What is Own Contribution (OCR) in Home Loan?

OCR

What is Own Contribution (OCR) in Home Loan? The builder or the reseller issues you a receipt on receiving your initial payment, which refers to as an Own Contribution Receipt (OCR). One may also term this receipt as a Margin…

Secured working capital

working_capital

What is working capital? Working capital is not a term that we use in our day-to-day conversations but it is a very important term used to run each and every business. It is the cash flow available with the company…

4 ways to boost your CIBIL score for faster credit approvals

CIBIL_Score

Introduction CIBIL is a leading Credit Bureau in India that generates individual credit score reports. A CIBIL score is a reflection of an individual’s credit history. Lenders look at the borrower’s credit score or CIBIL score to evaluate whether to give them a loan…

The new rules for the customers of credit and debit cards

Credit_Card_Rules

The increasing number of credit and debit cards in India clearly indicates the popularity of the product as a convenience product. Cards are simple to use and are widely accepted in offline and online business channels. But unfortunately, the rising…

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