Commercial Bank Loans and Insurance: December 2011

Wednesday, 21 December 2011

To get new offer frm your HDFC bank credit card:on online shopping

Shop any product from STAR CJ Alive with your HDFC Bank Credit Card and get Rs. 250/- off. This Offer is valid up to 31st December, 2011.

Offer details:

1. Use promocode0202-201112 to avail discount on online shopping on www.starcj.com
2. Use promocode201112 for TV Orders – Call: 1860 500 1860 to avail the offer
3. Offer valid up to 31st December, 2011.

Terms & Conditions of Promotion:

The offer is valid on shopping done on www.starcj.com or on star cj IVR 1860 500 1860
The offer is valid on shopping made till 31st Dec 2011
Promocode has to be used while transacting to avail the discount, incase promocode is not used Cashback will not be posted at a later date.
This offer is valid for Indian residents and citizens only.
The terms and conditions of this promotion are subject to change without any prior notice.
Delinquent and over-limit HDFC Bank Credit Card members will not qualify for this promotion.
HDFC Bank Cardholders are not bound in anyway to participate in this offer. Any participation is voluntary and the offer is being made purely on a best effort basis.
HDFC Bank reserve the right at anytime, without prior notice to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly or in part, the above offer by another offer, whether similar to above offer or not, or to withdraw it altogether.
Nothing herein amounts to a commitment by HDFC Bank to conduct further, similar or other offers.
HDFC Bank is neither responsible nor guarantees the quality of gifts/ products /service provided by the vendor. The quality of the service / gift is the responsibility of the vendor / service provider.
Any Government levies / taxes like Sales Tax, TDS, Road Tax, Airport Tax, any Local Tax etc. arising out of the same will be borne by the HDFC Bank Credit Card customer.
.The above offer is by way of a special offer for select HDFC Bank Credit Cardholders only and nothing contained herein shall prejudice or affect the terms and conditions of the card member agreement. The terms of the above schemes shall be in addition to and not in derogation of the terms contained in the card member agreement.
All disputes, if any, arising out of or in connection with or as a result of above offers or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts / tribunals in Chennai only, irrespective of whether courts / tribunals in other areas have concurrent or similar jurisdiction.
.The participants will not hold HDFC Bank responsible or liable for any deficiency or defect in the product/services availed by Credit Card customer, any actions, claims, demands, losses, damages, costs, charges and expenses which a participant may suffer, sustain or incur by way of above offer.

Monday, 19 December 2011

For smarter Health Insurance planning we have some important suggetions

Apply for the Health Insurance:

Insurance is a very vital part of the overall financial plan for any individual. Ensuring that there is the right amount of insurance is important for the achievement of several financial objectives. This calls for specific attention to several features related to insurance, which are as under:
1. Make effective use of insurance
Insurance is a route that helps you achieve several financial objectives. One of them is to provide support for your dependants in times of need. The other is the tax benefit that one gets on the premium paid on insurance. At the same time, insurance can provide money in old age when the requirement for funds is high. By making effective use of insurance you can achieve either of the objectives.

2. Additional benefit possible
There are various types of insurance present in the market. Life insurance is one common area, and there is a tax benefit possible up to Rs 1 lakh on the premium paid in a financial year under Section 80C. At the same time, there is an additional benefit under Section 80D for the payment of premium of a medical insurance. Using insurance you can not only get proper cover but also ensure a higher tax benefit.
3. Determine amount of cover for self
There is an additional tax benefit attached to insurance that is not available in several other investment areas. In case of life insurance, you can get a deduction even for premium that you have paid for your spouse or children. In case of medical insurance, there is an additional limit that is available for cover of parents who are senior citizens. Such a facility enables adequate cover for the family, thus achieving your financial objectives.
4. Understand the time period of policy
The process of insurance is not onetime but has to be continued over a period of time. This requires you to make various changes to your amount of insurance cover and the types of policies when the conditions related to you change. For example, marriage or the birth of children will require a reevaluation of the entire position on the insurance front. This includes raising the amount of insurance cover and even changing of the insurance policy mix for getting the right kind of benefits.
5. Use relevant options
There is some additional work required on your part because just selecting a particular kind of insurance will not complete your need. Within that particular area you have to select a particular policy. Different policies achieve different objectives, and hence the one that suits your needs best is the one that has to be selected. If you require just an insurance cover at the lowest cost then a term policy is right for you, while if you require a savings element linked to market performance then you will select a unit-linked policy and so on.
6. Return and its importance
One thing that most people will find is that making the payment for an insurance policy is very easy and this can be suited to your requirements. You can opt for a monthly premium payment or even a half-yearly insurance premium payment, at your convenience. At the same time, there can be a one-time payment in the form of a single premium policy. Even direct deduction of money from your salary each month or from your account is possible. This reduces the pressure on you to remember and make the payments and eases the process.

A trip to the USA with your HDFC Bank Visa Card-Overview

Planning a trip to the U.S.? Looking for an affordable stay? With your HDFC Bank Visa Card, you can avail exclusive offers on hotel bookings! Valid till 31st December, 2011.
A trip to the USA has never been so affordable! Visa cardholders can now enjoy fantastic hotel prices in New York, Las Vegas, Los Angeles, San Francisco and many more!

Overview of various deals:

Hotel
City
Star
Price From (USD)
Deal details
Park Central Hotel New York
New York
4
USD209
Save 30% on your stay!
The Helmsley Park Lane Hotel New York
New York
4
USD251
Save 25% on your stay!
Omni Houston Hotel
Houston
4
USD125
Room Only
Hotel Derek Houston
Houston
4
USD125
Room Only
The Standard Hotel Downtown Los Angeles
Los Angeles
4
USD120
20% Savings, Stay 3 Nights
Andaz West Hollywood Los Angeles
Los Angeles
4
USD300
Welcome Credit - $150 hotel credit per stay
Parc 55 Wyndham San Francisco Union Square Hotel
San Francisco
4
USD110
Room Only
Nikko Hotel San Francisco
San Francisco
4
USD155
Room Only
Paris Las Vegas Hotel
Las Vegas
4
USD76
Save 20% on 2 nights PLUS 2-for-1s & Discounts
Booking and stay period from now till 31 December 2011
Offer valid on all Visa cards
Bookings on www.hotelclub.com/visa

Terms & Conditions of Promotion
The privileges are available to all Visa cardholders
All relevant payments must be made with Visa card to enjoy the privilege
Prices may fluctuate due to currency fluctuation and room availability
Booking and cancellation terms and conditions apply
Details of terms and conditions for booking and staying periods can be found at www.hotelclub.com/visa

Sunday, 18 December 2011

Home loan-long term financial commitment:at HSBC

At HSBC, we understand that buying a home is a long-term financial commitment. Smart Home is a simple way to use your savings smartly, by letting you decide how much interest to pay. Repay your loan sooner. Smart Home offers competitive home loan interest rates and more.
Smart Home Features & Benefits:
Save up to 50% on interest payments
With every Smart Home, you get a current account. All you need to do is put your usual savings, from other accounts, into the Smart Home Account. Depending on the savings you put into the Smart Home Account, you can reduce the quantum of interest paid by up to 50%.

Here's how Smart Home works to save you money
Your home loan interest is calculated, on the principal outstanding minus the savings deposited in your Smart Home Account every month, over and above your EMI. Calculate your savings:

Tax benefits
Smart Home customers are eligible for certain tax benefits on principal and interest components of a housing loan under the Income Tax Act, 1961*.

* Please consult your tax advisor/C.A. for specific details.

Exclusive Smart Home banking privileges for you:
You can even use the Smart Home Account as your main bank account for depositing and withdrawing money
Along with your Smart Home, get access to an HSBC Advance* Account, with the following benefits:

Free access to 23,500 VISA ATMs across India, with your HSBC Advance Platinum Debit Card+
Free cheque payable at par facility
Dedicated service desks and counters at HSBC branches in India
Financial planning services to help you plan your financial goals

* For a Mortgage relationship where loan amount is Rs. 15 lakh or more with HSBC India.

The usage of the card is governed by applicable terms and conditions:

All loans at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. Loans available for applicant and properties in and around the city limits of Mumbai, Pune, New Delhi(NCR), Bengaluru, Chennai, Ahmedabad, Chandigarh and Jaipur and are subject to change from time to time.

Please be advised that vide Notification No. 8/2009 - ST dated February 24, 2009, a service tax of 10% + 2% education cess + 1% secondary and higher secondary education cess thereon will be applicable on our fees and charges

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Fundamental analysis of stock

Fundamental analysis of stock can be done by looking the company's condition, whether it is a good company or not. Here are some criteria you need to check:

1. The company is market leader in the industry. As we know Coca cola is the market leader in soft drink market. Market leader is one of company's competitive advantages that differs them from other competitors. Company which is a market leader can raise their product or service price easier. Other competitive advantages you can look into are patent, strong customer base, brand and strong management.

2. The company has low debt equity ratio. This means the debt is low compared to equity. With low debt, the company can borrow more money to expand their business. Companies with high debt equity ratio are also risky because when business turns bad; their huge debt can cause additional problems. Companies with high debt equity ratio will have to pay more interest for their debts.

3. The company keeps growing each year. Asset and net income should grow every year.

4. Current asset should be higher than current liabilities. If the company needs to pay its current liabilities they can pay it with their current asset.

5. Low price earnings ratio (PE) means the stock price is low enough compared to its earning. Low PE means the stock is cheap, but this does not mean you should immediately buy it. There are two reasons why stock has low PE. First the company performance is not good so not many people buy it, hence it is cheap. The second people do not realize that it is a good company and did not buy the stock. A better use is to combine PE with Earning per Share (EPS) growth to get PEG (Price Earning Growth) ratio. You can get PEG by dividing PE with yearly EPS growth. It is advisable to look for companies with PEG under 1. If the company has PE =10 and EPS is growing 15% yearly, then PEG = 10/15 = 0.66 which is good.

6. Pay attention to the profit. Analyze where it is coming. If it comes from operational profit, then it is good. But if it come from other sources such as asset sale, then you need to consider it again as an investment.

7. The company has high ROE (Return on equity). It is divided by diving net income with equity. High ROE is usually above 15% or 25% which depends on your country. In countries with higher inflation you need to find companies with higher ROE.

8. Calculate stock fair price. If current price is below its fair price then we should buy it.

By knowing fundamental analysis of stock, you can use it to choose stocks for option trading.

Debit card Loans

Monetary discrepancies arising out of financial crunch can be a major obstacle. It is in these circumstances that you fail to tackle unforeseen financial urgencies. Dealing with the crisis requires some sort of external assistance, as it is not quite easy to arrange the funds on your own. When you are left with no other option, then it would seem ideal for you to acquire the provision of debit card loans. Coming to these loans, you will find it rater convenient to acquire quick and immediate funds. The loan amount you are in need of is deposited directly in to your debit card account. With the support of these loans, you can eventually meet your short term needs, that too without having any interference of the lender. These loans are ideal, considering the fact that you are never required to involve any asset that you own as collateral. Applicants having severe credit problems too can source these loans, owing to the no credit check approval. The no credit check approval further speeds up the processing of the loans.

If you are employed and you do have access to a valid bank account, then you can attain the service of these loans. In addition to these, you must be a permanent resident of UK and that your age should be more than 18 years. It is with these loans, which then empower you to acquire funds anywhere in between £100-£1500. The amount borrowed then has to be repaid over a period of 2-4 weeks. But then, if you do make a detailed and proper research, then you will come across lenders offering these loans against appropriate terms. To attain the loans in a competent manner, without facing much of a hassle, then it would seem perfect to make use of the online medium. Online application is devoid of any paperwork and once the verification of the details is complete, the loan amount is ten sanctioned almost immediately. Payday loans debit card make it easy for you to acquire immediate funds, with which you can sort out all your temporary financial needs.

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