HDB Financial Services

We know that working on a household budget isn’t exactly your idea of spending a romantic evening but it is one of the keys to a happy and peaceful married life. Paying off the credit card bill every month on or before the due date wasn’t a part of your marriage vows but it can surely strengthen your relationship in more than one way. Partners who ignore or avoid discussing financial matters with each other often find their financial life in disarray. It is important to educate each other about things like personal loan interest rates , tax rebates, new savings instruments in the market etc. to maintain the financial health of the family. There should be enough clarity on who is supposed to do what. For example, paying the monthly electricity bill, keeping tabs on the bank debits and credits or paying health insurance premiums etc. Involvement of both partners in financial matters Most financial experts agree about the fact that both partners should be completely clued on to the fi

If you already didn’t know this and you are about to apply for a home loan or a credit card, make sure your Credit score is available. Do not treat your Credit report as just another document needed to process your loan. It is a three digit passport to smoothen the loan process and aid you in settling down in your dream home or buying a vehicle of your choice. Now that you know that your personal loan eligibility is dependent on the three magic numbers credit agencies like CIBIL, Equifax or Experian, would you want to know how to remain in the green zone? Here is a brief on how your credit score could work for you: What are the components of your credit score? Your credit score ranges between 300 to 900 and your credit history is activated as soon as you avail a home loan or personal loan from a bank or financial institution. This implies that your credit handling behaviour will now be tracked and it will result in creating a final score that we all know as a “Credit Score”. Vario