Nuggets on personal finance

Read, watch and listen to various topics on personal finance. Make better financial decisions for self and family.

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@declansun?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Declan Sun</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

Loan interest rates made simple

Understand the difference between flat and reducing balance interest rates. Flat rates seem simpler but cost you more. Reducing balance rates save you money over time. Calculate interest annually for a clearer picture. Choose wisely to avoid overpaying.

by Mera Kal Staff

laip

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@prolabprints?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">ron dyar</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

LAIP

4 min

16 August 2024

How to utilize loans against life insurance policies

Don't let your policy lapse. Convert it into a financial asset with Mera Kal's loans against life insurance. Get quick, hassle-free access to funds without surrendering your policy. Enjoy lower interest rates and minimal documentation. Take control of your financial future today.

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@blankerwahnsinn?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Fabian Blank</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

LAIP

3 min

16 August 2024

Decoding IRDAI's New Proposal on Surrender Value, Special Surrender Value & Guaranteed Surrender Value

IRDAI's new rules boost surrender values for life insurance policyholders. Expect higher payouts upon policy surrender. Understand the impact on your policy and financial planning.

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@atherenergy?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Ather Energy</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

LAIP

2 min

16 August 2024

Spokes and Dreams: The zero down payment bike loan with your life insurance policy

Unlock your dream with a zero down payment bike loan using your LIC policy. Enjoy quick approval, competitive rates, and build your credit score. Ride away on your dream bike today.

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@constantinevdokimov?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Konstantin Evdokimov</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

LAIP

4 min

16 August 2024

Need an urgent loan for a medical expense?

Don't let finances be a burden. Explore options for urgent medical loans without a credit score. Understand your needs, research loans, gather documents, and apply wisely. Secure your health, manage your finances effectively.

by Mera Kal Staff

partnership

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@joel_m_peel?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Joel Peel</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

Partnership

3 min

16 August 2024

Loans Against Insurance Policies: A New Tool For IFAs

Life insurance is a financial asset often overlooked. Unlock its potential with loans against policy value. Access funds without surrendering, maintain coverage, enjoy lower interest rates, and boost your client's financial flexibility.

by Mera Kal Staff

personal-finance

Personal Finance

4 min

16 August 2024

Loan interest rates made simple

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@hostreviews?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Stephen Phillips - Hostreviews.co.uk</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

Personal Finance

2 min

16 August 2024

Pros and Cons of Credit Cards

Credit cards are convenient, reward-based payments with potential for debt. Manage spending wisely, pay on time, and avoid high-interest traps. Balance benefits with risks for responsible use.

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@jakubzerdzicki?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Jakub Żerdzicki</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

Personal Finance

3 min

16 August 2024

What is a credit score? How is it calculated?

Understand how it's calculated and impacted by repayment history, credit usage, and inquiry count. Discover India's major credit bureaus: CIBIL, Equifax, Experian, and High Mark. Build a strong credit profile for better financial opportunities.

by Mera Kal Staff

<span style="white-space: pre-wrap;">Photo by </span><a href="https://unsplash.com/@ayaneshu?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Ayaneshu Bhardwaj</span></a><span style="white-space: pre-wrap;"> / </span><a href="https://unsplash.com/?utm_source=ghost&utm_medium=referral&utm_campaign=api-credit"><span style="white-space: pre-wrap;">Unsplash</span></a>

Personal Finance

3 min

16 August 2024

‍What are Personal Loans? What are the benefits and drawbacks of personal loans?

Personal loans offer lump sum funds with fixed repayment terms. Ideal for large expenses like medical bills or home renovations. Lower interest rates than credit cards but often require good credit and may incur fees. Consider eligibility and repayment terms before borrowing.

by Mera Kal Staff

tools

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Tools

3 min

16 August 2024

Harness the power of our surrender value calculator

Mera Kal Surrender Value Calculator helps you understand your policy's worth. Discover how this figure can unlock potential loans and financial opportunities.

by Mera Kal Staff

calculators

11,500+ customers have estimated surrender value, loan eligibility

Enter some basic policy details and receive an estimate of surrender value and loan eligibility immediately

Estimate Surrender Value Check Loan Eligibility