Blog about Financial Education, Advisory & Planning
Should you buy properties at an e-auction? Here’s a checklist on what homebuyers should keep in mind before bidding for such properties from banks. Banks auction such properties in a final attempt to recover whatever value is outstanding to them. Most of the properties that are being auctioned are owned by borrowers against whom the …
The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …
Last month, the Finance Minister announced a spate of bank mergers. This consolidation will bring down the total number of public sector banks (PSBs) in the country to 12 from 27 in 2017. The question on everyone’s mind is how this will affect customers & what action customers need to take for a smooth transition. …
GIC Housing Finance Ltd (GICHFL) incorporated in 1989, is a housing finance company initially started with the name “GIC Grih Vitta Ltd” which was later changed to its present name in 1993. Promoted by General Insurance Corporation of India along with its subsidiaries National Insurance Co Ltd, The New India Assurance Co Ltd, The Oriental Insurance Co Ltd & …
I had purchased a property with a home loan sometime back. Currently I need some additional funds for additional expenses on the property. I have decided to take a top up home loan on my existing home loan. Top up home loans clearly outscore other loan options because they come with lower rates of interest …
One of the basic rules of making money in the stock markets is to ensure that you minimize your loosing bets. All your bets in the stock market will not work for you, but it is essential that all the hard work you do with your winning stocks don’t get eroded by a few dud …
A loan guarantor is someone who is legally liable to pay off the loan, in case the primary applicant is unable to do so. In addition, being a guarantor will not only make you liable to pay off the loan in case of a default, but your own borrowing capacity would reduce and your credit …
As a smart borrower make sure you are taking the loan for the right reasons. Don’t borrow just because the interest rate is attractive or you can claim tax benefits. Here are a few basic rules to keep in mind: Take on an EMI only if you can afford it: A smart borrower will never …
Owning your own house is every man’s dream. It is a necessity & nothing beats it if you can also save some taxes in the process. Buyers can claim income tax deduction on both the principal repayment & the interest payment under different sections of the IT Act. Tax Deduction on home loan Interest: (Section …
Be it your first job or the subsequent jump, most individuals are focused on the salary on offer. However, there are some non-salary benefits that one enjoys when he is employed. It makes sense to take into account these benefits also while choosing your next employer. These benefits may or may not appear in the …
Benefits you can get from your employer in addition to salary Read More »