Money, Money and more Money for you!

The best that could happen to any young entrepreneurs is having the right amount of money at the right time. Money is the basic necessity of life now. We all need that extra money at some point of time in our life to invest in business, further studies, to buy home; some may need it for buying cars etc.

You need extra money but who will give you that until unless you have some rich friends or relatives to lend you money for some time. Not many people though have such friends/relatives. So it’s here that the banks/finance institution comes to our help.

These days they give you loan that you can use for sometime and then pay back on installment. The bank charges some interest and service charge for their money. I guess paying little extra is not a problem for many of us if we get the money at right time.

There are various types of loan you can get from bank depending upon your need. Various types of loans are;

1. Home loan: - These are mainly of two types a) Floating b) Fixed
a) Floating is where you take loan and pay interest depending upon the interest rate. The interest rate may rise or fall depending upon the economy, whereas
b) Fixed is very simple. The interest rate is fixed at the time of taking loan. It doesn’t changes at all.

2. Personal Loan: - This type of loan is very simple to and easy to get from your bank though the amount varies from person to person. You do not have to provide much of documents to avail personal loan. The interest rates on such loan are very high.

3. Vehicle loan: - Need to buy a car/two wheeler then vehicle loan is the one you need. The interest rate here remains constant for your loan period.

4. Loan against property:- Such loans are very helpful in financing your child marriage or higher studies of your children. The interest rates are very reasonable on such types of loan and time period is also decent.

5. Loans against securities: - In such type of loans you do not have to sell your stock/shares but just need pledge your securities in favor of your banks.

In addition to above mention loans you may also go for medical loans, farming loans, consumer loans to finance your needs.

So what are you waiting for? You are just few steps away in getting money to realize your dreams. Apply for suitable type of loan.

Exams, results and career

It’s month of June and time for results of HSC and SSC examination across the country. Depending upon the results people choose their next step in academics. It’s during this period that you choose the path of your career.

Talking to many educationists I have learnt that choosing a career is like choosing your new life.

Choosing a career after Secondary board exams is the most difficult phase of any student’s life. He / She have to be very careful on choosing the right career as this would decide the fate of their future life. Elders should be more cooperative and supportive at this time and should give proper advice and guidance to the students.

There are basically 3 streams that one can opt for after higher secondary exams, they are: Science, Commerce and Arts.

These are entry level for your degree/ graduation. If you want to opt to become an engineer or a doctor you need to move in to the science stream, if CA is your ultimate goal then go for commerce, if teaching is what you want to do then Arts is well suited.

Apart from these there is also a Home Science field especially for girls. There are many courses in it that one can explore.
There are various diploma courses also available as good option for students. There are many diploma courses we have, like in Engineering, mechanical, pharmacy, Mine Engineering, textile engineering, architecture, for girls we have fashion designing, jewelry designing, etc.

You can also study to get into army, navy, or become pilots or air hostess etc.
If you go to see there are many courses available for each field today. It’s always help to take advice from a academic/ career counselor.

Before choosing your career, make sure that this is what you want to do all your life, know the end results, know your capability, explore various fields and colleges, talk to various people of the same field, take advice from elders and only then chose the right stream.

Best of luck

-Stella Roy