A Reverse EMI Makes Travel More Pleasurable
The Finapolis|November 2017

The right way to enjoy your vacation is to plan it well in advance and save regularly for it, as there is no point in taking a holiday which results in financial stress at a later stage

- Balwant Jain
A Reverse EMI Makes Travel More Pleasurable

The above statement of one of the most learned and wisest men on the earth clearly brings out the benefits which one can derive from undertaking a travel. With globalisation, inspiration of Indian people have multiplied many a fold. Earlier, we used to be happy with imported goods. Now, we, instead, want to travel to the countries of origin of such goods.

In my childhood, visiting a nearby religious place was considered to be the only holiday which we looked forward to, but the same isn’t true in the case of my daughters now. Indians not only travel within the country, but also travel to every nook and corner of the globe, these days.

Each travel comes with a costs in terms of air tickets, hotel charges and shopping as well which is part of the travel. Such costs can be met by using the savings. But, some people borrow money as personal loans or avail themselves of credit facilities offered by tour operators, to meet the cost of the travel and repay the same by way of an Equated Monthly Instalment (EMI). The money borrowed on personal loans is given without any security, so generally they cost more in terms of rate of interest ranging between 15% to 21%. So, should you borrow money through personal loan bearing a high rate of interest or use the credit facilities offered by some of the travel companies, which have the interest built into the price of the tour? Let us discuss.

Should you borrow for your holidays?

この蚘事は The Finapolis の November 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Finapolis の November 2017 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE FINAPOLISのその他の蚘事すべお衚瀺
7 Ways to Prevent Text Neck
The Finapolis

7 Ways to Prevent Text Neck

Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine

time-read
3 分  |
September 2016
How To Take Your Networking To Next Level
The Finapolis

How To Take Your Networking To Next Level

Networking is one of the best ways to use your time

time-read
4 分  |
September 2016
5 Fun Ways To Save Money
The Finapolis

5 Fun Ways To Save Money

There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.

time-read
4 分  |
September 2016
In Search of Higher Returns Amid Falling Rates
The Finapolis

In Search of Higher Returns Amid Falling Rates

As Bank Deposit Rates Fall, Even Conservative Investors Are Switching Assets. Where Can They Go? 

time-read
5 分  |
December 2016
National Savings Certificates Help as Interest Rates Fall
The Finapolis

National Savings Certificates Help as Interest Rates Fall

National Savings Certificates (NSCs) have been among the most popular tax-saving options for ages. In spite of the advent of market-linked investment products such as equity-linked savings schemes (ELSS), the certificates have retained their charm for certain sections of society. In this column, let us discuss the various facets of this special instrument of investment.

time-read
3 分  |
December 2016
What Drives Us to Invest?
The Finapolis

What Drives Us to Invest?

I had made the journey from economics to finance. As part of Keynesian economics, we were taught about the three motives to hold money: the transactions motive, the precautionary motive and the speculative motive; all through my teaching career that remained part of my Keynesian economics. But two decades, later when I immersed myself into the world of investment, I had to develop my own tools to understand the new discipline and make my investors understand the working of their own minds. One night as lay turning on my back, poring over the day’s happenings, suddenly I made a strong connection between what I had studied years back and the problem I was grappling with now: the motives.

time-read
4 分  |
December 2016
Ask The Finapolis
The Finapolis

Ask The Finapolis

Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com

time-read
9 分  |
June 2017
Input Tax Credit To Benefit End-customer
The Finapolis

Input Tax Credit To Benefit End-customer

Looking at the scale of India, it is reasonable to expect 3-5 years for the system to stabilize

time-read
4 分  |
June 2017
Will GST Really Spike Up Your Bills?
The Finapolis

Will GST Really Spike Up Your Bills?

As goods and service providers can claim input tax credit, your net tax bill will reduce say experts

time-read
4 分  |
June 2017
The Bull Run Is Here To Stay
The Finapolis

The Bull Run Is Here To Stay

Karvy Finapolis’ event —“Is this the mother of all bull runs?” — evoked a thunderous response from investing public recently in Hyderabad.

time-read
4 分  |
June 2017