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Car Loans

Get Your Own Wheels With A Car Loan.

How long are saving and for what?

This Diwali has a change and invests the saving, get a luxurious feel of a long drive, with the seat booked for yourself.The more you have struggled during your journey of your career will mark a memory towards your lifestyle investments.

Dreaming is what you can afford to do?

How would it be if you dream and get a four wheeler for yourself?There are many who have a house of own and are left perplexed of getting a car for oneself.Buying a four-wheeler for yourself would be very thrilling days of your life.There would be slight emotional decision required.If the individual has not experienced buying a vehicle before and also doesn’t have one, might feel too energetic in getting a bigger and smart choice of buying a car.Thus, buying a car loan would help you in many ways. There are many options left with an individual in setting up the right choice with the saving.When you have in your mind how to go about your savings and deal in buying what is right for you.Going for a Car loan would be the best deal that you have thought of, considering margin of different prices.

Sometimes, you get short of money,but all you have in your mind of buying four wheelers for yourself, all you could do at this time is, get the Best CAR LOAN advice at Money Mindz,this would help you to pay partly for the car you have chosen, monthly you got to invest, keeping in Mind that you have the Car to be yours,

Why would you have a car loan, it would make you flexible, reduces instalments, you get easy internal rates and benefits tax with high security.

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international woman child day oct-11 Free Education Loan Advice - Moneymindz - India's First Free Online Financial Advisory Portal (Education Loan)

Moneymindz – India’s First Free Online Financial Advisory Portal (Education Loan)

Diwali is India’s Famous Festival, given importance overall. The festival symbolizes the light, to enlighten and brighten everybody’s life. On this special festival every human worship the goddess of wealth. The colour of lights unites a family, creates good bonding with neighbourhoods, also have fun with cousins. The festival is not only celebrated in India but also around the globe in different parts, especially were Indians have settled.

As the goddess of wealth helps in blessing you with abundant progress in your well-being. The lights take away are the evil around you, because you have been enlighted by the lamps of lights. Your financial set up must be made stronger to grow and shine in this light of the living, which would enlight your all loss over financial. Smart change over the finance will enlight the day with richness and prosperity. High time to forget your past finial mistake, and grow this Diwali with the Moneymindz, you get free advice over time on your finical settings. After a loss on your financial background, it’s difficult to believe and go ahead to make the come forth of the wealth to build. It’s always good to go about Financial Planner, its good to have mistakes, that would not allow you to repeat again. You got to know to plan out the right things for you before this enlightenment on your financial status.

Moneymindz would enlight this Diwali special lights into your life” to be secured with all financial advice.

The main objectives of your Financial Planning is the 3 major forms to be followed for a brighter burning of Lamp:

  1. The Capital Requirement To Determine: This describes your cost over current and fixed belongings, your daily or personal expenses, your future plans over saving. Your finical growth must be seen in both short and long-term.
  2. To Structure And Determine Capital: The composition of capital is in well in structure to any kind of the business growth. For the long and short term, the decision is in the form of balance due-impartiality- percentage.
  3. To Balance The Financial Policies: To control on lending and browsing or to frame a good amount for future.

Free Financial Advice on Financial Investment, Insurance and Loan by Certified Financial Planners Press Below Button

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For many, it is impractical to imagine life without a Car! Understandably, the modern world is built around automobile travel. Who would love to abandon the comfort and the luxury? But, I can swear, at some point, you would envy a cyclist when he glides past you while you are stuck in the traffic.

Well, there are many more worthy benefits of saying ‘Yes’ to ‘car-free life’, especially if you wish to save your earnings and make right investment choices. Read through this post at Moneymindz to agree with us!

Depreciation:

Did you buy an expensive, brand new car? Congrats, but sorry! You lost lump sum in one go! Cars are usually expensive purchases, after home-purchase. Its large price tag does not make it an investment. Instead, cars depreciate over time. And the money you invested on the car is non-recoverable in full, any day. In simple words, a car is an asset that loses value over time! Whereas, if you invest the amount in a well-diversified portfolio, you have more chances to amplify your investments and get fruitful returns. Right investments help you to make money over time!

Car Maintenance Costs:

Maintenance of the car you own is an added burden. From expensive insurance costs to fuel charges, all make a way to empty your pocket. Even simple oiling and minor repairs cost you thousands every now and then. If all these expenses are accumulated, over the years, you could have a huge corpus in your account. Right investments would make a way to getting you richer.

Health and Social Life:

Without a car, you would walk more than before. If you opt for public transport you become a social being too. If you prefer to go cycling, you would get into shape, without paying the gym. Is it not a great way to secure your health as well as wealth?

Thus, all the above-listed benefits throw light on securing your money and health. Do give it your best shot to lead a car-free life.

On the practical note, when it comes to life without a car, we agree that it is not always easy to avoid buying a car. Circumstances make us dependent and so we may have to opt for a car, as then it becomes a necessity.

What if you cannot avoid buying a car?

As said, when a car becomes a necessity and you cannot help but depend on it, go for the one that serves your needs but not the one that makes you broke in the process. Ensure to buy an affordable car, based on your needs. At times it is important to decide between a small and a big car that fulfills your requirement.

Experts suggest that the total worth of one’s cars need to be less than half of his or her annual income.

Here are more ways to minimize the car-usage:

Car-pooling: Pooling a car is a great way to lessen the travel cost, get social and contribute to the environment. Most companies encourage their employees to pool cars, which is an environment-friendly initiative.

Share Cabs: In this age of private cab services like OLA and UBER, do we really need to rely on our own car?

To conclude, you can save up a lot by leading a car-free life or at least delay buying a car right away. Be a wise investor, by diverting the same amount to right investments that yield returns. It is surely a wise way to get richer. Get richer by cutting down on non-committed expenses. Learn more on buying decisions and how to start saving.

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What is car loan?

A car loan is a personal loan that allows the potential buyer to pay the vehicle off in monthly payments instead of having to pay the full price all at once. This means that a lending servicer or bank will pay off the car in full, while in return the borrower pays off the debt in monthly payments with an interest fee included as well.

Types of car loan:

  • Simple Interest Loans:

Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard monthly payment.

  • Pre-Computed Loans:

Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.

Why should i take car loan?

  • Flexible
  • Flexible contract terms, or length are available (ranging from 2-10 years)
  • Reducing instalments
  • A residual can be applied to the loan, reducing the monthly instalments
  • Easy Interest rates
  • Borrowers have a choice of fixed or variable interest rates
  • Tax Benefits:
  • A tax deduction may be applicable if the vehicle is to be used for business purposes
  • High Security:
  • Lower interest rates are available as the loan is secured against the car

What About Leasing?

As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

Eligibility criteria for car loan:

  • Minimum 21 years of age
  • Maximum 70 years of age at maturity (conditions apply)
  • Minimum Net Annual Salary of Rs. 2,40,000 p.a. for all approved car models
  • Income eligibility based on latest salary slip and Form 16
  • Minimum of 1 year continuous employment.

Keep your documents ready

The following documents are required

  • Age proof
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Income proof
  • Bank statement
  • Signature verification proof
  • Pro-forma Invoice or Rate List

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India is a nation consisting of people from the poor/middle class and hence will be careful in spending their hard earned money. Simply earning is not good enough; you must also know to effectively channelize your savings in a logical fashion.  

Financial Advisors @ Moneymindz is unique, as it is India’s top financial advisory company assisting people of India in offering financial freedom and advisory mobile applications. Moneymindz is India’s largest financial search engine offering free advices. Many people have been educated @ Moneymindz, regarding financial concepts and financial products under one roof.

An unbelievable financial advice can make a vast difference in your life. Pick up your mobile and give a missed call at 022-62116588.

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Insurance is the major component of any financial market. Everybody likes to make quick money. Hence, insurance agents, having greed for incentives, will try to get more customers at any cost.

Ways  A Good Insurance Advisor Can Mislead You:

Some of the ways in which a good insurance advisor can mislead you are as follows:

Insurance Policy Do Not Match:  You will call the insurance company and person visits your house. You will take up policy, after being mesmerised by the advisor. Later you feel that policies do not match your requirement, and can be very disgusting at times. You will become a victim of Mis-selling.

Hiding Facts: The insurance agent, like to hide negative aspect of the insurance. This will put the customer in a fix and will not get full info on insurance.

I have an Insurance, Hence I’m Safe:

Many people in India think that, since I am having the insurance, I am safe. However, that is not the situation, because various insurance is available for various situations. Hence as a smart customer you must be alert, and choose your insurance smartly.

Sweet Thieves: Insurance companies, where the agents are working will have a bad reputation. At this juncture, company forces the agents to sell products/services using various tricks in the books.

Misleading Advertisements:  You should be on guard against bad advertisements/pamphlets and banner ads. Bad advertisements can destroy reputation of the company, your work.

Bogus Company: Company, where the insurance agent belongs will not be present in India. They will try to attract the customer with extra- customer service. Fraud deals can happen at any situations.

Fake Agents: Most of the agents are very corrupt and will pull up customer’s database and sell the insurance policies. The agents will not have proper license to even take up the position of Insurance advisor.

Super Commissions:   To get extra commission, insurance agent takes multiple applications from a single person. You will have serious problem looking and analysing statements of the policies and will get confused.

Hence you can give us a missed call at 022-62116588 and we will guide you

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MoneyMindz.com India's First Free Online Financial Advisors Financial Advisors
MoneyMindz.com India’s First Free Online Financial Advisors

Education makes a nation strong and more than 90% of Indians are literate. Demand for skilled/educated people for any executive position and beyond has increased and nothing better than quality education. Moneymindz.com is India’s largest financial search engine offering guidance in giving the education loans.

Vitality Of Educational Loans:

A good education loan is the need of the hour in India. Students, not able to pay for higher end courses can get the loans from various banks like State Bank Of India, Indian Bank, Bank Of Baroda, Corporation Bank, Vysya Bank, HDFC Bank, Punjab And Sindh Bank, Andhra Bank, Syndicate Bank, IDBI, ICICI Bank, Bank Of India and other financial institutions in India. Moneymindz is assisting the students in India, to get quality educational loans, without any hassles.

Document Required In Detail For Taking Up Educational Loans in India:

You need the complete documents for taking up the educational loan like:

  • Driving License.
  • PAN Card.
  • Passport
  • Bank Account Statement.
  • Latest Electricity Bills.
  • Latest Mobile Bills.
  • House Rental Agreement.
  • Copy of Admission letter of the college/universities.
  • Xerox of Mark Sheets of SSLC, PUC and Degree Courses.

Conditions To Be Full-filled While Taking Up Education Loan

Some of the conditions to be full filled while taking up educational loans are:

  • Must be a citizen of India
  • Copy of admission letter
  • Must be a recognized course from recognized university
  • Expenses for the course
  • 4 Passport size photographs
  • Statement of bank account for last six months
  • Details of expense of the courses

Duration To Complete Educational Loans:

Maximum tenure to complete educational loans is given below:

Loans up to 8 Lakhs—–Repayment will be up to 10 Years

Loans above 8 Lakhs—- Repayment will be up to 15 Years

Why Choose The Educational Loans In India?

Education is the ideal foundation to have a complete and successful life. Reason behind choosing the successful educational loans in India would be:

Expensive Education:  Cost of education has increased considerably. Due to inflation cost of your son/daughter’s education is challenging to bear. Good education loan helps in overcoming any hurdles.

Easily Available:  Most of the education loans are easily available in India. All public sector banks are offering education loans in India. Your ability to repay will also be taken into consideration.

Advantages of

Good Educational Loans In India:

Some of the advantages of a good educational loan in India are as follows:

  • Anybody having burning desire to study can apply for educational loan
  • Females, and disabled persons are offered concessions in educational loans
  • Loan amount will vary from approx 10 Lakhs to the maximum 20 Lakhs
  • Loans below 4 Lakhs does not require the role of guarantor
  • Loans above 7 lakhs will require security
  • Educational loans are offered to people, willing to take up academic courses in India and foreign nations.
  • Government is sponsoring their unique scheme “Central Scheme Interest Subsidy”, to assist economically backward sections
  • Applicant can repay loan after studies, and locking period is approx 5 or 7 years.
  • Students taking up educational loan will understand value of money.
  • Student will develop excellent credit history, if he/she repays loan on time.

So, indirectly one can have a good financial planning, if one is able to clear a education loan on time.

A missed call will do on the number 022—62116588 / 08049202111 and Moneymindz financial experts will call you immediately.

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MoneyMindz.com India's First Free Online Financial Advisors Initial Public offering (IPO)
MoneyMindz.com India’s First Free Online Financial Advisors

Process of offering the shares/stocks to the people of India is     known as IPO. A unique situation, in which owner of a firm, will offer the ownership to its shareholders.

Who Can Offer The IPO:

Any company cannot offer the IPO. Only some companies in India are following the requirements as per SEBI (Securities And Exchange Board Of India) and companies act can issue the IPO. Some of the conditions are as follows:

  • Good track record of the distributable profits for three years.
  • Company is having a net-worth of approx 1 Crores in the last 3 years.
  • Company and its associate must clear The SEBI guidelines.
  • You must have distributable profit for at-least three years.
  • Net tangible assets must be INR 3 Crores for the next three years
  • You must obtain grading of the IPO from one or more credit rating agencies.
  • Make sure that the paid up equity shares of the companies has been full paid.
  • Company must have a website
  • Post paid up capital of the firm must be at least INR 5 Crores.

Advantages of IPO in India:

Some of the advantages of the IPO in India are given below as follows:

  • Access to the evergreen capital markets in India.
  • Helps the small business founders and capitalists with the chance to take out early investment.
  • Helps the business house to have good public awareness.
  • Company gets recognized and can go for mergers and new acquisitions.
  • Encourages company to be transparent on various issues, by showing all information in the newspapers across India.
  • Helps the company, big/small to have good relationship with customers, suppliers and lenders, to enhance the credibility.
  • Assists companies to have very good/energetic incentive packages for the employees and the management.
  • Public can assess the growth and development of the individual.

DISADVANTAGES OF GOING PUBLIC WITH THE IPO (INITIAL PUBLIC OFFERING)
Some of the negative points, relating to the IPO are mentioned below as follows:

  • Launching an IPO is said to be very expensive.
  • Company will lose all critical information and hence lose control over its resources.
  • Working style of the firm and business tactics will come to the fore.
  • Shareholders will ask for a major share in the company business. Refusing to do it lead to takeovers.
  • The Company loses its flexibility and management will become weak.
  • Marketing strategy and cost will be very heavy on small and average enterprises.

How Initial Public Offering (IPO)Works:

IPO is a very challenging process and procedure is mentioned below as follow:

  • Companies hire an investment bank to do underwriting, a way of raising money, using debt or equity.
  • Underwriters acts as mediators between the public and companies.
  • Company and Investment bank will negotiate regarding security issues and other management related issues.
  • After finalizing the deal, investment bank set up registration statement, submitting the details to the Securities and Exchange Commission (SEC).
  • Registration details consist of company details like core policies, management, financial statements, vision, mission, core issues.
  • Securities and Exchange Commission takes some time to study documents and examine all the documents.
  • After the approval, a date is finalized in which, company will offer the stock to the public.
  • People get appointed like the underwriters, who get commission of 2.5% on underwritten amount.
  • Registers process the application form calculate amount and initiate allotment process.
  • An experienced member of the Stock Exchange is appointed as brokers for marketing purpose. They receive max brokerage charge of 1.5%.
  • Company appoint lawyers to make sure all regulations are complied with.
  • A draft prospectus is created giving info about the company, founders, partners, terms and conditions, modes of financing, profit and loss statements and others.
  • Senior Manager verifies claims and details are filed with SEBI.
  • Prospectus along with the copies of the agreement entered into with underwriter, lawyer, managers, registrars and brokers is filed with the register of companies, where the firm is located.
  • Application form and prospectus are circulated to CEO, MD, Board of Directors, Bankers, Underwriters, and Brokers as well.

Companies in India, big or small, would like to go in for the Initial Public Offering (IPO).

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MoneyMindz.com India's First Free Online Financial Advisors Stock Market Information
MoneyMindz.com India’s First Free Online Financial Advisors

You will not like to work in a company for your entire life. Trust me, after some years you will feel like controlling your finances by establishing your business. Nothing better than Stocks, will give you a clear picture of the business in India.

Stock : A unique kind of security / share of an organization that is held by a person or a group is known as the Stock.

Kinds of Stocks:

There are two kinds of stocks, that are available in India namely the

Common Stock: A unique kind of stock,that encourages the owner to vote at meeting of the shareholders, and receive the dividends is known as the Common Stock.

Preferred  Stock:  A unique kind of stock, encouraging the shareholder to a fixed amount of dividend, where payment takes over other share of the dividends is known as the Preferred Stock.

Major Things To Know Before You Go In For Stocks:

Some of the criterions to be followed before one goes ahead and purchases the stocks are as follows:

  • You must have a proper Pan Card.
  • You must be an Indian Citizen.
  • One must apply for a Demat Account.
  • You must check for the way stock prices are set.
  • One must buy shares when cost is low, and sell the share, at the time when cost is very high.
  • You must understand the bidding in stock market and check for the actual prices of shares.
  • Be careful relating to the trading scams/fraudulent activities.
  • Must do technical analysis like doing deep study of charts, bar graphs, index graphs and pie charts in a logical fashion.
  • Do not make huge investments.
  • Choose the correct stock market broker.
  • Select the share, that has profit in the coming years.

Most of the investors are sticking to the traditional companies offering good stocks/shares in the financial markets.

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MoneyMindz.com India's First Free Online Financial Advisors Trading account details

MoneyMindz.com India’s First Free Online Financial Advisors

Various types of account are present in India and trading account is said to be one of them. Account prepared to determine the gross profit/gross loss of a business enterprise is known as the trading account.

Need For Trading Account:

Trading account is fast creating waves in the ever changing financial market in India. Growth of small and big business has led to the increasing need for the trading accounts in India. Some of the major reasons would be as follows:

  • Gross Profit is major factor and must meet the expense of the company.
  • Helps in obtaining the amount of net sales of a company.
  • Gross profit from the net sales can be utilized from the trading accounts.
  • Percentage of gross profits on net sales could be easily ascertained from trading accounts.
  • Stock turnover ratio can be easily ascertained by trading account.

Major Advantages Of Trading Account:

Some of the advantages of trading accounts are as follows:

  • Shows relationship between gross profit and gross sales to measure profit.
  • Helps to show ratio between the goods sold and gross profits.
  • Helps to avoid direct expenses, and takes the expenses dealing with making products.
  • Helps you to analyse new platforms and understand your trade/markets.
  • Gives details about various trading activities in the markets.
  • Details about the over-stocking/under-stocking can be known in order to act in a rational manner.
  • Progress can be analysed relating to gross profit ration, year after year.
  • Excellent stock turnover ratio can be determined from trading account.

Disadvantages of Trading Account:

Trading account is the major factor of our economy and some of the negative points are:

  • You require huge brokerage charges in setting up the trading account.
  • Loss one incurs will be a huge one and difficult to come back.
  • Less control on your investment.
  • Less knowhow, resources and the lack of professional knowledge can hamper your investments.
  • Markets are very unpredictable and hence experienced traders will find themselves in troubled waters.

Hence I would recommend everybody to have the complete financial knowledge on their fingertips, before venturing into trading account.

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