Greece is the birthplace of Western civilization, modern democracy, the Olympic Games, new ideas in science / art / philosophy and also the birthplace of Alexander the Great. About 2,500 years ago, the Greeks created a way of life that other people admired and copied. Now, Greece is falling apart. Greece’s economy is on the […]
Loans & Credit
Mudra Bank – Details, Objectives & Benefits
In his last Budget speech (2015-2016), Finance Minister Arun Jaitley proposed to set up a ‘Micro Units Development Refinance Agency (MUDRA Bank) with a corpus of Rs 20,000 crore. He said that there are around 5.77 crore Small Business units, mostly individual proprietorship, which run small manufacturing, trading or service businesses. These sole-proprietors or entrepreneurs […]
RBI cuts Repo rate : Impact on your HOME LOAN
On 15th Jan 2015, the Bombay Stock Exchange index (BSE – Sensex) surged around 700 points, its biggest single-day gain in eight months. On the same day, major nationalized banks like Union Bank of India and United Bank of India cut their Base Lending Rates (BLR). The next day all major Newspapers carried an important […]
Promissory Note & Loan Agreement : Details & Sample Templates
A friend in need is a friend indeed. We generally approach our friends or close family members when we are in need of any financial help. We lend (or) borrow money based on mutual trust. Usually these types of loans (hand loans) are unsecured. In most cases, the terms and conditions of a loan are […]
Do you have Good Debt (or) Bad Debt?
It has become almost next to impossible to live Debt-free. Most of us cannot buy homes or fund kids’ education or buy a car by paying up-front in cash. As a thumb rule, 30 to 40% of your income can be used to pay long-term debts (loans). This is one of the metric that most […]
Property investment : How to unlock its value?
Investment in a property can be highly profitable. But when you need cash to meet your unexpected expenditure (like medical expenses or child education expenses) it may not be possible to sell it. Infact no one would like to sell their property to meet short term unexpected expenses. Real life experience: One of my friend […]