Rising property prices and the inflation hardly leaves sufficient amount after the payment of the EMIs.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
Apart from SIPS and STPS, value- averaging can help investors make more money, says Devangshu Datta.
ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity
'Initially, I was reluctant about being friends with him.' 'He was a star.' 'It took me a while to understand him, and when I did, I opened up to him and we started talking about this and that and whatnot.'
Card-based EMI transactions dropped about 60 per cent in the first week after demonetisation and then recovered steadily. However, these are not yet back to the levels before November 8.
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to boost economic growth and address distress in various sectors
Received a hefty windfall and don't know what to do with it? Here are 5 smart ways to manage it.
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
'This is a blip in the 100-year history of cinema.'
Besides being young, one might also have to be a professional or self-employed.
'When the country is jobless, why should I pay through my nose to feed these people who want some perks in office?' 'Let them also join India's unemployed.' 'Let them also taste the bitter medicine of being jobless.'
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Home buyers should look at smarter options before taking a loan.
Despite these advantages consider your options carefully and make a decision based on your abilities and your financial goals, says Abhishek Agarwal.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Every financial plan needs to be tweaked periodically.
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
A 43-year-old woman's SOS to UK Prime Minister Boris Johnson made the Indian embassy in London, the ministry of external affairs in New Delhi and the Delhi police swing into action and prevent her from killing herself.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Rediff reader Murali Krishnan Ambati, 47, from Bengaluru shares an interesting formula to save money.
Twenty-six immovable properties worth Rs 101.45 crore, and bank balance totalling Rs 2.28 crore in 22 accounts have been attached provisionally under the Prevention of Money Laundering Act (PMLA) by the Lucknow zonal office of the agency, they said. The Greater Noida-headquartered Bike Bot taxi service is accused of scamming about Rs 3,000-Rs 4,000 crore from 2.25 lakh investors in multiple states including Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.
The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.
Sell the property if bought for investment purpose.
India's manufacturing expanded at a faster pace than China
A fall in home loan rates since last September as well as a few provisions in the Union Budget 2016-17 are working in favour of the home buyers, says Rajiv Raj
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
"Any payment above EMIs is considered as payments towards the principal and would result in shorter tenure. This, in turn, will lower the total interest amount you pay on your home loan."
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
Paying your increasing home loan EMIs can be quite a task to meet. Here are a few dos and don'ts that can help you sort out your loan problem.
Those just starting their careers should avoid adding to their liabilities, especially if they already have an education loan. They should think hard before taking a car or home loan.
An equated monthly installment (EMI) is the amount of money that is paid back to the lender on a monthly basis.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Ashish Narsale/Rediff.com tells you what you must keep in mind.
Having lost her job as a stage dancer for film award shows in the pandemic, Smita Soni learnt how to make organic bath and body products. Archana Masih/Rediff.com met her as she sold her handmade items from the boot of her car with baby on her hip.
Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
When interest rates rise, so does the EMI of your home loan. There are two ways in which you can deploy surplus funds to reduce the EMI. For maximum benefit, you can combine the two options.
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