Adhil Shetty

Purchasing a car? Make the most of car loans!

The interest rate offered by banks depends upon several factors like the term of loan, amount of loan, type of interest rate - fixed or floating, whether it is a new car or an old one, credibility of the borrower, age and income of the borrower etc.  Ther... Read >

Plan early for the purchase of your dream home!

Owning a home gives you a sense of pride and liberty, but also many responsibilities. For a first timer, it would be a rather complicated process, especially ‘saving’ for down payments. The savings for a home purchase can be started at any time, much befo... Read >

Have a rent income? Sold your property? Know your taxes!

If you choose to use the capital gains from selling your house to buy a residential property, you will not be taxed and there is no tax liability from such a sale as stated under Section 54F of the Income Tax Act.You can also be exempted from tax if the l... Read >

Dangers of using credit cards

The one thing that he forgot was to be educated about the different features this card offered, read the agreement and understand the cost of using each of these features. The card offered a grace period or free credit period of 30 days. Thereafter, it ch... Read >

Advantages of using a credit card

If you are diligent with your money, have a habit of keeping a track of your expenses or run into emergencies that calls for the usage of a credit card, then by all means you can prudently tap the advantages this piece of plastic has to offer! Credit card... Read >

Should you invest or prepay your loan?

Equity mutual funds make a great investment. However, given the volatile nature of the market and the loss experienced by investors in the past months, one should keep expectations realistic and be willing to wait it out for at least 10-15 years to see a ... Read >

Base rate shift and impact on loan takers!

The Reserve Bank of India (RBI) a few days ago extended the deadline to another six months (till June 30 2011) to adopt the new method for computing base rate.Base rate is not very different from the PLR. However, it will be reflective of the current ra... Read >

How to scout for a car loan

Normally, banks only give 85%-90% of the total cost of the vehicle. The rest will need to be provided upfront as a down payment. Always opt for a higher down payment and look to save on total interest costs. When you book the car, you need to pay a bookin... Read >

Top 5 saving options today!

A personal loan is not the answer of every financial need.For the retired people, the Post Office Monthly Income Scheme is a good savings instrument. The interest is 8% divided on a monthly payout basis. The payout if not required can be channeled t... Read >

Protect yourself from credit card frauds!

Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing... Read >

The most essential life insurance plan. Have it?

Have we all met our favorite life insurance agent selling to us insurance plans for our children, for our retirement, for our parents, for our house and so on and so forth? Oh Yes, of course. Have any of the agents suggested a plan called as a term pl... Read >

Should children be allowed to handle money?

At the end of it, this whole thing about keeping children out of money matters was probably a wrong idea. Children have to be introduced to money and how it works. Children should be allowed to take money decisions, make mistakes and learn from them when ... Read >

How to get started on a methodical savings plan

In this era of recession, deflation, and job cuts, it is especially important for you to consider where your hard-earned money is going; financial security is the key in today's unpredictable world. And the first step towards gaining that security is ... Read >

Money mantras for a happy marriage

The Iyers had a simple formula -  If they earned Rs. 100/- whether Raghu's salary or Radha's freelance income Rs.30.00 went towards investments. Of this - Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build a... Read >

Credit cards can make money for you!

Use the bonus points that have accumulated on buying necessities (house hold appliances, clothes, groceries etc.) rather than using it on using it on things (luxuries) that aren't really important to you. Only if the bonus points are used practically, you... Read >