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Opting for a Gold Investment in Emergencies

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  Opting for a Gold Investment in Emergencies Financial planning is a necessary activity for being debt free. Apart from the usual practice of managing budgets, its important to consider contingencies and save for them. However, these events require having fund or a strong insurance cover to avoid burden on the savings. Your planning may still fall short to life’s uncertainties and be forced to take loans to meet the financial requirements. These uncertainties may be due to economic conditions or conditions beyond our control, it can be urgent medical fees, school fees, any major debts to be paid off immediately, raising funds for a new venture etc. reasons can be numerous. An alternative approach to meeting your uncertainty needs without talking a loan would be opting for a gold loan. The price of Gold in comparison to other forms of investment has only grown in the last 50 years, in addition to this it is a stable form of investment. Let’s have a look at some benefits of taking a gol
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Credit Cards vs Personal Loan: Which is better for short-term goals?

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Credit Cards vs Personal Loan: Which is better for short-term goals? Have a big purchase to make and confused whether to purchase using your credit card or take a loan? Both credit cards and personal loans are categorized as unsecured forms of loans. Ideally personal loans are taken for covering up major lumpsum expenses and credit cards are used for short term expenses, expenses which can be paid monthly. Let’s look at the features of both credit cards and personal loans: -           Interest rate Personal loans carry a lower interest rate as compared to credit cards. Get the best interest on personal loans with Emirate NBD click here to know more.   -           Term The repayment term for personal loans is a minimum of 5 years in contrast to credit cards which is up to 55 days interest free.   -           Post repayment Credit cards offer more credits post repayments, in contrast to personal loans. In addition to this credit cards are also packed with cashba
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Differentiating your banking accounts: Salary account and Savings account

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  Managing finances is a core part of living a fulfilling life. Some even say it’s a survival skill which gets further enhanced as you progress with investing and allocating funds at the right places. Employed, not employed, looking for a job etc., savings and salary accounts are an essential part of managing your finances. Let’s understand a little more about savings and salary accounts: 1.        Requirement Unlike savings accounts which you open for yourself, or which come with an interest rate which varies or investment options, salary account are opened by your employers when their employees are hired. 2.        Convertibility Salary accounts essentially are converted to normal savings accounts in instances where there is no deposit or transfers for a certain period. However, savings accounts are chosen of your own accord helping you manage your finances better. 3.        Better Rates Saving accounts carry interest rates which differ from banks to banks in contr
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Getting your Emirates NBD Personal Loan Approved

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  Getting your Emirates NBD Personal Loan Approved Getting a loan isn’t difficult anymore, with the rise in financial institutions and digital processes in play; documentation, processing has become much easier and faster. Personal loan is fairly the fastest loan to get and can be used or taken to fulfill majority of your needs. However, it is a liability at the end of the day, which is why you must be careful with it. Here are a few things which you can do to speed up the loan approval process: 1.        Credit score Maintaining a good credit score makes your life easier, as all banks and financial institutions can access your credit report and history. Keeping a good credit score is an important asset as it makes you more credible and grants your many credit-based privileges.   2.        Selecting a lender Although personal loans are unsecured loans, there exists minimum eligibility criteria set by respective lenders for customers. Make sure to carry out necessary rese
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Using Emirates NBD Credit Card Points to the Fullest

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  Using Emirates NBD Credit Card Points to the Fullest Have you been earning a lot of credit card points? Wondering what to do with your credit card points? Redeeming your credit card points is the most interesting part, as there are many options to choose from: 1.        Air tickets and miles If you enjoy travelling or are a frequent traveler, you can make the most out of the air miles earned on your spending with your card. These can be used on upgrades on your current bookings, to book flights or get discounts on packages.   2.        Cashback Majority of the cards give back on your spends, this is the most attractive feature of credit cards .   3.        Redeem vouchers Many cards reward you in vouchers for your spends, these vouchers can be redeemed in multiple outlets.   4.        Other rewards Credit cards offer other options to exercise the reward points, discounts on certifications, purchasing fuel, servicing your vehicle, entertainment, and sports related services. These poi
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Keep your Money Safe with these Emirates NBD Bank Accounts

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  Keep your Money Safe with these Emirates NBD Bank Accounts Where to start managing your finances better? Where to keep extra funds and still earn without actively investing? These are some common questions we encounter in our day to day lives, managing finances has become easier with rising number of digital channels and mobile banking. But the offerings of financial institutions remain the same, here’s a list of four banking accounts which you must know to have a clear picture of where to keep your funds.   1.        Savings account As the name says it is an account where your savings can be stored, banks often pay interests on these types of accounts. A savings account is convenient and reliable way to save money, this account is easily accessible for your short-term needs. In comparison to current account, this account limits the number of withdrawals that can be made in a month, has a lower minimum balance compared to a current account.   There are various types of savi
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What parameters should you consider while applying for a Car Loan?

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  What parameters should you consider while applying for a Car Loan? Having a vehicle of your own has become a mandatory lifestyle necessity, as cities and towns continually develop leading to rise in jobs and occupations. People’s lifestyle choices either change or grow, public commutation may not always be accessible at your convenience. To own a vehicle of your own , you would be looking at financing options, and there are many options in the market to finance new and used cars. But there are some key parameters you need to keep in mind before selecting your financing option. Let’s take a closer look at these parameters: 1.        Credit score Credibility is a very important parameter to look at. In this case you are the borrower, banks and other financial institutions need to validate your credibility to grant you a loan or finance. Keeping a track of your credit score and making sure you have a score of 750 or above is important.   2.        Loan tenure Banks and fin
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