The Signal: Celebrate Independence From EMIs

India gears up to celebrate its well-fought for 74th Independence Day today. This time, in ironical fashion, as India celebrates its freedom from colonialism, it is simultaneously at battle, weaving the path of freedom (read as: unlocking economy) from the viral virus.

Today, as was yesterday, and as will be tomorrow; the commonality between rich and poor, between differing risk-return profiles, and across castes, creed, and religions, is/was/ & will be “LOANS”! The only bond stronger than loans, is all of humanity’s desire to rid themselves of these loans at the earliest possible times. 

The potency of loans has never been so bold as was in the last few months when the country went into lockdown. Amongst all panic that set-in, one that was on top of everyone’s list was their ability to pay loans, and the dent it was going to make in their savings. In a country where daily wages were key to survival, putting a halt to all activity was certainly detrimental to not only living but also surviving!

The constant dependency on a stream of regular income with no room for interruption, is top contender for financial sin. The lockdown revealed the true imagery of the citizens – A blank canvas with the phrase, ‘DROWNING IN DEBT” painted in Red, signifying their bleeding pockets, and their degree of dependency on their income and their ability to pay loans. 

In fact, the loan situation was so gruesome, that, of the many policies announced via relief packages, one that disguised as an umbrella, courtesy of it having implications, on retail investors and domestic institutions alike was the “Loan Moratorium”. 

It is evidently clear, that currently, we are a country where daily wages is not only key to living but also survival. This startling thesis is the key principle driving this piece.
As your trusted and chosen financial caretaker, we highlight how you can tackle your loans in a smart and efficient manner!

It is in times like these where inactions of the past creep up as regrets of today. Let this be a lesson about the perils of overhanging loans and a key step you can take to combat and crunch all loans in near and far future!
While loans can’t disappear overnight, their longevity can be reduced! “How?” you ask! “SIP” is I say.
The mathematical illustrations shown below highlight SIP’s prowess to reduce a loan life.

As we have seen, it is investments, which can help you tackle and curb your loan problems. Particularly SIPs, an every-man, time-agnostic, investment tool designed to help tomorrow you live your dreams, rather than worry about your next loan payments.

The graph below highlights how SIP can help compound wealth over time, irrespective of when you invest and tackle loans right from the get-go!

The next time you pay your EMI, you can do so with a smile, as while you work an 8-hour day, SIP works the other 16! Via SIPs, lay the foundations today, stone by stone, so you can use your wealth to visit the Taj Mahal and not settle for its replica, courtesy, the never-ending loans!

We are waiting, eager and excited, to hear your success stories about your own personal 1947 moment!