This is a card that works like plastic money, where you can make purchases with a quick swipe, just as you would with your credit card. You can use it at ATMs and recognised VISA enabled points of sale, is prepaid in nature and can be loaded with dollars, euros or pounds, but can be… Read More »
Investing for your retirement may not be the most important thing on your mind when you start your career. For most people, investing may not even be on the priority list when they start their career. When you start your career, your saving capacity may not be much in absolute terms, as your salary itself… Read More »
Try and pay the down payment from your own money, savings or by liquidating some assets. Opting for a personal loan can be a costly affair, as interest rates are very high. If you don’t have enough savings or assets to pay up the money, then its wise to wait and build assets and savings… Read More »
The third option is private equity. This is usually opted for high risk and high growth sectors. This comes at a much later stage of an establishment’s growth.
She had always wanted to pay off her debt and did not want to depend on volatile market conditions and wait ages before the property became her completely her own with no stake in it for the bank. Of course while she was paying her loan, she did not have to worry too much about… Read More »
The one thing that he forgot was to be educated about the different features this card offered, read the agreement and understand the cost of using each of these features. The card offered a grace period or free credit period of 30 days. Thereafter, it charged 3.5 percent interest on the outstanding amount due. Mr.… Read More »
In today’s context innovative options both in the residential units and loan offerings seem to be the need of the hour. The boom in real estate that has been fueled by the ever rising incomes of individuals in India combined with easy access to home loans has brought about such new and innovative options in… Read More »
In every loan agreement, there are various types of clauses which often confuse the borrower. In most of the cases, these clauses are put to ensure that the interest of the financing company is protected as the agreement draft is prepared by their lawyers. It is thus essential for the borrowers to understand and appreciate… Read More »
The car loan is a very common debt today with almost all middle class Indians opting for this method to own their dream vehicle. However, there are some clauses in a car loan agreement that most people are still unaware of which may compromise the interest of borrower at a subsequent stage. Described in this… Read More »
The Union Finance Minister, P Chidambaram presented the Union Interim Budget for 2013 with some relief for the auto industry by announcing excise duty cuts. The excise duty has been reduced across all segments of the auto industry with a follow up reduction in the Central Value Added Tax (CENVAT). However the announcement has been… Read More »