Remember these things before taking loan

Remember these things before taking a loan

 Remember these things before taking the loan

In today's world there are so many types it's hard to say.

In today's age, the need is so great that many times borrowing - whether to build a house or to educate children and marriage became compulsory, on the other hand, banks and financial institutions also started giving easy loans if that is the case, people take loans from them if necessary. On the other hand, the necessary expenses create pressure on their financing.

In such a situation, the burden of debt gradually hardens and the feeling of drowning in debt is not felt until the water reaches the nose.

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1-Prioritize your needs to balance income and expenditure

2-Create a budget and manage resources, and find ways to get out of debt

3-Analyze the current situation and try to understand, what is the source of income and where the money is spent and where the expenditure should be deducted. If you are unable to pay it even after taking it, do not despair. Yes, these methods have been presented to deal with this situation. Will prove helpful-

4-Make a plan and follow it - usually, enough money should be kept to start paying premiums from the due date, any negligence in this regard can ruin your credit score if you are a student and you have taken a loan for education unless If you can pay due to unemployment, but contact the bank immediately if the lender really tells you about your situation, the lender will not only help you find a job but will also help you repay the loan.

5-Extend Pay Period - Discuss with bank employees and keep them informed about their current financial situation so that one can reduce EMI stress, you can find more earning options even after getting more time.

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6-Anyone can go for rescheduling - loans under a modified scheme with simple terms and conditions or more favorable terms, for example, in many cases the weak or reluctant co-applicant is allowed to replace the strong co-applicant.

7-Existing assets help - a borrower can use his property to get a mortgage and if you have shares you can get rid of the debt crisis with the help of equity. If you have a good credit background, you can benefit from lower interest rates and lower premiums

8-Try Settlement Settlement - Use your negotiation skills to reduce the burden of Settlement, you can pay a single amount in a very short time to get the total discount from the donor, but for that your decent percentage should be there. Be extra careful with written documents before paying reps

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Best 10 Reasons to Invest in Mutual Funds in 2021-2022

Reasons to Invest in Mutual Funds 

Best 10 Reasons to Invest in Mutual Funds in 2021-2022

Anyone who follows financial news has heard of mutual funds and knows that the stock market has generally risen for more than 200 years (with various ups and downs). In fact, in many ways, the stock market has made more money for people than any other investment in the last 100 years, and it has become more reliable! If you want to save enough money, you must include stock in your investment!

However, most people who "invest" do not study the market. They don’t realize it and don’t have time to manage their portfolio intelligently. This is the place where shared assets come in.  I respect that others have other opinions, and of course not all mutual funds are well managed - you have to choose wisely and take the right precautions! But, for most people, a good, solid, boring mutual fund is the golden path to wealth.

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Here are my top 10 reasons for mutual funds:

1. Selection. You can choose from thousands of funds (you will find the one that is right for your needs) and you can easily use the information about them. Magazines like "Money" are easily available. There is a lot of credit union information, and your local library is a gold mine - and so is the internet.

2. You can start small. Most mutual funds let you start with less than 1000 1000 and some will let you start with just $ 50 if you set it up for an automatic deposit. I've spent more than this in restaurants! There is no reason not to consider it!

3. Simplicity. You save 10% of your income each month. Pay yourself first, then pay the mortgage, then pay everyone else.

4. Professional management. II don't generally have the opportunity to explore, select and monitor personal stock. So, I pay a small fee to a professional to do it. A decent asset supervisor will make you rich!

5. Compound interest. Which indicator you choose depends on the United States. The stock market has grown at an annual rate of more than 12% over the last 10 years and has remained in the same position for almost 20 years. The market has its good and bad times, but the good news is that you don't care! In 10, 20, or 30 years, the system always works!

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6. Dollar costs average. The details are complex, but investing every month, up or down the market, gives you a tremendous incentive to math. Your "average cost" will always be lower than the "average price" you paid! And that money is in your pocket!

7. Diversity. A broad-based development fund usually invests in dozens of companies in different industries, sometimes in different countries of the world. If one stock goes down, expect dozens more to go up. These funds have excellent security and sound risk management.

8. Skills. If you like, and if you do research, there are some funds that invest in very few companies. If you can take the extra risk, you can put resources into a specific industry, or in a country, or in a company of a certain size, or then again be liable for the climate.  This skill offers the potential for greater profit, but it can also lead to more potential risks. Study before investing!

9. Fund "family". Most are offered by mutual fund management firms that sponsor different funds for different purposes. They make it easy to move your money into funds, so you can make quick phone calls or adjust your investment over the Internet as your goals change.

10. Speed ​​Once you start, your excitement increments. . At the point when you have cash "keeping watch", you will track it, manage it, and in all likelihood increase your desire to save. On the off chance that you experience difficulty saving before ..get started! That monthly statement will be a positive reminder to do more.

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Yes, you should first invest in tax-dependent retirement plans, and yes, there are different potential outcomes to contribute. And yes, there are some risks, since the market could go down. But for the rich to retire, choose a great, long-haul improvement reserve, invest regularly, and let the system work for you! The key, as always, is to get started!

Here is your success!

Warning: If you received this SMS, be careful!

Warning: If you received this SMS, be careful! Otherwise, the bank account will be empty in a few minutes

Warning: If you received this SMS, be careful!

With new types of phishing attacks, hackers are targeting banking customers in India as bankers. He is collecting sensitive information like his internet bank,  portable number, and once-secret key (OTP).

The Indian Computer Emergency Response Team or CERT-IN has warned all citizens living in the country about the new scam. This admonition is about bank misrepresentation OR bank fraud. Security agencies have noted that hackers are launching new types of phishing attacks targeting customers as bankers. Hackers are using the Engrock platform for this. Phishing attacks are forcing users to access sensitive information such as their internet bank credentials, one-time passwords, phone numbers, and more.

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Explain that Engrock is a special web application. Fiscal represents a situation where fraudsters steal victims' OTPs by sending passwords, logins, and credentials to trusted organizations.

CERT- mentions that Indian banking customers are being exposed to new types of phishing attacks using the Engroc platform. Fraudsters using these phishing websites are stealing customers' sensitive information and emptying their accounts in a pinch.

Let us know how you can avoid this scam-

Security agencies have uncovered phishing attacks to steal users' sensitive information. The suggestion states that customers usually receive an SMS with ngrok.io ending with a phishing link. The SMS peruses: "Dear client, your xxx financial balance will be suspended. Please verify KYC by clicking on the link below. Click on the link." " The office has joined an example to the exhortation.  It states that fraudsters send a link that ends with ngrok.io/xxxbank. Some of these messages are sent to users. Most people click on such messages because when you receive such messages. , So you rarely check the source or pay attention to small details. It is very easy to deceive fraudsters.

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When a user clicks on the URL provided in the message and logs in to the Facebook website using their internet banking credentials, the scammer receives an OTP that is delivered to the user's phone. The reader then enters the OTP on the website, which has been caught by the hacker.

Here's how to avoid it:

Ignore messages from suspicious mobile numbers. The bank should be notified immediately of any unusual activity related to your bank account. Meanwhile, information about phishing websites or suspicious messages can also be provided at CERT-in event@cert-in.org.in.

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Best medium duration funds to invest in debt securities

 You can choose all these medium duration funds to invest in debt securities

Best medium duration funds to invest in debt securities

There are many types of funds available for investment in debt securities. You can think of a medium-duration fund for investing in debt securities for one to three years. It can be seen as an alternative to bank deposits. Let's take a look at the whole dozen funds in the market. Their Crisil rating will also be mentioned in the discussion. Note that the lower the Crisil rating, the better. Rating 1 to 5. 1 is the best. 2 is also very good.

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Crisil rating of IDFC Bond Fund is 5. Its growth rate in the last six years is 1.53 percent.

Crisil rating of Sundaram Medium Term Bond Fund is 4. Its growth rate in the last six years is 0.69 percent.

Crisil rating of SBI Magnum Medium Term Bond Fund is 4. Its growth rate in the last six years is 2.79 percent.

Crisil rating of DSP Bond Fund is 3. Its growth rate in the last six years is 1.73 percent.

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Crisil rating of HDFC Medium Term Debt Fund is 3. Its growth rate in the last six years is 3.13 percent.

Crisil rating of Axis Strategic Bond Fund is 3. Its growth rate in the last six years is 3.17 percent.

Crisil rating of ICICI Prudential Medium Term Bond Fund is 3. Its growth rate in the last six years is 3.32 percent.

Crisil rating of Kotak Medium Term Fund is 3. Its growth rate in the last six years is 2.49 percent.

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Know the profit or loss if you want to stop your insurance

Bought life insurance for savings, don't want to run? Know the amount of profit or loss

Know the profit or loss if you want to stop your insurance

At the age of 55, Babu bought life insurance for 12 years for Rs 6 lakh. Premium on quarterly Rs 19,000 after retirement. After retirement, he calculated that he would have to pay a premium of Tk 6 lakh 7 thousand. Since the endowment will be added to the bonus and part of the profit. So when the savings decreased after retirement, he did this insurance with the idea of ​​making up for those savings again. The question is whether it was right as a saving strategy. That has become hot. What is the road in front of him now?