Are loans good or bad? I have seldom come across people with a neutral outlook toward a loan. Either they are in for or against availing a loan for whatever reason. But the truth is a loan is neither good nor bad. It becomes a good or bad experience depending on the purpose of the […]
Are loans good or bad? Read More »
The primary idea of life insurance is to make good the financial loss incurred due to the loss of life of the income earner of the family. But can you get a loan against your life insurance policy if in case you need some cash support anytime during the policy period? However, the products offered
Can you get a loan against your life insurance policy? Read More »
We all have come across advertisements offering consumer loans at flat simple interest rates. Have you ever doubted that the rates they are mentioning could be misleading? Because in the real world of finance, everything is compounding interest and never a simple interest. The story of a simple flat-rate loan Here is an example to
How to read the rates of a loan and not get deceived? Read More »
Our emotions play a major role in many of the financial decisions we take from time to time. one such decision is whether or not to go for owning a car and if we do buy one, should we buy it on a loan. Financial wisdom says, “don’t buy a car if you don’t need
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