A slump sale is a term used in business to refer to the sale of an entire business unit or division as a going concern, rather than selling individual assets. In other words, in a slump sale, the buyer purchases the entire business or division as a whole, including its liabilities, assets, employees, contracts, and all other business operations.… Read more
What is Trial Balance?
Tags: Finance
Trial balance is a financial statement that lists all of the general ledger accounts and their balances at a specific point in time. The purpose of the trial balance is to ensure that the total debits equal the total credits, which is a fundamental principle of double-entry accounting.… Read more
Joint Home Loans in India: How to Optimize Tax Benefits and Save Money!
Tags: Tax Guide
If you have taken a joint home loan in India, here are some tips to save taxes:… Read more
Why the Notice of Intimation Matters: Securing Your Home Loan Investment!
Tags: Loan Guide
Purchasing a home is a significant milestone in one’s life, and for most people, it requires securing a home loan. When you take out a home loan, there are several documents and processes involved. One crucial document that borrowers should be aware of is the “Notice of Intimation for Home Loan.” In this blog post, we will explore what this notice entails, why it is important, and how it impacts your home loan journey.… Read more
Understanding Mortgages: A Comprehensive Overview!
Tags: Loan
A mortgage is a type of loan that is used to finance the purchase of a property, typically real estate. It is a legal agreement between a borrower (the individual or entity buying the property) and a lender (often a bank or financial institution). The borrower receives a certain amount of money from the lender, which is typically a percentage of the property’s purchase price, and in return, the borrower agrees to repay the loan over a specified period of time, usually in regular installments, with interest.… Read more
Unlocking Per Capita Income: A Guide to Assessing Standard of Living
Tags: Lifestyle
Per capita income refers to the average income earned per person in a particular region or country. It is calculated by dividing the total income of a population by the number of individuals in that population. Per capita income is often used as an indicator of the economic well-being and standard of living of a population.… Read more
Is it possible to receive a business loan to operate a shop in a rented space?
Tags: Loan Guide
Can you acquire a business loan if you want to operate your company in a rented space? The answer is a loud ‘yes,’ because the likelihood of securing the loan depends on various variables other than whether or not you own your premises. Nowadays, you can quickly apply for loans online and submit all of your paperwork, which results in quick approvals and administration.… Read more
Will the RBI raise the repo rate in April 2023?
Tags: Loan Guide
The Reserve Bank of India (RBI) may raise its benchmark lending rate again in April 2023, after inflation stayed much over its acceptable limit in February 2023. The next fiscal policy meeting of the RBI MPC is set for April 6, 2023.… Read more
For Freelancing Professionals: A Guide To Home Loans!
Tags: Loan GuideRealty Guide
and others are paid weeks later. In these conditions, it is difficult for them to obtain a house loan. Because they are not linked to any employment or have a consistent income, freelancing workers are frequently rejected a house loan, causing them to postpone or reconsider their home-buying choice. Due to the lack of a consistent income, perks, and other benefits that come with a 9 to 5 work, freelancing professionals may struggle to pay off their house loans on schedule.… Read more
Mortgages on Real Estate: Everything You Need to Know!
Tags: Loan Guide
Financial emergencies can strike at any time. To pay financial obligations, most people consider redeeming their investments or obtaining an unsecured loan. Although taking out a loan is a preferable alternative, determining the correct form of loan can be difficult. Furthermore, NBFCs and banks continue to educate individuals on how to apply for unsecured loans and to assist customers; they provide a simple and rapid application procedure. This is why most people do not consider options such as mortgage loans.… Read more
