Tag: #homeloan

How to invest your bonus money wisely?

Given the volatile situation that we are in currently, it has become imperative for all to make wise investment decisions and not rush into things that are not priorities. This is that time of the year for which we all have waited eagerly for so long. Time for appraisals and bonus payouts! But it is also time to control your...

How to use your gratuity to reduce loan obligations?

I am 40 years old and have taken a career break for a year. I received Rs 5 lakh as my gratuity and want to invest this amount in an avenue where I can get compounding interest. I want to use this money to end my home loan of Rs 18 lakh by May next year. I also have an LIC policy which will complete 10 years in December this year, so I will be able to withdraw Rs 4...