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Showing posts from June, 2021

Applying for a Wedding Loan? Keep these 4 Things in Mind

Your wedding is one of the most memorable milestones in your life, and all of us have thought about having the wedding of our dreams multiples times. While a wedding is the coming together of two souls, in India, it is the coming together of two entire families. Any parent would wish to see their child wed amidst pomp & splendour, and in India, that’s exactly what happens. Here, the norm is, “the bigger, the better”. Having luxurious, themed parties lasting three days (or more) has become the norm now. While there are a lot of memories waiting to be made amidst all the celebration, nobody can deny that it comes at a staggering cost. Weddings know no concept of a budget, because there’s always something that overshoots it.  So, if what do you do when you want extra money to fund the wedding of your dreams? You take out a personal loan for wedding Loan , of course! This is a personal loan offered by banks and NBFCs in India to help people finance their dream wedding. Here are four th

4 Simple Ways to Boost Your Net Worth

If you don’t understand why it’s important for you to track your net worth (yes, your net worth), it’s because your net worth is a good indication of your financial standing. It’s also pretty easy to arrive at: all you need to do is subtract the value of your liabilities from the total value of your assets. It’s common to see the media report the net worth of various celebrities from time to time. So, it’s understandable if you feel the only way to build net worth is if you’re earning a large salary every month. Also, contrary to what you read in the news, having luxurious mansions and fancy cars doesn’t automatically mean you have a solid net worth. In this article, we’ll tell you four simple ways to boost your net worth:  1.Find Out Where You Stand The first step in calculating your net worth is finding out where you stand. Your current net worth will give you a fair idea of how good/bad your financial situation is, and you can take measures to improve it if need be. First, you’ll ne

4 Best Practices to Manage Your Personal Loan

Owing to the convenience factor of taking out a personal loan, it has become a sought-after mode of availing of emergency funds today. There's no restriction on how you can use the loan amount, and you needn't submit any collateral either. No wonder both self-employed individuals and salaried professionals prefer taking out a personal loan to meet financial emergencies. In fact, some financial institutions offer specific Personal loan for self-employed to cater to the needs of this particular segment. But you also need to remember that it's still debt at the end of the day. Debt, which you must clear on time. A personal loan is a means of lessening your financial burden – if you default on its EMIs, it may end up increasing your financial woes. Here are four tips to manage your personal loan better: 1.Plan Your Loan Repayments Early On Whether you plan to take a Personal loan for self-employed or a Personal loan for Salaried , you must plan your repayments early on – befor