This Diwali, Set Your Personal Finance Basics Right

Diwali is here. The festival of lights. Time for a vacation, family get-togethers, sweets, and bright crackers and fireworks. This is also a good time (just like any other day on the calendar) to review and throw light on shortcomings in your financial planning. To see if you have got your personal finance basics covered.… Continue Reading

Which is the Best Life Insurance Company in 2022?

You want to buy a term life insurance plan. How would you select a life insurance company? You would want to go with the “Best Life Insurance Company”. Wouldn’t you? And for that, most of us would look at the claim settlement ratio of the various insurers. Higher the better. IRDA recently released the annual… Continue Reading

5 Financial Resolutions for the New Year

It is a new year. A chance to look back at how the past year went by. Achievements, setbacks, things that went right and what could have been. And an opportunity to welcome the new year. Make new resolutions and set out to achieve with loads of optimism. We will leave your life resolutions to… Continue Reading

Which Is the Best External Benchmark Loan?

All the banks linked the new retail floating rate loans to an external benchmark from October 1, 2019. In my opinion, that makes the comparison between various home loan products easier. Most of the banks have chosen Repo rate for the external benchmark for home loans. Earlier, benchmark MCLR (Marginal cost of funds-based lending rate)… Continue Reading

Easy Loans Can Make Your Life Difficult

Getting loans is easy these days, especially if you are salaried and have the right credit profile. And there are loans available for everything. You can easily get loans for travel, home renovation, wedding, medical treatment or anything under the sun. You can get these loans quickly too. A few platforms claim to provide loans… Continue Reading

Taking a Loan to Pay Your Insurance Premium?

We know that insurers provide loans against insurance policies. Therefore, if you have a traditional insurance policy and need short term funds, you can approach your insurance company to offer you a loan. The maximum loan amount is 80-90% of the prevailing policy surrender value. If you can’t repay the loan, the insurance company can… Continue Reading

Things Can Go Wrong — Accept and Plan for It

A chain is only as strong as its weakest link. Similarly, your financial plan is only as good as your financial ability to handle a crisis. Why? Because things go wrong. Recently, Jet Airways shut down its operations indefinitely. Even before the shutdown, there were news about employees not being paid salary for months. Now… Continue Reading

HDFC Bank: Loan for Professionals

It is not very difficult to get a personal loan if you are a salaried employee. Not so easy for others. There are professionals who started their practice a few years back and need a loan to expand their practice, redo their office or anything else. For such professionals, there are specific loan products to… Continue Reading