Manking Personal Finance Easy
If you need money urgently and the requirement does not qualify for a specialized loan category such as a car loan or a business loan, it is advisable to opt for a personal loan. While one typically applies for a personal loan from a bank or an NBFC (non-banking financial company), one can consider opting…
The gap between CXO compensation in India and the US may be closing as multinationals and Global Capability Centers (GCCs) reward leadership with handsome base salaries, bonuses and stock options, executive searches and hiring from firms like EMA Partners, Insist Consulting, Michael Page, say Randstad, Teamlease and Avsar. While US CXO salaries have risen 15%…
Indians traditionally prefer jewelry made of 22-carat gold, which contains 91.7% pure gold, while 18-carat gold contains 75% pure gold and 25% other metals. File. | Photo credit: Reuters Rising gold prices have led many Indian families to opt for lightweight and lower-carat jewelry to stay within their budgets, industry officials said. “I wanted to…
The Federal Reserve cut its key interest rate by a quarter point. File. | Photo credit: AP The Federal Reserve cut its key interest rate by a quarter point on Wednesday – the third cut this year – but also signaled that it expects to cut rates more slowly next year than it previously expected,…
If you do not have sufficient resources and urgently need money for an unexpected event, then one of the most feasible options is to use a personal loan. While most banks and financial institutions typically require borrowers to submit necessary documents before approving the case, some mobile lending apps tend to disburse loans immediately. These…
To get a personal loan, an individual must meet the eligibility criteria. The applicant’s age must be within the specified age range; the income must be higher than the minimum amount established; must have a stable career with a specified minimum work experience; the credit score must be equal to or higher than specified, etc….
Credit cards are a dime a dozen these days, with banks focusing on specific categories including groceries, shopping, travel, dining, cashbacks and rewards points to acquire customers. What about credit cards for women? Banks now offer credit cards designed exclusively for female customers. Besides ‘HDFC Solitaire Credit Card’ and Union Bank of India’s ‘Divaa Credit…
I am a senior ad executive with a FMCG company in Bengaluru. My wife is a senior Python developer with an IT company. We are currently living in a rented accommodation. We are aiming to buy a house on the outskirts of Bengaluru in the future. We want to understand how we can use SIPs…
Poor urban households’ dependence on informal credit systems remains a key challenge on the path to financial inclusion. Despite advances in formal banking services, more than 50% of India’s urban poor households remain dependent on informal sources of credit, contributing to an unorganized credit market estimated at nearly US$100 billion. This dependency underlines the urgent…
-Name hidden by request First, it’s great to hear that your cousin successfully paid off the mortgage at age 35 and started investing 30% ( ₹45,000 of ₹1,50,000) from his income towards their retirement goal. They also avail the additional tax exemption under Section 80CCD by investing ₹50,000 in the NPS. It is good to…
