If you are still studying and think there is no need for you to plan your budget and believe the responsibility of planning the finances rests solely with your parents, then you need to reconsider! A few mistakes you commit during these critical years might trouble you for the rest of your life. You should… Read More »
How does compounding work? When you save Rs.100 and get an annual interest of 10%, you will have Rs.110 at the end of one year. If its a compounding interest rate, then next year you will get a 10% interest on Rs.110, which then makes it Rs.121. The next year, interest will be calculated on… Read More »
Any monies that you receive from your company for the purpose of travel to any place in India along with your family for the purpose of leave. The claim can be made two times in a bucket of 4 years. Family includes Wife and children and also parents, brothers or sisters if they are dependent… Read More »
A lease through the company is helpful especially in cases where employees, for short durations, are required to work from offices located in different cities or work from client’s workplace. Employees are benefited with a ready accommodation in new destinations and it helps them settle down faster in the new place. The company is also… Read More »
You never know what’s in store for you! For instance, we cannot control outside events like recession. No matter what you do, it is going to affect all of us in some way or other. However some simple tips like optimum asset allocation, debt reduction, keeping emergency cash will help you tide over the rough… Read More »
A pre approved personal/home/car loan is usually offered by banks to people who have a clean track record of loan repayment history, like in my case. You get it even if you had pre closed your earlier loan amount. Some banks pre approve a loan to its own customers even if they had not… Read More »
Home loans are the most easily accessible financial supplement to purchase your dream home. To understand how to enhance your eligibility to apply for a home loan, make a simple self-assessment. Here is how banks do it.
Can you live with Rs 32 a day in Indian cities? This is what everyone is asking after planning commission came up with this figure in its revised estimate to calculate BPL (Below Poverty Line) parameter. What about living with Rs 26 a day in Indian villages? Impossible, you say. That’s the whole debate that… Read More »
Never exceeding 40% of your credit limit has a very beneficial effect on your credit score. This shows your credit limit is high but you have not burnt it up and have plenty in reserve. This logic helps you attain a much higher credit score. This is the same logic that suggests you should not… Read More »
With SBI doing away with teaser loan and RBI increasing policy rates, home loan has become once again more expensive for Indian borrowers. The home loan rates since then have been raised to at least 9.5% offered by SBI and few NBFCs such as Indiabulls finance. Other banks and NBFCs may charge even higher. We… Read More »