Finance

February 20, 2020 0 comments

Factors That Affect Personal Loan Interest Rates & Everything You Need to Know

Personal loans have gained popularity in the last few years and become a customer favourite owing to their easy disbursal process, minimal documentation, and speedy approval rates. Interest rates play a crucial role in any type of loan and decide the total cost of borrowing. Unlike other loans like education loans, home loans that have…

February 19, 2020 0 comments

Here are 5 Ways How You Can Maximize Your Returns on SIPs

SIP (systematic investment plan) is a method through which people can invest in mutual funds. It is a simple plan through which one can invest a fixed amount of money at fixed intervals or variable duration of time (depending upon the type of scheme) into a mutual fund policy. Rather than putting a huge amount…

February 10, 2020 0 comments

GST and Its Impact: Is The Law Good, Better, or Best?

In a historic move, the government of India passed the Goods and Services taxes bill on 1st July 2017. It replaced multiple existing taxes imposed by state and central governments. GST in India was needed for quite some time. The first announcement of the bill was made in the 2006-2007 budget by then Union Minister. …

February 6, 2020 1 comment

Here’s All That You Need to Know About a Personal Loan for Low CIBIL Score

A personal loan is an unsecured loan you can avail to address financial emergency situations like payment of medical expenses, travel costs, home renovation expenses, education fee and others. Such type of loan is approved on the basis of your creditworthiness that is measured by checking your credit score. Lenders in India check on credit…

January 21, 2020 0 comments

5 Signs That You are Ready for An Early Retirement

Are you ready to retire from the daily grind of your stressful nine to five job? How do you know that you are prepared to say goodbye to your office desk, to your co-workers and your boss once and for all? Well, there are certain parameters and benchmarks to consider in order to figure out…

January 20, 2020 0 comments

How Does the 3 Year Lock-in of ELSS Compare to Other Tax Saving Instrument?

Investing is the smartest way to deal with surplus cash. Even for regular office-goers investing in a mutual fund scheme makes so much more sense because it increases their chances of creating wealth. Over the past years, mutual fund investment schemes have proven to fetch higher returns as compared to traditional investment options like Public…

January 20, 2020 0 comments

5 Key Benefits of Investing In Mutual Funds

If you are someone looking for a financial product where you can invest your savings without having to devote a lot of time and energy, mutual funds are your answer. Mutual funds are a passive way to invest in the capital market, which could be equity, commonly known as stocks; or debt, known as bonds.…

January 16, 2020 0 comments

Cover Wedding Costs with Personal Loans

Marriages are made in heaven. But the big fat Indian weddings are made with a lot of money as well. The grandeur which is being associated with weddings is the trend with people ensuring each aspect of their big day is perfect in every sense. People in our country save for years for weddings in…

January 11, 2020 0 comments

Five different types of mutual fund SIPs

Mutual funds can be an effective market-linked investment option for investors among the many available alternatives in the finance market. They offer dual advantage of generating wealth in the long run while helping to save tax. Systematic Investment Plans (SIPs) are considered as an efficient way to invest in mutual funds. They allow you to…

December 31, 2019 0 comments

Difference between normal FD and tax saving FD

Most Indians invest with two purposes in mind: build wealth for the future and save on the income tax liability. A fixed deposit is one of the most popular instruments for the first purpose – it keeps your capital safe while also guaranteeing a healthy return on investment. A variation of fixed deposit is tax-saving…

December 30, 2019 0 comments

How Good CIBIL Score helps to Get Personal Loan Approved?

A personal loan is one of the easiest ways to get a decent amount of money to see you through a bad patch or to spend on planned expenses. If you can provide your lender with minimal documentation about income continuation and have a good credit history and score, you become an ideal candidate for…

December 27, 2019 0 comments

How PFMS Scholarship is useful for students

The full form of PFMS is Public Financial Management System. The is a social security scheme which is started by the Government of India to check the growth and development taking place in the social sector. PFMS provides scholarships to many students, whether they are in college or school. Some of the scholarship schemes initiated…

December 14, 2019 0 comments

Some Simple Retirement Products Suitable For Most Savers

Many of us tend to think of retirement planning as a very distant event. Especially for those of us who are in our 20s and 30s, we do not feel a pressing need to start saving for our retirement. But financial planning is vital for a secure and stable financial future. The earlier we begin,…

December 14, 2019 0 comments

Is Education Affordable Today, and will it be years from now?

Education costs across the world are soaring at an alarming rate. Be it secondary education, higher secondary or a professional degree, the cost of education is at an all-time. To give an example, the price of education in pre-schools and nursery in metropolitan cities is around Rs.1-1.5 lakh. This cost could rise further in the…

November 27, 2019 0 comments

Govt. approves Rs.25000 Crore Plan for Stalled Housing Projects

Our country has witnessed the development of housing projects at a faster rate in the last few years. However, the occurrence of stalled housing projects was increasing at an alarming rate. To change this picture and encourage to the homebuyers, Government of India has made an exciting announcement in the first week of November 2019.…

November 27, 2019 0 comments

Know How a Decrease in Repo Rate Will Lower down Your Home Loan EMI

With the Reserve Bank of India reducing its repo-rate for the 5th consecutive time, and the new mandate for financial institutions to link their home loan interest rates to an external benchmark, housing loans have become much cheaper for borrowers. To understand how RBI’s repo-rate cut can affect payments of home loan EMI, it is first…

November 22, 2019 0 comments

Mutual Funds Investment Made Easy – An Innovative Approach

Individuals are always on the lookout for avenues to invest their hard-earned money. Taxes, increasing interest rates on loans, and inflation cause a reduction in the amount of money a person saves over the years. With savings bank interest rates falling as low as 3.5% to 4.5%, there’s not even beating inflation, forget about growing…

November 20, 2019 0 comments

What Makes Tax-Saving Exercise an Integral Part of Financial Planning?

“In this world nothing can be said to be certain except death and taxes,” is a famous quote by Benjamin Franklin. Surprisingly, it also holds true in the world of wealth creation. You invest in several financial instruments to get good returns and fulfill your life goals. You then later realize your capital gains are…

November 6, 2019 0 comments

How to Choose a Demat Account – 5 Great Tips

It is important to open a demat account to participate in the stock market. The account will allow you to hold shares in your custody in a dematerialized format. It is very similar to a bank account where you hold your money. You hold securities in a demat account. Before you open such an account,…