A Step by Step Guide to Register for NCFM

For the sole objective to test practical knowledge and other skill sets required to operate the financial market, NCFM came into existence. People possessing the requisite skills and knowledge about finance can deliver quality inter-mediation following a code of conduct for the particular field. Therefore, the National Stock Exchange introduced a system that conducts tests and certifies people to build a career in the financial market, known as NSE's Certification in Financial Market (NCFM).

There are a few steps you are required to follow in order to register and prepare for the NCFM examination. They are mentioned below:

• Registration

You can register online by visiting the official NCFM website and clicking the 'Online Registration' tab in order to enroll. Once you are registered, you will receive a registration number and a User ID along with a password. Therefore, you can make payments and additional edits related to your current residential address, etc. You are required to remember your registration ID because you will have to re-use the same for all forms and modules of enrollments.

• Upload Photograph

All candidates can upload photographs online by accessing the link provided to them by NCFM website. Certain things need to be remembered such as the photo size and a solution to reduce the photo size. A passport size photograph is required for it to be printed on your certificate. Therefore, you are required to look into the size and make additional changes if your photo size is too small or too large.

• Payment

All candidates can make easy payments through the same login ID and the fee once paid is non-refundable. Also, you can make payments by making use of your credit/debit card that will be reflected immediately on the NCFM website. Net banking is equally effective.

• Enrollment

Candidates are required to enroll by visiting the website and clicking on the following link: 'Enrollment / Book your seat'. You will receive a notification through an SMS or your email ID.

You are required to take the test at the designated NSE.IT centre. Make sure you are present at the location at least 30 minutes prior to the time allotted to you along with all your essential documents. Certifications are provided to all successful candidates while the failed candidates receive their score cards.

All You Need to Know About Car Financing

Owing a car, especially in today’s day and age, has become more of a necessity. In a country like India especially, buying one is the second most expensive purchase that most of us would make, second only to our home. In all probability, the price of the car you’re considering will be a tad out of your budget, and realizing this there are a lot of financial establishments who come up with car financing options to enable to you to buy the car. These days you could apply for car finance online and even if you choose to go the traditional offline way, you would only need basic documents like proof of id, address, income, etc.

So what is Car financing? Simply put, it is a form of secured loan where you provide your car as collateral. As far as the actual loan amount is concerned, it is calculated based on factors such as current value of the car, the type of car, value of the car is the second hand market, deprecation rate of the car, etc. Most financial establishments will however, offer up to 100% of the on-road cost or at least 90% of the ex-showroom cost.

Moving on to repayment tenure; car financing companies normally set the repayment tenure between 1 to 5 years. As far as EMIs are concerned; the lower the repayment tenure the higher the EMIs tend to be and vice versa. Now, what if you default on default on a payment? Most establishments will let you to default up to two payments. Any more than that and they can have the right to seize your car. Loan defaults have a direct impact on your credit rating, which then makes it extremely tough for you to apply for a loan in future.

Moving to interest rates; you can choose between a fixed and variable one. Also, considering how popular car financing is, financial establishments have extremely competitive interest rates. You can also negotiate the interest rate and try to bring it down. Typically, if you are a devoted patron of a particular financial establishment, they will lower their interest rates for you.

Now that you have a better understanding about car financing, it is wise to go ahead do through research to see for yourself what car finance option best suits your needs.