More articles for you

Your one stop place for everything related to finance and lending

Other

Tips to Avoid an OTP Fraud

In the last few years, one-time passwords (OTPs) have emerged as a security measure to avoid banking thefts. An OTP is supposed to ensure that one’s money is safely transferred. It has become a time-bound security measure and has become more popular with the rise of digital transactions. But today, OTP has become a way for scammers to siphon money from people through fraud. [B-01] What is an OTP Fraud? People who conduct an OTP fraud do so by impersonating a company. They make several calls through fraudulent and fake numbers. Then, they offer lucrative services or easy money to the people on the other end. They lure people by promising them cash prizes and the prospect of quick deposits into their accounts. Most people fall into this trap and give in to fraud. The scammers then ask them for their card details. It includes the card number, PIN, and OTP. Many people, who are unaware of such frauds, readily offer these details without a second thought. As soon as these scammers get the details they need, money is deducted from the bank accounts of the owners. Such unauthorized bank transfers are what we call fraud. Surprisingly, this is not the only way in which fraudsters carry out OTP theft. Another way for scammers to steal one’s private information is by using malware. They can get a person to install malware on their phone. They usually do so by pretending to address a customer’s grievance. This gives them access to the customer’s phone. They can then read the OTP messages, again compromising the owner’s bank account. Yet another way for scammers to extract non-OTP from customers is to offer fake promises. They also try to startle the customers with the negative consequences of not following their instructions. Often, people feel threatened and give in to the pressure. These are some of the common ways in which scammers extract OTP for fraud. Amid rising incidents of such fraud, one needs to stay vigilant. Tips to Avoid Being a Victim of OTP Fraud Here are some tips that can help you learn how to be safe from OTP fraud: If one receives a text message with an embedded link in it, one must not click on it. Unless they can verify the identity of the sender of that message, clicking on such a link might lead to falling prey to fraud.One must always check the identity of the sender of a text message. Every bank uses only one common number to send informational messages to customers. If one receives a message related to their bank from any other number, there is a high chance that it is a fraud. One must not download any suspicious apps from Google Play or the App Store, even if the caller claims that it is needed for verification of some sort. No genuine bank ever asks one to download any app for solving grievances. One must never disclose their OTP to anyone. This includes their financier and bank. No genuine bank ever asks for one’s OTP. An OTP is only meant to be used by the customer. Anyone else asking for it to solve a query is sure to be a scammer. One must always keep a strict check on their text messages and emails. If any OTP is generated on their number without their knowledge because of a fraudulent transaction, they can detect it early. If one wants to connect with their financial provider, they should always do so through an official channel. They must use only authorized customer care numbers and official email addresses. Even while communicating with their banks, they should never disclose sensitive information such as their card PIN or OTP. One must be cautious of promises of earning easy money or cash prizes, especially when asked to deposit some money for the transaction to proceed. This is a common tactic used by scammers. One must regularly check that they do not have any malicious apps installed on their phone. Such apps can collect sensitive data from your phone. What to Do If One is Scammed? In the unfortunate event that one falls victim to an OTP fraud, one should reach out to their bank right away. One should request that their bank block their card as soon as possible. At the very least, this will ensure that the bank details are not compromised any further. Usually, banks provide dedicated contact numbers and email IDs to reach out to if you suspect fraud. Staying alert and informed is the best way to protect yourself from financial fraud. By observing these and several other tips for fraud prevention, one can steer clear of scammers. In the present, when digital transactions are on the rise, it is important to stay safe. One must remember that the safety of their bank account is in their own hands. Once a phisher steals money from an account, it can hardly ever be recovered. [B-02] Conclusion Lately, OTP thefts and frauds have been on the rise. But by following a few basic steps, one can minimize the chances of being scammed. It is very important to stay updated and informed about the operations of digital devices and banking services. For all such information, reach out to Piramal Finance. It serves as a one-stop shop for all financial information. Also, their blogs help in learning everything about financial services. Piramal Finance blogs might also give insights into any new patterns of phishing scams against which one must be careful.
08-11-2023
Read More
Personal Loan

Top 5 Benefits of a Personal Loan EMI Calculator

An EMI calculator for personal loans is a tool that calculates the amount of money that you will have to pay to the bank each month to repay a personal loan. You can determine the amount you will have to pay for different banks. You can do this by entering the principal sum, interest rate, and loan period into the EMI calculator. The EMI calculator will then indicate the amount you must repay to the bank in monthly installments. An EMI calculator for personal loans may also assist you in understanding what the loan’s interest is. You can use the EMI calculator to calculate EMIs for all types of loans, such as auto loans, home loans, and personal loans. The personal loan eligibility calculator will assist you in making wise financial decisions. This article explores the advantages of using a personal loan eligibility calculator when planning to take a loan. [B-01] How to Use an EMI Calculator for Personal Loan Calculations You can use an EMI calculator for personal loans by entering the following information: The amount you want to borrow: This is the amount of money that the lender will lend you as a personal loan. The interest rate that the lender is charging: This is the amount that you will pay to the bank, which is a portion of the amount you want to borrow. The loan term: This is the time period within which you have to repay the loan. What Are the Benefits of Using an EMI Calculator for Personal Loans? Simple to Use One of the benefits of the EMI calculator for personal loans is how easy it is to use. It is simple and guides you through each step. Banks ensure that customers can use the EMI calculator for personal loans by making it easily accessible. To use the tool, all you have to do is go to the official website of the bank. Then, enter the amount you want to borrow, the interest rate, and the payback term. A personal loan’s payback term might vary from one to five years. Some providers even offer a personal loan app that makes it easy to use the personal loan eligibility calculator. Some reputable banks also offer on-call or in-person assistance with EMI calculations, which helps customers understand their loan repayments. Time-Saving Another advantage of using the EMI calculator for personal loans is that it saves time by providing quick and precise data. A personal loan eligibility calculator is available online. This helps people save the time and effort of going to the bank, standing in line, and waiting for their loan EMI to be calculated. Furthermore, people do not have to carry out the cumbersome task of preparing and providing multiple documents or calling an agent to figure out the exact repayment details. Instead, you can use a personal loan eligibility calculator from the comfort and convenience of your home, office, or other location where you are applying for a personal loan. Accurate Results Calculating accurate results is one of the most important benefits of using an EMI calculator for personal loans. There is always the chance of error with manual calculations to determine how much interest is due. With the pen-and-paper method, there is the risk of miscalculating the total sum due. Also, you do not have to manually test different interest rate combinations, target loan rates, and loan tenures. When you use the personal loan eligibility calculator, you save time and get precise and instant results for multiple loan options within minutes or even seconds. The tool also allows you to adjust the factors driving your EMI. It helps to test different loan amounts without affecting your credit score. Personal Loan Plan Comparisons Using an EMI calculator for personal loans allows you to check the interest and the total due for different loan sums and tenures without impacting your credit score. Soft checks are simple to conduct with a personal loan eligibility calculator. Also, you do not need to pay an agent or broker to provide these estimates and analyses on your behalf. You can easily try various funding choices using this tool. You can also figure out the most appropriate loan amount based on your monthly financial needs, day-to-day costs, and overall lifestyle. It should be noted that you are not required to select the first personal loan plan that is offered but can make your choice after making multiple plan comparisons with the personal loan eligibility calculator. Makes Loan Planning Easier An EMI calculator for personal loans is intended to assist you in figuring out the interest and the total due on a certain loan sum. Because of how easy it is to use, the EMI calculator for personal loans is the main method of calculating EMIs. A personal loan eligibility calculator does not merely indicate how much is due in EMIs. It also offers you a repayment schedule or table for the life of the personal loan. This repayment table displays the precise percent of the interest rate due each month until the loan is repaid. Using an EMI calculator for personal loans will help you plan your loan instalments ahead of time and avoid late payments. It assists you in evaluating your financial requirements, as well as determining how you will make your EMI payments. Repaying a loan on time is very important, and it can be difficult without proper research and planning. [B-02] Conclusion If you have already decided on a personal loan plan, the EMI calculator for personal loans will give you an exact estimate of what your monthly payments will be. The personal loan eligibility calculator is useful when researching the many loan choices offered. When you enter the loan amounts you are considering, the interest rates, and the tenure options, you will get a summary of your payment plan. This tool offers a simple analysis of loan options and also allows you to make a more timely, hassle-free, and educated choice on which loan plan to select. For more blogs on personal loan eligibility calculators, visit Piramal Finance and explore many other articles like this one!
08-11-2023
Read More
Know More

Phishing – What is Phishing, Types and How to Prevent It

Cybersecurity is a popular topic today. Even though technical security is getting better, cybercrime is getting worse. Cyberattacks have become much more common. Phishing is one of the most popular and simplest ways for hackers to attack. Phishing happens when a network isn’t secure enough or when hackers use complicated methods to get into it. There are also other reasons. Even if your company has strong security measures in place, some phishing emails will still get through and cause problems. Let’s talk about the meaning of phishing, the types of phishing, and how to prevent it. [B-01] What is the Meaning of Phishing? Phishing is a cyberattack that involves contacting one or more targets by text message, email, or phone. Cybercriminals do it by pretending to be authorized people or institutions to get people to give them sensitive or private information. Some examples of such important personal information are bank account numbers or credit cards, passwords, and so on. With this information, cybercriminals have instant access to a secret data storage area or a crucial bank account. This leads to theft, fraud, or the loss of money. Given these scary results, it is important to know how to stop phishing. The first step in stopping this from happening is to know how to spot strange and unknown emails. How to Spot Phishing Emails Look for the following signs to spot suspicious phishing emails: Domain names with misspelled words Public email domains Poor use of grammar and language Links or attachments that look fishy Urgent call to action Types of Phishing Attacks Most of the time, phishing means fraud done through email, but there are other kinds of phishing as well. Phishing Emails Email is the most common way to do phishing. Scammers sign up for fake domains that look like they belong to real companies. They send a lot of requests to the people they are trying to scam. Characters are often switched out in fake domain names, like when “r” and “n” are put next to each other to make “rn” instead of “m.” There are many ways to spot phishing emails, but when a message asks you to install an application or click a link, you should always check the email address. Spear Phishing Spear phishing is like other phishing attacks in that it uses messages from a source that seems trustworthy to trick people. A spear-phishing attack, on the other hand, is aimed at a specific person or group of people rather than trying to send generic messages to many users in the hopes that one of them will fall for the trick. IT managers and HR staff are popular targets because they have more access to the organization as a whole. Smishing and Vishing In smishing (SMS phishing) and vishing (voice phishing), mobile phones are used instead of email. With smishing, hackers send text messages that look like phishing emails but aren’t. Vishing happens over the phone, and the scammer talks to the target directly. In one common vishing scam, the scammer tries to pretend to be a fraud investigator from a credit card company. The scammer tells the victims that their accounts have been hacked and asks them to confirm their identity by giving credit card information. The attacker could also ask the victim to send money to a different account. Pharming Pharming is a type of phishing that is very technical, which makes it harder to spot. It happens when a hacker takes over the domain name server (DNS), which turns URLs into IP addresses. When a user types in the URL of the target website, the DNS sends them to a different IP address, which is usually a devious website that looks like a good one. How to Avoid Phishing Attacks A business or company can only be successful if it is secure. Every business needs to know what phishing is and take strong steps to stop phishing attacks. Your defense is much stronger if you use strong and consistent cybersecurity practices. Don’t put off putting tight and appropriate security measures in place to ensure your business’s security. Here are some things you can do to stop phishing. Create a safe and secure environment Pay attention to social engineering and building trust. Don’t blame or punish the workers who were victimized. If people play “who’s to blame,” no one will be held responsible, and the organization will suffer. Check to see if the emails are real When you find a suspicious or important email, you should always double-check its validity and the address of the sender. Then check what’s inside and let the cybersecurity department know. Stay vigilant Phishing threatens the target and uses people’s psychology against them. These phishing emails use emotion, gratitude, or a false sense of urgency to get your attention and get you to act. Train your employees People who know how to stop phishing will tell you to train your staff through programs that raise awareness. Checking how well this kind of training works is always a good idea. Keep your information private Make sure you don’t give out your information on sites you don’t know or that aren’t safe. Don’t download anything from that website. Updating your browser Your browser should be kept up to date. Updates are meant to do something specific. They might make your security better and defend you from phishing attacks in the future. [B-02] Conclusion Phishing prevention is important because more criminals are using online scams to get your personal information. We know how to avoid spam emails, but phishing emails can look like the real thing. Some of them are even made especially for you. Phishing can be hard to deal with at times, but if you follow the simple tips and advice in this article and use the right tools to stop phishing, you can greatly reduce your chances of getting scammed online. For more details, you can visit Piramal Finance’s website and explore their
08-11-2023
Read More
Personal Loan

What are the Benefits of a Pre-Approved Personal Loan?

Personal loans have become very popular these days, thanks to the easy availability of loan terms at a time when credit is becoming harder to come by. Everyone needs a loan from time to time. A personal loan can be an excellent option for cash-strapped students or those who are looking for relatively small amounts of money. With these loans, you can easily get cash off your hands for things like a vacation or a new piece of furniture. Personal loans are typically unsecured, which means that you don’t put up any collateral and are not providing any security for the loan by giving personal guarantees. If you’re in the market for a personal loan, you may be wondering what the benefits of a pre-approved personal loan are. A pre-approval means that the bank has already determined that they would like to extend a certain amount of money to you. This can be very helpful because it will decrease the amount of time it takes to get your loan approved. [B-01] Here are some benefits of pre-approved loans: 1. Minimum documentation: Pre-approved personal loans usually require very little documentation. This means that you can get your loan faster. The lending institution has already checked your credit and decided to pre-approve you for a loan; therefore, they know that you are a good risk and most likely won’t be putting their money at risk. One thing that makes the loan process easier is that it doesn’t take very long. If there is too much paperwork and it takes months for your loan request to be looked at, this will make things harder for you than they need to be. 2. Lower interest rates: Usually, when you are pre-approved for a loan, the bank or lending institution will know that it is highly likely they will get their money back to them in full because your credit history and income make you a good candidate for repayment. In addition to knowing the likelihood of them getting their money back, they also know that they won’t have to wait very long before their money comes in. This can sometimes lead to lower interest rates because the lender is taking less risk. 3. Quick sanction: If you’re a consumer who is in desperate need of cash, then you are probably going to want a loan that is sanctioned very quickly. When you’re pre-approved personal loan, the sanctioning process can be much faster within days, rather than weeks or months because the lending institution has already put in all of the hard work of reviewing your case and deciding whether or not they would like to lend to you. 4. A lower interest rate: If you are applying for a loan and aren’t pre-approved, then the lender probably won’t give you the best rate. This is because they don’t know your income or credit history very well. However, if you are pre-approved for a loan and have already been thoroughly reviewed by the lending institution, there is a greater likelihood that they will approve your loan at a better rate. Being approved for a loan means that the lender is taking less of a risk when loaning you money; therefore, they might be more willing to give you their best rates to compensate for this. 5. Flexible loan period: Being pre-approved for a loan will give you access to more flexible repayment terms. This is because the lender has already determined that you are worthy of being lent money and has decided to offer you a loan at this time, so they probably won’t mind lending it to you on your terms. They will likely be much more flexible with the repayment period, allowing you to pay off the loan within whatever time frame works best for your needs. This can be extremely helpful because it will allow you to get your loan at a time when you need it, and pay it back without any problems. 6. Access to larger borrowing limit: When you are pre-approved for a loan, the lending institution has already done the work of reviewing your credit history and current income and assets. They know what your budget looks like, which means that they can usually offer you a larger loan amount than if you weren’t pre-approved. If you are looking for a personal loan, then being pre-approved can be one of the best things that could happen to you because it will streamline your loan application and decrease the amount of time it takes to get approved. 7. More negotiating power: When you apply for a loan and aren’t pre-approved by the lender, it is more likely that you will have less negotiating power. This is because the lender doesn’t know how reliable you are or whether or not they will get their money back from you. On the other hand, if you are pre-approved for a loan, you have more power because the lending institution has already decided that they want to give you money. This means that they will likely be more open to your requests and will usually be willing to negotiate their terms. 8. Special discounts: If you are pre-approved for a loan, then you might get pre-approved loan offers that give you special discounts, such as additional perks, because they believe they will be getting their money back from you. There is usually a certain amount of confidence that comes with being pre-approved. If you are going to be applying for a personal loan, then it’s worth it to see what sort of discounts you can get just by being pre-approved. [B-02] Pre-approved personal loans are a great option when it comes to getting cash quickly. If you are looking for an easy way out of a financial bind, then getting a pre-approved personal loan from Piramal Finance can be exactly what you need. They offer flexible repayment terms ranging from 12 months to 60 months, as well as zero prepayment and foreclosure charges on your loan.
08-11-2023
Read More
Personal Loan

What Are the Features and Benefits of an Instant Personal Loan

It’s highly likely that despite your best efforts, you will fall short in terms of cash to cover unforeseen expenses. At such times, you require some extra cash to cover those expenses, which can be almost anything. Instant personal loans are a common way to quickly receive the money you need. Applying for a personal loan online is quick and easy, and if you need more than Rs. 20 lakh, you may acquire it quickly with adjustable EMIs that span from 5 to 7 years. [B-01] What is an Instant Loan? These days, banks work more efficiently than they did a couple of years ago. Banking processes are becoming increasingly paperless and quick. Further, there is a rising need for rapid loans online to cover unforeseen costs such as medical crises, the acquisition of a major asset, wedding or trip expenses, automobile or house maintenance costs, and more. Increasing numbers of people are opting for instant personal loans because of how quickly they can be disbursed post-application. What Are the Different Types of Instant Loans? Here are some examples of widespread forms of quick loans: Short-Term Personal Loans (STPLs): STPLs are gaining traction in India, where borrowers can acquire a loan for as little as Rs. 1,000. Many NBFCs and online lenders now provide these services. It’s the best option for solving money problems at the end of the month. You may apply for an STPL Loan online or through the mobile app, and once approved, the funds will be sent to your account in a matter of minutes. Personal Loans: Most people turn to this type of loan when faced with a financial emergency since it is the most widely available unsecured lending option. Numerous financial institutions (FIs) and Non-Banking Financial Companies (NBFCs) provide this loan with amounts ranging from 30,000 to 40,000,000. This loan often has a higher interest rate than a secured loan, but you can return it whenever you choose over a longer period. Top-Up Loan: A top-up loan is a loan taken out in addition to another loan, usually a mortgage or personal loan, and used to pay for unexpected expenses or make necessary improvements to one’s house. This loan may be processed quickly with no effort on your part because the bank already has the necessary information on file. Loan Against Credit Card: Depending on your payment history and credit limit, your credit card issuer may extend you this form of loan if you have a credit card. Loans that have already been authorized can be processed promptly and disbursed to the borrower. You may also apply for this loan by contacting your credit card company. Insurance and Savings Loans: A variety of financial institutions (both banks and NBFCs) will provide you with a loan if you have a small amount of money in things like insurance policies, bank deposits, or NSCCs (NSCs). The term “demand loan” can also be used to describe this type of borrowing. However, the sum you can borrow is determined by the cash value of your policy or NSCs at the time of maturity. Borrow up to 90% of your savings value if you have a good repayment history. What Are the Top Features and Benefits of Instant Personal Loans? Paperless Approval: Certain documentation may be required by the lender in order for your loan application to be approved. However, when applying for a personal loan online, all paperwork is handled digitally. In addition, if you are a client who has already been pre-approved, you will need to submit very little paperwork. No Collateral: Quick personal loans are unsecured loans. Therefore, you won’t have to worry about providing security or collateral for this. Instant Disbursal: If you need money quickly, a fast personal loan is a good option because of the speed with which approved funds are deposited into your account once the loan has been finalized. Almost No Waiting Time: Instant personal loans have a far quicker turnaround time compared to traditional loans. Flexible Loan Terms: A borrower of an instant personal loan has several repayment options. This means that you can select a repayment term that best suits your needs within the confines of the lender’s maximum loan payback period. Variable Loan Amounts: People who want immediate personal loans can ask for any amount between the minimum the lender requires and the most the lender will give. Competitive rates: A low-interest loan is more likely to be provided to someone with a high credit score. As a result, you’ll be able to reduce the cost of the loan. What Are the Eligibility Criteria for Instant Loans? The following are the prerequisites for applying for a payday loan online: One’s credit score is essential for obtaining a low-interest, no-hassle personal loan in a short amount of time. Keeping your credit score above 750 is highly recommended. Prospective borrowers applying for a quick personal loan must be of the minimum age required by the lender. The minimum and maximum ages may change depending on whether you’re an employee or a business owner. Before applying for a quick personal loan, it is important to find out how old you have to be to meet the minimum age requirement of any financial institution you are interested in. Employment status: Most lending companies will give instant personal loans to both people who work for a company and those who work for themselves. There are several sources to turn to when you need a fast personal loan. Unfortunately, even these types of lenders require at least four or five business days. However, an instant personal loan is the best and fastest option if you need a loan quickly. [B-02] Conclusion Instant Loan is the fastest disbursing loan. The funds will be sent into your bank account within minutes of approval. A personal loan application can also be obtained online with a few mobile clicks. No collateral is needed, and you can apply for a personal loan at any time and from anywhere. Several banks and NBFCs provide Instant Personal Loans. Consult a professional financial firm, such as Piramal Finance, if you have any doubts. Their specialists may be able to assist you in determining how much money you need to borrow and where you can make purchases.
08-11-2023
Read More
Gold Loan

Top 10 Reasons Why a Gold Loan Is Your Best Bet for Financial Needs

India is one of the world’s biggest buyers of gold. The valuable metal can be used to acquire a loan in a cash crunch. Getting a gold loan is one of the best and fastest ways to get cash when you need it most. Even though your credit score is low, if you have a lot of gold sitting in your locker, you may be able to get a gold loan. Gold loans are becoming more common each year, so it’s crucial to understand not only what they are but also how they work, how much interest they charge, and other specifics. [B-01] What is a gold loan? Gold loans, often known as “loans against gold,” are secured loans in exchange for gold decorations, like jewelry, owned by the borrower. Lenders will typically allow you to borrow a sum that is a certain percentage of the value of the gold. After the necessary monthly payments, you will be given your gold items back. Gold loans, in contrast to other secured loans like mortgages and auto loans, have no limitations on how the money can be used. Consequently, it is a wonderful solution to fulfill your unexpected money requirement, whether for a wedding, a family trip, or your child’s college. Furthermore, several private, and national banks and NBFCs provide gold loans with low interest rates. What makes a gold loan the best choice when you need money fast? Here are a few things that set the best gold loans against gold apart: Fast approval When talking about how easy it is to get the best gold loan, the first thing to point out is how quickly you can get approved. The main reason for this is that it is one of the few ways to get credit that requires the least amount of paperwork. After filling out the application online, borrowers can upload the documents they need to send. Fast disbursal Once the gold has been evaluated, the loan amount is given to the applicant within a few hours. On the other hand, it takes at least 24 hours to process and verify other financial products before the money can be sent out. Simple criteria for eligibility Compared to other types of loans, the requirements for getting a gold loan aren’t as strict. Here, people who want to borrow money can do so without having a high credit score or making more money each month than is required. But they have to make sure they are the right age and that their gold items are of the right quality. Taking out a gold loan instead of a payday loan is a good idea because you won’t have to provide proof of income. Unlike with some secured and unsecured alternatives, borrowers don’t have to show this paperwork to get the emergency money they need. Flexible repayments The best thing about gold loans is how flexible the payments are. You don’t have to pay monthly instalments, pay back the loan based on how much money you have during the term. You can choose to only pay interest each month and pay off the loan at the end of the term. You could also pay the whole amount at the end of the payment period. Extended repayment tenure Gold loans take longer to pay back. The repayment tenure can be as long as 3–4 years. This allows you to plan your payments after you’ve taken care of the emergency. Still, paying back the loan as soon as possible is the best way to save money on interest. Low rates of interest Gold loans are usually less risky for a financial institution to give out because they are secured. Because of this, lenders offer a lower interest rate on it than they would on some unsecured loans. Whether you need the money for an emergency or not, a low-interest rate is always good. It brings down the total amount you have to pay back, making handling your debt easier. Also, it doesn’t make a person’s finances harder. Low processing costs Most banks won’t charge you anything or only a small amount to process a gold loan. Getting a gold loan is the best way to meet your financial needs because it gives you the financial flexibility you need without hurting your personal finances. No limits on the end use When talking about whether or not a gold loan is a good idea in an emergency, the fact that it can be used for anything is its most significant selling point. This means that borrowers can use these funds for various financial needs. It could be for personal costs, medical emergencies, or work-related needs. The lender will not step in to help with this. Safekeeping of gold You put your unused asset to work when you get a gold loan. It is safe in the vaults of banks and other financial institutions. It is also insured when the asset is saved with the lending institution. This means that if it is lost or stolen, you will get the total market value of your gold back. Good interest rates The interest rates on gold loans are low. Gold is reliable collateral for anyone. In India, interest rates on gold loans are usually between 12 and 14% per year, which makes them an affordable way to borrow money. [B-02] Conclusion Applicants can get a lot out of gold loans. It lets you immediately get the credit you need and use the money you raise however you want. All of the good things about it are listed above. Piramal Finance offers gold loans with low-interest rates. If you want to take a gold loan with instant disbursal, visit their website!
08-11-2023
Read More
Know More

Get Market Information and the Latest Updates on Stocks

Today’s stock market has grown quickly over the years and is one of the largest in terms of the volume of transactions. People want to invest in the stock market today. Here are some of the most important facts about the stock market. [B-01] How to get the most out of trading stocks online If you want to know what’s going on in the market and find intraday trading opportunities, you need to keep up with news and information about the stock market today. Online stock market data is updated every few seconds during trading hours, Monday through Friday, from 9:15 a.m. to 3:30 p.m. EST. With a share bazaar app, you can find things like today’s intraday stock market advice and other useful information. You can also find information about the stock market today on the BSE and NSE websites. How do you keep track of how well your stocks are doing? First, many investors think monitoring a portfolio means keeping track of gains and changes in stock prices. Even though the exchange rate is an important part of monitoring, there are many other things to consider. If an investor wants to keep their stocks for a long time, they should focus on the basics of the business, like how well it makes money, how well it runs, and how well it is managed. So before investing in the stock market today, you must clearly understand it. How do you keep an eye on your investment accounts? The key to a good stock market today is to keep an eye on how well a company does, not how much its stock price changes. The following advice may be useful for managing your stock portfolio. Read the official publications of the firm to find out what’s going on. The outcomes of the company and the industry might be impacted by a wide range of external circumstances. Businesses may be affected by political, social, and economic trends that happen on a large scale. Because of this, you must know about everything that could affect the business. Also, you should look over company communications regularly to see if anything has changed. Take a look at the business performance during the last three months. The financial results of all Indian businesses are made available to the public every three months. Usually, businesses make them accessible 45 days after the end of each fiscal quarter. Ensure you thoroughly review these numbers and know the company’s financial position; this is why today’s stock market is booming. Keep up with all the company news. Any information that could affect a company’s stock price must be shared with the stock market today. This could mean many different things, like the opening of a new building, a change in the company’s leadership, the founders buying or selling stock, and so on. The website of the stock market today has all of these updates accessible. Investors must know these company disclosures to decide whether to buy more stocks or sell the ones they already own. Be alert for changes to the way shares are allocated. Every three months, a corporation must also declare its share count. Most businesses wait until the end of each calendar quarter to make website changes. This helps them stay up-to-date with the stock market today. As a possible investor, you should look over this information carefully and compare it to how shares are held every three months. You’ll be able to see if the donations from supporters are going up or down. Find out how the business is doing with its money. A business may have a “credit score,” like people. Every year, independent groups like CRISIL, ICRA, CARE, and others look at businesses’ finances and give them ratings based on their stability. On the rating agencies’ websites based on the stock market today, you can find a summary of the company’s credit strengths and weaknesses and their opinions. Keep a close eye on the stock price. Finding a share portfolio tracker that lets you check the share price every day is not a good way to keep an eye on your stock portfolio, but you can do it if you don’t have time. Make sure you’re just watching so you don’t form opinions based more on how you feel than what the facts show. If you keep an eye on prices, you’ll know if they go up or down after an event but before you find out why. Look at the shared commitment made by the promoter. In quarterly stock market reports, the company’s promoters must say if they hold any shares as a promise. They must also provide information on how the share base is constructed. As a shareholder, you should pay close attention to the pledge amount because it is often an early warning sign of a company’s financial stability. If the promoter can’t repay the loan, the lenders will sell the shares on the open market. Everyone’s worth in the stock decreases as a result. Consequently, you should proceed with care when investing in a company whose founders have pledged stock as security. [B-02] Summing up A team of knowledgeable advisers from Piramal Finance is available to assist you at every stage of the application process. This boosts your chances of being accepted and receiving your funds soon. Piramal Finance is one of India’s top non-bank finance organizations. Piramal Finance‘s specialized staff of professionals is accessible 24 hours a day, seven days a week, to assist existing and new clients.
08-11-2023
Read More
Know More

Wellness Services: Hair Transplant, Dental Care & Weight Loss Services with a Personal Loan

Instant personal loans come as a blessing in a fast-paced life where you are bombarded with work and travel back and forth to the office and home while trying to provide yourself and your family with the best resources. Your health and wellness are often put at stake in all this. Whether it’s gaining weight, dental care, mental health, or hair loss, because working people spend their days going to work and providing for their families, these health issues are common. This often results in Baldness or hair loss Dental problems and pain Weight gain You may be aware that you have any of these problems but are avoiding them or going through them. The reason? Because that is not currently part of your expenses, or you cannot afford to spend a large portion of your income on weight loss treatment or resolving dental pain or problems. But by avoiding it, you are only inviting bigger problems and bigger expenses onto your plate. That’s why there are instant personal loans for wellness services like these which you can easily apply for, get your treatment done, and pay it back in small parts every month, instead of having to pay it in a big amount, all at once. [B-01] Why is health and wellness treatment important for you? You would agree that your health is your biggest weapon in today’s world. When you ignore health problems like hair loss, which is often a symptom of too much stress and anxiety. Or obesity, which can lead to serious health issues such as heart disease or an increase in cholesterol levels. So get treatment as soon as possible to keep yourself safe from bigger health problems. And for that, a very smart choice is “instant personal loans”. These loans take care of all your treatment expenses at once and let you pay in parts as you like. What are personal loans? Personal loans, or instant personal loans are loans that do not need collateral for approval. You need to show a few documents, and you are approved if you pass their approval criteria. The process is short, simple, and quick. Following are some of the places that provide instant personal loans: NBFCs Banks Lending platforms / peer-to-peer lending platforms These platforms can provide you with instant personal loans in a few minutes. You can receive the money in your account in a couple of days. But instant personal loans are the best option to get your hair transplant, dental care, and weight loss treatment without arranging a huge amount of money. Through these instant loans, an individual can receive a loan amount ranging from Rs. 5,000 to Rs. 5 lakh. Process of applying for personal loans for wellness services Step 1: Choose a lender from whom you want to get the personal loan (this can be any app or platform). Step 2: Register yourself on the platform or app. Step 3: Select the amount and duration of the loan. Step 4: Upload the required documents digitally. Step 5: Check your instant loan status online Who is eligible for these loans? Everyone is eligible for personal loans in most scenarios, even without a credit history or guarantor. An Indian citizen and a registered company’s salaried employee. Anyone between 23 years to 58 years of age. Documents required for instant personal loans The documents you will need to apply for a personal loan online are: Identification proof: You must present an Aadhar card, Pan card, driver’s license, or passport. Address proof: You’ll need utility invoices, such as those for power, water, or phone service, or your passport as your address verification. Photographic evidence: a photo of you as photographic evidence. Your most recent pay receipts from your employer must be submitted. Financial statements: You must present the bank statements showing how your salary was credited. Benefits of instant personal loans for hair transplant, dental care & weight loss services Easy & flexible returns With instant loans, you can choose the amount and duration of loans, and start paying back as you want, as per your convenience of amount. Returns are easy and flexible with small monthly amounts. Affordable wellness treatment Instant personal loans are like a friend in need, to whom you don’t have to give collateral to lend money, whether for your wellness treatment or any other medical or family emergency. Instant personal loans are affordable because you can choose how you want to pay them back and the amount to pay back monthly, once the EMI starts. In-budget treatment When you are going for treatment, there is nothing better than having an amount available within a few minutes to get the best and most affordable treatment possible when you need it. Conclusion This blog contains all the information you will need before applying for an instant personal loan for wellness services like weight loss, dental care, hair transplants, and other medical and family emergencies. Don’t let your unavailability of funds at the time of treatments become a rock in your efforts to lead a smart and healthy life. Piramal Finance is an Indian financial services company that provides personal loans, business loans, housing loans, and other financial products for you with a very simple process. Visit our website today for a quick and easy instant personal loan application process. [B-02] FAQs What is the procedure for getting an instant loan?If you are approved, the lender will usually respond within minutes and put funds into your bank account. However, even if you are authorized, it may take a business day or two, or even longer, to get the funds. What are the criteria for an immediate loan? Instant loans are often not subject to a credit check. You must, however, give personal details, be at least 18 years old with proof of identity, provide evidence of income (e.g., a pay slip), and have a bank account.
08-11-2023
Read More
Know More

What is Cryptocurrencies and How it Works: All You Need to Know About It

All of us have heard of cryptocurrency by this point, but the majority still don’t fully understand what it is. Whether you came across cryptocurrency on social media or in the news, you should learn about the innovation that people are urging you to buy. So it’s important to spend some time learning about cryptocurrencies. [B-01] What is Cryptocurrency? A cryptocurrency is a form of money that is entirely digital. It is used to make purchases and sales, but rather than taking the shape of a real note or coin, companies keep it in a virtual wallet and conduct their transactions online. What makes cryptocurrency special is something known as blockchain technology. In reality, it just means that it is centered on a very complicated online platform that is spread all over a lot of computers. This makes it very hard to fake or double-spend. It also means that it is not controlled by governments or central authorities. This means that the people who use these currencies are the only ones who can keep them up and decide how much they are worth. How Does it Work? Cryptocurrencies are not regulated by the government or any other central body. Cryptocurrency works beyond the banking system. It uses various brands or different kinds of coins, with Bitcoin being the biggest one. Mining “Mining” is the process by which completely digital cryptocurrency is made. This is a hard thing to do. In a nutshell, miners need to fix specific math puzzles on specially set-up computers to get bitcoins in return. One bitcoin would be mined in a perfect world in just ten minutes, but in the real world, it takes about thirty days. Selling, Buying and Storing Users can buy and sell cryptocurrencies through central trades, brokers, and people who own their currency. The most convenient way to buy cryptocurrencies is through an exchange or platform like Coinbase. Cryptocurrencies can be kept in digital wallets once they have been bought. There are “hot” and “cold” digital wallets. When a wallet is “hot,” it means it is synced with the web. That also makes it easy to make transactions but leaves it open to theft and fraud. Cold storage is safer, but it makes it more difficult to do business. Investment or Trading The transfer of cryptocurrencies like Bitcoin between digital wallets is simple and requires only a smartphone. Once you have them, you have the option to: Spend them on products or services sell them. Sell them for cash. The simplest way to make purchases with Bitcoin is through debit-card-style transactions. These debit cards also permit cash withdrawals, much like ATMs. Using accounts online or peer-to-peer exchanges are other options for turning cryptocurrency into cash. Different Types of Cryptocurrencies There are currently so many cryptocurrencies, and the number is expected to reach 10,000 in 2022. Some of the most important cryptocurrencies are: Bitcoin Bitcoin is the first cryptocurrency that is widely used around the world. Bitcoin is so common that its name used to mean “cryptocurrency” for a while. But people who want to invest should know that bitcoins are now very expensive. In 2021, it will cost $68,000 for one bitcoin. But the great news is that you don’t just have to purchase a whole coin; you can purchase smaller parts of it. Altcoin An altcoin is a name for any digital currency that is different from bitcoin. Ethereum, which is one of the cryptocurrencies with the fastest growth, is the most famous in this ecosystem. There are also several other altcoins on the market today, such as Shiba Inu, Terra and Luckyblock. Crypto Tokens Many people don’t understand the difference between crypto coins and tokens. From the outside, coins and tokens look the same. But the two are not the same in many ways. You can mine for coins, but you can’t mine for tokens. Tokens are not connected to blockchains, but coins are. In terms of how useful they are, they are different in the kinds of goods and services they let people buy. Advantages of Cryptocurrencies: There are many advantages to cryptocurrencies. These are the following: They are private and safe. The blockchain feature that makes cryptocurrencies work makes sure that users’ identities are kept secret. Cryptography, which we’ve talked about before, also provides high levels of security. They are decentralized, can’t be changed, and are open to everyone. The whole system is based on joint ownership, in which data is accessible to all members with permission and can’t be changed. They are a way to protect against inflation. When inflation is high, cryptocurrency is a great investment. Investors often say that cryptocurrency is like gold. One reason for this is that there are only so many of them, just like gold. This is due to a limit on how much of a certain type of cryptocurrency can be mined. [B-02] Conclusion Cryptocurrencies may or may not be the way of the future, but one thing is certain: It is not preferable to invest in them before doing some research. It’s not a recent trend for people to invest in cryptocurrencies. But the recent increase in the popularity and value of cryptocurrencies, along with lower returns on deposit accounts, has led more people to look for advice about cryptocurrencies. If you have chosen to invest in cryptocurrencies, start with the most popular ones like bitcoin because newer ones might not have enough cash flow. Scammers abound in the marketplace. So it’s important, especially when starting, to buy or trade cryptocurrency through authorized platforms. Starting small and diversifying your investments is advised because cryptocurrencies are also very volatile. It’s beneficial if, as a beginner, you initially follow the advice of experts and gradually develop your knowledge by researching the subject. Understanding the past and present cryptocurrency policies of your nation is also crucial for the success of this type of research. As always, never risk more money than you can bear to lose. For similar blogs like this, you can visit the Piramal Finance website and explore their products and services.
08-11-2023
Read More