If you are young and want to purchase your first iPhone this festive season, the ideal advice would be to purchase it on cash without borrowing.
If you are young and want to purchase your first iPhone this festive season, the ideal advice would be to purchase it on cash without borrowing.
One of the personal finance lessons that have been passed onto us from previous generations is to avoid loans.
Nobody can undermine the importance of owning a house. No matter what the advocates of renting-is-better-than-buying tell, fact is that buying a house gives a sense of ownership.
Buying a home can be a very satisfying feeling. It gives you a sense of ownership and the bragging rights to tell others that you have arrived.
Yes you read it correctly. You can do that if you are smart enough. And it’s perfectly legal to do it.
Many people who have taken a home loan few years back are facing a dilemma. The rates when they borrowed were high and hence, they are paying higher EMIs.
If you are observant enough, you would have witnessed an increase in number of special unsecured loans being offered to you during festival season.
When you are looking to buy a house, one of the major factors is the budget you have. This budget in turn depends on two things.
If you are planning to avail financing for your house purchases, chances are that you are focusing on main factors like EMI, loan tenure and interest rate.
Suppose that last year, you had taken a personal loan of Rs 2 lac for some personal reasons.