How To Save Money On Your Two Wheeler Insurance

Tips to save money on two wheeler insurance

Many people in India own two wheelers. It is compulsory for you to buy a two-wheeler insurance policy if you own a bike or a scooter. But can you reduce the insurance expenses? Sure you can! Just follow these tips and you will see a difference.

Avoid making smaller claims: Before you make a claim, see how much the bill amount is. If it is a small amount, pay it yourself. Making numerous small claims will unnecessarily bring down your NCB to zero which will overall lead to a loss.

Attach anti-theft devices: A car insurance plan offers protection against theft and other dangers to the car. So if the car is found to be safe and less susceptible to thefts and break-ins, the insurer will offer a discount on the premium. Therefore look to install some anti-theft devices to the car to not only keep it safe but also to reduce your insurance costs.

Be a good driver and earn No-claim bonus: Driving carefully will reduce the chances of your car getting into mishaps. This will reduce the need to make claims and you will earn NCB. The NCB will in-turn pull down your insurance premium costs.

Renew two-wheeler insurance before expiry: Do not wait for the two wheeler insurance policy to expire before you renew it. If you have a lapsed policy, you may need to pay some fees and fines to get a new plan. So always try to renew the policy on time to save money.

Buy online: It is known fact that insurance bought online is cheaper. So buy a two wheeler insurance plan online and save a considerable amount of money.

Choose the right kind of cover: If you have a two wheeler that you use occasionally or is almost on its way out, opt for a third party cover. If however your bike is used daily and is a valuable vehicle, go for a comprehensive plan. Knowing which cover you need will help you save money.

Deductibles: Every two wheeler insurance plan has a deductible component. This means that as the policyholder, you will have to pay certain amount at the time of a claim and the insurance provider will pay the rest. A high deductible will lower your premium costs and vice versa. If you are confident of your driving skills and feel you won’t need too many claims, opt for a higher deductible. This will help you save money on your two wheeler insurance plan.

Compare: Last but not the least, you most definitely need to compare the available car insurance plans to get the best deal at the best rate. This is one of the easiest and quickest ways to save money on your bike insurance plan. Compare when you buy a new plan or renew an existing one.

Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

Sip Calculator Magnetizing The Investors Towards Online Investing

Online investing option has reached to a higher level with the introduction of SIP calculator. Making the calculation of SIP amount easy, the tool is handy to use as well. Let us understand the concept of SIP calculator with a story. There were two friends Yash and Rohan. Both had passed out college and were placed in MNCs. With the commencement of their career, they took a resolution of initiating their investment also. Yash was very trendy, and new technologies magnetized him. On the contrary, Rohan was simple and was not much of a techie. As both of them decided to invest, Yash did all the research online and also prompted Rohan to take up the online investment method. But, as for Rohan, it was not his area of expertise. So, Rohan relied on the mutual fund agent, and Yash went for online investing. When it came to deciding the amount to invest as SIP monthly both were confused. Yash took the help of an SIP calculator, and Rohan trusted the agent. But, the outcome was that Yash got the exact amount required for investment and the agent failed to calculate the precise amount and thus took an approx figure. Thus, for the same scheme Yash paid the correct amount that was required and Rohan had to pay a little more due to the inaccuracy of calculations.

The story signifies the importance of SIP calculator in the investing process, because the amount of SIP decides the corpus (the main aim of investing). Especially in the online investing the role of an SIP calculator is of vital importance. The investor advances towards being free in order to make the optimal use of their money. SIP calculator acts as a catalyst in aggravating the process investment through proper channel.

Features of an SIP calculator:-

There are a lot of features which motivates an online investor to use SIP calculator. A few amongst them are stated below:

Easy to use:

SIP calculator is an easy tool to operate on. The user-friendly approach is the striking feature of the tool. Providing an environment of smooth functioning and quick calculations, an SIP calculator in India is making online investments attain new heights with each passing day. The main reason of the increasing inclination towards online investment is the handy tool (SIP calculator), which ease out the complex calculations manifolds.

Using CAGR:

SIP calculator uses the formula of CAGR (Compound Annual Growth Rate) to calculate the returns. CAGR is the most widely accepted concept for the growth calculation of investment over a period extending one year. The calculation of CAGR is very complex and not beyond the grasping power of non-financial people. It is a mind wrecking concept and takes time to understand. But you need not worry. The CAGR calculation is simplified with the help of SIP return calculator. Paving the way for quick and easy calculations, SIP return calculator has become a defining point of online investment.

Targeting accuracy:

The goal of an SIP calculator is to provide results that are 100% accurate. But, it works on the inputs that are fed to it. Any mistake in the input data leads to an erroneous result. Otherwise, the result shows the exact and accurate outcome without the mistake of a decimal place. A perfection of that level is surely a strong feature of SIP return calculator.

Mobile Home Financing Options

For the longest time a manufactured home was known as a “mobile home” and to this day many people refer to them as such. Mobile homes are built in a large manufacturing facility. In this controlled environment the builders are required to build each home to the strict rigorous Housing and Urban Development Code. This code was created by the Federal Government to regulate their design, structure, and safety.

For many families the uncommon affordability of a manufactured home makes ownership a more likely reality if they are unable to enter the market for conventionally built homes. The low entry cost for buying a mnaufactured home has led to a dramatic increase in the growth of the factory made home building industry. It has also allowed many families who otherwise couldn’t afford such a purchase to enter the home buying market.

Mobile homes constitute a good 10% of the American housing market allowing millions of people the opportunity to finance and own their own home. The mobile homes built these days offer high quality construction, great value, and advanced features that home buyers can find in more traditionally built offerings.

While the popularity of factory produced homes has increased more and more home lenders and mortgage brokers have entered the mobile home financing market. This does not mean every bank or broker will finance a manufactured home but if you do your homework it isn’t too hard to find a lender that does. The main thing most lenders are looking for is can the mobile home in question be classified as a piece of real estate. To qualify is usually dependent on what type of foundation and substructure the home has.

The one thing you will notice if you find a local lender or mortgage broker to finance a mobile is that there are many similarities and a few differences to financing a stick-built home. In many cases financing a mobile home on a piece of land will require a minimum down payment of 5 percent of the purchase price. The re-payment terms will also finance the balance of the loan over either a 20 or 30 year period.

For a mobile or manufactured home located in a mobile home park or on rented land a chattel mortgage might be the way to go. This type of loan does not take into account what the land is worth that the home will be sitting on. It only finances the home itself, leaving the owner the option of moving the home if and when they want.

Another option for mobile home buyers is getting their new home financed through the manufacturer. In many cases the manufacturer can offer loan financing terms that are competitive with mainstream lenders. They can also bundle the cost of moving the home from the manufacturing facility to the homeowner’s lot into the loan.

If you already own a mobile or manufactured home you also have the option of refinancing your current mortgage, much like those with a more conventional mortgage. With today’s low rates this may be something to consider if you want a lower monthly payment. You can also use this type of loan to extract extra money from any equity that may be built up in your home. This money can be used to pay off other debts, make home improvements, or anything else you may need.

Even though mobile home financing tends to be a little different from mortgages for traditionally built homes there are a number of options that you can choose from. While many lenders offer different manufactured home loan options it can be a harder to secure financing for a mobile home. This does not mean you shouldn’t try because chances are good that you will find a lender willing to make your home ownership dream a reality.

What Are The Alternative Financing Channels For SMEs? (Amended Version)

The Singapore’s Government has for a long time been trying to cultivate a spirit of entrepreneurship among Singaporeans. But it recognises the difficulties SMEs may face in securing financial aid from banks; hence it has come up with a host of schemes to assist SMEs.

Government Assistance Schemes

There exists a number of loan and insurance schemes co-funded by the Government [specifically, IE (International Enterprise) Singapore and Spring Singapore] and administrated by participating financial institutions. For more information visit the EnterpriseOne website.

But here, we present you the gist of these schemes.

Spring Singapore

Micro Loan Programme (MLP)

Singapore-registered firm and at least 30% local shareholdings and maximum sale turnover is $1 million OR 0 – 10 employees
Further maximum group turnover is $100 million OR 0 – 200 employees
Maximum loan of $100,000
May be used for daily operations or automating and upgrading factory and equipment
Minimum interest of 5.50 % p.a. for loan tenure <=4 years

Local Enterprise Finance Scheme (LEFS)

At least 30% local shareholdings and maximum group sale turnover is $100 million OR 0 - 200 employees
Maximum loan of $15 million
Factory Loan
Machinery Term Loan / Machinery Hire Purchase
Min interest of 4.25% p.a. for loan tenure <=4 years and min interest of 4.75% p.a. for loan tenure >4 years

Loan Insurance Scheme (LIS) and Loan Insurance Scheme Plus (LIS+)

For both local and overseas facilities
LIS insures your loan against default risks. Insurance premiums co-shared between the government and your firm
For domestic trade: at least 30% local shareholdings and maximum group sale turnover is $100 million OR 0 – 200 employees
For overseas trade: Singapore-based, at least 3 strategic business functions in Singapore and maximum group turnover is $500 million ($300 million) for trading (non-trading) company.
For LIS, 50% of premium is payable
For LIS +, 1.5% p.a. of premium is payable

IE (International Enterprise) Singapore

Internationalisation Finance (IF) Scheme

Company’s size: for trading (non-trading) company’s maximum group turnover is $500 million ($300 million)
Maximum loan of $15 million
Asset-based financing: up to 90% loan quantum. Maximum loan duration of up to 15 years (Land/Factories/Buildings) and 6 years (Other fixed assets)
For raising working capital for secured overseas projects/confirmed overseas sales orders
Structured loan: loan duration and quantum up to 3 years and 90% respectively
Banker’s guarantee: loan duration and quantum up to 5 years and 100% respectively

Trade Credit Insurance Scheme (TCIS)

Singapore-based exporter
LIS insures your goods against non-payment from buyers. Insurance premiums co-shared between the government and your firm
Singapore-based, at least 3 strategic business functions in Singapore, maximum group turnover is $100 million, at least $50,000 paid-up capital, annual total business spending of at least S$250,000 over the past three years and at least three managerial staff who are Singapore citizens or PRs
50% co-sharing of insurance premiums between the Government (with a cap of $100,000) and your firm

Alternative Avenues

Still short of funding after applying for all the eligible loans? Try getting funding from business angels or venture capitalists through Dealflow Connection.

Does Social Media Help In Getting An Auto Loan?

We live in a world dominated by technology and social media. Whether they are your shared posts, status or your connections, social media platforms play a key role in carving your virtual personality. A well-known fact is that technology is an inevitable yet an integral part of our lives. When it comes to financing your car, social media is building its way and becoming a relevant medium of profiling. For instance, John walked into a dealership to purchase and obtain financing for a car. The quickest and easiest way to search for a tentative background of John would be to get a grasp of his personality on the basis of his behavior on Facebook and Twitter account, respectively. Currently, a small percentage of lenders use social media for judging an individual’s creditworthiness. However, the developing presence of social media is gaining mind share of the lenders.

Can Social Media help in ascertaining the Creditworthiness of an individual?

1) Facebook can build your Credit Circle

The very essence of Facebook lies in networking. A creditworthy profile does not require millions of posts or many friends. However, if you have a genuine profile and do not pose any abnormal social behavior, your profile is likely to get approved for an auto loan. Additionally, the presence of certain contacts in your friend list with a clean history and a strong credit score further add to your creditworthiness. Lenders can look for mutual contacts that have been previous customers. The payment history of the mutual contact can then be used as a basis to judge your creditworthiness. In order to get the most out of your circle, seek a person with a good credit score and make him a cosigner and your auto loan process will become smooth.

2) With LinkedIn, lenders can check your Employment Stability

A stable employment speaks volumes about your personality and trustworthiness. LinkedIn can serve as the best source of obtaining information regarding your job history, duration, professional position and interests. The documentation of an auto loan requires you to display evidence of a source of income through pay stubs. However, there is less proof one can gather regarding the stability of employment. Social media can become a tool to ascertain not only if there is job-hopping, but also the financial strength of the individual. A person with a 500+ connections, long duration of employment history and a considerable profile activity can become a favorable applicant in the eyes of the lender.

Buying a Car: Making the Most of your Social Media Profile

Social media has made its way into the minds of auto buyers as well as lenders. As primary sources of guides, nothing comes above your credit score, current income status and payment history. However, virtual platforms such as Facebook and LinkedIn are starting to occupy mind share in terms of creditworthiness. Once the primary sources of information seem insufficient, lenders may turn to social media to get an idea of your personality. A few helpful ways to make sure your social media positively adds to your credit score is to be careful with your online posts, invite only genuine friends into your virtual circle and to always keep your professional profiles updated.

The Benefits Of Trading The Commodity Market

Like trading in the Stock market, trading in the commodity market is also very interesting. While one trades on the basis of Stock Cash Tips in the stock market, the trader can trade on the basis of commodity tips in the commodity market. ProfitAim Research is one such advisory firm, which provide both the best Stock Cash tips as well as commodity tips to the traders.
Commodity market seems to be a lucrative avenue to a lot of traders and Investors. In the Commodity market various commodities are traded and one can take benefit of the price fluctuations to trade effectively in the commodity market. Various commodities are listed on the Commodity exchange and the relative prices of various commodities are traded on the exchange. There are various benefits of the Commodity trading like a trader can make huge profits by trying to forecast the Commodity signals. The most important part of the Commodity trading is to anticipate the Commodity trading signals.
Scalping: Intraday Trading Strategy For Commodity Market
One of the important benefits of the Commodity market is that the trader can form a strategy and trade on the basis of it. The Intraday strategies like First hour strategy or scalping techniques can be followed to earn good profits from the trades. Scalping is a technique to look at the price range during the first hour of trade and then look for a breakout from this range. Thus, if the prices break from the high it’s a buy call and a rise in the prices is anticipated. On the other hand, if a breakout from the lower limit of range is observed a down trend is anticipated. Thus, scalping is an important strategy in achieving good profits from the Commodity markets.
Also, there are other strategies available like trading for small profits. In this case small changes in the Commodity signals are generally traded for the profits. Also, a large number of trades are executed to add up to large profits, this will be applicable in Stock cash tips as well. The Commodity trading signals are unassuming but still with a proper plan and a proper strategy good profits can be made through Commodity markets. The trader can also base their trade based on the advice from the advisory firms who provide free Commodity signals initially and then charge a nominal amount for their services. Thus, the Commodity trading is beneficial if done with proper planning and strategy.
Trading based on the Charts
Trading in the stock or commodity market is an art difficult to master. People use various methods and strategies to trade in the stock markets. Trading based on the charts is one of the ways out of them. Various types of charts exist like Candle Stick charts and line charts. These charts can be plotted with varying time scale. The price movement depicted by chart can be an important way of forecasting future prices.
Thus, one can trade on the basis of charts and by applying suitable indicators of the technical analysis, one can anticipate the price movement. Trading on the basis of intraday Stock Cash Tips is the other way of trading.

Starting and Growing Business With CNC Roll Forming Machine Financing and Leasing

The discovery of metal has been one the most decisive changes in the human history. Since that time, man has had the power to create powerful tools, structures and machines that would forever change the face of the earth. The tools for forming and manipulating metal have also advanced over the ages.

The modern society now depends on metal for everyday life, be it in the form of automobiles or the kitchen knife, metal is everywhere. This has made metal so important that the work of metal forming is also becoming quite popular.

Of the various types of metal forming, Roll forming is one very useful method. Do note here that the single word ‘rollform’ has the same meaning as the two separate words ‘roll form’. So these two words are used interchangeably. Here’s some more info:

o Roll forming is a common and useful method for forming objects from sheet metal.

o Roll forming is a very precise process and a special type of machine is used to roll form metal.

o These roll forming machines have several rolls that are placed one after another and they are divided into sets called ‘stands’.

o Each stand bends the metal only a little. So the metal can be passed multiple stands to reach the desired curvature.

o Roll forming is ideal for making parts, which are very long.

o Roll forming machines bend the metal into predetermined shapes. The shape would be a desired cross-section profile, meaning it will look like it was cut out from a complete shape like a cylinder for example. The cross-section profile is simply what the required end result of the bending is.

o Every shape needs its own unique set of rollers. That means that one roll forming machine can only make one shape.

Even though it might sound like it is not a very useful machine, you have to keep in mind that these machines are meant for industrial use. And factories need to make the same thing over and over again, in huge numbers. Like an automobile factory or aluminum can making facility.

So these places would not need to change the type of bend once the machine is installed. Each roller is carefully crafted for helping to form a specific shape and industries get their rollers customized before the machine is installed.

The CNC Roll forming machine has the advantage of automating the entire process, giving you a smooth bending process without breaking the metal.

Avoiding breakage is a major concern for many factories and the CNC roll forming machine delivers stellar results in this regard. So it is a necessary piece of equipment but it often costs quite high. But life can be made easier by availing CNC roll forming machine financing. It is for those businesses, which require the machine urgently but are unable to make such a large investment in one go. Of course, it is easy to understand because most start ups would be running short of capital.

You can avoid the hefty down payments and take some time to pay the full amount. Contact a company that is experienced in manufacturing equipment leasing for CNC roll forming machine financing.

Judge Some Facts Before Exchanging The Money

When you will go traveling, then you have to take the things, which you will need in that place. It is necessary because you will not get the facilities of your home there and you have to be prepared for every situation. But when the matter comes to the visiting of a foreign country, then apart from our excitement we have to think about the thing first is the money. As all of us know that there is variety in the currency of different place. So, we must take the proper currency of that place as we cannot do anything without it. There are some methods, by which you can exchange the money, like the banks, the ATMs or from some brokers.
The banks are the most reliable medium for exchanging the money. You can be assured by the fact that you will get the service authentically. They will systematically exchange the currency and you don’t have to think about it. You can also convert it from the banks of that place also. You will get the same reliable service. But as you are going to a public sector, then it will take some time and you have to wait for it. So, if you don’t have the time to wait there, then you will face difficulty by exchanging through the banks. The banks also charge high rates for converting the money, then it can be expensive for you.
You can take the money from the ATMs also. It is the most convenient medium for getting your cash, as you yourself will draw the money and you don’t have to depend on someone for this. So, you can take the money whenever you needed and it is the fastest service. But there I also the problem, as the ATMs charge a very high price for drawing the money. It will become more expensive for you as you have to pay more than the normal transaction. If you think that you will get the money at a time, then also it will not be safe for you to carry so much money to an unknown place. But with every transaction, you have to pay the charge.
When you will try to go some brokers for Cash Exchange, then it becomes easy for you as you can get the money by sitting at your home. You can do it by online and the agent will come to your home and will take the money from you and will also return it within the given time. It can be a suitable option for you as you don’t have to do anything for the exchanging the cash. But there also can be a problem as the matter is about your money, then you have to be a little careful and have to know about the broker and the agent, who will be the medium of transaction. If they are not reliable enough, then your money will not be safe enough. There is also the matter of the false currency as it has happened in the services like Australian Currency Exchange. So, be careful about every facet of exchanging your money so that you don’t have to waste your money in the wrong place.

Top Five Intra Day Trading Tips To Become A Better Trader

In words of Warren Buffet The stock market is a device for transferring money from the impatient to the patient. Let’s read between lines. The investor or trader who is impatient (frequent buy/sell strategy) transfers money to the patient (holding strategy).

Find below herewith five tips which should be followed by a day trader:

Take advice of professional trader

Before one starts day trading it is better to take advice from experienced and expert day trader trainer. Every trainer will have different teaching method and style. See for one who has good teaching method. He should also suit your trading style. They may be ready to teach in their free time. He may charge the fee. As he is spending his free time with you. But it is worth. You can assume that paid fee as an investment, which you need to get knowledge. They are the best share tip providers when you trade.

In future when you grow big, many newbies’s will come to get knowledge from you. At that time you can charge them likewise.

Gather information from financial news

One has to gather news from across the globe. Segregate relevant news, which affects your business. Analyze and set priority which news will most affect your business. Stay updated on news like meetings, change in government policies and rules. Local, national and international news should be followed.

M&A, financial results, entry/exit of members of BOD, etc. These types of related news of the company one have shares in, make sense.

Though the news does not impact a common man but may have an impact on your investment in the concerned company. This news helps to take a smarter decision, especially while trading shares. Through nifty future tips also one can gather information.

Treat trading as any other business

Take day-trading as any other business. It is not a hobby, but a serious business. It is not for fun that one is in day trading. Like any business, it needs devotion and dedication. Trading is a part. One has to devote a lot of time preparing a plan. Study different charts before coming to any conclusion. Follow news on TV, read business magazines, study reports etc. It is a full day activity.

Keep eye on professionals

One should study professionals. What they are buying, when they are selling. For how much time do they hold the script? Since they have experienced one can learn a lot by keeping eyes and ears open and mouth shut. If one makes mistakes, then analysis the mistake. What went wrong and where? You can find them in many share market advisory companies.

Patience

It needs time, energy and devotion to master the skills. As the old saying goes Rome was not built in a day It was destroyed and then rebuild. This process was repeated many times over. Even if one makes loss he has to get up again for a fight.

Traders do not profit all the time. Many a time they incur losses. So one has to be prepared for losses and have patience during the time of loss. Commodity tips are also helpful to know the market trends.

Today’s successful traders were also novice once in a while. They got success by their hard and smart work. They had put in their efforts, made mistakes, but kept up their learning process.