BUSINESS
Up to 72% respondents say they will soon take a personal loan to meet high-priority expenses: IndiaLends Survey
The nationwide survey of nearly 5,000 respondents threw up surprises on number of respondents opted for loan moratorium, planning to take personal loan, struggling to continue with investments and more.
BUSINESS
5 steps for freelancers to survive through COVID-19 crisis
In COVID-19 crisis, freelancer should look for alternate income opportunities in area of expertise and adapt to newer ways to showcase their skills.
BUSINESS
Use fixed deposit overdraft facility wisely to meet your short-term needs
Overdraft against FD is available at a lower interest rate as compared to personal loans and pre-approved loans against credit cards.
BUSINESS
COVID crisis: Money matters NRIs must fix before returning to India for good
From clearing home loan dues, to changing bank accounts and buying insurance locally, NRIs must take a systematic approach to their finances before packing their bags
BUSINESS
RBI policy: Interest rates on fixed deposits likely to fall
As banks pass on lower loan rates to borrowers, it follows that deposit and savings account rates too will decline
BUSINESS
Buying a car during COVID times? Avoid special financing schemes
The total interest outgo in these schemes is higher than what a regular car loan entails
BUSINESS
Yes Bank’s FD with COVID cover: Avoid deposits that come with bundled policies
You should consider buying a COVID-19 insurance cover that is much more holistic
BUSINESS
COVID-induced job loss: Fix your money matters to sail through all contingencies
The first step is to ensure that you have an emergency corpus that takes care of your most essential expenses for six months
BUSINESS
Don't shop for non-essentials in COVID times, despite the discounts on offer
Avoid blocking your money right now by shopping for non-essentials. Cash is king for the immediate future, so spend wisely
BUSINESS
Most of our salaried borrowers haven't opted for the loan moratorium: Bank of Baroda
For the salaried, this is the best time to buy a house, as interest rates are the lowest in almost two decades
BUSINESS
Want to cancel your house booking during COVID times? Know the steps involved
Usually, the developer would deduct 5-10 per cent of the booking amount and refund the remaining sum
BUSINESS
COVID-19 crisis: Avoid using your credit card to pay rent
If you find yourself in financial difficulty, meet your house owner and explain your situation. Ask for a grace period of two to three months
BUSINESS
Transcorp’s prepaid card: Should you opt for it?
You could use the card for your meal purchases as well as to shop for food and grocery items
BUSINESS
COVID-19 impact: Plan to study abroad this year? Tough money decisions lie ahead
Students and their parents need to consider the possibility of a prolonged slowdown in developed economies
BUSINESS
Home loan top-ups: Rates are lower, but avoid them unless faced with a desperate cash crunch
Any type of loan should be your last resort, especially in these times of salary and job cuts
BUSINESS
COVID-19 personal loans: Avoid them unless desperately strapped for cash
Liquidate your existing investments or even your gold holdings if you don’t have an emergency corpus
BUSINESS
Lock into FDs of select banks now
Avoid investing in fixed deposit schemes of co-operative and small finance banks
BUSINESS
COVID-19 Third Wave: 4 money mistakes to avoid during the pandemic
Don’t resort to panic selling of equities, going overboard on stocks or deferring of loan EMIs
BUSINESS
Graduating amidst the COVID-19 pandemic? Money tips to wade through a tough job market
If you already have a job offer, but the company wants to re-negotiate, take it
BUSINESS
Online tricks fraudsters use to benefit from the COVID-19 lockdown
Here is how you can avoid getting tricked by fraudsters and stay alert to attempts at swindling your hard-earned money
BUSINESS
No-cost loans: Don’t postpone dues unless strapped for cash
For purchasing consumer electronics, the interest rates would be between 12 to 20 per cent
BUSINESS
Here’s how you apply to your bank and get EMIs postponed
Interest will continue to accrue on your loan account during the period of the moratorium
BUSINESS
Experts on loan moratorium: Keep paying EMIs if you can afford to
That way, you will avoid higher interest payment and longer loan tenures
BUSINESS
A financial calendar for 2020-21: Keep your date with investments, taxes and holidays
Whether it is your monthly investments in various avenues, paying taxes or planning your holidays, a fiscal is dotted with important deadlines dates and action points
