December 2009 « Indianprofits.com

December 25, 2009

Home Loan Switch Over

Filed under: Economy — Tags: borrowers, commitment fee, emi, fee registration, finance loans, financial institution, fixed interest rates, floating point, formalities, home finance, home loan interest, home loan interest rate, loan interest rate, monthly budget, other ones, prepayment penalties, rate home loans, registration fee, repayment period, stress strain — admin @ 10:52 am

Taking a home loan nowadays has become very simpler. The stress-strain situation of increasing home loan interest rate has been felt badly by most borrowers in the recent past time. Five years ago, the housing finance loans are came at an interest rate of 16-18%. But now they are available at 11-13%.Instead of all these, ‘home loan switch over’ schemes are more attractive for the borrowers as they offer floating point interest rates. That is switching to other financial institution that offers lower interest rates.

There are so many ways available to you for handling your home finance. Number of options is there to choose for reducing your prepayment amount. One option is to reduce the EMI to handle your monthly budget. Switch over the loan to the other one which offers a lower interest rate is another promising option. For easy handling, select the better route.

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December 24, 2009

Mutual Fund Trading

Filed under: News and Views — admin @ 10:28 am

Over the last ten years, mutual funds have become extremely popular. Mutual fund is simply defined as a professionally managed investment scheme that brings together money from many people and invests in stock market, bonds and other fund related assets. In this investment scheme each investors have their own shares, which represents a portion of the holding of the fund.

The mutual fund can be bought through many sources such as banks, trust companies, mutual fund dealers, brokerage firms etc. For getting maximum returns; you should have to choose the best way. Today there are thousands of investment opportunities are there in the stock market, an investor must have to lean basic knowledge about the business procedures.

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December 15, 2009

Investment options for senior citizens

Filed under: Economy — Tags: capital appreciation, different financial institutions, different kinds, dividends, drawback, earnings, effective yield, insurance products, interest rate, investment option, investment options, investment products, mutual fund, mutual funds, period of time, post office, retirement, senior citizens, suitable investment, tax deducted at source — admin @ 5:59 pm

Have you listen the new ideas about the major investment options for senior citizens? The search for higher returns is now becoming a fairly common one. Life expenses are rising significantly and life styles are improving day by day. There for senior citizens have to face so many troubles related to their savings. Thus to live in better mode after retirement, it is necessary to choose the best investment option.

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Choosing the right investment option is absolutely a tough task. Retirement specifies the beginning of a new phase in an individual’s life. It is a transition from a lifetime of work to a time when one can relax, spend time with the family and pursue other interests. Without a regular income, they have to spend their earnings before retirement for all his needs.

So, they need to find suitable investment plans to overcome these risks. Now many financial products offers high return packages. They provide a regular flow of income. Some of the important investment options are listed below.

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December 12, 2009

Advantages and disadvantages of personal loan

Filed under: Economy — Tags: ade, bank interest rate, employment changes, financial institutions, flexible terms, guarantor, loan amounts, loan money, loan product, loan provider, misery, personal loan, personal profile, property loan, repayment options, repayment period, restriction, secured personal loans, two kinds, unsecured personal loans — admin @ 5:51 pm

At any situation you don’t have enough cash for your need; personal loans will surely help you to overcome the misery. Personal loans are most probably the fastest and easily available loan product. However compared with other loans such as home loan, property loan etc, it is more costly. From bank to bank interest rate will vary based on your personal profile. As the nature of your employment changes, the interest rate should vary from 12-24%. There for before taking a personal loan, you should ensure that you get the best deal for your profile.

There are two kinds of personal loans. Secured personal loans (needs guarantor or security) and unsecured personal loans (doesn’t need guarantor or security). As compared with other kinds of loans they have some limitations. In the same way, benefits are also there. Even if personal loans are almost the best option for your urgent cash need, but you must have to take care of the benefits and draw backs related to them before going for a personal loan.

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December 10, 2009

Mobile Banking How and What

Filed under: Economy — Tags: account balances, banking sector, banking services, bill payments, card customers, checking account, credit debit, customer relations, drawback, financial transaction, finger tips, main source, mobile banking, money transfer, new revolution, new technology, new trend, security constraints, short message, sms banking — admin @ 6:07 am

Mobile Banking

Now life styles are extremely fast as compared with the past. As the technology grows day by day, new revolution in each industry emerges and shining. We are going through the evolution of such kind of a digital world. That is everything that needs more time to handle will be available to operate with in seconds by the help of new technology. Mobile banking(M-banking or SMS banking) is such a new trend technology, it means a financial transaction conducted by logging on to the bank’s website using cell phone for checking account balances, money transfer, bill payments etc. Result will be sent back to the customer by a short message. Thus Cell phone (GPRS/WAP enabled) is the main source for this concept.

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December 8, 2009

Insurance to meet financial needs at different stages in life

Filed under: Economy — Tags: burglary, common fund, coverage options, economic loss, economist, financial crisis, financial losses, insurance products, insurance sector, insurer, investment plans, long term investment, mutual fund products, occurrence, perils, point values, premium rate, risk assessment, stock point, unexpected events — admin @ 5:54 am

There is no superlative down in the insurance sector as we are passing through the days of financial crisis. Day by day economist’s analyzes the financial growth and retardation in each financial industry including insurance sector, a small down is notified only in mutual fund products. This is due to the down of stock point values.

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Insurance is simply a tool that can reduce or eliminate risks associated with life and property and also helps to develop long term financial plans there by getting high financial returns. The risks which can be insured against include fire, perils, death, accident, burglary etc. Insurance is thus simply a contract between the insured (a person who buying the insurance, also called policy holder) and insurer (company selling the insurance), the insures pay the financial losses suffered by the insured as a result of the occurrence of unexpected events. With the help of insurance, large number of people exposed to similar risk makes contributions to a common fund. These funds contribute to share the insured person’s loss. Different insurance products guards in a specific way as they have their own coverage options.

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