5 benefits of taking a personal loan

In my earlier posts I have often argued that personal loan is one of the worst form of loans, and I stand by it. And maybe, this subject line may seem to be a click bait!

Yet there are few benefits (relatively speaking!) of taking a persona loan vis a vis the other alternatives available at that point of time.

Here are a few of them:

It can help you tide over unforeseen emergency. (e.g medical, or sudden unplanned expense for child's education).
It may, at times be, less worse option than taking a credit card debt, or maybe even a consumer loan (depending upon the rate of interest offers)
If you analyse your personal loans and realize that you have been losing lot of money, you may be tempted to take corrective actions and this can do wonders for you in long run!
It may help you build a credit history. Not sure, if taking personal loan is worth it, though.
And if instant gratification at the cost of potentially paying more for it (and jeopardizing financial planning a bit) is something you aspire for, personal loans may be good.

So, not all's that bad with personal loan. If we try to look at it more closely there may be few benefits. But will I recommended taking it is not a rocket science to fathom!

Comments

Snaps from The Himalayas

Some glimpses of one of the best landscapes in the country. Why long for Alps when our own old, enigmatic yet beautiful Himalayas provide such magnificent and picturesque sceneries!! Have a look. Enjoy. Location - Garhwal Region, Himalayas which lie in the state of Uttrakhand.

Somewhere @ Nowhere - The Book

FINALLY .... After a tryst with so-called-creativity, I have come up with a book - Somewhere @ Nowhere. You can have a sneak peek at the story & a few pages from the publisher's website and order the same & get it home delivered anywhere in India/ Abroad. Details as mentioned below- - Preview and get the book home delivered from HERE Also, you can join the following groups - - Orkut Community - Facebook Page Hope you like the work. Would appreciate a feedback. Till then ... Happy Reading!!! And yeah, please spread the word (relying on word of mouth & word of blog publicity) :-) ___ Update (18/02/2010) - Thanks for the initial response to the book :) Update2 (25/ 02/ 2010) - Thanks for the feedbacks on the book those who have read it. (hope to get a feedback by others soon). Encourages me to overcome inertia and write more! Meanwhile, those who ask for why is it currently not available in traditional retail outlets - well, I hope it wil...

An area of darkness ?

The title of this post finds its origins in a novel with simlar name written by VS Naipaul. Set in India, some 40 years ago or so, this is a kind of travelogue of author's brief stay in India where he found it to be full of superstitions, ignorance and darkness! Many decades and many MNCs and malls later, few parts of India seemed to have chucked off that tag, but there are many places that haven't and continue to remain shrouded in ignorance. Move few hours away from a city, travel in a second class train compartment or a dilapidated state transport bus and you get to see the dark underbelly of India Shining. As one of the characters in the movie Rang De Basanti says "Yahan zinda rehne ki jung mein logo ki zindagiyan nikal jaati hai" . So true it seems! My day today was spent being kind of lost in similar thoughts. To start with, I when I boarded the ST bus, a woman was wailing. She may be in her 20s or something, but she was crying in some peculiar musical tone. At...

civilized society ?

An organized communal riots, gaining the proportions of a pogrom ... but the popularity of the person in command (Mr. M) increased and he got a landslide victory in elections! 5 years later - Mr M walks away (rather runs ...!) from a popular TV show when quizzed about his role in that pogrom. A (somewhat questionable!) TV sting showing Mr M's role in that riots Mr M banning TV channels which are about to telecast that! and Mr M and his aides refusing to come out clean ... Still he continues to be at the helm of affairs. He ruled the roost for a long time despite his highly questionable conduct (... without giving any defense, but rather perpetrating hatred which makes us believe more in his role!) Still, he rules the roost (at least as on Friday 26th October, 2007) ... rather he is allowed to ... Without taking any sides, I am just tempted to ask are we living in a civilized society, where we are driven more by hatred than anything else? If yes, what kind of civilized society is...

Classifying people

One of the important tools used by marketers for identifying potential market is market segmentation, in which subgroup of people or organizations sharing one or more characteristics are grouped together. Using similar concept, people can be segmented based upon their basic philosophy or their basic approach towards life. It might be extremely difficult, as not all may express their beliefs openly. Maybe few sort of weird approaches mentioned below might help. One such method can be segmenting on basis of their movie or book preferences. For example a person whose favorite book is The Fountainhead or 1984 is likely to be different from a person whose favorite books include Sidney Sheldon and likes. Or a person who likes reading The Catcher in the Rye over and over again might be different from the one who prefers Eric Segal instead! Similarly a person whose favorite movies includes likes of Jaane bhi do Yaaron or Rang de Basanti would be different from a person relishing Suraj Bar...

Random Ramblings

Search This Blog