- The Best Ways to Borrow Money
Borrowing money can help in times of financial need, but not all methods are equal. This guide highlights the cheapest, fastest, and riskiest options, helping you choose wisely based on your situation.
Cheapest Ways …
Topic: Debt Advice | Read more
- The Best Ways to Borrow Money: Cheapest and Fastest Options
Cheapest Ways to Borrow Money
Personal Loan from a Bank or Credit Union
Pros:
Lower interest rates, especially for good credit (690+).
Discounts for existing customers.
Financial advising and flexible payment …
Topic: Debt Advice | Read more
- 10 Types of Business Loans
Whether you're starting a business, expanding operations, or managing cash flow, there’s a loan tailored to meet your needs. Here's a breakdown of popular business loan types, their benefits, and ideal use cases:
1. Te…
Topic: Debt Advice | Read more
- Tips and Experiences for Constructing Your Own Home??
Building your home can be a rewarding but challenging experience, especially when managing costs by purchasing raw materials directly. Here’s a consolidated guide based on shared experiences and professional advice:
…
Topic: India Money Advice | Read more
- Guide to Base Cover + Super Top-Up Health Insurance Policies?
This research offers an in-depth analysis of health insurance options in India, focusing on base cover and super top-up policies. It evaluates plans based on coverage, cost, claim ratios, and other key features.
1. K…
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- Guide to Assessing a Bank's Riskiness for Your Deposits?
Key Metrics to Evaluate a Bank’s Stability:
Capital Adequacy Ratio (CAR):
Measures a bank’s ability to absorb losses.
Formula:
[ \text{CAR} = (\text{Capital Reserves + Shareholder Funds}) / \text{Risk-Weighte…
Topic: India Money Advice | Read more
- Beginner's Guide to Investing in the Bond Market and Debt Mutual Funds?
Bonds and debt mutual funds provide a low-risk, stable investment option and help reduce overall portfolio volatility. Here’s a beginner-friendly breakdown:
1. What is a Bond?
Definition: A bond is a loan given by an …
Topic: India Money Advice | Read more
- Beginner's Guide to Investing in the Stock Market and Mutual Funds?
1. Start with a Goal
Identify why you're investing:
Generic goals: "To build wealth" or "Save for retirement."
Specific goals: "Buy a home in 10 years" or "Save for children’s education in 20 years."
Goal Duratio…
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- Calculating Term Insurance and Choosing the Right Plan?
1. How to Calculate Term Insurance:
Monthly Expenses Formula:
Multiply monthly expenses by 200 to calculate the term insurance amount needed.
Example:50,000 monthly expenses50,000 × 200 =1 crore coverage.
This …
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- Odds of Getting Scammed While Buying Property?
Common Risks:
Fake ownership claims.
Selling disputed or encumbered properties.
Unaccounted payments leading to loss of legal standing.
Misrepresentation of property details (e.g., amenities, approvals).
Structural or…
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- Finance Tips for Young Salaried Professionals?
Prioritize Term Life Insurance:
Opt for a vanilla term life insurance policy with coverage of50 lakhs to5 crore, based on your affordability.
Buying early locks in lower premiums for the rest of the term.
It's for fin…
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- Building a Cost-Effective Dream Home
Building your own home offers freedom and customization that flats cannot, but it requires careful planning and smart cost-saving techniques. Here’s how families have achieved spacious, personalized homes at a fraction …
Topic: India Money Advice | Read more
- How to Compare Pure Term Life Insurance Policies
When choosing a pure term life insurance policy, focus on the essentials that align with your needs. Here's a step-by-step guide:
1. Understand Pure Term Insurance
Definition:
A policy offering financial protection …
Topic: India Money Advice | Read more
- When Will Banks Stop Fleecing Us?
1. Rising Charges on Basic Banking Services
Banks increasingly charge for formerly free services, such as deposits and withdrawals after a set limit.
Customers face frequent and arbitrary increases in fees, often wit…
Topic: India Money Advice | Read more
- CIBIL: A Simple Guide to the Credit Score System
This post by Subra sheds light on the credit scoring system in India, highlighting its flaws and implications for the common person. Here’s a summary of the main points:
1. Credit Score: Not Always a Tool for Help
Pur…
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- A Simple Guide To Recurring Deposits (RD)
A Recurring Deposit (RD) is a popular investment option in India, allowing individuals to deposit a fixed amount monthly and earn interest over a predetermined tenure. Here's a comparison of RD interest rates offered by…
Topic: India Money Advice | Read more
- NPS vs PPF: Which is Better for Investing?
When planning for retirement or long-term savings, National Pension Scheme (NPS) and Public Provident Fund (PPF) are two of the most popular government-backed options. Both have distinct features and benefits tailored t…
Topic: India Money Advice | Read more
- Credit Cards with Low Interest Rates
Low-interest-rate credit cards are ideal for those who prefer to carry a balance on their credit cards or plan to make expensive purchases. Typically, interest rates between 1.5% and 2.99% per month are considered low. …
Topic: India Money Advice | Read more
- Car Loan Interest Rate Comparison for 2024
| Bank Name | Interest Rate (p.a.) | EMI for1 lakh (7 years) |
|-----------------------------|-------------------------------|-----------------------------------|
| State Bank of India |…
Topic: India Money Advice | Read more
- Home Loan Interest Rates of Banks in India
| Bank | Starting Interest Rate (p.a.) | Processing Fees |
…
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