Benefits of Calculating EMI before applying for loan

When you are looking to take a loan for any reason, one of your prime concerns would be the EMI that you will have to pay. It is an important part of the decision, as EMI has to be paid month after month for years. So you don’t want to get stuck in a loan repayment schedule that is unmanageable for you. Isn’t it?

It is for this very reason that experts suggest that you calculate your loan EMIs even before applying for a loan. Now even though the loan amount you need depends on your requirement, you need to be aware of your repayment ability. You just can’t take a loan with EMI of Rs 25,000 when your monthly income is Rs 30,000. It’s not feasible or sensible.

Handy Apps for Any Working Profession to Maximize Time and Effort

If you are someone who has great responsibilities in the workforce but strives to find a balance between career and your personal life, you probably already know that efficiency and practicality are huge in reaching your goals. There is no doubt in my mind that technology is the reason why we are capable of so much in the relatively few hours we are given each day to make the most of what we are given. Our cell phones, whether through a pre-paid plan like Straight Talk or a contract plan like Verizon, give us the ability to organize, consolidate and be more efficient through the endless apps available to us. 

10 Questions of Workmen Compensation Insurance Answered

Infographic by SecureNow

Car Insurance Should you opt for a higher voluntary deductible or not

While one part of a deductible is compulsory, the other is subjective, and therefore, before going for a higher deductible option, one must carefully analyse the situation to avoid risk. 

Be it, shopping for clothes, buying vegetables, or making any other purchase, we Indians always look for ways to ‘extract’ maximum benefits by paying a lower price. And when it is about buying a car insurance policy, our entire focus is diverted towards saving even the last penny. After all, it comes handy only ‘if’ something goes wrong and that ‘if’ will never happen (at least we all think so).

3 SIP Investment Tips for Beginners

Timing the stock market is not simple if you do not have the experience and knowledge. One way to earn higher returns is to choose equity-oriented mutual fund schemes. You may further opt for a Systematic Investment Plan (SIP) to follow a disciplined investment approach.

With an SIP, you invest a fixed sum at periodic intervals, monthly or quarterly in your chosen mutual fund scheme. This eliminates the need for you to time the market while ensuring compulsory savings.

Here are three beneficial tips for investing in SIP if you are a beginner.