Understanding the NEW Base Rate effective Jan 2015

New year always come with some new changes. In 2015, we have this thing called "Base Rate" (BR) which will replace the previous Base Lending Rate (BLR) we commonly used for years. What does it mean? What are the differences? How much is the rate actually?

The new system of pricing...

With the new base rate, banks are allowed to price their loans products more efficiently based on their ability. How is the computation method being used for base rate? Read our previous explanation here...

The New Rate for different banks...

How to Responsibly Use & Manage a Credit Card Account ?

Using a credit card doesn’t have to be difficult, but there are a few guidelines to follow in order to successfully manage your financial accounts, then you’ll be ready to go !!!

Be prompt

First of all, pay your balance on time. This is probably the most important factor in determining whether your credit score improves or not. If you don’t pay your bill on time, your APR may be raised, and there will likely be a fee. A great way to remember to pay your bills on time is to set up a reminder on your calendar. Google Calendar is a great option that alerts you via phone or email when something is due.

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