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 »
While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending… Read More »
Abhishek loves owning the latest gadgets and makes most of his purchases through his credit card. However, assumptions and myths surrounding credit cards made his life tough. Due to the wrong information he got about the use of credit cards, Abhishek ended up losing a lot of money as late payment fee or penalty. He,… Read More »
Many car buyers who opt for borrowing think only of car loan option and are not aware of the other possible options like car overdrafts. Let us take a look at the intrinsic difference between a normal car loan and a car loan overdraft facility and analyse the pros and cons for both.
Usually in the excitement of owning a car, people often do not give the due importance to take a closer look at car loan options like comparing offers of different banks and reading the terms and conditions. Let us take a look at some of the essential must knows before applying for a car loan.… 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 »
There is no place like home. It is a secure haven that everyone loves to retire to after a hard day’s work! However, in today’s scenario, a home without a loan is unthinkable for an average Indian citizen. Getting a loan means repayment starts straightaway and a good portion of the income has to be… Read More »
Have you ever thought of how much insurance would you require to live your life securely? Or you are simply taking policies for tax benefits or as agents approach you? It is a good question to be contemplated upon if not already done. Let’s see here the tips to choose insurance plans depending on factors… Read More »
Personal loan being a very popular financial instrument for riding a short term financial crunch, many people go for it without too much introspection. However, it is true that personal loans are a real help in emergencies, as one can avail it without any collateral as security, depending on one’s financial health and past payment… Read More »
Every parent wishes their children to receive the best education and will never compromise on it. The high fee for professional courses and overseas higher education are often, beyond the financial capacity of many families. Thanks to education loans, many are taking advantage of this facility. However, there are certain things to be kept in… Read More »