Time Value of Money — For Kids

When I was kid, a friend made me a hypothetical proposition. He told me he would give me a Maruti 800 car every day (guess that was the fanciest car both of us were aware of at that age and time). In return, I would have to give Re 1 on the first day, Rs 2… Continue Reading

Should You Opt for Medical Loans?

You have a medical emergency in a family and need funds to settle a hospital bill. You have tried other options but those have not materialized. You are planning to take a personal loan. A friend tells you about the concept of medical loan. You are told that the interest rate on a medical loan will… Continue Reading

7 Ways to Use Annual Bonus Wisely

Expecting a hefty annual performance bonus? It is the time of the year many of us start getting excited about the salary hikes and annual bonuses. Not everything is in your hands but the anticipation and excitement is palpable. There is much time spent in cabin gossip over a cup of coffee speculating over the… Continue Reading

What Happens If You Default on Your Loan?

When you take a loan, you take a responsibility to repay it too. And it may happen that you may struggle to repay the loan. The reason for non-repayment could be many, ranging from loss of job and improper financial planning to poor health, disability or even demise of the borrower. In extreme cases, you could end… Continue Reading

How to Use Credit Card Reward Points Smartly?

There are typically three types of benefits that you get when you transact using a credit card. Upfront discount Cashbacks Reward points & miscellaneous benefits (fuel surcharge waiver, airline miles etc.) The benefits for spending on a credit card might take on many other forms too. However, I believe it will fall into one of… Continue Reading

Loan Options When You Have a Poor Credit Score

With the increasing reliance on credit scores during the loan approval process, it is not difficult to understand that it is difficult to get a loan if you have a poor credit score. If the reasons behind the low credit score are genuine but temporary, you can perhaps try explaining the cause to the credit institution… Continue Reading

How to Apply for Loan against LIC Policy Online

In an earlier post, I had discussed how you can take loan against your LIC policy to take care of loan requirement. I had also discussed certain aspects as your loan eligibility and the applicable rate of interest for the loan.  You can read the various aspects of loan against LIC policy in this post.… Continue Reading