Finance Forum India

There are several things that need to be ticked off from the list when you are going to study abroad. When it comes to the US, the things remain the same along with a few more. Arguably, the most important one amongst many is getting international travel insurance before you set off to live the ‘American Dream’. Let’s find out why. The importance of buying overseas travel insurance when going abroad for studies cannot be understated. The fact that around 30 Indian students were deported because of nonadherence to immigration formalities is a testament to this. It is estimated that there...

We all have multiple financial goals. And one important one for most people is to purchase a house of their own. But sadly, houses are extremely costly these days and it requires a lot of money to purchase them.   But house is not the only goal. Isn’t it? Proper education of the children, their marriage, planning for own retirement. All these have to be taken care too.   But sadly, one only has a limited income to invest towards all these goals. Let’s take an example to better understand this.   Suppose you earn Rs 1 lac a month. Now...

The demand for used cars in India has seen an exponential growth in the last few years. This is because such vehicles offer good value for money.  A large number of dealers provide a wide range of pre-owned models from different brands. In addition, such used cars are well-maintained and reliable, which further boosts the demand for these. A quick and easy way to search for the right hatchback is to check online. Tata Capital offers an online car store where you may compare various models and brands. Here are four popular hatchbacks listed on the store. 1.    Maruti Suzuki Alto...

Several car owners upgrade their vehicles periodically for various reasons, such as to purchase a high-end model or prevent maintenance costs. As a result, the market for pre-owned vehicles has increased at a significant rate. Used cars provide good value for their prices, which is why many individuals opt for these cars. In addition to a wide range of used cars to choose from, availing of credit facilities to fund the purchase is easier. Most lenders in India offer attractive deals to encourage individuals for buying used cars on loans. Such facilities are available for all types of vehicles, such as...

If you are looking for ways to reduce the Equated Monthly Installment (EMI) on your second-hand car loan, you must keep in mind certain factors. Here are five tips that will help you decrease the auto loan EMI. 1.    Consider the loan tenure Banks and Non-Banking Financial Companies (NBFCs) generally offer car loans for as long as five years. It is common that you opt for longer loan tenure to reduce the EMI. However, by doing so, you pay more interest over the loan tenure. The EMI comprises a higher component of interest instead of principal, which results in you paying...

The thrill and excitement of driving home a car – whether new or pre-owned, is definitely a lifetime experience. But, this excitement should not deter you from following few rules before signing off the purchase and car loan documents. The auto market has been in the path of including some or the other innovation in each of their launches. The innovation could be in the design, technology, or performance of the car. And, this trend is seen across all manufacturers – domestic and international. Such inclusions certainly compel car enthusiasts to opt for a new buy. The smart launches by automakers...

A study conducted in the field of life insurance and health insurance revealed that while purchasing health insurance, women prioritize preventive check-ups, maternity benefits, and cover for diseases that arise out of lifestyle choices. Most women state that check-ups are the determining factor when it comes to narrowing down a health policy. Although most plans do not offer any preventive services, a preventive healthcare cover comprises diagnosis and prevention. Early detection Many diseases may become critical in the future and result in inflated medical bills. Routine check-ups help screen and detect life-threatening diseases in their initial stage itself. For chronic diseases...

Securing the health of family members is best done with an insurance policy. Potential buyers may choose between an individual plan and a family floater. Making the decision between these options is not easy and understanding the differences may be beneficial. Family floater plans These family health insurance plans cover all the family members under a single plan. The fixed coverage is shared by all the members. Moreover, the premiums on family plans are lower than individual policies making the former more economical. Individual plans These health policies provide the benefits included in the insurance plan only for the policyholder. If...

The prospect of going to a foreign country as a student can be a set of mixed reactions. You feel excited about the idea of exploring new avenues and learning. But, at the same time, you may have apprehensions and worries with the notion of being all alone in unfamiliar surroundings. There are a lot of things that may not be under your control abroad. Things such as food, the hostel, your academic environment or even the local safety for that matter are some of them. That being said, there are indeed certain aspects that you can take care of in...

Suresh Mehra, 32, and Ramesh Mehta, 33, have been friends for a long time. They went to the same school and same college. They even took up jobs in the same industry and, earlier this year, they both decided to renovate their houses. Given the cost involved, both Suresh and Ramesh decided to each take a personal loan. Suresh visited many banks to gather information and apply for the loan. Meanwhile, Ramesh applied for the loan online. Why did Ramesh not do the rounds of banks like Suresh? Why are more and more people availing personal loans online? Here is why:...