Reverse Mortgage Loan

When you retire, the routine of a hefty salary credit to your bank account at the beginning of every month comes to an abrupt end. You have purchased a pension plan but that pension is merely a fraction of your last salary. Inflation seems a much bigger demon now. The ability to recover from unplanned… Continue Reading

Gold Loan — Unlocking Cash for Emergency Needs

Consider these two scenarios. You quit your job to start a business and need an instant loan. It is unlikely that you will get a quick loan from banks. There are many banks that offer personal loans instantly. However, this facility is available to customers with high income levels and good credit history. You just… Continue Reading

Loan against PPF Account

You are looking for a small loan of Rs 1 lacs for purchasing new furniture for living room of your new house. The first thing that comes to mind is a personal loan. But you are aware that personal loans are quite expensive. The interest rates can vary from 14% to 18% p.a. or even… Continue Reading

6 Factors to Consider While Taking Car Loans

You have been planning to buy a car.  In fact, you have been looking to buy one ever since you finished college. You have also accumulated money for down payment. And have been planning to take loan for the remaining amount. In this post, I will discuss a few things that you should keep in… Continue Reading

The Curious Case of 0% EMI Schemes

You were shopping for the latest sofa designs on a leading furniture website. When you moved to payment page after finalizing the product, you saw 0% EMI option on the payment page. On selecting the option, you saw names of a few finance companies with the offer details. You noticed none of the offers was… Continue Reading

9 Things to Consider before Availing Personal Loan

These days, it is not uncommon to find at least one e-mail per day about instant or pre-approved personal loan in your mailbox.  The creative teams at banks can actually make you feel that the offer has specifically been customized for you. Do not fall for the attractive advertisement. You must avoid personal loans to… Continue Reading

Caveats with Assured Return Schemes in Real Estate

Everyone wants to purchase their dream house. The demand for residential property is not just limited for own use. A number of people invest in real estate to gain from appreciation in prices. However, despite the comfort most people have with real estate investments, most developers are running high inventory of unsold flats or apartments.… Continue Reading

Home Loan: How to Reduce Your Interest Burden?

Home Loan EMI is perhaps the biggest monthly expense item for a number of people. EMIs typically comprise 35-40% of take home salaries of individuals. With such high EMIs, very little is left to invest for other financial goals. To purchase their dream house and to keep their EMIs affordable, people go for long tenor… Continue Reading