If you have saved enough funds, then borrowing money to go for that much awaited vacation to your dream destination or indulging yourself in some luxurious shopping may not be such a bad idea after all. Borrowing may not be a bad choice as long as it is done smartly. Do not opt for any… Read More »

While a personal loan may be an easy solution to borrow money in an emergency, it is important to understand their dark and deceptive nature as well. While these loans can be raised within a short notice period, they also draw huge amounts of interest along with a host of charges. The processing fee while… Read More »

1) Keep a watch on penalties an charges: If you decide to repay your interest amount at an earlier date, make sure to keep note of the charges being levied on you by the organization for pre – payment of dues, as in many cases, it can amount to as high as 2% of the… Read More »

In order to encourage savings, the Government of India has come up with a lot of initiatives where you can tax breaks on certain financial investments under Section 80C of the Income Tax Act. Provident Fund and Voluntary Provident Fund: The Pf or the VPF amount is deducted directly from your salary and contributes towards… Read More »

With the rise in interest rates, the auto loan industry is also in the set back, Feeling the pinch of the credit crunch, most car dealers are beginning to fear that since,80-90% of most cars in the market are being organized through personal loan. The RBI repo rate cut has already prompted some degree of interest… Read More »

Are the rising costs of education bothering you? Do you worry more about your child’s educational expenses more than anything else? While education can be an irreplaceable investment in the lives of our children, it has also become a major reason for worry due to the escalating cost of financial burden it brings with it.… Read More »

With the rise in inflation and interest rates, most parents find it very difficult to save their left over finances, finances which are in hand after the EMIs and interest amount has been paid. They find it difficult to save their funds since they require finances for their daily expense. So the idea about securing your… Read More »

This order has been issued by the High court, where you financiers are in a position to cease your vehicle if you have not been paying your EMIs and eventually have defaulted on your car loan. The High Court had to listen to go through 21 hearings of GE Capital Transportation Financial Services Ltd against… Read More »

The term ‘affordable ‘ is a relative concept . It varies from person to person, and is based as much on perception as on purchasing power. Ideally, from a realtor’s perspective, ‘affordable’ could mean a home costing around Rs 8 lakhs. Now, to build a house at this cost, including registration and deposit expenses, a… Read More »

The SBI Ezee Car Loan Scheme offers car loans at 8% per annum for the first year and 10% for the second and third years. The EMI (equated monthly instalment) on a car loan will be as low as Rs 1,559 in the first year and Rs 1,647 in the second and third years for every… Read More »