Ways to access funds in recent times has improved dramatically, which increasesthe spending needs amongst us. These factors have enabled us to borrow at will and in this process we get stuck with the process of repaying it. In the recent times, the average level of household debt has increased unmatched with the rising income levels. The recent data of RBI shows that personal loans have increased from around 20% of total credit in 2010 to 21% in 2016 to […]
What is debt refinancing and how will it help in reducing your EMI?
Nowadays, one of the most frequent query which we face from our clients is, how can I restructure my debts, what are the different ways to reduce my monthly loan commitments, Currently my loan interest is on a higher side how can I reduce it etc. Actually, the answer for all these questions is the same – debt refinancing. But, what is debt refinancing? The “refinancing” is a term which most of us Indians are less familiar with. […]