Are you wary of buying an under-construction property? While under-construction properties are cheaper and offer greater potential for capital appreciation, such properties also come with an element of uncertainty. What if the builder fails to deliver the property on time? Or from what many buyers across the country have faced, the builder fails to deliver… Continue Reading
While all of us are staying at home amidst Covid 19 scare, all the expenses including the loan EMIs must still be paid. The salaried employees shouldn’t have much to worry, at least in the very short term since they will continue to get their salaries. However, a certain segment of self-employed, professionals, shopkeepers and… Continue Reading
It began with a small loan that you couldn’t repay on time. Then, you had to take another loan to repay the older one. Your spendthrift ways continued. You had credit cards and you kept making minimum payments and kept rolling over debt. Gradually, things started getting out of control. The high rate of interest… Continue Reading
It is a new year and it is raining new home loan schemes. LIC Housing Finance has launched 2 new home loan schemes in January 2020, “Pay when you stay” and “6 EMI waiver”. In this post, let’s find out about these schemes in detail. LIC Housing Finance: Pay When You Stay Home Loan Applicable… Continue Reading
Budget 2020 gave a choice to the taxpayers and a reason to rejoice to the tax accountants. As a taxpayer, you have the following two options. Take tax deductions and continue with the old tax regime Opt for the new tax regime and don’t take tax deductions As a taxpayer, this choice seems relatively simple.… Continue Reading
My current credit card expired recently and I was issued a fresh card by the bank. An interesting thing about the new card was the it permitted contactless transactions. Call me paranoid but I was not very comfortable with the contactless feature. I asked the bank to switch off the feature but the bank declined.… Continue Reading
The Finance Minister, Nirmala Sitharaman, presented the Union Budget 2020 in the parliament yesterday. In this post, let’s look at the highlights of the Budget proposal. We will look at the proposals from personal taxation perspective only. #1 Restructuring of Income Tax Slabs, Lowering of Personal Tax Rates and a Choice There is a major… Continue Reading
Credit card have a closer cousin, Charge Cards. Charge cards are not very common. As I understand, only American Express offers charge cards in India. To add to the confusion, American Express offers credit cards too. With respect to the usage, there is little to differentiate between a credit card and a charge card. You… Continue Reading
Online frauds are on the rise. Almost on a weekly basis, I hear new ways of customers being duped of their hard-earned money. Of late, the UPI frauds have been on the rise, where the fraudsters call/text you on one pretext or the other. You eventually end up installing malicious software on your phone or… Continue Reading
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