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Finance Forum India

Share your thoughts on finance education, economic developments, capital markets movements or your professional experience in the field of finance.

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All about Interest Subsidy on Personal Loans for Education

It often becomes difficult for aspiring students to fulfill their dream of higher education, owing to financial hurdles. The cost of education is very high, especially for foreign studies. The expenses incurred for courses abroad include tuition fee, accommodation cost, and lifestyle expenses. Though scholarships reduce the financial burden of students, not everyone is able to secure one. For this purpose, the government of India has launched a scheme, known as Padho Pardesh, to provide interest subsidy on loans taken for the purpose of higher education overseas. This scheme is applicable for students belonging to minority communities like Sikhs, Buddhists, Parsis,...
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Home loan approvals just got easier

Manish had to go to the bank more than five times just to speak to his home loan officer. After finally managing to meet with her, she told him about the long list of documents he needed to submit. He would require photocopies of his ID proof, address proof, and more. Manish did the needful and went to the bank the following day to submit his application. Unfortunately, the officer was on leave, and her colleague handed him another long and complicated form, which he somehow managed to fill up. After the officer returned from her leave, Manish finally submitted his...
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Demonetization - Should you Buy your Dream Home now?

The real estate market in the country is on its path to revival. Now that the demonetization of larger currency notes has kicked in, small builders as well as credible developers struggle to launch new projects or even meet deadlines. This is a result of unaccounted money getting wiped off from the market and they simply can’t raise enough funds to meet the committed timelines.   Real Estate Regulatory Authority (RERA) is going to put a bunch of not-so-credible builders and even brokers out of business. Every home buyer is now protected from such players who have ulterior motives, which has...
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All About Tata Capital Home Loans

While purchasing a property most people check their savings to determine their budget. It is not uncommon for many individuals to postpone or even drop their dream of purchasing a home due to lack of funds. However, with home loans, most buyers may achieve their dream becoming homeowners. Tata Capital Housing Finance Limited (TCHFL) is a fully-owned subsidiary of Tata Capital. TCHFL has been offering home loans to large number customers through its wide network of branches. The features and benefits of these products like competitive interest rates, flexible repayment options, and longer loan tenure have helped TCHFL become a successful...
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How Low-Income Individuals Can Avail of Tata Capital Home Loans

It is a well-known fact that there is a huge shortage of housing among the Indian population. The government has launched the ‘Pradhan Mantri Awas Yojana’ (PMAY) with the objective of providing homes for all citizens of India by 2022. Several developers have planned new housing facilities that would be affordable for the poor living in the urban cities. While developers launch reasonable housing projects, financial institutions across the country are announcing home loan offers for this segment of Indian population. Tata Capital’s subsidiary Tata Capital Housing Finance Limited (TCHFL) has recently launched a new scheme for the low-income buyers. The scheme...
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Difference Between Personal Accident and Term Insurance

With increasing awareness about the importance of medical insurance, life insurance, cashless health insurance, more people are including such coverage in their overall financial plans. To ensure each person is able to find suitable coverage, insurance companies offer different types of policies. The vast number of options available to buyers often results in confusion while selecting the most appropriate policy to suit their personal needs. Most people are unaware of the difference between a personal accident plan and a term policy. Before discussing the differences between these two policies, it would be beneficial to understand each of these plans. What is...
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Best Investment Plans For Salaried Individuals

Young individuals in their early 20s generally do not consider financial planning as one of their most important priorities. However, the biggest advantage of investing early is to enjoy the benefits of compounding. This means you earn returns on the capital as well as the profits, which enables higher wealth creation. Several youngsters are confused between investments, insurance, mediclaim policy and savings. Investing includes purchasing financial products that offer future returns. On the other hand, savings refer to retaining a certain amount of money in avenues like a bank account. When you save money, you do not expect to make as...
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Tata Capital Used Car Loans – When You Want More Dash, For Way Less Cash.

Vishal Mhatre was a 29-year old marketing executive who’d moved to Mumbai from Nagpur in 2009 when he landed a plum job with a leading corporate. He loved the on-job learnings, and the buzz of Mumbai, but what he didn’t factor was the sheer enormity of day-to-day living- the exorbitant rents, the insane commute times, the traffic, the expenses on entertaining oneself… etc. etc. To bring some order to his expectations vs. income, he did the following things: -          Rented a shared accommodation in Andheri, a far-off, but accessibly-priced option in comparison to localities near his office. -          Started commuting by...
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5 Factors You Must Take Into Consideration before Expanding Your Business

  Rita was happy with the way wedding planning business was performing. But after doing the same thing for seven years, she wanted to bring some changes into her business. This is when she decided to expand. Her new plan included catering to more areas of the cityas well as high-budget weddings. She also wanted to getmore creative decorations to attract more customers. This meant hiring more people as well as other down payments. While her profits were more than enough to cover this, a good friend suggested that she opt for a business loan. This decision paid off because three...
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Why you should separate your business credit from personal credit

  Ramesh, a promising young entrepreneur, needed a loan for his business. He had a good personal credit history. His borrowings were few and he had a timely repayment record. He wished to use his strong credit history to get a low-interest individual loan for his business. So, he consulted Sunil, a seasoned businessman with a great understanding of finance. Sunil advised him to keep his business and personal credit separate. Sole business owners often make the mistake of taking individual loans for their business. But combining business and personal credit can be a problem. It can jeopardise your financial health...
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