Subvention – a common trend in the Indian financial sector in order to boost the overall business. The concept of providing financial incentives is quite common especially in the car loan segment, although it has been introduced recently in the housing sector. However the extent of providing these incentives is not standardized. The process is… Read More »

With the rising interest rates by the day, it is not advisable to opt for a home loan since these rises are not going to end. But consider yourself lucky, to pay  your EMIs worth 40% of your salary. That is possible only if you have been a prudent borrow. But if you have been… Read More »

There is no pre defined amount as to how much an individual can save. As individuals vary, so do their incomes, responsibilities, liabilities etc, differ. The only rule that has to be followed is to save as much as you can and cut down on unnecessary expenses. Keeping your personal requirements and your family circumstances… Read More »

Withdrawing from your PF and investing the funds in equities is not a desirable suggestion any financial advisor will give you. There have been some cases where people, due to emergencies tend to break the PF for meeting their requirements but breaking the funds and investing in equities is not worth. Your Provident Fund carries… Read More »

Not many people realize the significance of this term. Compounding interest can help you earn better returns in future since; it is your interest that earns interest. When following this pursuit, it is very important to keep in mind that, compounding, will show returns only in the long term period but not in the short… Read More »

If you have been able to build a sound portfolio, and allot your savings accordingly, where in you have provided for your family’s future requirements, it is time for you to rethink whether your rate of return will be able to beat the inflation 5-10 years from now. Keeping this clause in mind, it is… Read More »

This birthday comes along with a reminder, to list all your assets and liabilities, if any, and nominate your family members for possessing them in case of any emergencies. Most working Indians, manage to build a good size of their investment corpus which includes an own house, car, funds stashed away for children’s education and… Read More »

Kapil Sibal, India’s Human Resource Development Minister, announced that the National Education Finance Corporation (NEFC) may initiate flexibility in repayment of study loans borrowed by students and also offer easier credit rates for investors in the education sector. While the Planning Commission was reviewing the proposal, it is expected to be financed by the Central… Read More »

Pratip Chuadhuri, SBI’s newly appointed Chairman, said that the bank will engage with the RBI to lower the higher-than-comfortable provisioning requirement of teaser loan. In an attempt to temper the highly charged-up discourse, Mr. Pratip said, “The current provisioning requirement of 2 % on teaser loans is a bit difficult for the bank when compared… Read More »

LIC Housing Finance recently announced the launch of its new home loan product – Freedom, which offers loan amounts up to Rs. 1.5 Crores for interest rates as high as 10.75%. An interest rate of 9.9% would be offered for loan amounts up to Rs. 30 Lakh and an interest rate of 10.35% would be… Read More »