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  • How can I get my debt under control?
    • Reduce Use of Credit Cards: Compounding monthly a $2,500 unpaid balance on a credit card that charges an 18% annual percentage rate means you're paying an effective interest rate of 19.56%, or nearly $500 in annual interest charges. If you paid off the $2,500 balance, you would earn, in effect, a 19.56% "return" on your money.
    • Reduce Current Debt: If you currently are heavily burdened with debt, there are several steps to consider. First, of course, is to start paying off your debt, and two approaches are possible: You can pay off the highest-interest debt first, which would save you the most money; or you could pay off the lowest balance first. You may want to consider consolidating your loans, but don't spend the savings, or you won't come out ahead.
    • Develop a Personal Finance Debt Plan: Unless you develop a plan for paying your debts, frustration and bad credit can easily result. By developing a worksheet listing the name of creditors, dates last paid, when balances are due, interest rates being charged, monthly payments and totals due, you can address your credit obligations. Be sure to list all consumer debts, noting the maturity dates for non-revolving charges.
  • What kinds of life insurance are available?

    There are two basic types of life insurance: term insurance and cash value life insurance. Term insurance is straightforward and easy-to-understand—it provides a death benefit with no cash value. The term premium increases either every year or at specified intervals, usually five or 10 years.Cash value life insurance is variously known as whole life, universal life, interest-sensitive whole life and variable life. Cash value premiums are generally three to eight times the amount of the initial term premium and, unlike term insurance premiums, remain level. The cash value policy's premium can be designed to be paid for a limited number of years. How many years can't be exactly known because it depends largely on future investment yields.

  • What is diversification and why is it important?

    If you invest in a single security, your return will depend solely on that security; if that security flops, your entire return will be severely affected. Clearly, held by itself, the single security is highly risky. If you add nine other unrelated securities to that single security portfolio, the possible outcome changes—if that security flops, your entire return won't be as badly hurt. By diversifying the investments in your personal financial plan, you have substantially reduced the risk of the single security. However, that security's return will be the same whether held in isolation or in a portfolio. Diversification substantially reduces your risk with little impact on potential returns. The key involves investing in categories or securities that are dissimilar: Their returns are affected by different factors and they face different kinds of risks. Diversification should occur at all levels of investing. Diversification among the major asset categories—stocks, fixed-income and money market investments—can help reduce market risk, inflation risk and liquidity risk, since these categories are affected by different market and economic factors. Diversification within the major asset categories—for instance, among the various kinds of stocks (international or domestic, for instance) or fixed-income products—can help further reduce market and inflation risk. Diversification among individual securities helps reduce business risk.

  • What are some examples of simple interest loans?

    Two good examples of simple interest loans are simple interest car loans and the interest owed on lines of credit such as credit cards. Simple interest is the amount of money you owe on a loan or the interest you earn on bank deposits. With simple interest loans, a borrower takes out a loan for the principle amount needed and also needs to pay additional money in the form of compounding interest. The formula for simple interest is:

    Simple interest = (interest rate) x (number of time periods) x (principle amount borrowed)

  • Under what circumstances would I require private wealth management?

    An investor who is a high-net-worth individual (HNWI) may require private wealth management services. HNWIs have unique financial situations that require greater diligence and a higher degree of active management. Further, HNWIs require a more holistic approach to investment management than many financial advisers are capable of providing. HNWIs can have issues with income taxes, estate planning, investment management and other legal issues that need more attention and specific expertise than traditional investment advisers are qualified to give.Many private wealth management firms are smaller groups within larger financial institutions that are focused on providing personalized service to their clients. Their main objective is to manage and grow the assets of their clients to provide for future generations. These groups often have a variety of advisers and expertise that provide guidance across a wide spectrum of investments including cash, fixed income, equities and alternative investments.

  • Is the finance rate fixed?

    Yes, it is fixed.

  • Can I choose the period of finance?

    Yes, you can choose the period that suits you, from one to five-years.

  • Is it necessary that my employing company be approved?


  • If my employing company is not approved, will I still be able to take a Personal Finance?

    You need to provide us with your company’s name and contact details, and we’ll contact the company to make further inquiries.

  • Do I need to transfer my salary to my account with you?

    Yes, your salary transfer to your account with us is mandatory.

  • Can I get the Personal Finance approved within 30 minutes?

    Yes, your will receive your finance within 30 minutes if you have you salary transferred to your account with us. If not, open an account with us and transfer your salary to this account. And after your salary is deposited for the first time in your account with us, apply to get your finance within 30 minutes.