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Guide

Difference Between Convertible and Non-Convertible Debentures

Debentures are popular business tools for raising money. It is an unsecured long-term business debt and an excellent funding option for companies. It is also a great choice for businesses with fewer finances. Those who want to prevent the dilution of their equity can opt for it. [B-01] What Are Debentures? Debentures are financial solutions for companies that do not want to tie down their assets. It is a debt instrument that ranges from medium to long-term. Companies use debentures to borrow money at a fixed interest from people. They are also great for those that do not have enough collateral for a loan. A debenture certificate holds the following information: Interest rate Payment schedule Maturity date and other features. The amount of the loan. A debenture usually states how much money the investor has given as principal and at how much interest. It also declares the payment schedule and maturity date of the debenture. Types of Debentures There are various types of debentures: Secured and Unsecured registered and Bearer First and Second, and Convertible and Non-convertible In this article, we will be discussing the last two- convertible debentures and non-convertible debentures. What are Convertible Debentures? The debentures that can be converted into the company’s equity shares are called convertible debentures. You can consider them long-term debt trackers and they have a low rate of interest. Features of Convertible debentures: Can be converted to equity shares. Have a low-interest rate. Value on maturity depends on the share price of the company at that time. Can be converted into equity during bad market conditions. Holders of convertible debentures are both creditors and owners of the company. Less-risky. Convertible debentures are of two types: Fully Convertible Debenture- When the whole value of the debenture can be converted into equity, it is fully convertible. Partially Convertible Debenture- When only a part of the debenture can be converted into equity, it is partially convertible. What are Non-Convertible Debentures? These debentures usually cannot be turned into equity shares. A very high-interest rate is the main feature of these debentures. Features of Non-Convertible Debentures: Can not be converted into equity shares. High-interest rate. Value at the time of maturity is fixed. Can not be converted during bad market conditions. Holders of non-convertible debentures can only redeem them at maturity. Non-convertible debenture holders are only the creditors of the company. Riskier as compared to convertible debentures. Non-convertible debentures are of two types: Secured non-convertible debentures-This form of a non-convertible debenture is more secure because they are backed by the company’s assets. The investor can always liquidate the assets of the company in case the company fails to pay on time. Unsecured non-convertible debentures- Since there is no collateral involved, they prove to be riskier and less secure. In this case, the investor has to wait until the company can pay. The interest rate for these non-convertible debentures is higher than that of convertible debentures. Non-convertible debentures reward investors with the following compared to convertible ones: Increased returns. Low risks. Tax benefits. Key distinctions between convertible and non-convertible debentures The article above has provided you with enough details on both debentures. Despite their differences, both have benefits to offer to the investor. To better understand them, you have to learn more about both kinds of debentures. Equity CD: It allows the investor to convert debentures to equity shares of the company. NCD: It does not allow investors to do the same. Hence, it does not meet this specification. Rate of interest CD: Convertible debentures have lower rates of interest. NCD: They have high-interest rates. Value at maturity: CD: Their maturity value depends on the company’s current market value. There is a chance of getting higher or lower returns. It depends on how the company performs at the time of maturity. NCD: For non-convertible debentures, the value at maturity is fixed and does not change. Status: CD: Convertible debenture owners are creditors as well as the owners of the company. Thus, they enjoy a dual status. NCD: Non-convertible debenture owners are only considered the creditors of the company. Market conditions: CD: Its owner can convert finances into equity shares whenever they want. It proves to be very beneficial during poor market conditions. NCD: The NCD owner has no choice but to wait until debenture maturity to receive the shares. They are redeemed only at maturity. Stability factor: CD: Convertible debentures are less risky and hence a stable option. NCD: Non- convertible debentures are riskier and have a lesser stability factor. This is a major drawback for them. [B-02] Conclusion: Considering the various options of convertible and non-convertible debentures needs proper research. There are a lot of things you need to assess. New business owners do not want to bring their share values down. Debentures are a viable and safe option for them. It is also a good choice for already established firms that do not want to split assets. Convertible debentures and non-convertible debentures have significant differences. Yet, both have proven to be beneficial in their ways. These debentures are excellent choices for an investor. Yet, one should have proper knowledge of how to invest. Experts advise that 10% of investments should be put into convertible debentures. The rest can be utilized for other choices. Thus, one should seek financial advisors from trusted sources. It will help you build your financial profile to a better scale. Piramal Finance would be one of your best choices in this case. For further details, you can visit our website. It will be our sincere pleasure to answer all your queries.
08-11-2023
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Personal Loan

Can You Get an Education or Personal Loan For Online Courses

No longer are classrooms and offline classes the only places to learn. Over time, distance learning and online courses have gained the same value. This is because they save time and help students learn important skills. Before COVID-19, a personal loan was the only way to pay for an online course. But, after the crisis, the Ministry of Education has started considering online courses. And in some cases, let students use education loans to study an online course. The Ministry allows loans for certain courses, online or in person, as long as important information is shared. This helps those who need money to study the courses they want. There are a few online courses, distance learning programs, and degrees offered by startups that get sponsorship and loans from banks, but there aren’t many rules to follow. Many NBFCs and fintech companies have started to lend money for such courses. [B-01] What is an education loan? An education loan is a form of financial aid that can be used to pay for things like books, supplies, and living costs to finish the required course. This loan comes in two different forms: Domestic Studies Loan: These loans can be used for any course within India. It can be a basic or higher-level course. Study Abroad Loan: These education loans are given to students who want to continue their education abroad. What is a personal loan? Personal loans are unsecured loans that give you money without requiring you to put up collateral. They have a fixed rate, amount, and time to pay it back. The best thing about this loan is that you can use it whenever you want. And you don’t have to fill out any paperwork or prove where the money has gone. Eligibility Criteria for Education or Personal Loans for Online Courses The eligibility criteria for students to get education or personal loans are as follows: Course or Degree Approval by UGC and AICTE Students can only get a loan for school if the UGC and All India Council for Technical Education have approved the online course. The online course could be from a college, university, or new company. These authorities know which online courses are certified and which can be taken from a distance. This makes it easier to get student loans for these courses. Nationality To apply for a loan, the student must have Indian citizenship and have assets in their name (or their parent’s name, if an education loan). Proper paperwork and legal documents To get a loan for education, you need the following documents: Aadhar Card: To prove where you were born and where you live, you need a valid Aadhar card. Age Limit: You must be between 21 and 68 years old for a personal loan. On the other hand, you must be between 18 and 28 years old to qualify for an education loan. Monthly or Annual Income: For a personal loan, you must be self-employed, run a business, or be on a salary and show pay stubs from the last few months and your current annual income. If students are dependent on their families, their parents can take out loans in their name. PAN Card and KYC Documents: Your bank account must be linked to your PAN Card and KYC papers for a student or personal loan. Information About the Course and Fees With less paperwork involved, you don’t have to specify why you want a personal loan. If you want an education loan, you must provide all course details. This includes the fee structure, travel costs, cost of living, and so on. The final loan amount will be decided and given based on these details. Perks of an Education Loan Here are some of the benefits of an education loan: Tax Breaks Under Section 80E of the Income Tax Act of 1961, students and their parents can get rebates on these loans, which can help them save money and get tax benefits. In the case of personal loans, such tax rebates are not available. Payback Perks One of the best things about student loans is that EMIs aren’t due until after the course ends. Students can study without worrying about payments until they start making money. Benefits of a Personal Loan Here are some benefits of getting a personal loan: No usage restrictions The best thing about personal loans is that there is a limit to how much you can borrow. This limit is based on your current annual income or source of income. This helps you and the bank make sure you can repay the loan. Based on that, the EMIs are set, which can help you plan your spending and savings. Unsecured or Secured Personal loans can be secured or unsecured, depending on their risks. When it comes to unsecured loans, there is no need to put up property as collateral. This makes it easy for regular people to get these loans without risking their property. Flexible Loan Tenure Personal loans can easily be repaid as per fixed tenures, which are very flexible as per the duration of repayment chosen. EMIs can be paid easily as per similar terms. [B-02] Final Takeaway Education loans may take time to process, and the chances of getting them depend on what they are used for. Personal loans can be used with no trouble at all to pay for online classes. Online certification courses can make it difficult to obtain education loans. In such cases, personal loans help you start a career and build a strong portfolio by getting the needed skills. On the other hand, these loans have high interest rates. This is because there is more risk involved than with loans meant for education. In the end, it’s important to make an informed decision. Consider your eligibility and research the funding options available to you. This will help you reach the path to higher education more easily. To learn more about personal or education loans, visit Piramal Finance for more blogs like this. You may also take a look at their products and services.
08-11-2023
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Health Insurance

Buy Health Insurance Plans For Parents

It has been stated that age is more than just a number, and this is notably true for parents whose golden years are severely harmed as they become older. In truth, health is the first friend that begins to impact older adults and digs a deep hole that the hard-earned assets are gone. In a case like this, parents’ health insurance might be really useful. The costs of medicine, surgery and care are all rising at an enormous pace. Add to it the cons of seniors having a fixed salary with no chance for progress. This uneasy mix may make retirement a chore rather than a joyful second stage. In such cases, a health insurance plan for parents becomes useful. [B-01] Why Do You Need Health Insurance for Your Parents? Getting your parents a proper health insurance plan is vital to ensuring they get the greatest medical care without fiscal stress. To pick the best health insurance policy for your parents, examine the following factors: Safety It is vital that you review the insurance coverage perks. Assess the plan’s terms, pre- and post-hospitalization insurance, critical illness insurance, daycare methods, in-patient treatment, Ayush treatment, home care hospitalisation, and so on. Amount Insured in Adequate Sum As your parents are more at risk of health risks due to their age, you should pick a bigger total covered sum. It will guarantee the finest therapy without regard to cost. Pre-Existing Illness Protection If your parents possess pre-existing health problems, they will be covered only after the hold time, normally 2-4 years. This could differ from one insurer to the next and depending on the plan chosen. Check the time after which your family health insurance policy health plan will treat pre-existing problems. Clause of Co-Payment Co-payment is a part of the total price that you will be liable for paying on your own. The rest of the medical costs are covered by health insurance. For example, if you have a plan with a 20% co-pay clause, you would need to pay Rs. 2 lakhs from your pocket for a claim of Rs. 10 lakh, while the insurance provider will pay Rs. 8 lakh as part of the payment. You might also include a “no co-pay” term. Tax Benefits Section 80D allows you to deduct the health policy costs you buy for your parents. If you pay a premium for both you and your parents, who are under the age of 60, your total tax gain maximum for health insurance premiums is Rs. 50,000. If your parents are beyond the age of 60, the maximum is hiked to Rs. 75,000. This may vary based on the related tax limits. Factors to consider while Picking a Health Insurance Policy For Your Parents Pre-existing Conditions Beyond a certain age, it is usual for folks to have certain pre-existing ailments. Whether your parents have certain problems, you should check with your insurance to see if they are covered. Most health insurance plans do not include pre-existing ailments. In this instance, your parents will be unable to file a claim for treatment of a pre-existing sickness. Make sure to clarify this with your insurance provider, and pay attention to these problems since they may lead to your claim getting denied later. Guaranteed Large Sum The sum guaranteed that you pick for yourself may be less for your parents. One factor is that the elderly are more prone to visit hospitals. Second, the cost and usage of medicines are much greater among the elderly. Age may also cause serious ailments, like heart problems, renal problems, and so on, which might need costly surgery. As a result, assess for these expenses and pick a large sum insured for your parents. Benefits & Riders Riders and benefits may extend a policy’s coverage. Seek a health plan that includes riders such as a daily hospital advantage, personal accident advantage, income advantage, premium waiver rider, and so on for further ease in the event of a medical crisis. Keep in mind that the more perks a plan give, the greater the range of safety. This may benefit your parents’ health in the long term. Coverage Type You may pick between a solo cover and a spouse cover when getting health insurance for a single parent or even both parents. If you wish to insure both of your parents, a marital policy may give extra perks. A single policy may cover two persons. This greatly simplifies premium payments and claim payments. Claim Settlement Procedure The claim settlement method should be simple and customizable. A complex method that needs the filing of various paperwork, bills, and papers may be hard, notably when you are already coping with a medical issue. To reduce problems at a stressful moment, seek an insurance vendor with a high claim payment percentage and a simple process. Features of Parent Health Insurance Plans The following are the major features of a parent health insurance plan: Tax breaks are provided for premiums paid toward a parent’s health plan. Get a tax break on your health insurance costs. It offers a 15-30 day free trial time. Day-care costs boosting as a result of the usage of special equipment during treatment methods like dialysis & chemotherapy are paid. Some plans also provide health screenings. How to Purchase Health Insurance for Parents Here’s how to get health insurance for your parents: Step 1: Go to the health insurance website of the insurance vendor you want to buy your plan from. Step 2: Give relevant data about who you want to insure, as well as your details. Step 3: Select a health insurance plan from the list of choices. You may also extend your policy by buying add-on covers. Step 4: Upload the relevant paperwork and pay your health insurance premiums online. And there you have it! Your insurance will be sent to you via email soon. [B-02] Conclusion To sum up, when your parents reach the age of 60, they must get a health insurance plan. This is because the rising price of medical care may wipe away the majority of their life savings. Health insurance for parents must be a distinct plan, meaning it should not be part of family health insurance. Conduct vast research on the numerous insurance plans for your parents, as well as whether all of your needs are met. If you want to learn more about health insurance plans, visit Piramal Finance for related blogs and explore their products and services.
08-11-2023
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Education

E-Aadhaar: Everything you need to know

What is Aadhaar? It is simply a 12-digit number that can uniquely identify you among the citizens of India. It is issued by the Unique Identification Authority of India (UIDAI). It is given based on a person’s biometric information, such as an iris scan and fingerprints, and demographic information, such as their date of birth and address. Then what is an E-Aadhaar card? It is a password-protected copy of your physical Aadhaar card, digitally signed by the competent authority of UIDAI. It is not a substitute for your physical Aadhaar card, but it can be used in its place after the E-Aadhaar download. There is a lot to know about this important personal document, and we have covered all you should know about it in the article below, such as how to get one for yourself, how to know if you are eligible for it, how to do an E-Aadhaar download, how to check whether your Aadhaar number is active or not, and what to do when you lose it. Here is everything you need to know about this. [B-01] Benefits of having an E-Aadhaar Card Accessibility: After doing the E-Aadhaar download, it is very easy to access it whenever needed, as it is hosted on an online platform. You never have to worry about misplacing it. Easy documentation process: With an E-Aadhaar card, getting a new passport or opening a new bank account has become very simple and quick. You don’t need to submit as many documents during these procedures because your E-Aadhaar card contains a wealth of information, such as: Name Address Gender Date of Birth Photograph Aadhaar number Digital Signature by UIDAI Address and Id proof: Your E-Aadhaar card, like your physical Aadhaar, serves as both identity and address proof. According to the IT Act of 2000, which allows for the legal recognition of electronic records with digital signatures, the e-Aadhaar is a document that UIDAI has digitally signed. All the benefits of a Physical Aadhaar card: With an E-Aadhaar card, you are qualified to receive all the various subsidies that the government provides. You can access your LPG subsidy directly in your bank account after linking your Aadhaar number to your account, for instance. How to obtain an E-Aadhaar card You must already own a physical Aadhaar card before you can access an E-Aadhaar card. You can quickly download your E-Aadhaar card from the UIDAI website once it has been granted to you. How to get Aadhaar Card Assemble all the documents needed to submit an Aadhaar application. Proof of identity, proof of address, proof of date of birth, and proof of relationship with the head of the family are all required. After that, make an appointment at the enrollment centre that is closest to your home. After your documents have been approved and your biometric data has been provided, you will receive an acknowledgement slip. You can do an eAadhaar download and check the status of your Aadhaar card using the information provided in the acknowledgement slip. You will need to enter the password, which consists of your first name’s first four letters and your birth year in the format (YYYY), to open the pdf file. How to do an E-Aadhaar Download The steps to assist with your E-Aadhaar download are listed below: You should keep your Aadhaar number ready. If you recently updated your Aadhaar card or applied for one, and yet you don’t know your Aadhaar number, then keep a note of your enrollment number as well as the time and date on your enrollment slip. To proceed, enter your VID, enrollment number, or Aadhaar number. Input your pin code and full name exactly as they appear on your Aadhaar form. Request an OTP by entering the security code. After receiving the OTP, enter it in the appropriate field. following that, click the E-Aadhaar Download button. After the E-Aadhaar download, you will need to enter the password, which consists of your first name’s first four letters and your birth year in the format (YYYY), to open the E-Aadhaar card. Other things to Know About E-Aadhaar Where can you use E-Aadhaar Card? You can use your E-Aadhaar for various purposes to save time and escape the lengthy documentation process. According to the IT Act of 2000, which allows for the legal recognition of electronic records with digital signatures, the e-Aadhaar is a document that UIDAI has digitally signed. Some of the common purposes would be: Using it as ID proof while opening a bank account While applying for a passport At an Indian railway station as ID proof To avail of LPG subsidies To access your digital locker Masked Aadhaar card As the name implies, a “Masked Aadhaar card” conceals a portion of the Aadhaar number so that it cannot be fully disclosed to others. It resembles an Aadhaar card. The first eight digits of the Aadhaar number are partially hidden under the “masked Aadhaar card” by swapping out the characters for XXXX-XXXX, leaving only the last four digits of the number visible. The masked Aadhaar card can be downloaded from the official UIDAI website by choosing the option for a masked Aadhaar card under the “E-Download Aadhaar” section. mAadhaar app The official Aadhaar app, or mAadhaar app, was released by UIDAI to give Aadhaar card holders a platform to carry their demographic information and photo around with them on their smartphones. It’s accessible on Android phones but not yet on iPhones. Aadhaar card holders can add their profiles to the app and access them from any location. [B-02] Conclusion: Now you have a good understanding of an E-Aadhar card. You know what it is, what various purposes it can serve, and how to do an E-Aadhaar download for yourself. E-Aadhaar is the perfect option for those who are worried about losing this important document. You can never misplace something available on an online platform. The UIDAI’s Central Identities Data Repository (CIDR) houses all Aadhaar holders’ data in absolute safety and security. In all the years that it has existed, the CIDR Aadhaar database has never been compromised. If you need help with housing finances or a home loan, you can always take help from experts such as Piramal Finance.
08-11-2023
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Home Loan

All You Need to Know About a Home Loan for Government Employees

Whether buying your first home or refinancing your existing one, as a government employee in India, you receive several benefits while taking out a home loan. A few advantages include lower interest rates; reduced processing fees; better terms and conditions; and pre-approval facilities that are not available to the general public. However, awareness of these advantages is limited. In this article, we aim to introduce this financial instrument so that you can avail of a home loan for government employees specifically designed to suit your needs. Government employees often have to deal with high costs and fixed salaries, making it difficult to save enough money to buy their own homes. However, with the right home loan and terms, it is possible to buy your own home while still saving money. With a home loan for government employees, your loan interest rates and monthly instalments will be lower. [B-01] Benefits of Home Loans For Government Employees Here are some advantages to a home loan for government employees: Flexible EMI plans To help government employees with their home loans, banks offer flexible equated monthly instalments (EMIs) plans. With these plans, you can choose the best tenure and EMIs that suit your budget. Also, there is no need to worry about a prepayment penalty on this kind of home loan for government employees. You can also decide to pay off the entire principal amount of your loan at any time without paying an extra fee. In the provisions of the new home loan for government employees policy, you can make loan repayments via EMIs that are capped at 50% of your net monthly income until the age of 75. These benefits are available to current and retired government employees receiving a pension. Benefits for Married Couples A home loan for government employees can be a great investment, allowing you to buy your property and build equity through monthly mortgage payments. If your spouse is a government employee, you both are eligible for a home loan for government employees. If you’re thinking about buying your first home or planning on building an addition onto your existing house, then a low-interest rate (i.e., an House Building Advance (HBA) scheme or a PMAY scheme) is a perfect option. It’s important to note that there is no prepayment penalty for early repayment or at any time before the maturity date. You’ll also have access to new loans as long as you meet the eligibility requirements from year to year after applying successfully for an HBA scheme. Lower Interest Rates The interest rates on a home loan for government employees are lower than most other types of loans. With low-interest rates, monthly repayments are much cheaper. A small deposit is usually all required to get started, and the terms of a home loan for government employees can be agreed upon with the bank. Financing with no restriction on tenure, several instalments, and no penalty for prepayment ensures that you can buy your dream house without worrying about affordability and cash flow. With minimal documentation, it becomes much easier to enjoy the benefits of a home loan for government employees in India. Larger Advance Corpus The HBA scheme provides a home loan for government employees to build a new home. Previously, government employees could receive up to Rs. 7,50,000 in HBA. Recent policy changes, however, allow you to obtain a loan of up to Rs. 25,00,000. The previous HBA limit for home extension projects was raised to Rs. 100,000. The larger the advance corpus, the lower the interest rate on your loan. The lower the rate, the more affordable and sustainable your loan repayments will be. Also, as your salary increases over time, you’ll be able to afford higher repayments with less strain on your budget. In addition, since your property is collateral for this type of home loan for government employees, it’s easier to get than other types of loans like personal loans or credit cards. No Processing Fee The Indian government is committed to helping its employees buy homes by offering them various benefits. One such benefit provided by employers is a home loan with no processing fee. In fact, to avail of a home loan for government employees, they need to be an employee of the Indian government and get it sanctioned by the Public Sector Bank that they have chosen. How To Apply For A Home Loan For Government Employees If you are an Indian government employee looking to purchase your first home, you’re in luck. Many benefits come with purchasing your first home, including simple terms for home loans. Follow these steps to apply for a home loan: First, you must get a government ID card and fill out an application form. Next, you must submit copies of your salary slips, PAN card, and other relevant documents to the lender. You may also be asked for your employer’s name and telephone number, as well as the place where you work. After this, you will have to go through some credit checks by the bank before they finalise everything with their underwriting process. [B-02] Conclusion Choosing the right home loan product is important to achieving your goals as a homeowner. Whether you are looking to buy your first home, buy a larger one, or even refurbish an existing one, there is plenty to consider when deciding which loan will work best for you and your family. Whether you are a new government employee or a veteran in the public sector, you may be eligible for benefits to help you get into your dream home sooner. In addition to grants and interest-free loans, if you are a government employee, there is a special home loan for government employees program and special rates available.
08-11-2023
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Bike Insurance Calculator – Calculate Two Wheeler Insurance Premium Online

The policy’s price is the first consideration when choosing bike or two-wheeler insurance. The insurance premium is included in this cost. In other words, a premium is a price that an insurance company charges for its coverage. A biker insurance calculator could be used to determine the premium that needs to be paid. On their websites, both insurance brokers and insurance companies have links to online resources. [B-01] What Is a Bike Insurance Calculator? With a simple online tool called a “bike insurance calculator,” you can figure out how much it will cost to insure a motorcycle, scooter, or electric bike. The two-wheeler insurance premium calculator looks at the make, model, insured declared value (IDV), year of production, and information from the regional transport office to give you a free quote (RTO). You can use the calculator to see how the premium is calculated and change it to fit your needs. You can change the IDV, add or remove add-ons (if necessary), etc., and see the results in real time; the quote will change based on what you type in. Use the calculator at the top of the page to get a quick idea of how much your two-wheeler insurance will cost. Premium Calculator: How to Use It Using a bike insurance premium calculator is not hard and only takes a few easy steps. Visit the official website chosen by the insurance company. On some websites, a separate tab that says “Premium Calculator” should be chosen. Choose a plan of action. Type in the information asked for. Submit If there isn’t a tab for it, go to the plan you want to check the premium. Choose “Buy Now” from the menu or “Calculate Premium.” Please fill in the information asked for, then send it. You will get a quote for your premium with and without GST when everything is done. How to Use a Calculator for Bike Insurance? Bike insurance calculator online is easy to use Follow the steps below to figure out how much your premium will be with an online bike insurance premium calculator: Visit a website that lets you figure out how much your bike insurance will cost. Choose the brand, model, and version of the two-wheeler. Enter the bike’s ex-showroom price, the city where it was registered, and the year it was bought. If you claimed your bike insurance the year before, click “Calculate.” You will see the Insured Declared Value (IDV) and the estimated premium price for your specific bike model. Each requests a fast estimate from a number of insurance providers. You can choose a plan and pay the premium online with a bank card, a credit card, or UPI. Calculator for Two Wheeler Insurance Premiums for New Bikes Important information about a two-wheeler that is needed to figure out the insurance premium for a new two-wheeler: Name of the maker and the year it was made Type of two-wheeled vehicle that is an alternative to the two-wheeler State and city where the bikes are registered The two-wheeler premium calculator will help you choose the best insurance by letting you figure out how much your premium will be. Calculator for Two-Wheeler Insurance Premiums for Used Bikes Important information about a two-wheeler needed to figure out how much an insurance plan will cost for an old or used two-wheeler: Brand, model, and type of two-wheeler What you know now about two-wheeler insurance coverage by fuel type (if any) State and city of registration for bikes with two wheels Reports and information about old claim files or no-claim bonuses (NCB) (if any) When you put in your information, the two-wheeler premium calculator will estimate how much your insurance plan will cost. After that, you can choose the best option for you. Cost Calculator for Third-party Insurance on a Two-wheeler A third-party bike insurance calculator is an online tool that lets you figure out how much third-party insurance costs. The Motor Vehicles Act of 1988 says that all two-wheeled vehicles must have a “3rd Party Bike Insurance Policy” to protect them financially from third-party liabilities. So, anyone who owns a two-wheeler must have at least third-party insurance. Here are the most important parts of a calculator for third-party insurance: Cover for the liabilities of other people How big is your bike’s engine? The safety of the bike owner Calculator for Benefits of Bike Insurance With a bike insurance calculator, you can figure out how much your two-wheeler insurance will cost. This tool looks at many things about your two-wheeler, like the brand, model, RTO information, and declared insured value, and gives you an instant premium price. You can save time by using a bike insurance calculator, which quickly gives you the cost of a two-wheeler insurance plan. Using the bike insurance calculator tool, you can compare the cost of premiums and the coverage offered by different insurance companies. This lets you choose the plan that best fits your needs. It is a flexible tool that will only force you to pick one thing over another. Since no one from the outside can change your decision, it stays the same. Why Is It Important to Use a Bike Insurance Calculator? Before you buy something, you need to know how much it costs. In the same way, you need to know how much bike insurance costs before you buy it. The following important shows that using the two-wheeler insurance premium calculator can help you make a smart choice. Saves you cash A bike insurance calculator is mostly used to help people buy bike insurance that fits their budget. The calculator tells you how the premium is calculated and how the right combination of factors lets you choose the best bike insurance coverage. Lowers the cost of bike insurance With the bike insurance calculator, you can determine what makes the premium go up or down. With this tool, you can change your coverage and, as a result, the cost of your bike insurance to fit your needs and budget. Helps you make decisions based on facts The bike insurance premium calculator is clear about how it works. Also, it tells you how your two-wheeler insurance rate is set so that you can make an informed decision. No need to use middlemen or agencies With the bike insurance calculator, you don’t have to go through other people or organisations to find out how much bike insurance costs. The online tool lets you choose and change the two-wheeler insurance coverage to fit your needs without relying on a middleman. [B-02] Conclusion A bike insurance calculator is a computer programme that helps policyholders figure out how much their two-wheeler insurance premium should be. Bike insurance, which is like car insurance for bikes, covers them. When you buy two-wheeler insurance online, it usually covers theft, damage, and accidents. You can look at Piramal Finance and their website to find out more.
08-11-2023
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Brighten Your Financial Future with the Right Financial Instruments

It’s easy to think that uncontrolled factors will impact your financial future. And in a certain way, it does. But you’ll be surprised at how much power you’ll have over your financial future in 10, 20, or 30 years. Fixed deposits and Recurring deposits are the main financial instruments to secure a financial future. Let’s discuss some suitable financial products that might help you improve your financial future. [B-01] What Is a financial instrument? A financial instrument is an asset. It can be exchanged on the financial market. It serves as a valuable repository. The parties to the agreement may create, swap, or modify these contracts as necessary. Equity stocks, bonds, and derivative contracts are the three types of financial products used most often. Types of financial instruments There are mainly three types of financial instruments : Money market instruments Call or notice money, caps and collars, letters of credit, forwards and futures, financial options, financial guarantees, swaps, treasury bills, CDs, term loans, and commercial papers are examples of money market products. Capital market instruments This covers financial assets such as equity instruments, accounts receivable and payable, cash deposits, debentures, bonds, loans, borrowings, preference shares, and bank balances. Integrated instruments It consists of convertible loans, equity-linked notes, debentures, convertible warrants, dual currency bonds, and so on. Five actions you should take to improve your financial situation Consistent savings and reliable returns You might have goals like going on a foreign trip, paying for your children’s college expenses, saving for a down payment on a home, updating your home, etc. Fixed deposit and recurring deposit products provide certain returns. These returns are ideal options for attaining your goals. Daily savings can help you build an emergency fund. You can use this if anything unplanned, such as a medical emergency or job loss happens. You can invest any money left over after paying your EMIs and other monthly expenses, in FDs. You can also invest any extra income you might get, such as gifts from family members or a bonus at work, in FDs. As an option, you might create an RD and start making small monthly instalments. For fixed deposits and RDs, banks provide a range of terms and competitive interest rates. Opening an account is simple. There is little paperwork (account holders who have already gone through the KYC process need not provide any). Another choice is to make your first early withdrawal without incurring fees. This withdrawal may be up to 25% of your original capital. If you wish to get a set sum of money when the investment matures, choose a fixed deposit with a tenure that matches the period needed to attain your goal. To see how much money you need to save and for how long, use the fixed deposit calculator. Make your budget work for you A financial plan will help you keep track of your income and expenses. With this, you can see where your money is going. Include a payment plan. With this, you can keep an eye on your long- and short-term financial status. You can also assess if you are reaching your financial goals. Making and following a budget is one of the best ways to plan for the future. In the end, your budget should be tailored to you and your situation, so make sure it works for you. Learn about money for yourself and your family The finest asset you can make is time. You can use this time to learn about financial planning. Making wise financial choices should be a family focus. Financial literacy begins at a young age. Avoid living above your means Understand the difference between necessities and luxuries. Long-term financial stability is important. You need to be sure your lifestyle is sustainable. Be honest with yourself and acknowledge your financial limitations. A family’s emergency savings account should have enough money to pay for three to six months’ worth of expenditures. Being dependable, trustworthy, and realistic may help your financial condition. Preventing and defending against financial abuse There is a rise in both personal and business use of internet technology. It’s crucial to remember that whether you’re shopping or using online banking, you might be at risk. Make sure you are trying to protect against fraud and scams that might cause you harm. Use a private, secure connection while dealing with sensitive information. Log out when finished. Do not read, click, or reply to links or emails coming from unknown or shady sources. Keep your access codes, PIN, user ID, and password confidential. Report any lost or stolen debit or credit cards right away. How does the FD interest calculator help in financial planning? A fixed deposit offers constant growth without incurring any risks. So savings can be stored there. Before investing in a fixed deposit, it is crucial to know how much one expects to gain at the end of the period. An FD calculator can be used for this. Investors who wish to plan their investments ahead of time can use the fixed deposit interest calculator. This will help them to figure out the maturity amount, interest payments, and maturity date before investing. Investors may plan their investments before investing using the fixed deposit interest rate calculator. To use the calculator, follow these two easy steps: Step 1: Enter your preferred investment amount and term. Step 2: Decide on the investment tenure. The FD maturity amount, interest earned, and payment amount are all presented on the screen with only one click. Monthly or periodic income can also be calculated using the FD Calculator. The FD rate calculator is also useful for people who live abroad and wish to invest in a fixed deposit. [B-02] Conclusion Spread your money across the right financial instruments. With this, you can ensure that it grows in value and is there when you need it. Older people may make the most of their resources and access desirable benefits by setting up a fixed deposit. A long-term FD will provide a steady stream of income for your needs after retirement. This will also ensure earning higher interest rates. You can look at Piramal Finance and their website to find out more.
08-11-2023
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Dream Mobile

Best Selling Latest Mobile Phones In India – Price & Specs

The smartphone revolution has taken over the world. As a consumer, you probably want a smartphone with the most cutting-edge tech. The best and latest mobile phones in India offer top-notch features with cameras that would put a DSLR to shame. However, you might have gotten confused since there are so many options in the market today. But don’t worry about it. We have you covered on the best mobile phones in the market. Here are the best-selling mobile phones in India: [B-01] Apple iPhone 14 Apple released the much-awaited successor to the iPhone 13 this year. The iPhone 14 like all the other iPhones before it packs a solid punch. The new A15 Bionic Chip does not disappoint and you will not feel a single lag when you are using the phone. Along with unmatched performance, Apple has also clinched the best camera phone tag as expected. The iPhone 14 is one of the best mobile phones out there. However, you might feel that it is on the expensive side of things, but it is worth every penny you pay for it. Here are the specifications for iPhone 14: Display: 6.1-inch Retina Display with 2532 x 1170 pixels Pixels Per Inch: 460 PPI Processor: A15 Bionic Chip Camera: 12MP Main and 12MP Ultra Wide with optical image stabilization Selfie camera: 12MP Other Features: FaceID, iBeacon micro-location, Digital compass. Google Pixel 7 Pro Google has done what it does best with the Google Pixel 7 Pro. It has provided the best mobile phone software experience money can buy with the Google Pixel 7 Pro. It is also the only phone which can compete with the best camera phone tag of the iPhone. The G2 tensor chip provides impeccable performance while saving battery life. This phone will last you all day long easy. Here are some specifications for the Google Pixel 7 Pro which is one of the best mobile phones in India: Display: 6.7 inch AMOLED Display with 3120 x 1440 pixels Pixels Per Inch: 512 Processor: Google Tensor G2 Camera: Triple camera set up with 50MP Wide, 48MP telephoto, and 12MP ultra-wide Selfie Camera: 10.8MP Other Features: NFC, compass, proximity sensor, barometer Samsung Galaxy S22 Ultra Samsung is one of the toughest competitors of the iPhone in the premium smartphone category. Every year, it competes with the iPhone to be the best mobile phone in the world. The Samsung Galaxy S22 Ultra specifications provide a premium smartphone experience. From the camera to the interface, the S22 Ultra is an amazing performer in every department possible. This smartphone has a beautiful AMOLED display that is unlike any other. Here are some specifications of one of the best mobile phones in the world: Display: 6.8 inches Dynamic AMOLED Display with 3088 x 1440 pixels Pixels Per Inch: 500 Processor: Exynos 2200 Camera: Four camera set up with 108MP Wide, 10MP Periscope, 10MP telephoto, and 12MP ultra-wide Selfie Camera: 40MP Other Features: under-display ultrasonic fingerprint, NFC, compass, Samsung DeX (Desktop support) OnePlus 10 Pro OnePlus has grown in popularity ever since the revolutionary OnePlus One which was one of the best mobile phones of its time. However, OnePlus has never been known to be among the best camera phones in the market. The phone manufacturer has turned its image and the OnePlus 10 Pro has one of the best cameras in the market right now. The performance prowess of the OnePlus 10 Pro coupled with an outstanding camera set up has made the 10 Pro one of the best mobile phones in the Indian market. Here are some specifications of the OnePlus 10 Pro: Display: 6.7 inch Fluid AMOLED LPTO2 Display with 3216 x 1440 pixels Pixels Per Inch: 525 Processor: Qualcomm Snapdragon 8 Gen 1 Camera: Triple camera set up with 48MP Wide, 8MP telephoto, and 50MP ultra-wide Selfie Camera: 32MP Other Features: Stereo speakers, NFC, Wi-Fi Direct, under-display optical fingerprint sensor Motorola Edge 30 Fusion In the mid-range premium category, the Motorola Edge 30 Fusion is an outperformer. The Edge 30 Fusion offers a stock Android experience with impeccable all-around performance that you can count on. Not only that, the price point of the Edge 30 Fusion makes it a value-for-money deal that you wouldn’t want to miss out on. The flagship killer from Motorola is made for buyers who want a premium experience but do not shell out a lot of money. Here are some specifications of the Motorola Edge 30 Fusion: Display: 6.55-inch P-OLED Display with 2400 x 1080 pixels Pixels Per Inch: 402 Processor: Qualcomm Snapdragon 888+ 5G Camera: Triple camera set up with 50MP Wide, 13MP ultra-wide, and 2MP depth sensor Selfie Camera: 32MP Other Features: NFC, under-display optical fingerprint, gyro, accelerometer, and compass Asus ROG Phone 6 The ROG Phone 6 is probably the most unique phone on this list. It is a gaming phone that an average user will also love. If you love Call of Duty or Asphalt, you are going to love this phone. The gaming performance of the phone is unmatched. The performance coupled with gaming-specific features like triggers, cooler accessories, etc. makes it an ideal phone for gamers. It is the best mobile phone for gamers right now. However, since the phone provides super performance along with long-lasting battery performance, an average user will love it as well. Here are some specifications of the Asus ROG Phone 6: Display: 6.78-inch P-OLED Display with 2448 x 1080 pixels Pixels Per Inch: 395 Processor: Qualcomm Snapdragon 8+ Gen 1 Camera: Triple camera set up with 50MP Wide, 13MP ultra-wide, and 5MP macro Selfie Camera: 12MP Other Features: NTFS support for external storage, gaming triggers, thermal system, customizable RGB lighting in the back [B-02] Conclusion The smartphone market in India has plenty of options for every price point. You have a lot of options to choose from. We have listed the best mobile phones in India right now but every phone has its own pros and cons. If you want the best camera, you should go for the iPhone or the Google Pixel 7 Pro. If you want a gaming phone, you should go for Asus ROG Phone 6. You should select a phone that meets your requirements. After selecting one that amazes you, take the help of Piramal Finance to buy the phone of your dreams. Visit their website now and see the amazing offerings on display.
08-11-2023
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Business Loan

Business Loan – Short-Term vs Long-Term Loans

Business loans are often the driving force behind a firm’s success. You may use a loan to outfit your firm with office space, need supplies, tools, and more. Any firm may profit significantly from a loan at some point in time. This is where business loans come into play. These loans may help you survive and develop your firm by allowing you to purchase new goods, modernise tools, and invest extra cash into future initiatives and operations. Loan providers often categorise business loans as either long-term or short-term business loans. Each of these is suited to certain firm requirements. And each has its own set of perks. Are you considering using a business loan to support your new venture? Find out which sort of business loan is best for you here. [B-01] What exactly are Short-Term Business Loans? As the name implies, a short-term business loan is available for a shorter period. This period normally lasts a little more than a year. A short-term firm loan provides fast liquidity for critical demands such as stockpiling vital inventory goods, paying back suppliers, sustaining a seasonal cash flow, and more. Typically, firm loans demand collateral to guarantee that your vendor is adequately reimbursed if monetisation fails. Short-term loans also assist company owners with the right quantity of money. To get a long-term loan, you must often request a large sum of money. The smaller loan amounts make it simpler to repay and repay debt sooner. Yet, since short-term business loans are for such a short time, no collateral is required to get them. These loans also need less paperwork than long-term loans. What Are Long-Term Business Loans? A long-term business loan, as opposed to a short-term business loan, provides larger sums and has a longer period. A long-term firm loan may often be obtained for 5 to 10 years or more. Since these loans are substantially larger and paid over a longer period, these may be used for things like acquiring cutting-edge tools, firm expansion, and renovating the firm’s design. Long-term business loans, in short, have a higher payback amount. As a result, you may be asked to pledge an asset as security to get these loans. Loan disbursement takes a little longer for long-term loans than for short-term business loans. Lenders often want extra evidence, such as a soft copy of your firm’s balance sheet, to validate your loan form. Key differences between Short-Term & Long-Term Business Loans Here are the key differences between long-term and short-term business loans: Basis Long-Term Business LoanShort-Term Business LoanEligibility CriteriaStrict qualifying requirementsA short-term business loan has slightly easy eligibility needs.TenureA long payback period extends from 5 to 10 years. In certain situations, it is even longer.A brief payback period lasts between one and three years.Paperwork Heavy paperworkShort-term business loans need minimal paperwork.Rates The interest rate is lower.The interest rate charged is usually high.Processing TimeThese loans often allow faster access to money, sometimes in as little as 24 hours.These normally have a lengthy form process that might last a week or two. How to choose between Short-Term and Long-Term Business Loans Requirements for cash flow Timing is critical when deciding on the repayment period for your short-term business loan. You must have enough money to pay back the loan if it is due. Yet, a missed deadline might still strain your firm’s finances. Imagine the following scenario: your payment is due, you pay it on time, but you now have very little cash left. You may be unable to pay other bills or be forced to delay other investments. You risk accruing late fines or getting a bad credit score if you make other payments late, further jeopardising your firm’s financial condition. Make precise projections of your firm’s cash flow needs to avoid this. While at it, consider any extra expenses that may affect your cash flow as your loan due date approaches. Consider your future and current financial status If you’re evaluating many options, a short-term loan may make sense to enable you to do the research to decide which is worthwhile. If you are just starting and your short-term cash flow is uncertain, you should give yourself extra time. In this case, a short-term firm loan might make more sense. A long-term business debt over your head is not ideal if your firm collapses. As a result, a short-term firm loan may be a better place to start. Determine your risk tolerance Each entrepreneur must accept the risk of success, although the risk varies depending on various factors. It’s important to remember that there is no “correct” answer to the issue of how much risk you’re willing to accept. The risks are context-dependent when deciding between short-term and long-term financing. When all other factors are equal, a long-term loan is riskier than a short-term firm loan since repayment takes longer. As the debt must be returned sooner, you will often have to pay greater EMIs on a short-term business loan than you would on a long-term firm loan. You may claim that a short-term firm loan is risky if the extra payments are likely to cause financial difficulties. Finally, determine which loan option is most likely to be granted. Newer firms sometimes cannot get long-term capital simply because these firms lack financial experience. In this case, short-term finance may be your only option. [B-02] Conclusion Finally, picking between long- and short-term business loans comes down to your firm’s demands. A short-term business loan is likely better suited for most small firm owners. Yet, long-term finance may be required in certain cases. Regardless of the term of your loan, it’s critical to deal with a lender that knows your firm’s goals and issues. Instead of placing your firm in a one-size-fits-all box, look for a lender that can tailor a loan package to your specific requirements. Still unsure if your firm needs a long-term or short-term loan? Visit Piramal Finance for similar blogs and learn about their products and services.
08-11-2023
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