ApnaPaisa - Financial Planning, Investment, Insurance, Loans, Credit Cards, Banking

Banking, Featured, Grievances, Home Loan, Home Loans, Loan, Loan Against Property, Loans, home loan issues

Interest rates on home loans for new consumers have come down by around 4% since September end 2008 but consumers who had the misfortune to take their loan before that have only seen their rates drop by around 1.50% – 2.25%. We are inundated with anguished queries from existing customers where they raise concern about [...]

Featured, Financial Planning, Home Loan, Home Loans, Investment, Loan, Loans, Retirement Planning, Retirement Planning, Reverse Mortgage

Most people build a nest egg for their retirement by investing a regular sum of money into a Systematic Investment Plan (SIP) of a mutual fund or buy a pension plan from an insurance company or regularly invest in a bank recurring deposit or government backed instruments such as PPF and NSC, etc. A very [...]

Featured, Home Loan, Loan

The home loan war seems to be hotting up. The private sector players (HDFC, ICICI, Axis,LIC housing Finance) are all providing loans at around 9.25% floating to their new consumers (including to existing borrowers of other banks wishing to shift their loans). For once the PSU banks seem to be using attractive structured offerings to provide stiff competition to the private lenders.

Featured, Health Insurance, Insurance

Health care costs for hospitalization in India have risen sharply in recent years in tandem with global trends. Many a family has seen their financial planning go for a complete toss due to unexpected costs on hospitalization of a family member. Also due to increasing exposure to media there is a far bigger consciousness about [...]

Featured, Health Insurance, Insurance, Insurance issues, Travel Insurance, personal accident issues

Indian cricket team skywalks in Australia. If you are wondering what these headlines are doing in a personal finance blog let me explain. Millions of dollars are riding on these celebreties. In fact for the cricket team it is probably in billions rather than millions. I am sure they are insured to the gills against accidents. [...]

Banking, Financial Planning

Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “got to have it” scale.

Posted on 21 January 2010

Be an Investor Use Money in Order to Make More Money follow the “Cash Flow Quadrant” There are four types of income generators in the world 1. E – The Employee safe and secure job. 2. S – The Self - Employed own their own job. 3. B – Business owner why to do it yourself if you can hire [...]
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Credit Card

Why do shop keepers accept credit cards and other deep mysteries of Life?

Posted on 16 December 2009

Shop Keepers accept credit cards for payment even though they have to pay a commission to the banks because it is a proven fact that customers who use credit cards buy more. Credit cards are very useful and conveneient tool if used wisely but can be dangerous if used indiscriminately.
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Uncategorized

how to end the problems of black money and its links to terrorism

Posted on 15 December 2009

The ever imminent problems which the country of India faces are money laundering, corruption, black money which leads to the main problem of terrorism. When we say that there is terrorism is affecting the country’s security and hence leading to an environment not worthy of investing in the country leading to FII taking out the [...]
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Financial Planning, Investment, Retirement Planning, Retirement Planning

Easy get rich-retirement solutions tips for today’s young job professionals

Posted on 10 December 2009

Planning to get retired after getting rich is a dream of every person today engaged in earning a livelihood for achieving a sound financial and monetary base. Get rich retirement solutions have also gained prominence due to the fact that present day life is full of uncertainties like serious health disorders, unexpected accidents, even death [...]
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Home Loan, Home Loans, Loan, Loans

ICICI and HDFC join the Teaser rate war!

Posted on 08 December 2009

After initially playing down the teaser home loan product first introduced by SBI in January 2009 , market leader HDFC has decided to join the bandwagon. They announced a similar teaser loan product on December 1, 2009. ICICI bank announced its own teaser plan on the weekend. This clearly is a good time to be [...]
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Education Loans, Financial Planning, Loan, Loans, Retirement Planning

Should i guarantee my son’s education loan?

Posted on 04 December 2009

Fathers are often forced to guarantee the education loans taken by their children. If the son does not or cannot repay the loan it may completely destroy the financial planning of the parent. For those parents who are torn between the desire for his son to get the best possible education for his child and his own retirement planning goals, this article provides an interesting if controversial compromise solution for the parent.
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Banking, Credit Card, Credit Card Issues, Grievances

Sukhi Lala is alive and kicking!

Posted on 04 December 2009

“ My father aged 69 years was retired and staying with me. He had a credit card since the last 15 years. He expired last year in October and since January this year I have been harassed by phone calls from the bank claiming that there is an outstanding of Rs. 32,000 on his card. [...]
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Grievances, Health Insurance, Insurance, Insurance issues, Life Insurance

Am I entitled to get a copy of my own medical reports?

Posted on 04 December 2009

The Life Insurance companies usually pay for your medical testing before providing life insurance to you. Are you entitled to a copy of the medical reports? Read on....
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Grievances, Home Loan, Home Loans, Loan, Loans, home loan issues

Will the Base Rate be more transparent than the BPLR?

Posted on 04 December 2009

Floating rates on Home Loans in India move up quickly when interest rates rise but is very sticky when interest rates move down. A committee appointed by RBI has made recommendations to ensure more transparency in fixation of floating rates. But will the recommendation work? Read on....
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