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ArjitChalmela

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Whenever you opt for a loan, proper loan planning is extremely critical. Loan planning refers to figuring out the right instalment amount that can fit into your monthly budget without you spending too much on interest payments. With rapid digitization, there is now no need to rely on the lender to provide an amortization schedule. There is a tool available online that can help you with loan planning. This tool is an EMI calculator. An EMI calculator is a tool that can help you calculate the monthly instalment amount on your loan. Using this loan calculator is absolutely critical if you plan to make a loan application. Here are reasons why you should use a loan EMI calculator: Free tool: One of the biggest reasons to use a loan EMI calculator is because this tool is available free of cost. It is available on lender websites for free. You do…

A fixed deposit is one of the most popular investment options. Both young and old investors prefer investing their funds for a short and long term period in an FD. A fixed deposit provides guaranteed and fixed returns for the duration of the deposit and in return, the funds are available only when the deposit matures. With digital banking getting more popular, people are preferring to open a fixed deposit online as compared to opening them offline by visiting a bank branch. Most banks now have mobile banking in place which allows the user to make transactions from their mobile phones. These mobile banking apps provide almost all the services that internet banking provides which means it is even possible to open fixed deposits online through the mobile banking application. Opening an FD online has a lot of advantages which trump opening the deposit offline in a branch. Here are…

Mutual funds are one of the most popular investment options available today. These funds enjoy immense popularity among investors and have given excellent returns over the past years. Investing in these funds has also become very easy with increasing financial education. But before investing in mutual funds it is important to understand what these funds are and their risk orientation. What is mutual fund? A mutual fund is a fund that collects or pools resources from multiple investors and invests the funds in a range of different assets. These mutual funds are classified based on the assets that they invest in. Depending on the asset that they invest in, the risk for each mutual fund will change. As an investor, it is important to understand the risk involved in investing in a particular mutual fund and match it to personal risk tolerance and investment objectives. What is Mutual fund ? Is…

Buying your dream home is not too far away because you can opt for a home loan to finance your house purchase needs. Home loans are very popular and with many lenders offering home finance, getting this loan has become very easy. But before you opt for a home loan, there are a few things you need to know about the very nature of these loans. Knowing these facts can help you plan your loans/ Here are things to consider before taking a home loan: Fees and charges: The loan interest is not the only charge that you will have to pay on a home loan. You will also need to pay loan processing fees. There are no charges for pre-payment or part repayment of a home loan which means you can save funds if you pre-pay parts of your home loan. Loan tenure: The home loan tenure can be…