Personal loans are a boon when you need immediate financial help. Nowadays, there are many kinds of loans available in the market. However, they are largely of two types—secured loans and unsecured loans. To put it simply, a secured loan is like a mortgage loan. In this case, you have to furnish an asset as a security for the loan. In contrast, unsecured loans do not need any asset as collateral. That is why secured personal loans are less risky…
Affordability of individuals to purchase a house in various Indian cities has increased in the last 10 years. It is mainly owing to the stimulants like income growth, stagnant price of homes and easy availability of housing loan at lower rates of interest. As per a finding, the median affordability index for house purchase remains at 4.5 times of average annual household income. Except a few like Mumbai and Hyderabad, most other cities remain below the affordability benchmark of 4.5.…
Do you want to enjoy the benefits of banking from the comfort of your home? Online Banking can let you enjoy that leisure. It helps in managing your finances in an easy and secure way. Manage your transactions, check your bank statements and many other facilities; all can be done with few clicks. Read on to understand more about the benefits of online banking. Pay Your Bills How do to pay your bills? Do you deposit it by cheques? How…
Remember the Mediterranean cruise you always wanted to go on? Or the destination wedding you always wanted to throw? All these, however, seem far away prospects what with today’s spiralling prices and limited income. You’re stuck in a rut—your daily routine consists of going office from your Gurgaon home and vice versa. But the world doesn’t end like this: you can see your wishes come true thanks to loan against property (LAP). You can get immediate funds through LAP by…
To promote the idea of affordable ‘housing for all’, the Central Government introduced Pradhan Mantri Awas Yojana or PMAY in June 2015. Given the perennial shortage of affordable housing in India, the measure is still rated as a positive step forward towards the resolution of such issues. The ambitious plan was to develop affordable housing under the scheme by 2022. In fact, recent figures show that a lot of progress has been made. In 2015, PMAY was first announced along…
No matter how long you live there, your home is likely to need some repairs, replacements and general maintenance performed to remain a beautiful, safe and healthy place to live. Even the most stringent of homeowners face these issues from time to time, so rest assured that this need is quite typical. Still, no homeowner is thrilled at the prospect of spending heaps of their personal funds to repair, renovate and maintain a home. The overall costs can be quite…
Investment management often termed as financial management is a professional management of various assets and securities such as shares, bonds and real estates in order to meet a specific goal set by the investor. The investors may be any institution, be it insurance companies, charities, pension funds or educational sector or any private investor like mutual funds or exchange traded funds. As a matter of fact, investment management comes with different terms such as asset management and fund management. Asset…
Choosing the right accountant for business is one of the very important business decisions. The right accountant will be instrumental in handling tax law compliance efficiently and in money management. A qualified accountant will be able to save the most in taxes by calculating all required exemptions and allowances. But sometimes, businesses land with the wrong choice of accountants not effective enough to deal with financials. This article will tell you if you have made the right choice and what…
In a bid to help every first time home owner, the Pradhan Mantri Awas Yojana (PMAY) was introduced under the “Housing for All” Initiative taken by Prime Minister Narendra Modi. This loan provides several subsidies on Home Loans to make it easier for most individuals to own a home. Calculated as per the income of the individual and the carpet area of the house, this is one of the simplest funding options available to those who want to purchase or…
Vizag or Vishakhapatnam has always been a popular city for the tourists and the region has a serenity about it, as well as a high cultural significance. The real estate scenario in the city is now on the rise and those who want their homes in a calm ambience prefer to build their home here. The question is, that is it really a good time to invest in a property here and if so, how can one benefit from it?…