HDB Financial Services

We know that working on a household budget isn’t exactly your idea of spending a romantic evening but it is one of the keys to a happy and peaceful married life. Paying off the credit card bill every month on or before the due date wasn’t a part of your marriage vows but it can surely strengthen your relationship in more than one way. Partners who ignore or avoid discussing financial matters with each other often find their financial life in disarray. It is important to educate each other about things like personal loan interest rates , tax rebates, new savings instruments in the market etc. to maintain the financial health of the family. There should be enough clarity on who is supposed to do what. For example, paying the monthly electricity bill, keeping tabs on the bank debits and credits or paying health insurance premiums etc. Involvement of both partners in financial matters Most financial experts agree about the fact that both partners should be completely clued on to the fi...

If you are buying a car or replacing an existing one, then this article is for you. These are important decisions and need careful thinking as you will be investing a substantial amount. A vehicle is considered to be a status symbol in our society and till recently, was a privilege of the rich and famous. The pricier the car, the higher one is placed on the societal strata. This drives a lot amongst us to buy a car without giving it a thought about its actual use, the maintenance costs or the depreciation. Time for some introspection Nowadays, one can easily purchase a car by applying for a loan as a car loan and personal loan interest rates can be negotiated and are well within the common man’s reach. Yet, it would be wise to as yourself the following questions before committing to the decision:  When do I need a car?  Will my car be an asset or a liability?  Is it time to replace the old car for a new one?  What should my budget be for the first car? Asset or Liabilit...