Until a few years ago, people used to borrow money from family and friends when they needed extra funds for various expenses. However, times have changed, and millennials now prefer securing instant Personal Loan to support their affluent lifestyle. With increased financial knowledge and repayment capacity, they often opt for a loan instead. Besides these

Most banks have raised their home loan interest rates after RBI raised its repo rate by 25 basis points two weeks ago. The RBI raised the repo rate by 250 basis points between May 2022 and February 2023. The banks have transmitted almost all of the rate hikes or will do so soon. It means

Taking the probability distribution of the possible returns an investment can generate into account, investors can estimate the expected return on their investments. A variable with an unknown value will have different probabilities depending on its value. Calculate the expected portfolio return by multiplying the potential outcomes (returns) by their chances of occurrence and then

We’ve learned from this pandemic outbreak that emergencies can happen at any time, and the only thing we can do is be ready and prepared for them. Emergencies, including natural disasters like earthquakes, floods, health conditions that force you to miss work, and economic downturns that cause job losses and salary cuts, aren’t in your

The concept of retirement came from the fact that a person is incapable of working till he drops dead, as his or her physical and mental health declines and thus should refrain from it for the last few years of life. During this retirement period, a person generally does not have a financial influx similar

Saving money is a crucial habit when it comes to the question of long term financial success and investment. If you have money saved, it will put you at an advantage when it comes to taking advantage of certain situations, and they can be as diverse as opting for that new course that you always