Personal Finance – What is a down payment ?

A term such as a down payment may seem obvious to many people who have experience in dealing with financial matters, but it makes a lot of difference to somebody who is getting into the matters of loans, EMI’s, etc for the first time. I know a lot of younger people who did not plan […]

India Consumer: Banks levying charge on pre-payment

You have a loan from a regular private sector bank, and your loan is for a 15 year period. Most people I know, including you, will not want to have the loan continuing for the full period of the loan, and would rather do prepayments as much as possible. However, banks apparently charge an interest […]

Individual finances: How to manage when loans are killing you

I read an article that took a situation where a person was in real trouble financially, and what the person can do in such a situation that could help. The situation was one that many of us can relate to – in times of good money and a good job, your finances and projections for […]