How to Deal with a Recovery Agent?

I came across an instance in a Youtube video about how borrowers are harassed by recovery agents. A news organisation uploaded the video on their Youtube channel. Do note the media does not smell of roses and tends to sensationalize things. I have not independently verified the claims of the concerned media channel. Broadcast media… Continue Reading

EMI Moratorium Math Explained

22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. The Reserve Bank of India had announced a 3-month EMI moratorium as a Covid-19 regulatory package in March 2020. In a previous post, we discussed if you should opt for such a moratorium. The crux was that, if… Continue Reading

Changes to PPF Loan Rules

In an earlier post, we had discussed a quick and cheap way to get a loan, Loan against your PPF account. Even though the loan window is open for only a short period and the loan amount is not likely to be very big, a PPF loan is an option if you are looking for… 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

Need Funds? Selling an Asset vs Taking a Loan

You need money but you do not have cash readily available. What would you do? Let’s rule out borrowing from friends & family OR taking salary advance as options. Beyond these, you have two options. Sell some of your investments / Withdraw money from your investments OR Take a loan While selling investments is easy… 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

Look for These Signs of Debt Trouble

Recently, I read an excellent article from Uma Shashikant about the signs of a person battling with debt. Remember, the person who is in debt trap or nearing one may not tell you if that’s the case. However, if you see such signs and realize that your friend or family member is struggling with debt,… Continue Reading