The low interest rate period is basically a bad news for the conservative investors. At the same time, it is good news for borrowers. The concept of assured or fixed interest rate is a thing of past (taken for granted). In past, the investors posed their faith in small savings scheme with an assumption to earn relatively higher and assured interest rate. In other words, the interest rates were immune to fluctuations of interest rate cycle. The Small Savings Scheme interest rates remained untouched in past due to populist measures. But with the focus on economic growth, it is imperative to ... Read More
How To Get Short Term Loan At Zero Percent Interest Rate
Short Term Loan is very common in the western world. These are popularly known as payday loans. Though both are technically not the same. The reason I referred both of them is that borrower pay or clear the same once he/she receives next salary. In banking parlance, a loan of up to 1-year tenure is referred as short term loan. You can also refer it as a cash advance. "What's in a name?" if you need a loan for short term max up to 52 days at zero percent interest rate then this post is for you. Even in 80's and 90's, the concept of the short term loan was popular but those days, the common ... Read More
Are You Eligible For A Loan with Lowest Interest Rate
Quite surprisingly Lowest Interest Rate is a key criterion for almost all the new and existing borrowers. It can be safely concluded that 2 out of 3 borrowers avail a loan from Lowest Interest Rate provider typically market leaders in the segment. The rest are not eligible due to various reasons thus settle with other loan providers. From last so many years you might be reading that you can get a loan at lower interest rate if your credit score rating is good. This was a plain lie as none of the lenders was willing to offer differential interest rate just based on the Credit or CIBIL Score. In ... Read More
Demonetisation Scheme – How It Will Impact Your Money Matters
Demonetisation Scheme is a sort of surgical strike on the black money. As a taxpayer, i can say that people should not complain short term pain for the long term gain. There is a lot of uncertainty on how the things will shape up. Let me assure that if you have nothing to hide from income tax department then you need not worry at all. Just relax, take a deep breath and chill. You can deposit cash in hand i.e. currency notes of Rs 500 and Rs 1000 once the initial knee-jerk reaction is over. Don't forget to quote your permanent account number. One of my clients called me from Lucknow. He ... Read More
5 Investment Myths That You Should Never Believe
Being into personal finance space, i come across a lot of investment myths on daily basis. Sometimes it is hard to believe that very well educated people blindly trust such investment myths. Investment is an art and no one can teach you the same. Everyone has a different style of investment. The most important point is that you should be comfortable with the investment style. For example, if am not comfortable investing in the stock market then better i should avoid the same rather losing money & regret later. I do agree that it is not feasible for us to be perfect in the art of ... Read More
Lower Interest Rate Cycle – Are You Ready for these 5 Changes
Lower Interest Rate is an alien concept for India. Typically, India as a country is "high interest rate" country. The reason being we are Savers rather Spenders. Because of this reason, we expect "high" interest rate on Savings and willing to pay "higher" interest rate on Loans. As i shared in my previous posts, the saving rate in India is one of the highest in the world i.e. 30%. In my post, Small Savings Schemes i explained how a cut in interest rates will help consumption cycle. Basically, the objective is to reduce savings and increase spending. The interest rate in growth-oriented ... Read More