Managing loans through difficult times
By Vaibhav Aggarwal
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At certain times in life you need to take difficult decisions. In situations like the present one when there have been lot of job cuts; you need to take these decisions. Financial Planners say that you should be geared up to face such situations. What should you do if you find yourself in a similar situation?

Assess your financial condition

You should assess your financial condition. This includes how much liquid cash you have? What is the amount that you have invested across various asset classes and what returns are they generating?

Do not forget to take into account a possible source of money like the provident fund or the gratuity. You are entitled to a gratuity if you have worked in a company for at least five years.

According to the present rules if the gratuity amount is up to Rs. 3.5 lakh, then it is tax-free. You can get your provident fund money within 2-3 months after leaving the organisation. Once you have analysed your situation, you are set to take decisions.

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Note: All reply should be forwarded only to for immediate attention.
Do you need an urgent loan? (Posted: Dec 4, 2015)
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