All You Need to Know About Loan Against Property

You need Rs 20 lacs to fund a wedding in the family. You approached a few friends/relatives for help. They chipped in but you are still Rs 15 lacs short. You approached a few banks and NBFCs. However, your requests for a personal loan of Rs 15 lacs were politely declined, primarily because you are… Continue Reading

Ways to Generate Regular Income During Retirement

As you start your retirement, you will need to replace your salary with another source of regular income. If you have been part of a defined benefit pension scheme or have been investing in a pension plan during your working years, you will not feel as much pinch. Those who have not purchased a pension plan… Continue Reading

Financial Planning for Self-Employed

Being self-employed gives you the freedom to work on what you want and how you want. You don’t have to deal with a rude boss and frustrating office politics. You may get to choose your work timings. Till now, everything sounds good. However, self-employment can bring its own set of unique problems. There is no… Continue Reading

Another Reason Not to Opt for HLPP

I got an e-mail from one of the regular readers at EMICalculator.net. He brought to my notice an aspect I had failed to cover in my earlier post on Home Loan Protection Plans (HLPPs). Case Summary His father had taken a loan of Rs 8.95 lacs for a tenor of 17 years from a leading… Continue Reading

All You Need to Know About Sovereign Gold Bonds

Have you felt the need for gold in your investment portfolio? If you have not, you need to think again. Gold is a physical asset, is globally priced and can be a good hedge against high inflation and rupee depreciation. Even though gold is a speculative asset, it deserves a small part in your investment portfolio… Continue Reading

You Do Not Need Life Insurance During Retirement

Ramesh is 45 years old. He has read enough about importance of purchasing an adequate life cover. Till now, he has relied on traditional life insurance plans for life insurance. He had never given any serious thought to purchasing life insurance. Even these traditional life insurance plans are more a result of hectic tax-planning than… Continue Reading

Top Credit Card Mistakes to Avoid

Credit cards are easily available these days. The banks keep chasing customers with attractive offers (or so they say) on their credit cards. Personally, I am not against credit cards. If you use your credit cards judiciously, you can save a lot of money. You get an interest free credit period of up to 52… Continue Reading

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