Ten years down the line, they decide to close the loan by paying off the ₹1.59 crore outstanding principal, having paid ₹40.56 lakh towards principal. The overall cost of the loan would be reduced to ₹2.96 crore, compared with ₹4.43 crore if they continued the loan for the full tenure, with 15 years remaining. This would result in savings of ₹1.47 crore.
In the age of AI, what additional value does a financial adviser really bring?
An urgent requirement of ₹2 lakh can arise suddenly due to medical expenses, accidents, home repairs, educational needs or other unforeseen financial emergencies. While adequate savings can help individuals avoid expensive debt in such situations, those without sufficient funds may be forced to consider a personal loan, credit card borrowing or other forms of debt…
When you cross the age of 35, life takes a fresh direction. This age brings immense changes and developments to one’s life. Some major examples include career growth, home ownership, ageing parents, marriage, parenthood, and increasing financial commitments. These major developments make this the opportune time to re-analyse and reassess one’s financial strategy and long-term…
Nifty closed last week on a weaker note, remaining stuck in a broad 23,800–24,700 range. Analysts said the index needs to clear the 24,350–24,400 zone to show signs of real strength. While some recommend buying with hedges, others favour sell-on-rise trades. MEHUL KOTHARI, DVP – TECHNICAL RESEARCH, ANAND RATHI SHARE AND STOCK BROKERS Trading Strategies…
A ₹5 lakh savings corpus can provide an individual with more than just a financial cushion. It can be the starting point of a well-thought-out investment journey. All it takes is proper planning and long-term vision. Still, with options ranging from fixed deposits, mutual funds, gold, bonds, and equities, deciding where to put the funds…
The 8th Central Pay Commission (8th CPC) is in its consultation stage now, with plans to interact with employee and pensioner associations, federations, unions of central government, UT employees and other stakeholders across the country. Chaired by former Supreme Court Justice Ranjana Prakash Desai, the commission includes Pankaj Jain, a former IAS, as Member-Secretary, and Professor…