Pocket Money - SEBI Investor Awareness Website - Securities and ...

Pocket Money - SEBI Investor Awareness Website - Securities and ... Pocket Money - SEBI Investor Awareness Website - Securities and ...

investor.sebi.gov.in
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11.07.2015 Views

• Personal Loan• Education Loan• Housing/Home LoanTheory-WiseParameters for takingbank loan and calculatingEMI: Amount of loan Loan Period Rate of InterestRefer to the Money Maxims booklet in your study kit (asHomework) for more information on these loansHow much should you borrow? The 70-20-10 RuleWhat is 70-20-10 Rule?______________________________________________________________________________________________________________________________________________________SMART PREVIEWIn your next class you will apply all your learnings in a reallife situation and look at the scope of earning while learning.90

SESSION 8THE FINAL COUNTDOWNMY LAST DEPOSITFIBankBorrowing should be need-based not want based.There is a cost attached to Borrowing which is calledinterest.Concept of Equated Monthly InstallmentCredit cards - its advantages and precautionsGeneral guiding principles of taking bank loans.The 70 - 20 - 10 - rule91

SESSION 8THE FINAL COUNTDOWNMY LAST DEPOSITFIBankBorrowing should be need-based not want based.There is a cost attached to Borrowing which is calledinterest.Concept of Equated Monthly InstallmentCredit cards - its advantages <strong>and</strong> precautionsGeneral guiding principles of taking bank loans.The 70 - 20 - 10 - rule91

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