Prepayment of home loans

Friday, September 18th, 2009

If you suddenly run into good fortune and have spare cash, consider prepaying at least a part of your loan, at one go or annually. This way, your principal will come down and your years of indebtedness will get reduced. Best of all, it will considerably cut down the total interest amount you will pay. [...]

Hapless card holder

Friday, September 18th, 2009

It is a very sad condition for card holders, who lose it. Although many banks deactivate credit cards as soon as the card holder calls in to say it is stolen or lost, others require a written complaint, along with a police FIR – and that too during office hours. In the meantime, a thief [...]