You are paying more, not saving: CA Nitin Kaushik explains why 'affordable car' through EMI might be a trapA ₹25,000 monthly car EMI over five years totals ₹15 lakh, but the real cost, including interest and depreciation, is significantly higher....
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
Techie earning Rs 2.8 lakh per month, struggles with minimal savings: ‘High income doesn’t mean…’A tech professional earning Rs 40 lakh annually struggles with minimal savings due to significant EMIs on a Rs 2 crore flat and a car, alon...
Man earns Rs 40 LPA in tier 1 city yet his monthly savings is just Rs 5,000: ‘You don't feel broke until…’A tech professional's viral post on X revealed a friend earning Rs 40 lakh annually in a tier 1 city, yet saving only Rs 5,000 monthly. Hig...
Wealth building mistake many make: CA warns about 'automation' trap that quietly drains bank balances every monthA Chartered Accountant has highlighted how rising EMIs, rent, SIPs, and other automated deductions are leaving many salaried individuals wi...
Stock, mutual fund investing from Tier-2, 3 cities grows fast, but limited awareness, advisory gaps remain key concernsEven as individuals from Tier-2/3 cities and beyond are rapidly embracing the world of stocks and mutual funds, gaps in advisory and awaren...
How inflation and RBI repo rates influence personal loan interest ratesInflation's rise impacts living costs, prompting the RBI to manage it via the repo rate. Changes in this rate directly affect personal loan...
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
Personal loan mistakes that cost you lakhs: 9 rules every borrower must know before signing
'Din me employee, rat me Rapido drive': Watch viral video of a father who works for 15 hours to pay Rs 20 lakh loan EMIsAn Indian father works over 15 hours daily, juggling a day job and gig work to manage loan EMIs. The video shows him returning home late, p...
Boosting Rs 1.8 cr retirement corpus to Rs 9.1 cr: How your 8% salary hike can easily increase your SIP by 20%Boosting SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat...
Are loans pushing young earners into a trap? 22-year-old with good salary questions EMI culture. ‘Shouldn't people just save up instead’A 22-year-old earning well sparked an online discussion after questioning the growing reliance on EMIs for big purchases. Sharing a past st...
One small EMI tweak that can save you lakhs and reduce your home loan from 20 years to 12Financial expert Nitin Kaushik reveals a simple strategy to shorten home loans. Paying one extra EMI annually can cut a 20-year loan to 15 ...
3 ways to repay a home loan quickly by making changes in the payment cycleWith rising interest rates scenario leading to higher EMIs or longer payment period, it makes the situation even more difficult. So, people...
5 tips for home loan borrowers to lower EMIsThough many banks and housing finance companies offer loans, they can significantly differ in the interest rate that they charge. So you ma...
8 small tweaks that can lead to big savingsEven seemingly small tweaks can have a significant impact on your savings over the long term.
- Tips on how to keep your EMIs constant
There are 3 options; pre-pay a part/whole of the loan, switch to a fixed-rate loan, or increase in tenure.