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.

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.

If you are paying a high rate of interest, switch your Home Loan to a new lender.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.