Everything To Know About Key Fact Statement (KFS)
A Key Fact Statement (KFS) is a mandatory document provided by lenders that outlines loan details like the amount, interest rate, charges, and terms in a simple, transparent format. It helps borrowers make informed decisions, compare offers, and ensures fair practices by safeguarding against hidden costs.
Electric Vehicles Or Internal Combustion Vehicles: Which One Is Better And Why?
Electric vehicles, using electric motors and batteries, offer eco-friendly, low-maintenance options, while ICE vehicles provide versatility, budget options, and convenience with established infrastructure.
All You Need To Know About KYC
KYC (Know Your Customer) is important for secure financial transactions in India, verifying identities and preventing fraud. Required by RBI and other regulators, KYC involves submitting identification documents for online or offline verification, building trust and ensuring compliance in the financial sector.
Top Things To Remember When Buying A Used Car
Buying a car is in itself an achievement, irrespective of whether it is a used one or a new one. But, if the budget is tight, choosing the former is always a sensible option. Just ensure to check its condition, the necessary and relevant documentation, its records, and the features it offers.
What Is Auto Electrification And How It Works?
The main goal of vehicle electrification is to swap out the internal combustion engine (ICE) for an electric powertrain. It helps to reduce greenhouse gas emissions and air pollution, furthering greener transportation.
Pros And Cons Of Leasing vs Buying Commercial Vehicles For Your Business
Whether to buy or lease a commercial vehicle – this is the biggest question that business owners face. While both options may seem confusing, especially for small businesses, they come with their own set of advantages and disadvantages. Understanding these pros and cons and making an informed financial decision will not only benefit a business financially but also boost its productivity and profitability in the long run.
Cost-Effective Ways To Maintain And Extend The Life Of Farm Equipment
Be it the tractor, the plough, or even the sprayer used to protect crops from pests, every type of equipment used on the farm needs proper maintenance. The costs could rise significantly if one doesn’t know the best ways to maintain such equipment. However, proper upkeep can offer farmers substantial benefits and cost savings.
Know The Difference Between Home Loans And Loans Against Property
Investing in real estate is one of the most effective ways of maintaining a stable financial portfolio. However, financing property-related needs is a mammoth task in itself. When it comes to financing your property-related needs, there are two common options: home loans and loans against property (LAP). It’s quite easy to get confused between the […]
Impact Of GST On Vehicle Loans In India
The introduction of the Goods and Service Tax (GST) on the 1st of July, 2017, marked a significant turn in the financial sector of India, ultimately revamping the existing tax structure. Many industries, including the automobile industry, experienced noticeable changes under GST, particularly in the context of vehicle loans. Before the introduction of GST, different […]
Understanding The Difference Between BSIV And BSVI
The government has played an increasingly active role in the effort to lower rising pollution levels. Stricter regulations have made a significant impact which is why the newer versions keep on coming. With all these upgrades coming in, it is necessary to have your vehicles insured in the event of an accident, as expenses for repairs could go beyond budgets. Top lending institutions like IndoStar Capital Finance now provide complimentary insurance offerings such as vehicle insurance, accidental damage and life cover along with vehicle loans.
