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Three investment options to secure your child's future

For parents, saving for their children’s future is at the top of their priority list. That’s right. A good course at a good university can put a child’s career on the right track. While there are several investment options to help secure your children’s future, here are the top three: Sukanya Samriddhi Yojana (SSY): For …

Five key financial issues that need your attention - (A)

Whether you’re on time deposits, have a home loan, or are a taxpayer, there are several big changes coming in August that will affect your piggy bank. Aggressive RBI Monetary Policy Announcement For the month of June, India’s headline retail inflation rate, as measured by the Consumer Price Index (CPI), was 7.1%. This brings average …

Debt Consolidation

Debt consolidation is a form of refinancing, where you combine several loans and liabilities into one loan. Practically, multiple debts are combined into a single, larger debt, usually with more favorable payoff terms. A payoff term is considered beneficial if it has a lower interest rate, lower monthly payment or both. Consumers can compile various …

How To Get Out Of Debt Trap-mudrahome

“Interest on debts grow without rain.” -Yiddish Proverb Feeling leads to thinking, thinking leads to actions and when actions are repeated several times it become habits. Same is the origin of debt trap where feelings and thinking have multiple reasons to originate right from socio-economic requirement of education, health, shelter etc. or materialistic requirement of …

Debt consolidation loan- pay off your debt today

A debt consolidation loan is where a bank, a credit union or a finance company provides you with the money to pay off your outstanding credit card debts and “consolidates” them by bringing all the loans together into one big loan. People usually apply for a consolidation loan when they have trouble paying up even …

We all borrow money from our friends, family, relatives or we reach out to Banks/ NBFC’S for funds in the form of a loan. When we borrow from Bank/NBFC we are supposed to repay the debt as EMIs. These EMIs consist of the principal amount as well as the interest part. But what if you …

It is always exciting to look around, hunt for new properties and search for a dream home. But the next step in the process – reconnoiter or explore for the home loan – is not that exciting. Even if you find the right property as per your expectations, you will always find yourself in dilemma …

Borrowing a home loan is a commitment for the life and the borrower feels a lot of burden if not planned properly. While planning to borrow a home loan need a scrutiny of your debts and other expenses. The loan amount of the loan may vary from lakhs to crores and the duration can go …

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