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Investing in mutual funds is one of the popular ways to grow your wealth. While mutual funds give great returns, they come with inherent risks. Thus, before investing in any type of mutual fund, it is important to set your financial goals, study the market and weigh the pros & cons of each mutual fund. […]
EMI (Equated Monthly Installment) is a fixed amount you pay every month to repay your loan. It has two parts: interest and principal. The principal is the original loan amount you borrowed.The interest is the fee charged by the lender for giving you the loan. At the beginning of the loan term, a bigger share […]
A personal loan is a vital financial tool, but unforeseen financial difficulties—such as job loss, medical emergencies, or a business setback—can make repayment a significant burden. When a borrower is unable to meet their repayment obligations to the full extent, they may need to seek a formal arrangement with the lender to close the loan […]