Doesn’t having many properties help in achieving my goals ?

Property can generally be classified into two separate categories: residential property and commercial property. A residential property can be bought to let out with the rental income acting as the basis for an income stream to the investor.

Likewise a commercial property (an office, factory, warehouse etc.) can be bought and owned in the same way, with the rental being paid by the tenant (the business that rents/leases the property) being collected as an income.

Decoding your Credit Card Bill.

Credit Cards offer one of the greatest conveniences by offering easy credit, in the need of the hour but on the contrary, they are notorious instruments known to make their owners spend beyond their means and fall into a debt trap. Well,sometimes! Credit Cards are a necessary evil in the financial world as no other instrument offers such convenience of easy accessibility of funds It depends on the user to extract the maximum benefit of the conveniences they offer and minimize the effects of high interest rates and other charges.

Best Tax Saving Instruments

As the tax season draws to a close, choosing and investing in the right scheme is key. Tax saving options can get confusing, so to aid your decision on which option is better, we have rated the different options on a variety of parameters.

How to plan for a luxury apartment

Buying a home is a milestone in the life of an individual. Before taking the plunge into the property making phase one needs to analyze his/her current financial situation. One needs to find out how much of expense he/she can afford. In order to assess the financial situation the concerned person needs to calculate his/her […]

How to plan for house purchase down payment of a home

Home-loan may seem such an easy option for house hunters, thanks to glossy ads in newspapers and hoardings! But, are you aware of the fact that as per RBI guidelines that the loan-to-value (LTV) ratio of housing loans is not supposed to exceed 80%[for loan amount more than 30 lakhs] and 90% [for loan amount […]

Without a regular income, should I prepay my existing loan or invest?

To prepay existing loan or invest are the two financial options available to a person without a regular income. To make things clearer, suppose a person has started a business on his own or has taken voluntary retirement or retired from his job, what should be his priorities? Prepaying all his or her existing loans or invest?

How much loan can I afford at a time?

While technology has altered the way loans are disbursed, the canons of prudent borrowing remain unchanged. It still doesn’t make sense to borrow if you don’t need the money. Or take a long-term loan only to enjoy the tax benefits available on the interest you pay.