Finance

5 Handy Tips to Reduce Your Housing Loan Interest Rate

5 Handy Tips to Reduce Your Housing Loan Interest Rate

Finance
One of the most important considerations when selecting a lender for housing loan is the interest rate. Lenders in India offer housing loans at different interest rates. Moreover, the interest rate between two borrowers from the same lender often varies too. In this post, we’ll have a look at five effective tips which can help you reduce your Housing Loan Interest Rate. While there are a number of factors that should be taken into consideration when selecting a lender for a housing loan, the interest rate charged by the lender is one of the most important. Lenders in India offer housing loans at different interest rates and often the interest paid by two different borrowers from the same lender is different as well. You can negotiate the interest rate on your housing loan to get the be
Knowing all about Index funds and Why Invest in them

Knowing all about Index funds and Why Invest in them

Finance
An index mutual fund is typically based on the market indexes and gives a broader exposure as compared to other types of mutual funds that focus on specific industries. Keep reading this article to know more about these funds and how they work. Investments have always been one of the most popular ways of ensuring that you increase your wealth. When you invest in mutual funds, you are looking to put in a particular amount of money every month and getting good returns on the same over a period. Index mutual funds are a form of mutual funds that have low risk and steady returns over a period. Index mutual funds have been gaining recognition in the market because of its advantages over actively managed mutual funds. So, let’s break down what index mutual funds are and how they work! What
How Your Credit Card Can Save You Money

How Your Credit Card Can Save You Money

Finance
When many people think of credit cards, they think of ways to rack up debt. You swipe your credit card in person or online, and then promise to pay back that debt at some point in the future. For those who are in some kind of monetary trouble, that can lead to growing debts as you pay the minimum every month but don’t pay off the balance. However, credit cards don’t have to be as damaging as that. If you have control over your finances and a steady amount of expected income, you can actually benefit greatly from using credit cards. Even if you have the money on hand in cash, you could benefit from using credit cards instead. Credit Card Benefits Credit cards afford you benefits because they allow you to accrue credit. Credit is a rating system that analyses how you have accrued debt in t
Time to Debunk the Myths about Life Insurance

Time to Debunk the Myths about Life Insurance

Finance
It needs to be known that not everyone who buys life insurance sticks to it for the entire lifespan of the policy. The measure of how far a customer persists with a policy is often gauged by what is known as the persistency rate. In FY2016, the persistency rate in the Indian life insurance industry was at a dismal low of 61% in the thirteenth month, as per an article on Livemint. What this means is that after one year of a policy sale, only 61 out of every 100 policies were actually renewed. Such low levels of persistency often stem from some myths that are associated with these insurance plans in India. Let us explore these in detail. Common Life Insurance Myths Life insurance is expensive:If you have pulled out a calculator and worked out your term insurance premium, then you m...

Investment Companies – What Do They Do to Make Their Client Money

Finance
Investment companies help their customers make more money with their expertise and professionalism. They collect the pooled funds of their customers and invest them in securities that match their unique financial goals. They help investors with a broad range of investment options that are diverse and safe better than the ones they could have managed themselves. Investment companies help their clients manage pension plans, mutual funds, hedge funds and more. They earn their income or revenue by charging their customers with commission or service fees. Advantages of investment companies for clients to make more money Investment companies provide their clients with more diversification as they have a broad range of resources over the individual choosing on his or her own. When assets ar...
Key Benefits Of Store Credit Cards For Bad Credit

Key Benefits Of Store Credit Cards For Bad Credit

Finance
Most often people relate trouble with credit cards but they can be rather useful if they are used appropriately. In fact, store credit cards for bad credit are particularly useful if you want to improve your overall credit score. A bad credit occurs when you are over thirty days late on the payment of the loan, mortgage payments, charge cards, unpaid medical bills or have a legal judgment against yourself like child support or any other lawsuits. People who have bad credit have option of three kinds of credit cards available namely prepaid credit cards, secured credit card and unsecured credit card. Each one of them has its own benefits. Store credit cards for bad credit is a great way for people to re-establish or establish their good rating of credit. Listed below are a few benefits o...
Know about FREECHARGE: The Wonder Digital Payment System

Know about FREECHARGE: The Wonder Digital Payment System

Finance
FreeCharge is one of India’s top-notch eCommerce website, which has its headquarters in Mumbai, Maharashtra. Established in the year 2010 by Sandeep Tandon and Kunal Shah, this phenomenal initiative has managed to garner immense popularity all across the globe.  The people throughout the world are saved from standing in long queues to pay bills through the conventional disbursement procedures. Day-to-day chores like meeting expenses and making recharges have really never been so easy and convenient. Have you ever given a thought that while there are so many digital payment applications, how and why FreeCharge acquired such widespread recognition? Well, there are some valid reasons behind this and they are mentioned below in brief. Reasons contributing to the Popularity of FreeCharge
Enhancing Your Portfolio: Combining Long-Term Appreciation with Short-Term Income

Enhancing Your Portfolio: Combining Long-Term Appreciation with Short-Term Income

Finance
Ever since the dot-com crash of 2000 and the subsequent housing bubble in 2008, modern investors have been trying their best to avoid disastrous losses and unnecessary risks, even if it means missing out on potentially life-changing ventures. The utopian vision of sky-high returns has effectively been subverted by a complacent investment mentality that places the onus on preserving what you have instead of boisterously pursuing growth and appreciation. This type of attitude shift makes perfect sense during the aftermath of a financial disaster but it doesn’t hold any water once the markets start recovering to their previous levels. As the recovery from the 2008 crash has been relatively slow up until now, investors still have the ultimate opportunity to “buy low and sell high,” which has
How Can You Make Better Financial and Estate Investments Deals?

How Can You Make Better Financial and Estate Investments Deals?

Finance, Real Estate
Estate investments are essentially meant for the professional players of this field. That is factual. However, people who have already tried their hands in estate investing know well that one can easily get lucrative returns, if the investments are made well. As per the experts in the estate field, there are quite a number of ways to earn significant profits in the estate covenants. You can earn a handsome amount of profit, if you feel that the place where you have invested is quite profitable. For an apprentice in the field of estate investment, there are many pitfalls and challenges to encounter. Nevertheless, if he/she is able to take the chance and is conceptually prepared to bear the risk, there is definitely much to learn and a lot to earn. In the long run, however, when he or she h...
Finding Stability in Our Golden Years: Financial Freedom

Finding Stability in Our Golden Years: Financial Freedom

Finance
After working hard for decades on end, raising a family, and giving back to the community, our senior citizens deserve to sail off into the sunset and enjoy their golden years. The current cultural zeitgeist has embraced this concept, as the search terms “assisted living” and “senior living” have skyrocketed in recent years, tripling over the past decade relative to other care options. However, after accounting for the costs associated with retirement homes, medical care, travel, entertainment, and life in general, the essence of a relaxing retirement plan has been strained by exorbitant budgetary concerns. After all, financial consultants around the world have deemed it necessary to have approximately 50,000 pounds of income during each year of retirement, a number that causes many retire