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Saving is an activity that is important for everyone to learn. And, if you are a couple then managing your money and personal finances becomes an all the more significant task to be achieved. It becomes as significant as managing your personal diet and health. Why is personal finance management, a challenging task for many […]
Like how we take care of our physical health through periodic check-ups, inspecting the financial health from time to time is very important. We tend to look at what we eat, how we keep our lifestyle in order to have a healthy life.
Protecting your capital, a BIG task, Isn’t it? You have your higher studies planned, EMI to take care of and a huge college fees for your children awaiting to empty your purse in couple of years. And, of course, unwanted emergencies like health issues and uncertainty at work which can lead to unexpected personal finance problems.
There has been a recent trend towards students opting for studying in foreign countries. Generally, it’s because it improve the student’s employment prospects. But like all things in foreign, even the cost of education is also very high. But that doesn’t meant that you cannot have access to these courses abroad. Most lenders look at […]
I have been witnessing people, especially the younger generation, working really hard and late hours in order to live a luxurious and content life. When I ask them about investments, most of them satisfactorily tell me that they are saving 20-30% from their monthly income. They seem very happy about it. If you are one […]
We can add drops of water to fill up a bucket, the drops may be big or small but nonetheless it will fill the bucket. In a reverse sequence we can draw out portions from the bucket when required and satisfy our needs. The world of mutual fund investing is no different. The Systematic Investment Plan (SIP) and the Systematic Withdrawal Plan (SWP) are somewhat analogous in nature to the example of water stated above. While SIP is a common and popular form of systematic investment in parts, the concept of SWP, the reverse of SIP, may not be known to everyone.
Quick approval, low-risk, and collateral-free are some of the reasons why personal loan is one of the most feasible options to generate fund. However, as it is an unsecured loan, the interest rates can tilt towards the higher side. As of now, the average rate of interest for personal loans is between 11.49% – 20%.
Repo rate is the rate at which the RBI lends money to Indian banks. So when RBI cuts repo rate, it helps banks as they can now get money at a cheaper rate. As the cost of raising funds for lenders goes down, the lenders are normally expected to pass on the benefits to borrowers by means of loan rate cuts (applicable for floating rate loans).
Every offering by Financial Institutions attempts to give its investor audience something tailor made to their needs. A new one- Exide Life Income Advantage Plan by Exide Life Insurance, goes a step further and allows the investor to pick from two options allowing them to customise the payment terms based on their needs. But before […]
Millions of Indians often end up in situations when their tax debts outstrip the money available at their disposal. When all other financial avenues close up, taking a personal loan to pay off tax debt could be a good option. Listed below are some of the advantages of availing a personal loan to pay off outstanding tax debt:
