Do we not wish to own our dream home or dreamt this some time in our life.

The biggest dream for most of us and once in a lifetime decision for the majority, we keep wondering how to arrange for the finance required for the same.

Our only solace in such situations is a home loan which would help us in living our dream today and to enable us to enjoy the feeling of pride that owning a house brings.

The biggest worrying factor in a home loan is that the loan tenure runs into several years and we end up spending a major part of our productive life repaying the same. Hence, choosing the right home loan provider is as important as choosing the right home.

With many home finance companies offering loan at tempting interest rates, we may tend to make a wrong decision on choosing the home finance company. It is imperative that we make the right decision in choosing a home loan company which can add value to our home loan process, since a wrong decision can have far reaching implications on your life.

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For over half a century now, investment in PPF under the Public Provident Fund  Scheme, 1968 has been a favourite savings avenue for several investors and is still standing tall.

It is one of the most popular small savings schemes, and why would it not be. After all, the principal and the interest earned have a sovereign guarantee and the returns are completely tax-free.

It offers a return of 7.80 per cent per annum (of course subject to change every three months). For a tax assessee in the highest tax bracket at 30.90 per cent, it translates to nearly 11.28 per cent taxable return. Surely, we can’t think of many taxable investments which provide such high pre-tax returns.

In terms of income tax implications, they also qualify for E-E-E (exempt, exempt, exempt) tax category, which means you are not liable to pay tax at all three levels – investment, earning and withdrawal.

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Buying a new car is always a thrilling experience. What makes it more attractive is that it is relatively easy as compared to earlier times, thanks to the various car loan schemes offered by different banks and financial institutions.

A new car would always be a prized possession but it is an expensive possession too, more so if it has been purchased through a financing scheme. The age-old adage that “knowledge is powerful than money” holds good here than anywhere else to make informed financial decisions with some research done on a few factors like the car loan interest rates,  the minimum processing fees etc., which would help in getting the best out of your finance.

With financing company representatives generally available inside the car dealer’s showrooms, getting a loan for financing your car purchase may seem relatively a cake walk. But what you need to understand is that a debt-is-a-debt-is-a-debt, and hence a better understanding of the car loan options will help you in saving more on your debt.

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