Should I PrePay My Personal Loan?

Personal Loans are loans taken to meet any type of personal expenses e.g. medical, marriage, family function, education, vacations, travel, home purchase, improvements etc. No security is needed but qualifying criteria is stringent and banks are more than happy to entertain qualified individuals with minimal paperwork. Is Prepaying A Personal Loan A Good Idea? Personal […]

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Personal Loan – A Debt Trap

In the current scenario when inflation is at its peak the middle class is going to be in the soup. They need to be aware of many ways in which they have to maintain their basic standard of living, for which people fall into the trap of debt. The most common and easily available,loan,to for […]

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Budget Wishlist For 2010

I AM at it again making pre-budget wish list for this year’s budget. Given the background behind the forthcoming budget and realizing that the Finance Minister has little to give away by way of financial sops I am going to be a little circumspect about my wish list from this budget. The biggest expectation is […]

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Financial Checklist

It is said that If we all perform our duties meticulously then we are surely on the path of prosperity. Every individual should be aware about his or her duties towards family members, relatives, friends, and society. In addition to social responsibilities, it is imperative that every individual should also have basic financial literacy. To […]

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Demystifying Rates

What has the RBI done? On Saturday, November 1 2008 the RBI cut CRR by 100 basis points (50 bps effective October 25 and 50 bps effective November,to 5.5%. Further the repo rate was reduced by 50 bps to 7.5%. It also cut banks’ statutory liquidity ratio (SLR) by 1 percentage point to 24 percent […]

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Loan Against Property 101

Loans,against property (LAP) are also commonly known as mortgage loans.,It’s a type of,loan,where a property is mortgaged to acquire a loan. If one needs money to meet one’s short term requirements, one can opt for a LAP because it’s cheaper than personal loan. To begin with, personal loan interest rates are in the range of […]

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How Important Is Budgeting For Your Car?

Budgeting for a car is as important as budgeting for any other activity. Here are some pointers that will come handy when you decide to buy a car, old or new. The first step is to work out your expenses; and then the savings. Check how much you can save up for your car. When […]

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Build Your Credit History Or A Credit Card

If I am first time applicant as I have just joined the work force, how can I have a history? Questioned my colleague Shweta. This took me by surprise early morning. So which history she was referring to? I just shook of my head and quipped Credit history? She said yes. And she is right […]

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CIBIL Transunion Score & Get Should You Pay Rs. 450 For It ?

There has been plenty of coverage on the availability of CIBIL TransUnion Score directly to the consumer for Rs. 450. For those of you who are wondering what the hulla ballu is all about  here is the low down. I think most readers are aware that Credit Information Bureau of India Limited (popularly called CIBIL) […]

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