Return On Investment क्या है? हमें Investment क्यों करनी चाहिए।

निवेश ( Investment ) क्या है?

भविष्य में जब आप किसी भी तरह का काम नहीं कर रहे है और आपकी कोई इनकम नहीं है, ऐसी परिस्थितियों में आपको पैसों की आवश्यकता तो होती ही है। लेकिन बिना नौकरी या बिजनेस के पैसे लाएंगे कहाँ से? इसके लिए आप आज की तारीख में अपने पैसों से घर, जमीन, गहने या किसी तरह की स्किम खरीदते है। जिससे भविष्य में आपके पैसे सुरक्षित रहते ही है, साथ ही इसपर आने वाले मुनाफे का आप फायदा उठा सकते है। जैसे कि आज आप ने एक घर खरीदा और कुछ सालों में उसकी कीमत बढ़ने के बाद उसे बेच दिया, तो आपको आपने जिस कीमत में अपना घर खरीदा था, उससे ज्यादा पैसे मिलते है। साथ ही इन कुछ सालों में अगर इस घर को आप रेंट पर देते है, तो हर महीने आने वाले रेंट से भी आपको फायदा ही होता है।

इन्वेस्टमेंट के दो मुख्य प्रकार है। एक है, फिक्स डिपाजिट, शेयर या बॉन्ड जिसमें आपको एक निश्चित ब्याज दर के साथ आपका रिटर्न हर महीने या साल मिलता है। दूसरा है, किसी चीज को खरीदना और उसकी कीमत बढ़ने के बाद उसे बेचकर अपने निवेश पर लाभ उठाना। किसी भी इन्वेस्टमेंट में सबसे जरूरी बात होती है, RETURN ON INVESTMENT। सबसे पहले जान लेते है, की Return On Investment होता क्या है।

 

Read more : https://www.yelonow.com/roi-calculation-emi-calculator-yelo/

New to Online Savings Account: Let’s Understand How to Use it?

Savings Account, not a new term, is known to almost all and acts as a handy tool to keep your funds safe. It not only keeps your funds intact but also comes as a better option of investment where your idle funds can gain attractive interest on them.

As we are living in a digital era, banks have made it very simple for the people to open new online savings account from the comfort of your office or home. Thus, you don’t have to physically visit the bank branch to facilitate the formalities that are required to open a savings account.

Read more: https://www.yelonow.com/online-savings-account-at-yelo/

Cash Advance Facts That You Must Know!

A cash advance is a short-term loan offered by a bank or an NBFs lender. The cash advance loan also refers to the service provided through credit card where the issuing authority allows the cardholders to withdraw a certain cash amount as per your approved eligibility. Cash advances generally come with steep interest rates and fees, but yes, they are attractive among borrowers as you get the fast approval and availability of the cash quickly. Cash advance or instant loans are very convenient to manage any emergency.

Advantages of Cash Advance Loans

We all need some additional cash to cover an unexpected expense or a shortfall toward the month's end. Cash Advance Loans are the quickest way to get money to cover those surprise expenses.

But having said this, Cash Advances come with some cons or negatives too:

ü  Processing Fee - In cash advance loans, the processing fee is either flat or fixed amount or a certain percentage, i.e. 1% to 5 % of the loan amount. Lenders pick the higher one.

ü  Higher Interest Rate - Cash Advances come with the highest rate of interest ranging from 22% to 30% as compared to any other loan.

ü  Immediate Interest Accrues - The interest rate in case of cash advances is charged aggressively for example, in credit card, you'll be charged from the day you take the amount, but in case of cash advance loans, you have to pay the interest amount for the whole period even if you pay back the loan amount.

This way Cash Advances are very aggressive and expensive, which also includes certain taxes, this makes hard for the people to pay back who take Cash advance loans.

How Cash Advances Can Harm Your Credit Score?

Taking cash advance loan will not impact the same, but it will start hurting when you begin utilizing the money. In any case, taking a cash advance can place you in a difficult situation that would bring down your Credit Score rating.

The cash advance loan is added to your balance parity, which changes the pattern of your credit use. Credit Utilization is a score that takes a gander at the amount of your all credit which you're utilizing. Ideally, it is recommended to keep this number under 30%. Interest also starts accruing from cash advance, which makes it further difficult for the person to clear all debts. And if you miss any of the loan repayments, this will more worsen the situation for you.

How Cash Advance Loan Is Different From Payday Loan?

If we talk about the form their basic structure and practicality, both are more or less similar. In both cases, the borrower gets the loan amount immediately and for a shorter period with hefty processing fees and higher interest rates.

The main difference in Payday Loans as compared to Cash advance is that they are, decided based on your pay cheque rather your credit history. The payment of Payday loan is done immediately on the very next day of your salary credit through post dated cheque which you give to your lender at the time of loan approval and disbursal.

No matter which loan you take, but if manage it smartly and responsibly, it will help you to manage any financial stress is an easier way.

Instant Loans - How To Get Prepared For An Emergency Situation With Emergency Funds?

Nobody likes to get into a financial crunch and wants to spend their time managing or contemplating those worst-case scenarios. But still no one can get to escape from such situations, and if any emergency happens for which you are not prepared or have not done any finance management of your funds or money than fallout could be super frustrating and stressful along with serious consequences. This is why you need to have emergency funds that will help and protect your financial position or well-being.

Here some tips are mentioned, which can be followed to plan for any financial emergency that may come in your way.

Budgeting of Your Funds

It’s very important for you to prepare or do budgeting of your income else you will keep on spending. Always try to keep some portion as a monthly saving or allocate some money to emergency funds and don’t touch them. Decide on a comfortable amount, so that your monthly expenses didn’t get hit. If you do proper financial management of funds, then trust you can responsibly manage any emergency situation.

Pay All Your Bills or Dues or Loans on Time

Paying the bills, or any Instant loans on time will keep your credit history positive that can make your CIBIL score in a good position. And in the future, if you need any funds for any crisis situation, you can immediately apply for instant cash loans.

By building up the saving buffer, i.e. an emergency fund can prepare you for any unexpected emergencies without letting you into strain or hassle. Emergency funds arranged from self or through instant cash loans can act as a backbone of your strong financial management.