Most of us are now aware of some of the critical reasons a bank might refuse a loan and gear up for it well before a loan needs to be sought! This is very true in the case of a home loan, which requires preparation on various fronts. You are likely to pep up your… Read More »
Once the checks are in place and the bank pre-approves the loan, it will hand over a letter stating that an in principle approval of a particular home loan amount has been granted and will be valid up to a particular period. Some banks will also state the rate of interest at which the loan… Read More »
In this era of recession, deflation, and job cuts, it is especially important for you to consider where your hard-earned money is going; financial security is the key in today’s unpredictable world. And the first step towards gaining that security is to have a saving plan.
This Tuesday (Jan 24, 2012) saw an upbeat in the Money Market resulting from the positive move from RBI monetary policy of reducing the CRR rate by 0.5%. The revised CRR now stand at 5.5% which was earlier 6% which would be effective from January 28th 2012. The CRR reduction was targeted to control the inflation… Read More »
FoF is a mutual fund that invests in other mutual funds belonging to the same fund house or belonging to other fund houses. Basically, it is a collection of different mutual funds. These funds can be either debt or equity depending on the objective of the FoF. The FoF in India is Franklin India Dynamic… Read More »
Investing in art is a good method for diversification. Since art prices do not depend on other possible components of a portfolio, they act as a cushion when other markets are not doing well. The aesthetic pleasure of viewing a great piece of art is a great advantage.
Wedding insurance does not fall under traditional policies and hence unknown to many. Wedding is a special occasion that stays fresh in our minds for the rest of our lives. Especially in countries like India, it can mean a lot of happiness and a lot of money! It is planned months ahead and people make… Read More »
Tri? No, this is not some fancy jargon, but, just means tri as in three. This article will give you an insider’s perspective of the three major risks involved in personal financial planning for salaried professionals. As most of us know Risk is that part of our life that we are unsure of, which cannot… Read More »
Gold has over the years proved its worth not just in terms of jewellery but also in terms of investment. Considering the run for the metal in the last decade the annualised return on the investment was over 19.5% on an average for each year. Today like most of the commodities even the gold prices… Read More »
Applying for credit cards online is not something new and we all know that many banks are offering the facility through their websites. A new twist to this is the AIP facility launched exclusively for credit cards, which has recently been introduced in India. It is getting widely accepted and found to be a very… Read More »