Who does not like to get things for free? Credit card reward points is a case in point. Many of us accumulate huge reward point balances either due to inertia or wait to use those points in the best possible manner. If you belong to the this category of card holders, you need to appreciate… Continue Reading
In an earlier post, we had discussed a quick and cheap way to get a loan, Loan against your PPF account. Even though the loan window is open for only a short period and the loan amount is not likely to be very big, a PPF loan is an option if you are looking for… Continue Reading
ICICI Bank has recently launched a car loan product ”Smart EMI” in association with TranzLease (TZL), an automobile leasing company. The loan facility is currently available for corporate and salaried customers. The Smart EMI car loan takes care of the insurance and maintenance of the car too. i.e., you do not have to pay anything… Continue Reading
You invest Rs 1 lacs per annum for 10 years. You would get Rs 2 lacs for 10 years from the end of the 11th year. Is this a good investment or a bad investment? I advise many investors on their portfolios. Many of them have purchased poor investment products but they are still happy… Continue Reading
Should you stay on rent or buy a house on loan? Many of us think of house rent as a waste of money. A common refrain is, “You are already paying so much rent. Why not adding some money and pay the EMI? After a few years, you will also own this house.” In my… Continue Reading
I came across an interesting case in a business daily a few weeks back. A consumer forum bench directed ICICI Bank to pay Rs 55,000 to a borrower. Here is how this happened. The borrower signed up for a home loan of Rs 30 lacs for 10 years from ICICI Bank in 2006. The loan… Continue Reading
You are struggling with your loans and credit card debt. And you don’t have just one loan. You have quite a few. Your cashflows don’t permit you to attack all of them at once. At the same time, you don’t want to let your cashflows affect your credit score in a big way. To put… Continue Reading
A Loan against Property can take two forms — A Term Loan or an Overdraft Facility. What Is the Difference? In a term loan, the entire amount will be disbursed upfront. You will pay EMIs on the loan for the duration of the loan. You will have to pay interest on the disbursed amount even… Continue Reading
The great Indian festive season (that started in August) just got over with Diwali. Be it a house, vehicle or a gadget, you can get good deals on all the products that you have been planning to buy for a long time during festive seasons. The sellers and the banks/finance companies can provide you relief… Continue Reading
Online shopping is getting increasingly popular these days. There is convenience, variety and yes, discounts. Moreover, these online retailers keep running offers on various credit cards. As a buyer, even if you don’t like to use credit cards, you wouldn’t want to let go of easy discounts or the No-cost EMI option. Despite your dislike,… Continue Reading