As per a recent study conducted to overlook the global fraud in the card industry, almost one in every four consumers polled was a victim of card fraud at some point or the other. The statistics revealed that India had the second highest debit card fraud numbers last year in 2013 compared to 2012. Overall… Read More »
Gone are the days when you could issue a cheque with least regard to the balance in your account or other details like your signature etc. Dishonor of cheques issued by a payer is offence under the law. Among many reasons under which, a cheque could be dishonored like mismatch in signature, or date… Read More »
EMI Calculation You need to know the loan amount, processing fee and the interest rate of your car loan, home loan or personal loan. If you plan to prepay your loan, then figure out the exact or approximate amount you intend to prepay and the periodicity of such payments depending on your loan agreement. Use… Read More »
When in need of urgent cash many people resort to taking cash advance from their credit cards. It is interesting to note that unless the outstanding amount is settled in time the credit cards charge up to 45% interest on annual basis on the unpaid amount till such time the dues are cleared. This… Read More »
Rajesh was very happy on identifying his dream home for Rs 50 Lakhs. Just as Rajesh was all set to buy the property, his world came crashing down when he approached the bank and coming to know that the maximum home loan he could avail as per his eligibility is Rs 40 lakhs. Rajesh had… Read More »
Marriage changes an individual’s life in many ways, bringing a lot of joy, additional responsibilities and worries in small measures as we try to adjust to the new person in our lives. After marriage, both of you might be working or either one of you. This will determine your income source and as for expenses,… Read More »
Victor has taken a home loan of around 25 lakhs. He is regularly paying the EMI. Despite interest rate increases and rising inflation, Victor never defaulted. His savings reduced drastically because of increase in EMI. On top of that he had paid off a lump sum amount of Rs.5L as part of his prepayment to… Read More »
Abhijeet is the proud owner of an expansive apartment in Mumbai, but not a lot of people know that he had to face some sleepless nights to buy his dream house. The long term home loan which he had taken for the apartment was haunting him. With the family’s responsibility on his shoulders, he was… Read More »
A decent home in the heart of a metropolitan, equipped with all the standard and luxury amenities, is perhaps the most cherished dream of every individual. There are times when people have to leave their dream behind and move ahead, or at least, put it aside for the time being, in case of a financial… Read More »
Abhishek had started earning well in his early twenties and decided to acquire 2 or 3 credit cards for his varied needs! He was discouraged by a lot of people because keeping more than one card was considered suicidal due to the additional charges associated with credit cards. However, not everyone realised the fact that… Read More »