When in times of an urgent requirement of funds most people think of a personal loan as the only option. However, there are several types of other loans available in the market, which can be used to raise capital for various requirements in a critical situation. Availing a personal loan though may sound pretty tempting… Read More »
Old age can be very challenging, or rather miserable, when there is no financial support from any source. Taking this into account, some of the finance companies have introduced the Reverse Mortgage scheme in India. This scheme originated in the United States and has gained popularity in the West since its inception. Reverse mortgage, as… Read More »
The arrival of a kid brings in a lot of happiness into the family, especially to the parents, at the same time it also brings along many responsibilities for the couple. All of us are responsible; but uncertainty could collapse the financial health of the family at any time. It is sensible to save money… Read More »
The Reserve Bank of India has brought about many new directives and guidelines in order to curb speculation in the property market as the sector stands poised for a revival post recession recovery. One of the guidelines that has dampened the mood of real estate developers as well as prospective home buyers is the exclusion… Read More »
New Pension Scheme (NPS) is a pension scheme launched by Government of India (in effect from 1st April, 2009) and is a defined contribution based pension scheme. NPS differs from the existing pension scheme in the sense that existing pension fund of Government of India offers assured benefits while NPS has defined contribution structure where… Read More »
Buying a home is the most important decision for a majority of people. It is an exhaustive process involving loan application, site inspection, property inspection, myriad regulations, and search for the right locality. It is imperative that people spend so much time in acquiring a roof over their head as this is their biggest expense.
What is a CIR? CIR (Credit Information Report) is the report which maintains a track record of your credit history. Your credit history can be information relating to the number of loans you have applied for, number of loans you are currently repaying, the outstanding amount on your account, the amounts you might have defaulted… Read More »
Optional Adjustable Rate Mortgage, is a loan product which, in addition to having a very low down payment (usually 5% of the home value), gave the borrower an introductory period during which he could choose to pay the interest due alone for the month or to pay an even lower repayment termed “minimum payment”. Making… Read More »
Sunila walked out of the debt counselor’s office in a pensive mood. She had accompanied a close friend of hers for moral support. Her friend Divya had actually opted for the services of a debt counselor having run into some financial trouble and some pending loan dues.
Cobranded credit cards work on brand partnership, when two companies form an alliance to work together, creating marketing synergy. For e.g. : Citibank credit card and Shopper’s Stop have an alliance. They are credit cards, which are associated with particular airlines, travel or retail outlet. These cards can be used just like regular credit cards… Read More »