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

Credit Card against Bank Fixed Deposit

You do not like taking credit and avoided any loans and credit cards thus far.  You would pay cash or use your debit card/net banking to make payments rather than using a credit card. Its a matter of choice. And a prudent financial habit too. Non-usage of credit cards takes away the possibility of overspending… Continue Reading

When Is It Foolish to Take a Personal Loan?

Personal loans are easily available. Many banks even claim to provide instant personal loans. You get regular email alerts that you have a pre-approved loan. And if you are planning a very expensive vacation, don’t think twice because the personal loan is yours for the taking. The picture is rosy. Your ego is bloated. Cost… Continue Reading

Loan Against Bank Fixed Deposit (FD)

Looking for a short term loan to fund an emergency in the family? Among various ways to raise short term debt, a loan against your existing fixed deposit might just be one of the quickest. In this post, I will discuss loan eligibility, interest rate and pros and cons of such loans. We will also… Continue Reading

10 Retirement Planning Tips

Planning for retirement is one of the most important financial goals for anyone. During your working years, you need to ensure that your lifestyle does not suffer during your retirement. Here are a few tips that you can use while planning for your retirement. 1. Set a CORRECT retirement corpus target. It is not easy to… 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

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

Introducing the All New Kisan Vikas Patra

The literal meaning of Kisan Vikas Patra (KVP) is farmer development bond. This name is a misnomer because any individual could invest in this instrument and not only farmers. The proceeds of the bond may be utilized for the welfare of the farmers. This small savings instrument, in its earlier avatar, was quite popular because… Continue Reading

An Introduction to Savings and Investments – Part 1

Managing your money involves optimising your earnings by planning your spending and investing your surpluses wisely. You can manage your spending and savings by budgeting for it and sticking to your budget. A Rupee saved is a Rupee earned. Saving involves certain amount of investment savvy for asset allocation to get optimum returns. There is… Continue Reading