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Showing posts from May, 2022

Best Credit Cards in Dubai for Everyday Use

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Looking for the best credit cards in Dubai that offer not just reliable credit lines but also top-notch benefits and perks? Do note that there are numerous financial institutions that offer credit card services throughout the UAE. Each of these institutions has its own version for everyday usage.  In this post, you’ll learn about the best credit cards in Dubai, including their offers and eligibility. However, before we get into the details of the best credit cards in Dubai, let’s first understand what a credit card is, what are its general usage and the criteria for application in Dubai. And at the end, we’ll also look at how to find out which credit card in Dubai is best for you. What is a credit card Credit cards are a type of loan that you can use to purchase goods and services. This purchase is an installment loan that you repay in installments with your secured source of income over time or in one go. The credit card issuer gives you a line of credit or an amount limit up t

Looking for a Loan? Try Accurate Loan Calculator to Know Interests and Charges Beforehand

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  Anyone who has ever borrowed money knows that it can be tricky. How do you know what's right for you with many different loan types, rates, and terms? That's where online loan calculators come in handy.   Whether you're looking for a house or auto loan or just deciding on a small personal loan to replace your broken washer or upgrade your cell phone, there is an online loan calculator available for almost any need. However, before you go and apply for a loan from a bank or other financial institution, it might be best to first understand what they will charge you and compare them against other options first.   There are many different loan calculators available out there. They each have unique features that can help you figure out how much your monthly payment will be and interest rates based on your credit history and other factors.   In this article, we'll explore some of the more common features of these calculators and give you tips on how to utilize them

How is a Digital Personal Loan Aligned with the Value System of Millenials?

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Millennials believe in the idea: "You only live once". Therefore, they aim to make the most out of life by living it to the fullest. This is evident in their lifestyle and spending habits. They believe they deserve the best, and when their paychecks aren't sufficient to support their lifestyle, they proactively turn to other alternatives like borrowing.   No wonder, in October 2021, more than 80% of millennials were found interested in applying for personal loans in the near future. Moreover, the launch of digital loans has improved the borrowing experience of millennials tenfold. Here are the ways how these loans align with the value system of millennials.   Millennials are Tech-Savvy   From ordering food to booking movie tickets, millennials prefer to do everything online. The same goes for applying for a personal loan. Therefore, millennials find digital personal loans the most easy-to-access credit products. To apply for a loan , they need to download a reputed finte

What is a Grace Period in Personal Loan? What are the Benefits?

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  An instant personal loan is offered to salaried millennials like you. Only the best FinTech company provides funds ranging from ₹15,000 to ₹4,00,000 with a repayment tenure of up to 1.5 years. You can choose from different loan terms like 90, 180, 270, 360, and 540 days as per your financial capabilities. A grace period here is useful. It lets you delay the  personal loan  EMI payment for a few days.   Moreover, you can arrange for the funds without penalties if you cannot clear the same on the stipulated due date. This is especially beneficial in times of cash crunch, emergency at home or simple forgetfulness. Here’s how it works.   What is a Grace Period?   This length of time stretches beyond the due date of the EMI.  Get a loan online   with a company that allows at least a 5-day interest-free grace period at the end of every month. This means no interest will be compounded daily, and zero late fees are charged. Neither will the user’s profile be tagged as negative on the loan pl

Digital Banks Brings You Closer To Easily Managing Your Finance

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  With the advent of digital banks, banking has been revolutionised. Operations of accounts has become easy and seamless, making transactions easy to complete. The National Bank of Kuwait, has launched a digital bank called Weyay. Initially, this digital bank has begun targeting the young. They offer no paperwork banking services completely digitally. It is not necessary to visit the bank at all. From the opening of the account to its continued operation, it's all digital.   What does this mean? It means that your account details are at your fingertips. This helps in knowing your financial position at any point in time and from anywhere in the world. This is a tremendous advantage as you can plan your expenses in real-time. If you are travelling, then your account position can show you how much more you can spend. This can save you from making expenses which afterwards you may regret. The NBK bank offers these facilities via its digital banking system.   Buying online is the p