste time struggling to find small articles. Wall-Mounted Dresser A wall-mounted dressing table design is another wonderful choice for a small room. The full-length mirror works brilliantly to create an illusion of space and make the room look larger. And it is also perfect for clicking mirror selfies or glancing at your outfit before you leave the house. You can hang your bangles, bracelets, watches, belts, or keys on the rods or hooks. And you can place all your lotions, perfumes, jewellery boxes, etc., on the shelves. Just be careful not to keep small jewellery items directly on the shelves, or you may lose them! You can use any chair or seating stool for sitting comfortably and adorning yourself. This is one thing that wall-mounted dressing tables fail to give. It is easy to spread out all your makeup essentials on a table and use them handily. The Classic Retro This one is a classic retro dressing table design. It is not an entirely new style, but it’s certainly back in trend. If you have a thing for retro designs that make you nostalgic, this one will be a good option. Or if you want something that isn’t huge yet gives a classy plush look, go for such vintage dressing table designs. It is, again, a piece of creative space-saving furniture. It has good enough storage capacity- neither too little nor too much. It will be sufficient to store everyday essentials. You won’t be disappointed to sit there admiring the dresser and yourself in the mirror! Wardrobe Cum Dresser A wardrobe/closet cum dresser is a modern dressing table design that is very thoughtful and practical. What’s better than having your dresser embedded in your wardrobe unit itself? And to have ALL your outfits, makeup, accessories, and everything you need to get ready in the same place? There are several ways in which a wardrobe cum dresser can be arranged! You can have the dressing table in the centre of the wardrobe or on any of its ends. If you opt for a chair or seating stool, you may miss the presence of a full-length mirror. So, in that case, you can install mirrors on the doors of the wardrobes. And you can use the space below the table top to slide in the seating stool or install extra storage drawers. If you want your wardrobe to look uniform and plain, the dresser can be covered with wardrobe doors, something like in the picture below. Tips or pointers you must keep in mind while choosing a dressing table design for your room Make a list of things you want to store on your dressing table – jewellery, cosmetics, bags, belts, keys, stationery, indoor plants, etc. Then decide the size of the dressing table and the number of drawers and shelves depending on that list. Don’t compromise on good lighting. Your dressing table is where you get ready to go to work, parties, etc. And you need a well-lit, bright room to dress up and apply makeup. That makes good lighting imperative. Get in-built bulbs in your dresser, or use fairy lights or lamps. If possible, keep the dresser in a place that gets natural sunlight. You might want to get a dresser with a full-length mirror. After all, it’s quite advantageous. It makes the room look bigger. It allows you to view your complete outfit. And most importantly, it is super helpful when draping a Saree. If you are guilty of keeping your room messy, invest in a dressing table with sufficient drawers. This will help you keep the tabletop free from mess and clutter. Ensure that your dressing table’s colour and design match your room’s vibe. Consider the walls’ colours, the room’s size, and the colour, design, and other furniture. [B-02] Conclusion Now you know the right information about the various dressing table designs. We hope this article has given you more clarity about the designs you need. Whether you choose a retro style, a closet cum dressing table, or a wall-mounted dresser, just be mindful of your requirements and preferences! Also, consider checking out our other blog posts for more helpful content on electronics, fashion, finance, etc. Read more blogs related to furniture, fashion, etc. on the Piramal Finance website. Explore our financial products and services, especially personal loans, credit cards, and financial calculators.

08-11-2023