RIYADH: Central banks in the Gulf and the UK raised interest rates, while economic growth in New Zealand resurfaced. The United States has seen changing levels of unemployment.

Gulf Interest Rates

Gulf central banks on Wednesday raised key interest rates by a quarter of a percentage point in line with the US Federal Reserve as it entered a cycle of monetary tightening in a new aggressive stance against rising inflation .

The six Arab countries of the Gulf Cooperation Council generally follow the Fed’s lead on interest rates, as their currencies are pegged to the US dollar, with the exception of Kuwait, which is pegged to a basket of currencies including the dollar.

“If Gulf policymakers did not allow interest rates to follow those of the United States, capital would flow out of their economies and this would put downward pressure on their currencies,” wrote James Swanston, economist for the Middle East and North Africa at Capital Economics. in a research note.

The Saudi Central Bank – also known as SAMA – raised its repo and reverse repo rates by 25 basis points each to 1.25% and 0.75%, respectively.

“The policy rate adjustments are consistent with SAMA’s objectives of maintaining monetary stability and supporting financial sector stability amid changing domestic and international monetary conditions,” the Central Bank of Saudi Arabia said in a statement.

The Central Bank of the United Arab Emirates raised its base rate, which applies to its overnight deposit facility, by 25 basis points to 0.4%. The CBUAE maintained the rate of borrowing short-term cash from it through all standing credit facilities at 50 basis points above the base rate.

UK interest rates

The Bank of England raised interest rates on Thursday in a bid to prevent rapid inflation from taking hold, but with households hit hard by soaring energy bills, it softened its language on the need for further increases.

Eight of the nine members of the Monetary Policy Committee voted to raise the Bank Rate to 0.75% from 0.5%, their third hike in as many meetings and returning rates to pre-pandemic levels.

The BoE said inflation is expected to hit around 8% in April – almost a percentage point higher than expected last month and four times its 2% target – and warned it could peak even later. during this year.

Soaring energy bills, even higher due to the conflict in Ukraine, means the squeeze on UK household budgets is likely to be much bigger than what the BoE predicted last month – which itself was expected to be the biggest. for 30 years.

Reflecting those concerns about the growth outlook, policymakers on Thursday pushed back on investors’ bets that the bank rate would rise sharply to around 2% by the end of this year, toning down its language on the need for further hikes. .

“The Committee judged that further modest tightening may be appropriate in the coming months, but there were risks on both sides of that judgment depending on how the medium-term outlook changes,” the BoE said.

Last month, the MPC said further modest tightening “is likely to be appropriate.”

Unemployment in the United States rolls

Last week’s claims data covered the period the government surveyed business establishments for the non-farm payrolls component of the March jobs report. Claims dropped significantly between the February and March survey periods.

The economy created 678,000 jobs in February. Employment growth was helped by the return of some workers to the labor market amid a significant drop in COVID-19 infections.

The claims report also showed the number of people receiving benefits after an initial week of help fell by 71,000 to 1.419 million in the week ended March 5. This was the lowest level for these so-called continuing claims since February 1970.

While permits for future home construction fell 1.9% to a rate of 1.859 million units, they weren’t too far off the nearly 16-year high reached in January. This suggests that an acute housing shortage will continue to support residential construction even if mortgage rates rise.

New Zealand GDP

New Zealand’s gross domestic product returned to growth in the final quarter of 2021 as the economy emerged from COVID-19 lockdowns, and economists said the data confirmed expectations that the central bank would expand further interest rates.

Production based on output rose 3.0% in the quarter, Stats NZ reported on Thursday. That was slightly below economists’ median expectations of a 3.2% rise and a sharp turnaround from a revised 3.6% drop in the September quarter, when shutdowns dampened the activity.

The Reserve Bank of New Zealand last month forecast growth of 2.3% for the December quarter.

“The fourth quarter GDP data reflects a robust, albeit very stimulated, economy,” ANZ economists said in a report.

Although there were a number of uncertainties over the outlook, the main concern was rising inflation in New Zealand which would force the RBNZ to tighten policy further, they added.

Annual GDP rose 3.1%, slightly below a Reuters poll forecast for a 3.3% rise.

The RBNZ has already raised interest rates three times since October.

“Given that the rebound in activity in the fourth quarter exceeded RBNZ expectations, today’s data will keep the Bank on its way,” Ben Udy, an economist at Capital Economics, said in a statement. a rating.

study at IIT Roorkee and pursuing her bachelor’s and master’s degrees in technology at a time when women weren’t allowed to dream of a life beyond domestic life At Poshak Agrawal mother the greatest inspiration he could have asked for in his life.

His mother’s daring educational feat opened his eyes to gender inequality from an early age, and he understood how women behaved differently, even in the day-to-day aspects of their lives.

One such incident that cemented Poshak’s understanding of how a woman negotiates the world around her was when he once observed the women’s compartment in the subway. He realized that the need for a women’s compartment had arisen because “women in India don’t have a lot of safe space just to be”. And it existed everywhere, not just when it came to travel.

Poshak juxtaposed his inference from his observation of the subway to the institution of finance and financial services, and came to the conclusion that women felt alienated from the system because money was inherently the domain of men. He decided to do something about it.

While still thinking about how he could make women’s finances easier, he met Rahul Subramaniam at a bike stand at Princeton University, and the two immediately hit it off.

Rahul, at the time, had closely followed what was happening in India vis-à-vis the digital revolution, as well as the feminist waves where traditional, cultural and gender barriers were broken down, and knew he wanted play a role in it.

Upon their return to India, the idea took a bit of a back seat as the duo focused their efforts on helping Indian students get into the best colleges in the world through their startup, Athena Education. But after demonetization brought fintech startups to the fore, they decided to finally combine their passion for gender equality with finance, and installation Inasmuch asFlorence CapitalInasmuch as in 2017.

Florence Capital, based in Gurugram is basically a lending platform that caters only to women, in partnership with Apollo Finvest India Ltd, an NBFC. He helps women get loans easily and makes Florence a “safe space” for women to explore loans and other financial services.

The founders call what they do “ethical loan” because they are transparent, credible and direct when undertaking loan applications. Not only do they work with loan applicants to assess their credit needs, but they also outline how repayments — or lack thereof — would affect their credit scores. Florence helps women to understand what loans would be right for them so that they don’t borrow more than they should and see their creditworthiness drop.

“There are so many strong, hardworking women who struggle every day to improve the quality of their lives, but they lack the financial means and resources to pursue their dreams and live the life they want to live. This is the problem that gave birth to Florence Capital. We want to give women the safe space that they have always been denied (in finance),” Poshak said. Your story.

Most Florence Capital users come from urban areas, Tier 1 and Tier 2, and generally borrow money to medical expenses, household expenses, education and development. As much as 50 percent are either new credit or have a very thin credit profile, while 50% have a thick credit history, Rahul says, adding that the startup will also expand to Tier 2 and Tier 3 cities.

woman centered

One feature that sets Florence Capital apart from many others is its collection team, who fully includes women.

Credit Collection Agencies primarily employ men who intimidate, threaten and even use brute force to collect loans, as seen in several loan applications that have been flagged by the government over the years. For women, sexual violence is often the POS of most abusers, whose fear, again, prevents women from seeking and accessing credit.

Florence Capital employs only women in its debt collection team, and operates on empathy to understand why a borrower has been unable to repay their loan, instead of resorting to threatening calls and visits.

Financial education and literacy, especially for women, is another area where Florence Capital stands out. His Florence Learn platform is not only a learning platform where women can arm themselves with financial knowledge, but also a safe space where women can interact with each other, learn from each other and even discuss related issues to money.

Florence Capital users also have the ability to access individual financial advice that can help them better understand their own financial situation, as well as plan the line of credit they wish to avail themselves of.

To date, the startup has enabled over 1,300 women to access loans and disbursed Rs 4 crore in total loans.

He raised a pre-series A round investors such as Mike Novogratz, CEO of Galaxy Investment Group; Amit Singhal, founder of the Sitare Foundation; Steve Kreider and Zach Kreider of Harrow Capital; and Rishi Jaitly, founding CEO of Times Bridge; and tries to go around the bridge further.

Florence Capital was generating revenue from day one, he said, adding that he hopes to lift a Series A round very soon.

The startup, like any other lending institution, derives its money from interest it charges its customers, along with the 2-3% processing fee. Interest rates vary between 18 and 30%, he added.

Florence Capital’s competitors include female-focused lending and financial services apps such as Inasmuch asBasedInasmuch as, Inasmuch asLXMEInasmuch asfemwealth and Inasmuch asSALTInasmuch asalthough it competes with NBCFs which also aim to make lending to women faster and easier.

With the global pandemic having destroyed the livelihoods of many, women are finding it harder to rebuild, especially without funds when they need them. A solution like Florence Capital can help meet these needs.

What a credit rating downgrade does is that it leads to the denial of future credits or the imposition of interest rates that are much higher than market rates. So what can a customer do in such a situation? We explain the options that are available to rectify the credit score.

How can one get their credit score fixed?

A customer can check their credit score and whether a loan (which has not been taken out) is outstanding through reports provided by the respective credit bureaus. These reports can be obtained by connecting to CIBIL, Equifax or Experian, or via net banking.

Experts say that the easiest way to fix the credit rating would be through an institutional process initiated by the Reserve Bank of India (RBI). Data subjects can also approach the information provider and offices directly, although this is usually a cumbersome process.

“This rectification process should be case specific…if a CIBIL score has been misrepresented, the client should contact the specific institution where their security was compromised. The lender, who is also the information provider, will need to approach CIBIL to regularize the client’s rating. In addition, aggrieved parties will also have to contact CIBIL and initiate a dispute request, either online or by writing to them,” said Surya Bhatia, certified financial planner.

A simpler way suggested by financial experts is to ask the RBI to step in and provide relief to aggrieved customers as many people have been affected recently.

“The easiest and most transparent way is for credit institutions to correct them with credit bureaus. As thousands of customers have been affected by such scams, the RBI may order specific institutions to put in place a process to address this issue,” said Srinath Sridharan, Business Advisor and Independent Markets Commentator.

“If individuals have to do this, it will be a painful process and they will have to provide a lot of documentation. The ombudsman can also be approached if one does not receive a satisfactory response from the lender. The burden of proving this should be on the institution, not the individual,” he added. If the issue is still unresolved, customers should contact the RBI through its mediation program.

Where to go if the problem is still not solved?

The Reserve Bank of India has launched the Integrated Ombudsman Scheme which provides solutions to customer complaints such as deficient service from banks, NBFCs and payment system operators.

The program enables nearly 44 crore loan accounts and 220 crore deposit accounts to file any grievance with the RBI through an online portal. It offers a single interface for customers to file complaints, submit documents and track the status of their issues.

A centralized reception and processing center has been set up at RBI Chandigarh for the reception and initial handling of physical and email complaints in all languages. The scheme integrated RBI’s three existing ombudsman schemes – the Banking Ombudsman Scheme, 2006, the Non-Banking Financial Companies Ombudsman Scheme, 2018 and the Digital Transactions Ombudsman Scheme, 2019.

How do I file a complaint with the Ombudsman?

Since loan providers are mainly banks, NBFCs or payment service providers, most complaints will be covered by this scheme. Here’s how to contact the ombudsman:

• Complaints can be filed online at https://cms.rbi.org.in.
• Complaints can also be lodged through the dedicated email at [email protected] or sent in physical mode to the Centralized Receipt and Processing Center (CRPC) set up at the Reserve Bank of India, 4th Floor, Sector 17, Chandigarh – 160017.
• A contact center with a toll-free number (14448) manned by RBI staff members operates to provide assistance to customers in filing complaints and providing information. This center operates from 9:30 a.m. to 5:15 p.m. and is available in Hindi, English and eight regional languages.

Electronic and physical complaints received at the CRPC are recorded on the CMS (Complaints Management System) by the staff after obtaining additional information, if necessary, from the client.

Has India seen an increase in such complaints?

The RBI witnessed a 22.27% increase in the volume of complaints under various mediation schemes between April 2020 and March 2021. Complaints related to ATMs and debit cards, banking mobile phones and credit cards represent the bulk: 42.74% of the total number of complaints. against 44.65% the previous year. There were 60,203 complaints about ATMs and debit cards, and 40,721 about credit cards.

The volume of claims amounted to 4,04,143 over the period at an annualized rate. Chandigarh, Kanpur and Delhi received the maximum number of complaints, according to the latest data from RBI.

The number of complaints received against NBFCs and digital transactions stood at 8.89% and 0.98%, respectively. The overall kill rate improved to 96.59% from 92.52% in 2021, despite higher volume. This was achieved through the end-to-end digitization of the complaints handling flow in the CMS.

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Tribal loans primarily offer financial assistance to Indian or Native American tribal communities who cannot avail of the available payday loans. Tribal moneylenders issue them to people who need money to meet immediate needs.

If you are a borrower without a stable income or with a high credit rating, you can apply for these loans from tribal providers. You can borrow a substantial sum of money, which is repayable in the short term.

Features of Tribal Installment Loans

1. They are valid for a limited time

Unlike payday loans which require a lump sum repayment, tribal loans are repaid in installments. This means that you can stay longer without refunding the full amount since the period is extended.

However, they still cannot be compared with other installment loans from the bank since the repayment period stretches over many years.

The financial solutions offered by tribal payday loans are short term and must be cleared within a year. The only difference with common payday loans is that you can repay in installments instead of returning the entire amount in one lump sum after receiving your next salary.

2. Easy online application

Despite the name attached to these loans, borrowers do not have to be from the tribal community to qualify for the loans. However, most of the creditors listed on lending platforms offering this type of loan are tribal.

They offer you fast services during application, and customs clearance is just as fast. Once you complete your application, you get approved for the tribal loan and the money appears in your account the same day or one day later. The waiting period depends on the policies of the lender.

3. Higher interest rates

Due to their strict regulations, tribal loans attract higher premiums than regular payday loans. Based on Consumer Financial Protection Bureau reports, payday lenders charge fees of up to $15 for a $100 loan, and tribal lenders may charge a fee slightly above that amount.

Using these ratios, a two-week payday loan can earn up to 400% interest on the principal amount.

Tribal loans have comparatively higher premiums and interest rates.

Heartpaydays.com is one of the popular online lending platforms with a list of tribal loans whose APR rates range from 5.99% to 35.99%.

4. They are for small loan limits

Although you can get higher loan limits from tribal creditors, most people prefer to take out small loans to finance immediate needs such as medical care, car maintenance, groceries, etc.

You can settle most of these problems with $1,000 or less, an amount that is readily available from tribal creditors upon approval of the application. You can also apply for $500 Tribal Installment Loans depending on the extent of your financial emergency.

Tribal Installment Loan Costs

• APR: Most tribal lenders charge fees of up to $15 for every $100 you borrow. These fees can be up to $30, depending on state regulations, lender policies, or the amount you borrowed..

If your loan repayment term lasts two weeks, the total APR reaches up to 400%. However, tribal installment loans attract an annual percentage rate of between 200% and 400%, which makes them less favorable than payday loans.

• Late repayment fees: The creditor may penalize you for late or late repayments if you do not pay your due dates over the agreed period.

Tribal loans can cause more financial problems if you don’t repay your installments on time. You can avoid these problems if you repay the agreed amount on time. Although debtors are unlikely to be jailed for failing to repay loans, you can be summoned to court for this issue if your creditor brings charges against you.

How do I apply for Tribal Loans for Bad Credit Loans?

Step 1: Decide how much you need

The first step when applying for a tribal loan is to determine the amount you need. Most lending platforms offering tribal loans have a borrowing limit of up to $5,000, and you can get it depending on your eligibility. To avoid unnecessary financial burdens when repaying the loan, it is advisable to borrow according to your immediate needs.

Step 2: Complete the application

Then complete the application. Online lending platforms have varying requirements regarding the details you need to provide.

The application form aims to collect information about the amount of money you need, the preferred repayment term, etc. This leads to the approval process as the database determines your loan eligibility and the corresponding lender.

Step 3: Wait for feedback

The third step is to wait for the response. Most tribal loan platforms like heartpaydays.com give feedback within two to five minutes of your request, and the cash disbursement process begins immediately depending on the approval status.

Step 4: Receive your loan

Most lenders guarantee loan disbursement the same day after application or the next day. If your application is rejected, you can try another online lending platform.

Finding the Best Tribal Loans in the United States

Tribal loans have many similarities to common payday loans; however, they are linked to lenders who identify with the Native American or Indian community. You can get a generous sum of money for the desired period even when your credit score is not attractive to other lenders.

Borrowing tribal loans through a brokerage site saves you from having to go to a direct lender and deal with massive paperwork. You also get limited options unlike online platforms where you are connected to many lenders with different policies, short turnaround times and fast disbursements.

New Delhi: Indian stock markets have been very volatile over the past two weeks. On Tuesday, the benchmark, Sensex, showed strong swings. It opened at 57,621 and moved to 57,925. Later, Sensex fell to 57,058, later repeating the cycle of highs and lows throughout the day. As of 3 p.m., the index was trading at 57,523, about 100 points lower than the opening high.Read also – Share Market Today: 20 stocks for a profitable trade on February 8

Nifty50 has also been very volatile. After peaking at 17,536 on Tuesday, it fell to 17,119. As of 3 p.m., the index was trading at 17,220, about 300 points below the opening level. Real estate and banking stocks were weak performers. Read also – Adani Wilmar IPO today. Direct link to check the stock price here

But what explains the volatility of India’s stock markets. Let’s take a look. Read also – Monday Blues: Sensex closes more than 1,000 points lower, Nifty just over 17,200

Sale by foreign investors

Foreign investors are an important part of Indian markets. On Monday, the United States published its employment report. The report was quite positive. After the report, according to Economic Times, there is a good chance that the Federal Reserve, the central bank of the United States, will raise interest rates to control inflation.

This rise in rates will cause bond yields to rise and investors prefer bonds to markets from a safety perspective. This played a major role in Indian stock markets acting more volatile than usual.

Monetary Policy Committee meeting

The Reserve Bank of India (RBI) is holding its monetary policy meeting between February 8 and 10. The outcome of the meeting will be announced on Thursday 10 February. Investors fear that the RBI will raise policy rates, which will send money out of the stock markets into the banks.

Rate hikes are likely to control the rate of inflation. In addition, central banks around the world plan to adopt tighter monetary policy to limit the soaring budget deficit due to pandemic support programs.

This too has played a major role in weakening the minds of investors.

Rise in oil prices

In just a few weeks, crude oil prices have gone from $65 a barrel to $93 a barrel. According to the media, this is due to rising geopolitical tensions across the world.

Russia, which is the world’s second largest oil supplier, is very close to an armed conflict with its neighbor Ukraine. On the other hand, in the Middle East, Houthi rebels in Yemen and the United Arab Emirates are constantly exchanging fire.

With supply sources so stressed, oil prices are rising. This put additional pressure on central banks to adopt a hawkish stance, leading to volatility in the markets.

If reports are to be believed, market volatility will continue for a few more days.

The Biden administration’s promise to cancel student debt looks more and more like a pipe dream every day. With the student loan deferral program ending due to the pandemic in May, 43 million Americans affected by this student loan debt will seek refinance.

– Zacks

I have a shrewd options trading salary in SoFi SOFI – probably the biggest beneficiary of this approaching loan refinancing tidal wave – to take advantage of this clear catalyst.

I envision a bullish option spread that will maximize upside potential and minimize upfront costs.

The Catalyst

Americans currently hold an unprecedented $1.6 trillion in federal student loans and another $130 billion in private college loans. Refinancing tops the priority lists with interest rates well below 2019 levels.

Gen Z, Millennials, and Gen X hold $115.5 billion, $500.5 billion, and $601.7 billion in national student loan debt, respectively, representing 78% of the total education obligations of United States. These tech-savvy young people will use SoFi’s easy-to-use, industry-leading consumer lending platform (initially focused solely on student loans) with the promise of relatively lower rates (and a rate-matching guarantee) .

The US government’s student loan deferral programs end in late May, providing a perfect medium-term option set in SoFi, which is poised to explode as individuals rush to refinance before rates hit. climb.

SoFi’s recently approved banking charter significantly lowers the cost of lending for this fintech powerhouse, opening up an incredible opportunity for margin expansion at the perfect time while providing customers with market-low borrowing rates.

The January sell-off sent short sellers looking for momentum in this super-high-growth fintech innovator, halving its value in just a few months. SOFI is a target for short-selling hedge funds due to its unprofitable fintech orientations (becoming a saturated space), volatility fueled by r/WallStreetBets, and the now-taboo notion that it went public via SPAC.

SOFI looks ripe for a long-term trade and buy at its heavily undervalued share price. I’m looking at short-term price targets between $20 and $30 per share.

The exchange

I trade June monthly options to ensure I capture loan deferral expirations and the company’s two subsequent earnings reports. There are a number of ways to approach this bullish trade, but given the significant volatility SOFI has experienced in its first year of public trading, I am looking to do so in a way that also captures some of the rich theta embedded. in these options (theta explained below).

My SOFI Trade is a three-pronged game that generates immediate credit to your account with minimal downside risk.

Below is the SOFI option spread I offer (quoted in this order: action taken, expiration date, strike price, option type, followed by cost per share):

Purchase of $20 call options on June 17: -$0.80 + write (sell) of $12.50 put options on June 17: $2.90 + purchase of put options of $10 from June 17: -$1.60 = +$50 credit immediately

Let’s break this trade down. I’m buying June calls, with a $20 strike on the projection that SOFI will be north of my target price range as my previously mentioned catalysts materialize.

I added a bullish June sell spread into this trade to take advantage of the outsized implied volatility (IV). This spread safely captures the rich theta of SOFI options and adds an immediate $130 credit, which more than covers the $80 premium of the $20 strike call (remember options premiums quoted at cost per share, but each contract represents 100 shares). This put spread alone has a $130 advantage while only risking $120.

The combined 3-leg spread has the potential to generate between $300 and $800 if that $20+ target is hit, while risking a maximum of $200 per spread if SOFI falls below $10 until expiration. This trade will be profitable as long as SOFI is above $12.50 in June (a very likely scenario).

If you want to reduce the complications of adding sell spread, simply buy the monthly June calls in SOFI (or the underlying stock, for that matter). This stock looks set to take off following its highly anticipated bank charter and impending student loan refinance catalyst, so it would be prudent to buy the stock outright here.

The Greeks to know

Theta represents the depreciation in the time value of an option’s premium each day assuming the underlying security does not move. Theta can be thought of as the daily return of sold options (options you sold or short options).

It represents the expected daily returns of a written option, assuming that the strike price is not reached before the expirations. Theta (quoted as a negative number) and implied volatility are directly correlated on an absolute value basis (disregarding -/+ signs).

Theta and Vega, an option’s sensitivity to implied volatility, are the most meaningful metrics to focus on when implementing a covered call strategy. As an options seller, we want theta (expected daily returns) to be high in absolute terms, while Vega (volatility risk) remains low.

When evaluating option writing opportunities, I look for contracts with a VI of 50% or greater in combination with a Theta to Vega ratio greater than 0.25. The higher the Theta Vega ratio, the better the risk/reward expense for options sellers (regardless of your strategy).

Deals

The company provides more than 4,200 finance-focused products to nearly 3 million customers, from personalized credit card options to student loan refinancing and a host of new investment products (including the ability to benefit from previously exclusive IPO prices), SoFi does it all.

This mainstream fintech giant has been anything but idle amid the pandemic, with hundreds of new products being added to the platform every quarter, driving its membership prolifically.

The company has accelerated membership growth for the past 8 consecutive quarters, posting a 96% increase in customer base in the third quarter, compared to 113% in the previous quarter.

This fintech innovator generates excellent year-over-year (YoY) revenue appreciation and has achieved 5 consecutive quarters of positive EBITDA as the company races towards profitability. Analysts currently estimate full-year earnings as early as next year.

SOFI went public through one of Chamath Palihapitiya’s illustrious share capital SPAC mergers. Chamath took names such as Virgin Galactic SPCE, Clover Health CLOV and Opendoor OPEN on public exchanges through PSPC’s convoluted merger process. Each of these trades has generated massive interest on Reddit’s r/WallStreetBets (WSB) message board, where millions of young traders gather to promote their favorite “over the moon” stocks.

Chamath plays into WSB’s “Occupy Wallstreet” narrative, with its dogmatic beliefs about the asymmetrical access to information and capital that Wall Street holds about individual investors. His views conveniently aligned with this new cohort of investors allowed Chamath to benefit greatly from WSB’s commitment to his blank check companies.

Final Thoughts on SoFi

SOFI eventually dipped below 10x P/S forward (sitting at 7.5x), positioning it well for a safer value-focused entry point. Analysts are starting to be bullish on this stock, with price targets ranging from $20 to $30 per share. 7 out of 8 analysts call SOFI a buy today with 0 sell odds.

SoFi is successfully executing its growth story in a way I’ve never seen before, giving market participants excellent revenue visibility and plenty of reasons to get in while the stock is still good. Marlet.

SOFI needs to shake off this wider brake on fintech, with the recent PayPal PYPL revenue disaster not helping, although this fintech pioneer’s problems are more company-specific than the market admits. Fourth quarter results will be released on March 1 and I expect to see bullish springboard price action from its sharply reduced valuation today.

Now is the perfect time to start a role at this groundbreaking fintech company poised to thrive in the Roaring Twenties.

Good negotiation

Dan

Equity Strategist and Portfolio Manager The Headline Trader @ Zacks Investment Research

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Update: January 19, 2022 12:37 STI

Pune (Maharashtra) [India], January 19 (ANI/NewsView): Fixed deposit is one of the most popular investment tools available on the market, as it is unaffected by fluctuations in market trends.
Moreover, it is a reliable option to park his hard-earned money in order to get higher returns on his deposit.
Banks, post offices and non-banking financial institutions (NBFCs) offer fixed deposits in India. Each of these enablers has its own set of benefits and features. However, investing in fixed income instruments generally generates lower returns than market-linked instruments.
When one wants to invest their money in a safe investment tool such as an FD for long-term capital appreciation, Bajaj Finance is a financier that offers the dual benefits of high FD rates and deposit security.
Here’s why Bajaj Finance Online Fixed Deposit is an ideal investment option:
Earn more with high FD interest rates
The return on investment, i.e. the applicable interest rates, serves as the main criterion for determining where to invest. FD interest rates in India are based on RBI regulations. The change in the repo rate by the RBI affects the interest rates of commercial banks, but Bajaj Finance, being an NBFC, is not directly affected by the change. Bajaj Finance’s fixed deposit interest rates remain relatively immune to changes caused by key rate cuts.
Bajaj Finance offers one of the highest FD interest rates in India. Below is a table showing the interest earnings for different terms for a citizen under 60 investing in a Bajaj Finance FD.

Seniors benefit from an additional interest rate of up to 0.25% on top of the base rate on their deposits.
Flexible payment options and loan against FD
FDs from post offices and banks generally do not offer the flexibility to obtain interest payments as investors choose. With Bajaj Finance, investors can opt for periodic interest payments based on their liquidity needs by depositing savings into the non-cumulative FD plan. This plan gives investors the option to choose between monthly, quarterly, semi-annual or annual interest payments.
Bajaj Finance also allows investors to apply for an unsecured loan against their FDs. This facility is invaluable in case of emergencies like cash needs for medical bills. Investors can profit up to 75% of the FD value.
Easy online investment process
An end-to-end online process adopted by Bajaj Finance online FD allows investors to benefit from a completely contactless investment procedure. One can quickly fill the FD form online from the comfort of his home.
Bajaj Finance FD has been accredited with the highest security ratings (FAAA) and (MAAA) by CRISIL and ICRA – India’s leading credit rating agencies. Investors looking to grow their savings can easily invest in a Bajaj Finance online FD without worrying about returns, defaults or unexpected interest payments.
Bajaj Finance Limited, the lending company of Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, serving over 44 million customers across the country. Based in Pune, the Company’s product offering includes consumer sustainable loans, lifestyle finance, digital product finance, personal loans, home loans, small business loans, home loans , credit cards, two- and three-wheeler loans, business/SME loans. Loans, securities lending and rural finance which includes gold loans and vehicle refinance loans as well as term deposits. Bajaj Finance Limited is proud to hold the highest FAAA/Stable credit rating for any NBFC in the country today.
To learn more, please visit: www.bajajfinserv.in.
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New Delhi | Jagran brand office: As we welcome 2022, a recent study published by ANAROCK suggests that India’s top 7 cities saw a 113% year-over-year increase in home sales in the third quarter of 2021. It’s a nod to strong demand. that the holiday season has seen in the last three months of the year thanks to the Diwali offer catalog, and experts hope the same spirit will be carried into the New Year.

Lenders have chosen to continue to offer attractive home loan deals and encourage home loans by also announcing exclusive benefits and attractive rate cuts in 2022. Industry mainstays are now extending a new rate of festive interest of 6.65% * per year, to eligible employee and professional candidates with a CIBIL score of 800 or more.

This not only reduces the interest paid on the home loan, but also champions the end-to-end digitization of the borrowing process, as these offers are only valid on applications made online, through the lenders website. Interested candidates should note that this offer is valid on applications submitted from December 28, 2021 to January 26, 2022 and on loan amounts disbursed until February 25, 2022.

Tips for getting the best interest rate for a home loan:

As the loan market is flooded with competitive offers, these are best appreciated by those who easily meet the eligibility criteria of lenders. Here’s what you can do to make sure you’re getting the best of what any lender has to offer this holiday season.

– Maintain a high credit rating

Your CIBIL score is indicative of your solvency. Therefore, it is essential to maintain a healthy credit score of 750 and above in order to benefit from a better interest rate on home loans. Here are four ways to make sure your credit score stays improved before you approach a lender.

I. Clear existing debts faster

ii. Limit credit requests

iii. Maintain a mix of secured and unsecured credit

iv. Pay credit card bills and IMEs on time

It is also essential to regularly check the credit report to detect any discrepancies in your credit report that could have an additional negative impact on your score.

– Meet the eligibility criteria specific to lenders

Lenders offer the most competitive interest rates on home loans only to eligible applicants. Since eligibility varies among lenders, it is advisable to see if you can meet lender-specific eligibility criteria for a low interest rate on a home loan.

I. Here are some eligibility criteria for standard home loans that individuals must meet. Applicants must be resident citizens of India.

ii. The age must be between 23 and 68 years old for salaried candidates and between 25 and 70 years old for independent candidates.

iii. Employees must have at least 3 years’ professional experience, and independent candidates must have at least 5 years professional experience.

Financiers also take into account the property chosen, its location, current valuation and tastes before deciding on the interest rate on a home loan.

– Improve and stabilize monthly income

Lenders offer suitable interest rates on home loans after evaluating the repayment capacity of their borrowers. In this case, they take into account the monthly income of the applicants. For example, lenders offer affordable interest rates to those with higher monthly incomes.

However, individuals can also mention additional monthly income to benefit from a better interest rate. Lenders allow applicants to add rental income from another property, interest earned on investments, and likes to their tax return. Borrowers should also consider their liabilities when calculating their disposable income. As a general rule, to qualify for a low interest rate, the debt-to-income ratio should not exceed 50%.

– Choose the type of interest carefully

Individuals can choose between fixed and variable interest rates when applying for a home loan. While the first type of interest stays the same throughout the term, others change based on external benchmarks, including the repo rate.

Many prefer a floating interest rate because it allows the borrower to benefit from favorable market conditions and is also the more affordable option of the two. Readers should note that borrowers with an existing home loan can still switch from variable interest rates to fixed rates through refinancing or mortgage balance transfer.

– Opt for a mortgage balance transfer

Existing borrowers can also transfer their mortgage balance to a new lender with better rates. Besides a better interest rate, this facility also allows individuals to reduce the EMI of their home loans.

However, borrowers should opt for this facility in the initial stage of the repayment tenure in order to maximize the benefits. You also have to think about counting the additional costs of transferring your loan at the total cost and see if this is a transaction that makes sense to them. After taking these factors into account, if the facility offers substantial savings, you should go to take advantage of lower interest rates and better terms of service.

– Compare different lenders

A comparison of different lenders and the interest rates they offer also helps you get the best mortgage loan programs. Borrowers can also use a home loan EMI calculator to make these comparisons. Almost all major financial institutions offer this online tool to their customers for free.

To further attract applicants with a strong financial profile, lenders also offer pre-approved offers that simplify and speed up the process of obtaining credit. In addition to mortgage loans, such offers are also available on various financial products, including mortgage loans. All you need to do is enter your name and contact number to instantly verify your pre-approved offer.

Individuals employed or professionals with variable interest rates can also reduce the interest expense by making regular prepayments. In addition to interest, individuals can maximize their savings by taking advantage of tax benefits for home loans. It allows them to save on taxable income while paying off both the interest and the mortgage principal.

To be able to get the most out of year-end offers, make sure your credit profile matches what your lender is looking for, so you can take advantage of lower mortgage interest rates and make your mortgage much better. more affordable.

(Note: this article was written by the Brand Desk)

Posted by:
Talibuddin Khan

NEW DELHI’s real estate market in India is at its best ten-year level in terms of housing affordability. Ratio of 50%, real estate advisor Knight Frank said in his “Accessibility Index 2021”.
Ahmedabad has become the most affordable housing market in the country with an affordability rate of 20%, followed by Pune and Chennai at 24% and 25% respectively, in 2021.
Mumbai was the only one to record an accessibility rate above the threshold at 53%, however, it improved the most since 2011. The accessibility rate in Bengaluru fell from 57% in 2012 to 26% in 2021 while the ratio in the NCR improved from 38% in 2020 to 28% in 2021

The affordability index captures changes in house prices, mortgage interest rates, and average household income to determine the ability of buyers to buy a home in a given city. Since banks take out home loans when the IME-to-income ratio is below 50%, existing income and average note size measurements in seven of the eight markets make it easy for a buyer to finance their home purchase. .
“For most of the past 5-6 years residential prices have been corrected leading to better affordability, however the recent reduction in the mortgage interest rate to below 6.5% has been a deciding factor. in Significantly Improving Housing Accessibility Over the Last 24 Months There is no doubt that it took a pandemic for the market to turn around and strengthen homebuyer sentiment, which is now evident in across the country, ”said Shishir Baijal, President and CEO of Knight Frank India.
It is therefore the ideal time for potential buyers to buy a home, given that all factors, in terms of the regulatory environment, price as well as mortgage rates are favorable.
Point to note: The Knight Frank Accessibility Index indicates the proportion of income a household needs to finance the monthly payment (MIE) of a dwelling in a given city. Thus, a Knight Frank Accessibility Index level of 40% for a city implies that, on average, households in that city have to spend 40% of their income to finance the EMI of the home loan for that unit. An EMI / Income ratio above 50% is considered unaffordable because it is the limit beyond which banks rarely take out a mortgage.