The Truth behind Pre-Approved Personal Loans

Ever received an e-mail about pre-approved loans from your savings bank or credit card issuing bank? Most of us will answer this question in the affirmative. The e-mail is typically about a pre-approved home loan or a personal loan. The frequency of such e-mails is quite high too. I get an e-mail from my credit… Continue Reading

Tax Benefits on Home Loans Are Overhyped

You have excess cash in hand from the last bonus you received and the fixed deposit that just matured. You have been thinking about how to use the funds. Your financial advisors that include your friends, doctor, lawyer and grocer have suggested that you take exposure to equity mutual funds. Your parents have advised you… Continue Reading

Common Insurance Mistakes You Must Avoid

Insurance is the first step in financial planning. Before getting your investments right, you must get your insurance portfolio right. If you get your investments wrong, you may still get another chance especially if you are young. However, if you get your life insurance wrong, there won’t be a second chance. If you get health… Continue Reading

How Do You Invest More?

In one of the earlier posts on Retirement Planning, I had discussed the importance of starting early, portfolio diversification and a few psychological investments to get you on right financial track. By starting early, you get the power of compounding behind you and your small (involuntary) contributions can result in a significant corpus by the… Continue Reading

Reverse Mortgage Loan

When you retire, the routine of a hefty salary credit to your bank account at the beginning of every month comes to an abrupt end. You have purchased a pension plan but that pension is merely a fraction of your last salary. Inflation seems a much bigger demon now. The ability to recover from unplanned… Continue Reading

ICICI Bank Home Safe Plus — A Review

When it comes to financial planning, everyone wants to leave behind an asset for their families. Nobody wants to leave behind a liability. And when it comes to your house, you want to ensure that your family inherits your house and not your home loan. Repayment of a home loan is a long term activity.… Continue Reading

Focus on Your Financial Goals While Planning for Taxes

As the financial year draws to a close, the hustle for tax-saving products grows stronger. The human resources department of your company is after you for proofs of tax-saving investments.  Last quarter of the financial year is anyways quite hectic. You are already under so much work pressure. Amidst that you need to find time… Continue Reading