Blogs

We live in a world where loans are accessible at the click of a button, making it easy to find a lender. However, finding the right lender can be a real challenge. Regardless of why you require financing, you must choose a lender that aligns with your financial goals and offers a smooth, transparent, and reliable borrowing experience. Here’s a guide to help you navigate the lending landscape and select the ideal lender for your needs.

In India, where financial aspirations are constantly rising, loans have become vital tools that enable individuals and businesses to achieve their dreams. From buying a home to purchasing a car and upgrading your home appliances, loans offer the necessary financial support to turn aspirations into reality. However, as the demand for loans increases, so does the threat of loan fraud. Many unsuspecting individuals are now at risk of falling prey to scammers and losing their hard-earned money. Let’s better understand these scams and how to stay safe.

The festive season is always special. Families come together to celebrate, and people take advantage of the auspicious days to purchase new vehicles. Diwali offers the perfect occasion to upgrade your existing four-wheeler to a new SUV. If you’re still considering your options, here are the top 5 SUVs to consider buying this festive season.

The festive season in India is synonymous with celebrations, shopping, and big-ticket purchases. Many young families choose personal loans to help manage these additional expenses instead of stretching their budget. While personal loans offer quick disbursals and immense convenience, we must use them cautiously. Here’s a look at the top mistakes to avoid while taking a personal loan this festive season.

Diwali, the festival of lights, is a time of joy, new beginnings, and celebration. But along with the excitement comes the reality of added expenses. From buying new outfits and gifts to sprucing up your home and travelling to meet family, Diwali shopping can quickly exhaust your budget.

Electric vehicles (EVs) are taking India by storm. Many individuals are considers buying an EV to help reduce their carbon footprint and contribute to a better future. The festive season is the perfect time to explore eco-friendly and cost-effective commuting options. Electric scooters offer zero-emission rides and substantial savings in the long run compared to traditional fuel vehicles. If you’re in the market for an EV scooter this festive season, here’s a list of five fantastic options that combine style, performance, and technology.

The festival of Dussehra is about more than the celebration of good triumphing over evil. It is a reminder for us to get rid of bad habits and focus on building a better life for ourselves and our loved ones. When it comes to our finances, we have many financial demons and bad habits simply waiting to create chaos in our everyday lives. This Dussehra, let us work on vanquishing these financial demons and securing your financial future.

At HDB Financial Services, we understand the importance of adapting to the new-age digital world around us. We have proven our commitment to staying ahead of the curve by becoming the first NBFC to implement the National Payments Corporation of India’s (NPCI) e-KYC Setu system. This groundbreaking achievement marks a new era of customer onboarding. With e-KYC Setu, we combine speed, security, and ease, ensuring a seamless experience for all customers.

We rely on loans to fund our personal needs and fuel business growth. While borrowing money, transparency and clear communication is essential for the customers. HDBFS introduces Key Fact Statement (KFS) that is aimed at enhancing customer’s understanding of terms of the loan and ensures 100% transparency. Let’s learn more about KFS - what it is, why it’s essential, and how it benefits the borrower.

We all understand the importance of financial planning. It enables you to enjoy stability and achieve all your goals. However, even the best-laid plans can go awry. Without realising it, we might make some basic financial mistakes that can derail our progress. Here’s our guide to the top financial planning mistakes to avoid.

Indians constantly strive to establish better lives for themselves and their loved ones. In a country where aspirations continue to rise, loans have become crucial financial tools that enable individuals to fulfil their dreams. Loans can help you finance your child’s education, start a business, buy or renovate your home, and upgrade your car. While most people opt for personal loans in times of need, gold loans are slowly becoming more popular. Let’s explore how these loans work and how they benefit you.

Imagine the wind blowing past your face as you ride through the heart of India, a land brimming with vibrant cultures, ancient histories, and breathtaking landscapes. Having a two-wheeler gives you the freedom to explore the country’s hidden gems at your convenience. From cruising through the rugged terrain of the Himalayas to meandering along scenic coastal routes, every ride is a new adventure waiting to unfold. India’s diverse terrain offers some of the most exciting and enjoyable bike tours. Let’s explore the top options for you to consider for your next bike tour.

Personal loans empower us to get the financing required to fulfil some of our dreams. The funds can help us pay for a dream vacation, new home appliance, or necessary home repairs. Loans also come with significant financial responsibility. You must repay the monthly instalments on time. But what happens when repayments slip through the cracks? Let’s talk about the silent killer of your financial well-being – delayed loan repayments, and see how they can wreak havoc on your credit score.

Weddings in India are more than just a union of two individuals. They are grand celebrations of tradition, culture, and lifelong commitment. Every wedding brings families and communities together. Given the profound cultural significance, planning a wedding is a monumental task, often involving meticulous attention to detail, extensive preparations, and considerable expenditure. Traditionally, Indian weddings take place during summer or winter. However, couples today are embracing monsoon weddings that offer picturesque backdrops and unique experiences.

The Union Budget is a crucial annual event that lays out the government’s economic agenda for the coming financial year. While it covers several sectors and policies, working individuals usually scrutinise the announcements surrounding personal finances, including income tax and loans. If you’re considering a personal loan, the upcoming budget might have hidden gems that can significantly impact your borrowing experience. Let’s explore how the Union Budget can affect your personal loan.

The pitter-patter of raindrops might be a welcome change from the scorching summer heat. However, the cooler temperatures bring slippery roads, bumpy potholes, and other challenging driving conditions. As the monsoons set in across India, let’s explore top car maintenance tips to keep your vehicle ready to weather the storm.

Cities across India get hotter towards the end of February and through March. Although most of us dread the summer heat, it allows us to take a break from work and enjoy a holiday with our loved ones. If you don’t have any plans for the summer yet, we’re here to help. Let’s explore some of India’s diverse terrain with a trip to one of the following summer holiday destinations:

In today’s digital world, individuals can access loans and other financial products through smartphone applications. The convenience of one-click approvals and instant loans has led to people creating fake lending apps to prey on unsuspecting borrowers. You can become an informed lender and protect yourself from such fraudulent apps with our guide on verifying app transactions and keeping your information safe.

As we usher in a new year, it’s time to set the stage to achieve your financial dreams and aspirations. Planning for financial goals is more than just saving. It’s about leveraging the right financial tools to transform your dreams into reality. At HDB Financial Services, we understand your aspirations and offer tailored solutions to help you navigate your financial journey in 2024 and beyond.

Many Indians rely on loans to help them meet various goals. From purchasing a two-wheeler to buying necessary home appliances, a loan empowers you to achieve your aspirations. After your loan gets approved, you have to consider your repayment schedule. You must pay an Equated Monthly Instalment (EMI) as decided between you and your lender. Delaying your EMI payment can lead to serious financial consequences. Let’s understand this better!

This HDBFS blog will help our readers to understand the importance of good credit score, enabling access to better financial opportunities and lower borrowing costs. Click now to read more in detail!

In September 2023, Prime Minister Narendra Modi launched a key scheme for the craftsmen and artisans. Named, PM Vishwakarma Yojana, the scheme has a total outlay of Rs 13,000 Crores

On India’s bustling streets, two-wheelers remain a lifeline for millions. Almost every family owns at least one two-wheeler. These vehicles make it easy for us to manoeuvre through traffic, easing daily commutes. If you’re looking for a two-wheeler, here are some of the best options to consider in 2023.

The festive season is the perfect time to celebrate and indulge in well-deserved rewards for ourselves and our loved ones. Many families choose this auspicious time to purchase a new four-wheeler. We’ve already shared our top choices for hatchbacks. However, if you’d like to upgrade to a sedan, you’re in the right place. We’ve compared stylish designs, comfortable interiors and impressive features to select the top sedans in India for you to consider this festive season.

The festive season is upon us, filling the air with joy and excitement. One of the best ways to mark the start of the joyous season is to consider a new addition to your family. A hatchback car is compact, stylish and efficient. It has become the go-to choice for Indian families that want convenience and affordability. Here’s a look at some of the top hatchbacks to consider this festive season!

In the vast and dynamic landscape of Indian business, Small and Medium Enterprises (SMEs) form the backbone of the economy. Acknowledging their significant contribution to the nation’s growth, the Indian government introduced the Udyam Aadhaar Registration. The revolutionary initiative aims to empower and support these enterprises. Let’s explore the various advantages of Udyam Registration (previously known as Udyog Aadhaar or MSME Registration) and how it plays a pivotal role in fostering the growth and development of SMEs across the country.

Prime Minister Narendra Modi launched the voluntary Zero Defect, Zero Effect (ZED) scheme in October 2016 in order to improve the competitiveness and productivity of MSMEs by helping them reduce wastage in their manufacturing process, enhance their environmental consciousness, save energy, and expand their markets.

The monsoons bring refreshing rains and a break from soaring temperatures. However, the monsoons also create challenges for homeowners. The dampness and humidity can wreak havoc on our homes, leading to mould growth, leakages, and other issues. With careful planning and proactive measures, you can ensure your home remains dry, safe, and beautiful during the rainy season. Here are some valuable tips and insights to remember when renovating your home to withstand the monsoons.

Every year, we look forward to the first monsoon rain. The downpour offers a welcome respite from scorching temperatures. However, slippery roads and high humidity during the season can damage your trusty two-wheeler. As the monsoons intensify over the country, here are some easy ways to look after your vehicle to maintain its performance.

The number of smartphone users in the country is on the rise. Experts expect India to have over 1 billion smartphone users by the end of 2023. Affordable brands like Xiaomi, Samsung and Vivo enjoy the largest market share. If you’re looking for a smartphone upgrade this year, here are some of the best models to consider under Rs. 60,000.

In today’s fast-paced world, a reliable and efficient laptop helps you maximise productivity at work. If you’re struggling with an old model that’s too slow, here are some top new laptops to consider for an upgrade!

Refrigerators help keep our food fresh and prolong the longevity of several edible items. Today’s refrigerators have become feature-rich and innovative, providing enhanced convenience and efficiency. Here are some great options to consider if you want to upgrade your refrigerator in 2023.

Messaging applications like WhatsApp have become double-edged swords in today’s world. While these apps help us stay in touch with family members, friends and business associates, it also enables fraudsters to scam people.

The Reserve Bank of India (RBI) has taken a few measures to help us safeguard our online finances. They have implemented two-factor authentication and One-Time Passwords (OTPs) for most online transactions. However, many people still fall prey to rampant OTP and other scams.

A personal loan, offered by lenders like HDB Financial Services is an unsecured loan that allows you to borrow money for a variety of purposes like home renovation, education, taking that dream vacation, consolidating debt, covering wedding expenses, and lots more. Understanding the personal loan process, what to expect, and how to prepare can help you make an informed decision and secure the best loan terms possible.

We live in a highly digital world. From keeping in touch with friends to paying for everything from groceries to insurance premiums, we conduct most of our daily activities online. Since we spend so much time on the internet, we should prioritise securing our digital lives. Hackers and other online scammers constantly attempt to steal personal information for their benefit.

Two Wheelers are affordable, efficient, take up less space on the road and also come in eco-friendly electric options, making them an ideal option for individuals looking to save money on fuel costs and reduce their carbon footprint. Furthermore, a motorcycle offers higher mobility and manoeuvrability in traffic than cars, making it the medium of choice for a large number of urban commuters.

Where once they were considered a luxury item, today they are an irreplaceable part of the modern kitchen. If you’re looking to buy a new fridge to keep your food items fresh then you will be spoilt for choice. Let us help you out by listing our pick of 5 fridges that will be ideal for your home.

With the scorching summer setting in earlier than usual, most of us have already started planning for it. An air conditioner is no longer a luxury item but a commonplace household appliance.

An emergency fund is your own pool of money that you can tap into when you are caught in a financial difficulty. It protects your financial commitments and ensures that your daily needs do not suffer because of a challenging situation.

Buying a new or used car is made easy and simple by opting for a car loan. There is an abundance of car loans being offered by various lenders. However, due to a lack of knowledge, many borrowers end up making the wrong decision and end up regretting it later. Here’s a look at some common mistakes borrowers make while applying for a car loan.

In our previous blog, we showcased some interesting spots to check out in India. But, as they say, ‘the world is your oyster’. Travelling and experiencing new cultures is a thrill and education of its own. So, in that spirit and in continuation to the theme of travel and adventure, we bring to you some international destinations that you can explore this year

If you are planning to take a loan, then it is important for you to know the concept of ROI and APR. A clear understanding of these terms will empower you to compare between lenders and various loan offerings

Looking for a short break? The good news is 2023 brings with it numerous extended weekends due to holidays falling on a Friday or a Monday. Furthermore, there are plenty of options to take one day off from work and make it into a 4 day weekend that is ideal for quick trips with your loved ones.