CRED Mint: An Investor and a Borrower Perspective

CRED, a fintech player that simplifies credit card bill payments, has launched a product CRED Mint, where CRED members can earn up to 9% per annum. This is how it works. You invest your money in Cred Mint. The product is powered by LiquiLoans, a P2P-NBFC player regulated by the Reserve bank of India. Your… Continue Reading

Should You Prepay Your Home Loan or Invest?

You got your annual bonus. You have a home loan too. What should you do? Use the bonus (lumpsum) amount to repay the loan OR Invest the amount in the hope that you will earn a higher post-tax return than the post-tax cost of home loan There is no black and white answer. My stance… 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

Should You Buy a Second House Using Home Loan?

Real estate is expensive in India, at least in major cities. It is difficult to purchase a house without a loan. And it takes many years to repay the loan. Despite all this difficulty, the desire for house does not end here. For the fortunate few who have been able to purchase their first house,… Continue Reading

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