- I need aLoan
- I need anInsurance
- I needInvestment Options
...to buy/construct a house or a flat
Home Loan is the best and cheapest option for financing your home.
In case of you have additional funds requirement Loan Against Property, is another option where you can mortgage your existing property, if any.
Gold Loan & Loan Against Securities are other options to look at as these are secured loans where you are pledging your Gold or Investments.
A relatively costlier option would be an unsecured Personal Loan Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
...to buy plot of land
Plot loan is the best option for buying plot ONLY, whereas Home Loan is a cheaper option if you are buying a plot and constructing the house, BOTH.
In case of additional funds requirement, Loan Against Property is another option where you can mortgage your existing property, if any.
Gold Loan & Loan Against Securities are other options to look at as these are secured loans where you are pledging your Gold or Investments.
A relatively costlier option would be an unsecured Personal Loan Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
In case of additional funds requirement, Loan Against Property is another option where you can mortgage your existing property, if any.
Gold Loan & Loan Against Securities are other options to look at as these are secured loans where you are pledging your Gold or Investments.
A relatively costlier option would be an unsecured Personal Loan Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
...to switch to a cheaper Home Loan
If you are paying a high rate of interest, switch your Home Loan to a new lender.
...to purchase a car - new or old
Car Loans, are the best option where your car is provided as a security and interest rates are attractive.
To fund your down payment requirement you can consider Gold Loan and Loan against Securities as these are secured loans where you are pledging your Gold or Investments and are cheaper than the Personal Loan.
Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
To fund your down payment requirement you can consider Gold Loan and Loan against Securities as these are secured loans where you are pledging your Gold or Investments and are cheaper than the Personal Loan.
Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
...to fund my Business
Gold Loan and Loan Against Securities are best options to look at as there are secured loans where you are pledging your Gold or Investments and these loans are reasonably priced and easy to get.
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards for this purpose as interest rates are quite high.
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards for this purpose as interest rates are quite high.
...to fund my Holidays
Gold Loan and Loan Against Securities are best options to look at as there are secured loans where you are pledging your Gold or Investments and these loans are reasonably priced and easy to get.
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards for this purpose as interest rates are quite high.
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards for this purpose as interest rates are quite high.
...to fund my Medical Emergencies
Gold Loan is the best option as it is available in hours at good rates as there are secured loans where you are pledging your jewelery. Loan against Securities is another option as these are secured loans against peldging of your Investments and these loans are reasonably priced and easy to get.
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards, except as a last resort, for this purpose as interest rates are quite high
You can also consider Loan Against Property where you mortgage your existing property, if any.
If you have no security to pledge, you can consider relatively higher priced Personal Loan which is unsecured.
It is advisable that you do not borrow on credit cards, except as a last resort, for this purpose as interest rates are quite high
...for children education - India or Abroad
The best option is Education Loan for study in India or abroad. It is way cheaper than other means to borrow and it also comes with moratorium period during which interest is calculated but not collected and principal repayment begins after the course period is over.
To meet the deficit, you can take unsecured Personal Loan which is at a higher cost.
You can consider Gold Loan and Loan against Securities as these are secured loans where you are pledging your Gold or Investments and are cheaper than the Personal Loan.
Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
To meet the deficit, you can take unsecured Personal Loan which is at a higher cost.
You can consider Gold Loan and Loan against Securities as these are secured loans where you are pledging your Gold or Investments and are cheaper than the Personal Loan.
Besides, you can liquidate your Investments ( FDs, Equities & Mutual Funds) in case the returns generated are lower than the interest rate on your loans.
...on the event of death
You need to secure the future of your family in case of death against any financial liability, for childs future or any other financial goal you wanted to achieve. You should buy a Term Insurance policy as it is the cheapest form of Life insurance. You can also buy certain riders along with that policy to enhance your coverage. For these riders, you will be charged extra premium.
...for my childs future
Child Plans, ULIP Child Plans, Mutual Funds, PPF Account and Endowment plans are all options to consider.
If you want to save funds for your childs future, then ULIPs and Mutual Funds are good option where part sums are invested in equities and yield good returns in the long run. Then you can regularly invest in PPF which is a good initial start up for the child since the maturity is after 15 years and it is tax free. You can also go for Endowment plans as maturity dates here are predictable.
If you want to save funds for your childs future, then ULIPs and Mutual Funds are good option where part sums are invested in equities and yield good returns in the long run. Then you can regularly invest in PPF which is a good initial start up for the child since the maturity is after 15 years and it is tax free. You can also go for Endowment plans as maturity dates here are predictable.
...for my retirement
Pension plans, ULIP Pension plans, Mutual Funds and PPF
The corpus for retirement can be created by investing in Pension Plans, ULIP Pension Plans, Mutual Funds, PPF and New Pension Scheme etc. On retirement one can invest the accumulated amount in financial instruments like Immediate Pension Plans, Post Office Monthly Income Schemes and Senior Citizen Savings plans. You can get rental income by investing in property and regular monthly income by investing in Mutual Funds. But ideally planning should start now as it can not be done overnight.
The corpus for retirement can be created by investing in Pension Plans, ULIP Pension Plans, Mutual Funds, PPF and New Pension Scheme etc. On retirement one can invest the accumulated amount in financial instruments like Immediate Pension Plans, Post Office Monthly Income Schemes and Senior Citizen Savings plans. You can get rental income by investing in property and regular monthly income by investing in Mutual Funds. But ideally planning should start now as it can not be done overnight.
...for car accident & theft
Comprehensive Car Insurance is suggested as this provides coverage for car damage, third party liability and theft instead of only third party Car Insurance. You should also consider buying a personal accident policy which will cover you from permanent and partial disability, income replacement and accidental death benefits. You can take personal accident policy as a rider along with your Life insurance policy.
...for loan
You should cover all your liabilities in case of any unforeseen events. A regular Term Insurance gives the advantage over a Loan Cover Term Assurance as the sum assured remains constant through out the term of the policy.
...on hospitalization costs
Health Insurance reimbursement plans are important as they cover you for all the costs pertaining to your hospitalization. The costs covered under Mediclaim policies are your hospital bills including medicines and doctors fees. In addition to hospital bills and medicines, incidental expenses like special diet, commuting to the hospital and back, hospital stay with the patient become an additional burden on the familys financial resources. With hospitalization cash policy, you get certain amount paid on a daily basis for the number of days of hospitalization to cover all these expenses.
...for loss of income due to Critical Illness
Critical illness policies insures you against serious illness and pays you lump sum when it is diagnosed, thus taking care of loss of income it may lead to. There are riders of critical illness available with your core policy of Life insurance or you can take it as a standalone policy from General Insurance Company.
...for any disability due to an accident
Personal accident policy is a must in your portfolio since it gives coverage for permanent and partial disability, income replacement and accidental death benefits. You can take it as a standalone policy from General Insurance Company or as a Rider along with your Life insurance policy.
...for my childs future
Looking to invest for childs future?
If yes, then ULIP and Mutual Funds are good instruments where the monies are invested in equities since the need is long-term for children. PPF is a good initial start-up for the child since the maturity is after 15 years and it is tax-free.
Endowment plans could also be used since the maturity dates are predictable.
If yes, then ULIP and Mutual Funds are good instruments where the monies are invested in equities since the need is long-term for children. PPF is a good initial start-up for the child since the maturity is after 15 years and it is tax-free.
Endowment plans could also be used since the maturity dates are predictable.
...for my retirement corpus
The corpus for retirement can be created by investing in Pension Plans, ULIP Pension Plans, Mutual Funds, PPF and New Pension Scheme etc. On retirement one can invest the accumulated corpus in financial instruments like Immediate Pension Plans, Post Office Monthly Income Schemes and Senior Citizen Savings plans. You can get rental income by investing in property and regular monthly income by investing in Mutual Funds. But ideally planning should start now as it can not be done overnight.
...for old age pension
On retirement one can invest the accumulated corpus in Immediate Pension Plans, Post Office MIS, Senior Citizen Saving Plans, Rental Income by Purchasing Property, Mutual Funds, MIS etc.
...for emergency funding
You need to maintain a minimum of 6 months income in form of liquid or equivalents instruments. Fixed Deposits for smaller durations are a good option. Also you can choose to invest in debt mutual funds and keep a part of the amount in your savings bank account.
...to purchase of assets
Looking to buy an asset sometime in future?
You can save by investing in to a mix of equity and debt Mutual Funds. You can also buy a ULIP if the horizon is of more than 15 years. You may also choose to invest in Fixed Deposits depending on the time you are planning to buy the asset.
You can save by investing in to a mix of equity and debt Mutual Funds. You can also buy a ULIP if the horizon is of more than 15 years. You may also choose to invest in Fixed Deposits depending on the time you are planning to buy the asset.
...such as fixed deposits
Looking to invest in a safer option with fixed returns?
You can investing in Fixed deposits or debt Mutual Funds or small savings instruments such as NSCs, PPF, Post Office Monthly Income scheme, senior citizen savings scheme.
You can investing in Fixed deposits or debt Mutual Funds or small savings instruments such as NSCs, PPF, Post Office Monthly Income scheme, senior citizen savings scheme.
Terms and Conditions of use of the Apnapaisa websites - apnapaisa.com, apnaloan.com, apnainsurance.com and apnainvestment.com or any other associate website (all websites hereinafter individually referred to as "Website" and collectively referred to as "Websites")
These terms and conditions detail how the Websites can be used. If you use the Websites you agree to be bound by these terms and conditions.
GENERAL
Access to the Websites and content
We will endeavor to allow uninterrupted access to the Websites, but access to the Website can be suspended, restricted or terminated at any time without giving any notice. We reserve the right to change, modify, substitute, suspend or remove without notice any information or service on the Websites from time to time. We assume no responsibility for the content or services of any other to or from which the Websites has links.
Intellectual Property
The copyright and all other intellectual property rights in the material contained in the Websites, together with the Website design, text and graphics, and their selection and arrangement, and all software compilations, underlying source code and software (including applets) belongs to us.
We own all rights in the Websites and all the contents of the Websites. You shall retain ownership of the data you submit to the Websites. You grant us a worldwide, royalty-free, non-terminable license to use, keep, share, save, collect, copy, distribute, publish and transmit such data in any manner as we deem fit within our Privacy Policy.
Nothing within any of the Website is, or shall be deemed to constitute, financial or other advice or a recommendation to purchase any product or service. Any and all information provided within the Websites is for general information purposes only. We strongly advise that independent professional advice be obtained before you purchase any product and/or service via Websites.
Exclusions of liability
We use reasonable endeavours to ensure that the data, material and information on the Websites are accurate. We will also endeavour to correct any errors or omissions as soon as practicable after being notified of them. However, we are not responsible in any way if the data, material and information on the Websites are found to be inaccurate or if there are any errors or omissions in the data, material and information.
We do not monitor, verify or endorse data, material and information submitted or provided by third parties, which is included on the Websites, and you should be aware that such information may be inaccurate, incomplete or out of date. In particular, we do not monitor, verify or endorse the information or quotations collected from the product and service providers as presented to you on the Websites. We are not responsible for any data, material or information included on the Websites, which has been provided by third parties.
We are not responsible for any losses or damages arising from an inability to access the Websites, from any use of the Websites or from reliance on the data transmitted using the Websites where such losses or damages are caused by any event beyond our reasonable control including as a result of the nature of electronic transmission of data over the internet. We are not responsible or liable for any indirect losses or damages suffered or incurred by you or for any losses or damages suffered or incurred by you which were not foreseeable by us when you accessed or used the Websites.
Exclusion of liability for third party providers products and services
You can apply for and buy a number of products and services via the Websites. It is specifically clarified that we provide none of the products and services that appear on the Websites. All these products and services are provided by third parties over whom we do not have control. You should satisfy yourself that you wish to purchase those products or services before contracting with the third parties. We are not responsible for any products or services or information provided by third party providers.
You should exercise due caution to ensure your interests. Do not handover any cash. Get all promises on terms and conditions in writing on a letterhead. Get the visiting card of the person visiting you and check out that the landlines numbers mentioned on the card are correct. Most advertisers are unable to return documents in case your proposal is not accepted. If this is an issue with you, please get a promise to return your documents in writing in the event of your proposal is not accepted for any reason.
Any transactions relating to sale/purchase of goods or services not directly offered by Us are to be settled inter-se between the parties to such transaction and all warranties express or implied of any kind, regarding any matter pertaining thereto, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed by Us.
We merely endeavor to provide a platform where you and other party may interact, exchange information or carry out any transactions on such terms and in the manner mutually agreed between you and the other party. We do not have any involvement in the actual transactions between the buyers and sellers of any product and service. It is only you, who is entirely responsible for all the activities, arising out of the transactions of goods or services offered by any other party and not us. We will not be liable for any loss that you may incur, while selling or purchasing goods /services of the third party.
Advertisements
The advertisements that you see displayed on this websites are delivered on our behalf by a third party.
You have chosen the advertisers to whom your details will be referred. These parties are independent 3rd parties and we have no control over their functioning
We act in good faith in providing a comparison service and allowing advertisers to advertise on it. We disclaim all liability and responsibility for the conduct of advertisers using our site to advertise their services. We are not responsible for their services advertised on this site. Users should carry out appropriate checks before engaging them for any services and be confident of their integrity and have proper contact details for the advertiser (not just their mobile number). If in doubt do not engage their services. This site disclaims without exception all liability for all Advertisements. Furthermore no advertiser is an associate of this site and we do not act as an agent for any advertiser and where a dispute arises between parties, you undertake to resolve it independently of this site and accept that this site will not mediate in any dispute between parties.
Your obligations You warrant that you have taken all reasonable precautions to ensure that any data you submit to the Websites is true and accurate. You warrant that all information provided on registration on the Websites and otherwise provided by you on this site shall be true, complete and accurate.
Your telephone calls
Telephone calls that you make to our customer service help line on the numbers mention in the contact us section of the websites or calls made by our support desk may be monitored or recorded. This will help us to train our staff and improve our service to you. A recording will only be used under proper and careful supervision. Our customer service help line is available on the times notified in the contact us section of the Websites Your telecom provider will charge you at local rates for calls made to non 1-800 numbers.
Complaints Our aim at all times is to provide you with an excellent service. However, if you are unhappy with our service for any reason, please contact our Customer Operations Team by telephone numbers or email address provided in the contact us section of the Websites.
Data protection
We are committed to protecting your privacy. Our privacy practices are set out in our Privacy Policy
Guidance Notes The following sections form part of the terms and conditions and provide more specific guidance on certain products and services
Insurance products and services Our insurance channel allows you to compare insurance policies for various types of insurance products and services. Our selection as it appears on the Websites and nothing in these terms and conditions constitutes advice or a recommendation to purchase a particular insurance product.
We receive fees from certain insurers or agents/distributors/brokers who advertise on or are linked to the Websites. We retain the fees and we do not charge you for the service we offer via the Websites.
Please be aware that it is very important that before you buy any policy you carefully read the terms of the policy, the insurers terms and conditions and any other relevant documentation, which applies to the policy. We will endeavor to give you enough information so that you can make an informed decision about your insurance but you should not rely solely on the information provided within our insurance channel. You must familiarise yourself with all the details of the policy, for example, the restrictions, exclusions, conditions and obligations which apply to the policy. You must ensure that the policy matches your requirements and that you agree to the terms of the policy before you place an order to purchase any insurance product or service. We accept no responsibility whatsoever in the event that any policy purchased by you does not meet your requirements. Insurers will use the information you provide to them to calculate their premium and any offer of insurance cover. It is your responsibility to ensure that such information and all other information you provide to the insurers (before cover begins and during the term of any policy you take out) is complete, accurate and not misleading.
Credit Cards and Loans The products displayed on the Websites are examples of products currently available. Our selection as it appears on the Websites and nothing in these terms and conditions constitutes advice or a recommendation to purchase a particular credit card or loan product We receive fees from certain lenders/credit card issuers or agents/distributors/brokers who advertise on or are linked to the Websites. We retain the fees and we do not charge you for the service we offer via the Websites.
Please be aware that it is very important that before you apply for a loan or a credit card product you carefully read the terms on the application form which will include details of the interest rates applicable and any early prepayment charges and other charges if relevant
General The Websites are for your non-commercial, personal use only and must not be used for business purposes.
These terms and conditions detail how the Websites can be used. If you use the Websites you agree to be bound by these terms and conditions.
GENERAL
Access to the Websites and content
We will endeavor to allow uninterrupted access to the Websites, but access to the Website can be suspended, restricted or terminated at any time without giving any notice. We reserve the right to change, modify, substitute, suspend or remove without notice any information or service on the Websites from time to time. We assume no responsibility for the content or services of any other to or from which the Websites has links.
Intellectual Property
The copyright and all other intellectual property rights in the material contained in the Websites, together with the Website design, text and graphics, and their selection and arrangement, and all software compilations, underlying source code and software (including applets) belongs to us.
We own all rights in the Websites and all the contents of the Websites. You shall retain ownership of the data you submit to the Websites. You grant us a worldwide, royalty-free, non-terminable license to use, keep, share, save, collect, copy, distribute, publish and transmit such data in any manner as we deem fit within our Privacy Policy.
Nothing within any of the Website is, or shall be deemed to constitute, financial or other advice or a recommendation to purchase any product or service. Any and all information provided within the Websites is for general information purposes only. We strongly advise that independent professional advice be obtained before you purchase any product and/or service via Websites.
Exclusions of liability
We use reasonable endeavours to ensure that the data, material and information on the Websites are accurate. We will also endeavour to correct any errors or omissions as soon as practicable after being notified of them. However, we are not responsible in any way if the data, material and information on the Websites are found to be inaccurate or if there are any errors or omissions in the data, material and information.
We do not monitor, verify or endorse data, material and information submitted or provided by third parties, which is included on the Websites, and you should be aware that such information may be inaccurate, incomplete or out of date. In particular, we do not monitor, verify or endorse the information or quotations collected from the product and service providers as presented to you on the Websites. We are not responsible for any data, material or information included on the Websites, which has been provided by third parties.
We are not responsible for any losses or damages arising from an inability to access the Websites, from any use of the Websites or from reliance on the data transmitted using the Websites where such losses or damages are caused by any event beyond our reasonable control including as a result of the nature of electronic transmission of data over the internet. We are not responsible or liable for any indirect losses or damages suffered or incurred by you or for any losses or damages suffered or incurred by you which were not foreseeable by us when you accessed or used the Websites.
Exclusion of liability for third party providers products and services
You can apply for and buy a number of products and services via the Websites. It is specifically clarified that we provide none of the products and services that appear on the Websites. All these products and services are provided by third parties over whom we do not have control. You should satisfy yourself that you wish to purchase those products or services before contracting with the third parties. We are not responsible for any products or services or information provided by third party providers.
You should exercise due caution to ensure your interests. Do not handover any cash. Get all promises on terms and conditions in writing on a letterhead. Get the visiting card of the person visiting you and check out that the landlines numbers mentioned on the card are correct. Most advertisers are unable to return documents in case your proposal is not accepted. If this is an issue with you, please get a promise to return your documents in writing in the event of your proposal is not accepted for any reason.
Any transactions relating to sale/purchase of goods or services not directly offered by Us are to be settled inter-se between the parties to such transaction and all warranties express or implied of any kind, regarding any matter pertaining thereto, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed by Us.
We merely endeavor to provide a platform where you and other party may interact, exchange information or carry out any transactions on such terms and in the manner mutually agreed between you and the other party. We do not have any involvement in the actual transactions between the buyers and sellers of any product and service. It is only you, who is entirely responsible for all the activities, arising out of the transactions of goods or services offered by any other party and not us. We will not be liable for any loss that you may incur, while selling or purchasing goods /services of the third party.
Advertisements
The advertisements that you see displayed on this websites are delivered on our behalf by a third party.
You have chosen the advertisers to whom your details will be referred. These parties are independent 3rd parties and we have no control over their functioning
We act in good faith in providing a comparison service and allowing advertisers to advertise on it. We disclaim all liability and responsibility for the conduct of advertisers using our site to advertise their services. We are not responsible for their services advertised on this site. Users should carry out appropriate checks before engaging them for any services and be confident of their integrity and have proper contact details for the advertiser (not just their mobile number). If in doubt do not engage their services. This site disclaims without exception all liability for all Advertisements. Furthermore no advertiser is an associate of this site and we do not act as an agent for any advertiser and where a dispute arises between parties, you undertake to resolve it independently of this site and accept that this site will not mediate in any dispute between parties.
Your obligations You warrant that you have taken all reasonable precautions to ensure that any data you submit to the Websites is true and accurate. You warrant that all information provided on registration on the Websites and otherwise provided by you on this site shall be true, complete and accurate.
Your telephone calls
Telephone calls that you make to our customer service help line on the numbers mention in the contact us section of the websites or calls made by our support desk may be monitored or recorded. This will help us to train our staff and improve our service to you. A recording will only be used under proper and careful supervision. Our customer service help line is available on the times notified in the contact us section of the Websites Your telecom provider will charge you at local rates for calls made to non 1-800 numbers.
Complaints Our aim at all times is to provide you with an excellent service. However, if you are unhappy with our service for any reason, please contact our Customer Operations Team by telephone numbers or email address provided in the contact us section of the Websites.
Data protection
We are committed to protecting your privacy. Our privacy practices are set out in our Privacy Policy
Guidance Notes The following sections form part of the terms and conditions and provide more specific guidance on certain products and services
Insurance products and services Our insurance channel allows you to compare insurance policies for various types of insurance products and services. Our selection as it appears on the Websites and nothing in these terms and conditions constitutes advice or a recommendation to purchase a particular insurance product.
We receive fees from certain insurers or agents/distributors/brokers who advertise on or are linked to the Websites. We retain the fees and we do not charge you for the service we offer via the Websites.
Please be aware that it is very important that before you buy any policy you carefully read the terms of the policy, the insurers terms and conditions and any other relevant documentation, which applies to the policy. We will endeavor to give you enough information so that you can make an informed decision about your insurance but you should not rely solely on the information provided within our insurance channel. You must familiarise yourself with all the details of the policy, for example, the restrictions, exclusions, conditions and obligations which apply to the policy. You must ensure that the policy matches your requirements and that you agree to the terms of the policy before you place an order to purchase any insurance product or service. We accept no responsibility whatsoever in the event that any policy purchased by you does not meet your requirements. Insurers will use the information you provide to them to calculate their premium and any offer of insurance cover. It is your responsibility to ensure that such information and all other information you provide to the insurers (before cover begins and during the term of any policy you take out) is complete, accurate and not misleading.
Credit Cards and Loans The products displayed on the Websites are examples of products currently available. Our selection as it appears on the Websites and nothing in these terms and conditions constitutes advice or a recommendation to purchase a particular credit card or loan product We receive fees from certain lenders/credit card issuers or agents/distributors/brokers who advertise on or are linked to the Websites. We retain the fees and we do not charge you for the service we offer via the Websites.
Please be aware that it is very important that before you apply for a loan or a credit card product you carefully read the terms on the application form which will include details of the interest rates applicable and any early prepayment charges and other charges if relevant
General The Websites are for your non-commercial, personal use only and must not be used for business purposes.