Article

Gift yourself an iPhone this Diwali It’s that time of the year again - festive lights, parties, visiting friends, family and neighbours and fun times with your near and dear ones. It’s Diwali time! Everywhere you turn, it’s the season for shopping and making a new start! Advertisements for gadgets of every kind bombard you from every direction, while retailers try and entice you with attractive offers that are hard to resist. So, getting into

If you buy a vehicle, you must know that purchasing vehicle insurance is mandatory in India. By law, you need to have insurance when you own a vehicle. In simple terms, vehicle insurance basically protects you against financial loss in case of an accident—man made or natural. Vehicle insurance could include insurance for a car as well as a two-wheeler. Vehicles like buses, lorries and trucks that are used for commercial purposes are generally covered by Commercial Vehicle Insura

If you need to pay your credit card bills, don’t worry any longer about late payments or forgetting to make payments. Everything has been made much easier, thanks to online banking. Gone are the days when you had to trek to your bank every time you needed to make a payment or some other banking work done. Remember those days of waiting at the bank and wondering whom to ask the query you had in mind, clueless about what to do? Wave goodbye to all that waste of time and energy and the str

A life insurance policy is kind of a contract between you and your insurance provider. In simple terms, when you buy a policy, you pay a premium for a set period of time and in return your family will get financial security in case of untimely death and loss of earnings. Reliance Life Insurance coverage is one such option. Why Is Taking a Life Insurance Policy Important?If you are the sole or main breadwinner of the family, an untimely demise can potent

Want a safe way to save money? Don’t have ready extra cash in a lump sum to invest in a fixed deposit? No problem. There are a multitude of safe saving options available with banks today and a recurring deposit might be the best option for you. First, what is a Recurring Deposit (RD)? It is a form of a term deposit which allows you to deposit a fixed amount of money on a regular basis and enjoy the same higher interest rate as a fixed deposit. So while you need to put in a lump

It is important to note that personal loans are among the most expensive loans on the market. They come with the highest interest rates since they are 'unsecured' – that is, they do not require any collateral. Personal loans are relatively high risk loans for lenders because they do not hold any collateral from the customer in case of default. In order to safeguard their money in case of default, they charge a high interest rate on personal loans.  Naturally, the interest

Are any of the following scenarios familiar?  You need some extra cash to go on that much dreamed of European holiday; you need some money to buy some big –ticket furniture items and to redesign your house; or your child or sibling’s marriage expenses are beyond your income; or a parent has a medical emergency and you do not have enough savings to cover the expenses. In all these cases, a personal loan is the quick answer. A personal loan is generally an unsecured loa

Life is uncertain and anything can happen anytime. While there is nothing you can do to prevent these hard times, you can certainly find help to tide you over the crisis. Have you found yourself battling a financial crunch? Or faced the prospect of job loss and didn’t know what to do? Or perhaps, you might need a considerable amount of money to fund your child’s wedding or higher education. Whatever the need be, a personal loan could be the answer. It could be a blessing when you

Your brother is getting married and you want some money to help with the marriage expenses. A personal loan seems the best bet but...you do not have a very good credit score. What can you do? Having a bad credit score can be a nightmare for individuals trying to apply for any kind of loan, and especially a personal loan. There is a high chance of rejection when you have bad credit.Why is a credit score so important for a personal loan approval?A

Do you own a property and need money? A mortgage loan is a relatively cheap and efficient way of raising funds. Quite simply, instead of selling your property to raise money, you can leverage it as collateral to get a loan. In India, the bank or NBFC (Non-Banking Financial Company) holds your property as security until you repay the loan, after which you get back your property. If you fail to repay the loan, the lender can dispose of it to recover the unpaid dues.What is a mo

If you own a property which has a clear deed, free from any legal or financial encumbrances, then it could well be the magic key to unlock your dreams! Few people realize the potential of their existing property as a valuable and untapped source of funds. You do not need to sell your property to gain access to money, and you can get the loan amount at a relatively reasonable interest rate (compared to a personal loan.) A mortgage loan could be your answer to funding your child’s

Life is unpredictable. Anyone can fall prey to serious illness at any stage of life. Medical insurance will help you in such times of personal and financial crisis. When you are in the hospital, sick or worried about a family member, at least you will not have to deal with the financial worry – it will be taken care of by your insurance coverage. What is medical insurance? It is a contract between the insurance policy issuer and an individual. To put it in simple terms, it gives

‘Non-life insurance’ is simply the other forms of insurance, apart from life insurance. Growing up, all we hear is life insurance, but there are other forms of insurance that are equally vital to our physical and mental well-being. What are these? First of all, what is insurance, what is life insurance and what are the various other kinds of insurance? Buying an insurance policy is a way of protecting yourself from loss in the future. You might not actually experie

Who hasn’t heard of LIC?! The Life Insurance Corporation of India (LIC) was set up in 1956 with the aim of providing insurance cover to wider sections of the population – especially in the rural areas – and at a reasonable cost. From 112 branch offices in 1956, LIC now has over 2000 branch offices and issues more than 1 crore policies a year. It is the leading issuer of life insurance policies in the country.Life insurance protects you financially from two main unce

What is insurance? Insurance is an agreement by which a company provides you financial compensation for loss, damage, illness, or death. In return, you pay a specified premium on a periodic basis – monthly, quarterly, bi-annual or annual. Naturally, the amount you receive as payout – or the coverage - depends on the premium paid. The bigger the premium, the greater the benefits. Why do I need insurance? Having insurance helps you in many ways. It i

Banks offer a wide range of credit cards, suited to people of all income groups, wants budgets and needs. There are credit cards specially designed for lifestyle benefits, fuel benefits, air miles benefits, shopping benefits, etc. The choice available in the credit card world can be very tempting, but you also need to be careful about which card to apply for.ICICI Bank, which is one of the leading private sector banks in India, is also one of the largest credit card issuers in the co

Remember how you kept track of your expenses during pre-credit card days? Writing down every expense, poring over your bank passbook to see how much you had withdrawn, waiting in line to get your passbook updated, and wondering how much you have left over in your account. Now all that information is just a click away on your computer with many banks offering online statement services that a give you a detailed picture of your credit card activity.Once you are done with all your shopp

Are you ready to make one of the largest and most significant financial investments (a.k.a buying a house) of your life? Owning a home is the aim of almost every Indian, if not the aim of millions the world over. It is a valuable, and usually appreciating, asset. It is one asset that confers mental and emotional security in addition to financial stability as well. In order to fill that huge demand for buying a home, banks and other financial institutions have developed a variety of home loan

Are you planning to buy your dream home? You might have your property selected, your down payment ready, and your finances planned. But have you done enough research on the interest rates you will incur when you take the home loan? Have you done enough home work on which kind of interest suits you best? Here are some pointers on what you should consider when you are evaluating home loan interest rates. What is a home loan and EMI? When a bank or NBFC lends a c

Buying a home is a huge investment - it can’t be emphasized enough. It is a wonderful feeling to be able to own a valuable asset like a house.  For most people in India, it is the main acquisition they will ever make, considering the real estate prices nowadays. Homeownership is something that almost every Indian – urban or rural - dreams of and banks have come up with loans suited for that very purpose!Before you decide on a housing loan, you need to make sure you a

Planning to buy a home? You are probably already imagining the furniture you will buy, where you will have the TV, and enjoying the many delights of setting up a home of your own.  But owning a home also comes with its own set of responsibilities like pay your EMIs every month without fail, and planning your budget every month to accommodate your EMIs. When you actually sit down to research home loans you will find that you are bombarded by an array of very tempting offers being