As property values are sky rocketing in the metros and other Tier 2 cities of the country, taking a home loan has become a Hobson’s choice for most buyers. Banks advance 80%-85% of the property value in the form of a home loan, depending on the borrower’s individual borrowing eligibility. As in the case of… Read More »
Supriya was looking for a new mobile phone and checked various stores in her city. She found that the phone she was looking for was available at a bargain price on online shopping websites compared to physical retail outlets. Never having indulged in any online shopping activity in the past, Supriya was not sure whether shopping… 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 »
Most youngsters ignore life insurance mainly because of they feel, it’s not required for them. They take life insurance simply for the sake of tax deductions, and often feel neglect its benefits thinking it’s not for them. It’s quite natural for them to feel so, especially if they are away from familial responsibilities. But remember,… Read More »
Satish Kumar, an animation professional from Mumbai has multiple credit cards that he hardly uses. Chased by credit card sales agents with lucrative offers such as no annual fee Satish ended up owning more than four credit cards, but he uses only one out of them. To his utter surprise Satish got a bill from… Read More »
There is a famous saying “A friend in need is friend indeed”. If we talk in financial terms this statement can be rephrased as “A financial asset in need is a financial asset indeed”. Normally every individual investor builds a portfolio using a lot of financial assets but is he aware which option in the… Read More »
While looking for the right home loan to buy a dream house one may come across a situation when the total amount that one is eligible for is insufficient. It is such situations that one needs to work out ways and means to increase the total eligible amount in order to be able to acquire… Read More »
The situation in most Indian households and corporate offices today shows one major action taken – cost-cutting. This action is attributed to the inflation rates in India as well as the looming global recession. Inflation is defined as a sustained increase in the general level of prices for goods and services.
Individuals have the freedom to self assess income and pay taxes. That doesn’t mean that if you do not declare a particular stream of income to evade taxes, you will go scot free! Tax evasion is an illegal activity which entails not filing income tax returns altogether or misrepresenting the tax payable amount. It is… Read More »
The known remedy to make capital surpass inflation is to invest in equity instruments. This helps investor grow their capital much faster and will help beat inflation in spite of sharp periods of decline. Equity investment refers to the buying and holding of shares of stock on a stock market by individuals and funds in… Read More »