As the features offered by each credit card varies, it is essential for you to understand which features will benefit you a lot. If you are shopping regularly at a particular store, go for a credit card that offers your reward points or cash back or discount when you shop at that store. Don’t select… Read More »
PMS (Portfolio Management Services) entered the Indian markets during the period of late 90s and acquired the limelight during the bull phase of 05-08. But due to the market down fall, these services have lost their luster. But not many investors realize what this PMS is all about and how can one be benefited. Under… Read More »
Moving into one’s own home is a joy, which is to be felt not explained. It is utopia what with the poojas, house warming functions, searching for just the right furniture and fittings, praises you get for having taken care of the finer parts in construction and decorating the house and the pride in having… Read More »
There is no legal problem with six people opting for a joint loan. However, banks insist that all co-owners of the home must be co-borrowers in a joint home loan, though the reverse is not stressed.
To understand how a home loan works one needs to understand what a rest means. A rest is the interval at which the remainder of the loan amount is recalculated as you repay the loan. This is relevant only in the case of a reducing balance loan as opposed to a flat rate interest loan.… Read More »
Its financial year end and the Budget bandwagon is rolling full steam. Every newspaper and magazine keeps publishing reports and reports and reports and reports! Some great, some not so great, but, one thing is common; most of the terminology is not common for the common man. So let’s try to understand some of the… Read More »
Leave Travel Allowance (LTA) is granted by the employers to the employees as part of the remuneration to provide for travel expenses incurred during the year. Leave Travel Allowance also covers such expenses of the spouse, children as well as dependent parents and siblings. However, there is a restriction. The allowance is restricted to two… Read More »
Choosing between the fixed interest and floating interest home loans is one of the biggest challenges facing the prospective home buyer. There are advantages and disadvantages in both variants which needs careful scrutiny as a home loan is along term commitment and the actual money paid back over the entire tenure could vary drastically. Such… Read More »
The Union Finance Minister Mr. Pranab Mukherjee presented the Union Budget 2012-13 and has given a marginal benefit on the much awaited income tax slabs for common people. The biggest beneficiaries would be people having income between 800,001 to 999,999 per annum. They move from the 30% slab to the 20% slab! Personal Income Tax… Read More »
To begin with why do you need flexible repayment options? The biggest advantage is that choosing the right flexible repayment option would reduce your EMI load! Moreover, it could help you avoid getting that adverse ‘defaulter’ tag. Remember, if you had borrowed from a bank even a single default could deface your credit report and… Read More »