Author: Anthony M. Smith

mg_89609_zarget_founders_280x210.jpgZarget, an Indian startup that helps business customers get more out of their online marketing spending and website traffic, has raised $6 million in funding, the company said in a press release on Thursday. The investment is led by marquee Silicon Valley venture capital firm Sequoia Capital, and existing investors Matrix Partners, which backs startups from seed to growth stage. Accel Partners has also invested in the round. Zarget will use the money to develop its technology further and add customers.

The investment reflects investors’ preference for startups solving important problems for business customers—versus consumer-oriented products, which are yet to mature in India’s nascent startup scene. Chennai’s Freshdesk, which makes internet-based customer management software, recently raised an additional $55 million—also from investors, including Sequoia and Accel.

“Zarget has an exceptionally talented team of product engineers who’ve spent the past 10 years developing customer relationship management business automation software that’s already in use by leading enterprises today,” Shailesh Lakhani, managing director at Sequoia India, said in the press release. “We’re excited to back a team with such proven capabilities and believe their marketing platform will become an essential fixture within the SMB marketplace for many years to come.”

Venture investment in India rebounded in the three months ended September 30, 2016, versus the previous quarter, but “investment dollars are still more than 75 percent below the peak experienced in the third quarter of the calendar year 2015,” research firm CB Insights and consultancy KPMG said in their latest report on global VC investment trends, released in October. “Investors have focussed on companies with clear business models and greater profitability potential,” CB Insights and KPMG say in the report.

“Today, marketers are swamped with several fragmented optimization solutions with poor integration capabilities,” Tarun Davda, managing director at Matrix India, said in the release. Zarget’s platform “provides small-and-medium businesses a comprehensive and affordable way to scale conversions with a superior customer experience… we’ve been very impressed by the traction they’ve gathered so far.”

 

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Panaji: More than a month after the alleged hacking of some government websites by hackers from Pakistan in retaliation to surgical strikes by India, the National Green Tribunal (NGT) website continues to be in a state of paralysis, causing inconvenience to litigants and others.
The site could not be accessed for several days, sources said. After a few days, the homepage page could be retrieved.
Now, more than a fortnight later, litigants, respondents, and lawyers find it difficult to access various links providing information on daily orders, judgments and archive details.
“We would get to know the date of the next hearing if it was changed, details about orders passed and guidelines to make amendments to applications,” social activist Kashinath Shetye said.
He, however, clarified that while the orders of the principle bench could be accessed online, archives of previous orders and judgments of the Pune branch couldn’t be retrieved.
“No information on the zonal branch of Pune can be accessed, barring the daily cause list. Not getting access to daily orders is a big handicap,” Shetye added.
Besides litigants who face problem in deciding their future course of action, the media is also handicapped due to lack of information, sources said.
A sizeable number of applications before the Pune branch are filed by activists from Goa. “There was a demand to shift the branch to Goa as many applications were being received from the state,” a source said.

 

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WordPress creator Matt Mullenweg has taken exception to the editor used in Wix’s mobile app, alleging that the do-it-yourself web building service has copied his platform’s editor and failed to give proper attribution and adhere to the general public license (GPL) — basically, to open source the work.Wordpress CEO Matt Mullenweg.

“If I were being honest, I’d say that Wix copied WordPress without attribution, credit, or following the license. The custom icons, the class names, even the bugs. You can see the forked repositories on GitHub complete with original commits from Alex and Maxime, two developers on Automattic’s mobile team,” he wrote in a blog post. “Wix has always borrowed liberally from WordPress — including their company name, which used to be Express Ltd. — but this blatant rip-off and code theft is beyond anything I’ve seen before from a competitor.”

At the center of this controversy is the Wix app that was released earlier this month and allows Wix’s customers to manage their websites while on the go in real time. It comes with features such as the ability to have live chat, manage your e-commerce store, the blog on the go, manage hotel bookings, and receive updates on your business operations. The company is in a similar space as WordPress, enabling users to quickly get a website up and running while keeping the content fresh — all without needing to hire a developer.

The issues may not be apparent without digging deeper into the code, but Mullenweg is bothered by the overall transaction. He says it’s not that he minds anyone borrowing the work for themselves, but that it’s important to abide by both the letter and the spirit of the GPL — essentially to pay it forward. It’s through this principle that WordPress’ creator says the platform has been able to flourish. WordPress now powers 25 percent of the web, including VentureBeat, which it has for more than a decade.

Mullenweg puts it this way: “If you want to close the door on innovation, Wix, that’s your decision to make — just write your own code. If you’re going to join the open source community, play by the open source rules.”

He said that Wix can make things right by open sourcing its app under the GPL and have the source code on GitHub so everyone can take advantage of the contributions.

We’ve reached out to Wix for comment and will update if we hear back.

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Almost 1,500 people were arrested last year under Section 377, India’s colonial-era anti-gay law, the Times of India and Equal Eyes reported.
It was unclear how many of those arrested, if any, were involved in consensual same-sex relations.
The figure was more than double the figure in an earlier report on the number of arrests under Section 377 during the previous year.
The Times article, however, cited a more modest increase: From 1,148 cases in 2014 to 1,347 cases in 2015 involving 1,491 arrests.
Some observers believe that the vast majority of arrests under India’s Section 377 have been for sexual assault of minors, especially boys. Before the passage of the Protection of Children from Sexual Offenses Act in 2012, Section 377 provided a convenient tool for prosecuting cases of sexual assault on boys.

Equal Eyes stated:

India: Hundreds arrested last year under colonial-era anti-gay law

Les manifestants cherchent abrogation de l'article 377. (Photo du TheStar.com)
Close to 14% of those arrested in 2015 under Section 377 of the Indian Penal Code for unnatural offenses were minors. The figures were revealed in the latest report brought out by [India’s] National Crime Records Bureau (NCRB). Police in different states and Union Territories arrested 1,491 people under Section 377, including 207 minors and 16 women, in 2015.
Section 377 says, “Whoever voluntarily has carnal intercourse against the order of nature with any man, woman or animal, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.” While the offense is punishable with life imprisonment, minors come under the special juvenile law which says that if convicted, they can be put in a shelter home for three years. The recent amendment to the Juvenile Justice Act, though, allows children aged between 16 and 18 years in conflict with law to be tried as adults in cases of heinous offenses.
A curative petition seeking the decriminalization of Section 377 for consenting adults is pending before the Supreme Court. A lawyer who is part of the case stressed that the decriminalization plea does not apply in cases where the victims are children or non-consensual offenses. “The case in the Supreme Court specifically seeks a reading down of the provision so that in cases where both the parties are consenting adults, Section 377 is not used as a tool to harass, torture or criminalize them,” said the lawyer, adding, “The government has also made a strong law, Protection of Children from Sexual Offences Act, which covers all cases of sexual abuse of children.”

 

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DOJThe U.S. Department of Justice (DOJ) has unsealed an indictment charging 61 individuals and entities for their alleged involvement in an Indian call center scam that victimized tens of thousands of people in the United States resulting in the loss of hundreds of millions of dollars, according to a DOJ press release.
The DOJ – the primary federal criminal investigation and enforcement agency – arrested 20 individuals in the United States and charged 32 individuals and five call centers in India for their alleged involvement in the scam. An additional U.S.-based defendant is currently in the custody of immigration authorities.
The DOJ indictment alleges the defendants were involved in a sophisticated scheme organized in India that included a network of call centers in Ahmedabad and charges them with conspiracy to commit identity theft, false personation of an officer of the United States, wire fraud, and money laundering.
Using information obtained from data brokers and other sources, the DOJ indictment claims the call center operators allegedly called potential victims while impersonating officials from the Internal Revenue Service (IRS) or U.S. Citizenship and Immigration Services (USCIS).
According to the DOJ indictment, call center operators threatened potential victims with arrest, prison, fines, or deportation if they did not pay taxes or penalties to the government. If the victims agreed to pay, the call centers turned to a network of U.S.-based co-conspirators to liquidate and launder extorted funds.
The defendants allegedly used prepaid debit cards often registered using personal identifying information (PII) of thousands of identity theft victims and wire transfers directed by the criminal associates using fake names and fraudulent identifications to launder extorted funds, according to the DOJ indictment.
The co-conspirators allegedly used “hawalas” – where money is transferred internationally outside of the formal banking system – to direct the extorted funds to accounts belonging to U.S. individuals. These individuals were expecting the hawala transfers but were not aware of the illicit nature of the funds.
The indictment also alleges that the defendants extorted $12,300 from an 85-year-old victim in San Diego, California, and $136,000 from another victim in Hayward, California, while fraudulently pretending to be IRS agents and demanding payment for fictitious tax violations.
“This is a transnational problem, and demonstrates that modern criminals target Americans both from inside our borders and from abroad,” Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division said about the India call center scam in the DOJ press release.
A special DOJ website has been established to provide information about the case to identified victims, potential victims, and the public. Anyone who may be a victim of fraud or identity theft related to this investigation or other scam phone calls may contact the Federal Trade Commission (FTC) at this website.
The complete DOJ press release ‘Dozens of Individuals Indicted in Multimillion-Dollar Indian Call Center Scam Targeting U.S. Victims’ is available online at www.justice.gov/opa/pr/dozens-individuals-indicted-multimillion-dollar-indian-call-center-scam-targeting-us-victims.
NOTE: An indictment is merely an allegation and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
DOJ CASE SHOWS DANGERS OF OFFSHORING PII OUTSIDE OF U.S.
OffshoringWhitepaperGraphicEmployment Screening Resources® (ESR) – a leading global background check firm – offers a complimentary whitepaper by ESR founder and CEO Attorney Lester Rosen entitled “The Dangers of Offshoring Personally Identifiable Information (PII) Outside of United States.”
The whitepaper – which reveals problems associated with the sending personal information of consumers used in background checks outside of the country for processing and beyond the reach of U.S. privacy and identity theft laws – is at www.esrcheck.com/Whitepapers/Dangers-of-Offshoring-PII/.
NOTE: Employment Screening Resources® (ESR) does not provide or offer legal services or legal advice of any kind or nature. Any information on this website is for educational purposes only.
© 2016 Employment Screening Resources® (ESR) – Making copies or using any part of the ESR News Blog or ESR website for any purpose other than your own personal use is prohibited unless written authorization is first obtained from ESR.

 

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New Delhi: The news of Sussanne Khan and Hrithik Roshan’s separation shocked whole Bollywood Industry but now it seems the actor has buried his past and ready to move on.Has Hrithik found love in this Bollywood actress?

Rumour mills are abuzz with the speculation that Bollywood superstar Hrithik Roshan has found love once again. Wondering, who’s the lucky girl?

Well, if reports are to be believed, the actor has found solace in Bollywood actress Neha Dhupia.

Leading entertainment portal Zoom quoted a reliable source saying, “Hrithik Roshan and Neha Dhupia recently went to perform at a marriage out of Mumbai and the two after their performance were spotted spending some quality time together.”

Neha Dhupia is currently hosting a show titled #NoFilterNeha which has become a hit amongst the fans.

However, nothing has been confirmed as neither Neha nor Hrithik has commented on the issue yet.

Recently, Hrithik and Kangana had been at loggerheads since the ‘Queen’ star purportedly referred to the actor as the ‘silly ex’ in an interview.

Hrithik, who was the first to send the legal notice to Kangana, has demanded that she apologize publicly and clear the air about their alleged affair which he firmly refutes.

 

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title=Award-winning singer and music composer Papon, who became a member of Saavn’s Artist-in-Residence (AiR) programme this month, said that Indian music has gone beyond classical and Bollywood.
Talking about the constant changing scenario in the world of music, the singer said: “Indian music is changing and people have a new idea of India through the music that is coming out of the country. Globalization has made people more aware, more accepting of new trends. Indian music is no longer just classical or Bollywood.”
Talking about choosing Papon as the singer of this month Vice President of Entertainment and Original Content at Saavn, Gaurav Wadhwa said, “Papon is an icon in the Indian music scene. We trust that his unique ability to transcend traditional music genres will resonate with our fanbase and continue the AiR legacy.”
Supporting the Saavn initiative, Papon said, “The idea is to come together and work on interesting projects and make them possible. I fully support their idea of enabling artists translate ideas into music and helping it reach an audience worldwide. This association has also come at an important time for me as I am ready to release some new music.”
Papon, who has sung some super hit Bollywood songs like, Moh Moh Ke Dhage, Kyun, Jiyein Kyun, Bulleya and is the founder of his folk-fusion band The East India Company, believes that it is equally challenging to be an established singer, whether in Bollywood or independent music.
“Both are challenging for different reasons. When you’re an Indie musician and wish to make your music, you put it out for people to discover. Bollywood doesn’t allow you that freedom. You have to work hard to get noticed and get work.”
Saavn already featured two very distinct singers of the country on their Artist-in-Residence (AiR) program – EDM artist Nucleya and Raghu Dixit – earlier and this is the third programme they are hosting.

 

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world is a vast cauldron of violence, where insatiable lust for power, supremacy, and brutality exist. It is the world where trust and betrayal exist simultaneously, with power flowing from the barrel of a gun. It is the world where the crude human nature exists in virgin form.
The extravagant fictionalization of an underworld, their actors and actions have been portrayed in mainstream Hindi cinema from the time immemorial. Shakti Samanta’s China Town was an apt portrayal of the underworld in the 1950s. For the last four and a half decades (from 1970s onwards) this hidden, invisible world of smuggling, dacoity, burglary, horror, bloodbath and terror associated with it have been exposed to us in the form of entertainment by means of Hindi films such as Deewar, Don, Amar Akbar and Anthony, Don, Shakti, Hum, Vastaav, Satya, Gangster, Once Upon a time in Mumbai, Sarkar, Ek Villain etc etc.
The audience is thrilled viewing such films in the cloister of theater halls. Noted journalist Hussain S. Zaidi has immortalized underworld in Mumbai through his well-researched books such as Byculla to Bangkok, My name is Abu Salem, Dongri to Dubai: Six Decades of Mumbai Mafia, Mafia Queens of Mumbai, Black Friday, Mumbai Avengers, Headley and I.
In Bengal too, the underworld, both colonial and post-colonial have been researched. Suranjan Das and Jayanta Kumar Ray’s book The Goondas: Towards a Reconstruction of the Calcutta Underworld, Sumanta Banerjee’s book The Wicked City: Crime and Punishment in Colonial Bengal, are seminal works on the underworld in Kolkata.
Basudeb Chatterjee’s work covering police in Bengal also have facts and information on the underworld. Debraj Bhattacharyya’s article Kolkata Underworld in the Early 20th Century, published in Economic and Political Weekly in 2004 is a well-researched article and worth reading. Kudos to Srijit Mukherji for making an endeavor to unveil this ‘invisible’ world through his latest directorial venture Zulfiqar. The teaser released on social media, mentions that in the land of bridges; Rabindranath Tagore, there exists another land where illegal activities and parallel economy reigns.
In the City of Joy, crime syndicate operates in full swing. The film has in the background the port area comprising of majority Muslim population and a considerable section of the Hindu population. It has dominant Muslim gang members with a Hindu Villain and their turf war for supremacy. Along with land-grabbing, extortion, smuggling, drugs, prostitution, the director has included the jihadi-terrorist aspect too. Such a context, especially when India and Pakistan are on the brink of an undeclared war, will escalate the TRP of the film, will draw crowds and will make the film more palpable to the audience Jav Leech.
The film has a potpourri of emotions-love, hate, friendship, betrayal, death, revenge, lust for power and carnal instincts, supremacy, fights, actions etc. However, the ‘real’ underworld is the world where quintessential traits such as specialization of skills, intelligence, information networks, human resource management, organizational ability, are required to survive. But the film failed to hint at these aspects. The subculture of underworld including the code language used by gang members has not found visibility or audibility in this film. It has failed to grasp and portray these inner, subtle nuances prevailing within that world of organized crime and among its main actors.
Though dockyards are an important area for such illegal activities but historiography of the underworld in Kolkata includes places such as Cossipore, College Street, Taltala, Baranagar, Thakurpukur, Haridevpur, Rajarhat etc. Though geographical ghettos exist but its associated inherent violence lies mostly in the human psyche. The crime syndicates are not geographically positioned but scattered throughout the length and breadth of the city. The areas indicated in the film mainly comprises of Kidderpore, Metiabruz, Garden Reach, are different from the glitz and glamor of mainstream Kolkata. But this area has its own local history apart from illegal activities. According to information available in Wikipedia, Kidderpore – ‘this’ part of Kolkata produced three jewel poets Rongolal Bandhopadhyay, Hemchandra Bandhopadhyay, Micheal Madhusudan Dutta too.
The general population will definitely admire the film with claps and whistles, and will make the film a commercial success, yet for people with an intellectual acumen or for students of English literature, ‘Zulfiqar’ as an adaptation of William Shakespeare’s Julius Caesar, and Antony and Cleopatra will be a bolt from the blue. In 1981, Shashi Kapoor had produced a film Kalyug. Shyam Bengal, as the director of the film, had masterfully borrowed and captured incidents from the epic Mahabharata. He had delicately touched upon the nuances of human relationships, crafting really moving scenes. But such crafting of characters or scenes, which touches our hearts, is not found in Zulfiqar.
The posters of the film especially Nusrat Jahan wearing a blue sari with a rose in her hand appears obnoxious. Even the poster Prosenjit as Zulfiqar (Julius Caesar) surrounded by gang members with guns failed to capture the curiosity, thrills, and horror associated with a film on the underworld. A larger- than- life image of Zulfiqar in the film does not get established. Prosenjit as Zulfiqar (Srijit’s take on Julius Caesar) is full of mannerisms.
His costumes especially using shoe-laces for kurta buttons and make-up in form of jatra type beards are a totally misfit. The scene where he is gunned down by Basheer Khan (Brutus) and other syndicate members appear too simplistic. According to Syed Tanveer Nasreen, Professor in the Department of History, University of Burdwan, ‘the film points out how little two communities in Bengal know each other. People do not attend a janaza with their shoes on. Covering just the head is not enough’.
Dev, the ‘Mahanayak’ of Bengal, as Markaz Khan, is a mute character. Years ago in a Hindi film Khamoshi, Nana Patekar had enacted a deaf and dumb role. But Nana Patekar’s expressions and acting skills were impeccable even in that mute role. It goes without saying that Dev lacks Patekar’s acting skills. He appears very muscular, with monotonous facial expression and eye movements. Parambrata Chatterjee as Tony Braganza has played his character, though as the audience we expect more from him. Kaushik Sen, a theater personality, a seasoned actor, modulating his voice, making it husky, portraying simultaneously the negative, as well as positive shades in the form of Basheer Khan, is appreciable.
Srijit always gives Jisshu U Sengupta, a complete makeover with a role which is different from the rest, and this film is no exception to the general trend. Sengupta as Kashinath Kundu, with a paunch and marks all over his face, enacts his wicked, wily, manipulative character with subtlety and intelligence.
One fails to understand why Ankush as Akhtar (Octavius) from the next generation, who takes the charge of carrying the family legacy of crime, adopts the stereotypical clothes, make-up, of his previous generation. The director fails to portray him as a modern gangster. Hence the image and character building with time does not happen as the film comes to an end.
In a film such as Zulfiqar, where the heroes are the protagonist, heroines appear to serve as interludes and mannequins. Nusrat Jahan, who plays Rani Talapatra, (Srijit’s take on Cleopatra) appears more a model than an actress. She is very stiff, unable to express the most complex emotions of suffering, helplessness, loneliness, longing, through her silence and eyes.
Some of her scenes with both Zulfiqar and Markaz appear too theatrical. Shedding the sari and showing cleavages are not enough to portray molls. Emotions of suffering and sensuousness were required simultaneously, which she failed to enact. However, Paoli Dam in special appearances, enacting the character Karishma Ahmed (Caesar’s wife), hallucinating deserves praise.
The script as well as the story-telling could have been better. The director shows bike racing but such a scene could have been more realistic had the bikers jumped over burning tires (in reality this is practiced at the dead of night in many places of Kolkata). Few of the fight scenes appeared too amateurish. It could have been well-directed. Slums and dilapidated buildings have been viewed by the audience in Bengal.
Only the Swing Bridge, a crucial link between Garden Reach and the central and eastern part of Kolkata that opens at an angle of 60-70 degree between midnight and dawn to allow ships to sail perhaps has been shown for the first time in the history of Bengali films. Anupam Roy’s songs will be admired by the present generation of youngsters, though the background music is too cacophonic. The photography is above average.

There is no dearth of gangsters in Kolkata. Gopal Pathak, Hemen Mongol, China, Jishnu, Ghutghutey, Phata Kesto, Idris Ali, Sridhar, Swapan Saha, Gabbar…the names are endless. Each life is a tale of emergence and decline of a gang lord and has the potential to be made into a feature film. The director could have fictionalized such characters. But the incident which received huge media coverage and is etched in the minds of people is the IPS officer Vinod Kumar Mehta and his guard Mokhtar Ali, getting butchered in the by lanes of port area in 1984.
Srijit Mukherji or any new genre of directors trying to make films should consider the incident of 1984, a watershed incident in the history of the underworld in Kolkata. In the annals of Bengali film, Zulfiqar will be regarded as a mediocre film but marketed very well by the director and the production house. Srijit Mukherji through his star cast, storyline, once again proves that he remains a popular film maker, but not a serious one.
And Tollywood still lacks a realistic gangster film.

 

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Living in your own home would be one of your biggest dreams. It not only marks your independence but also gives you the feeling of success. Your home is probably the biggest investment you will make in your life.

You have found the perfect home and have also checked your eligibility for a loan. The only hurdle delaying the purchase is the down payment. Lenders provide loans for up to 90% of the property price. The balance must be paid through your personal resources, which is known as the down payment.

Experts advise you to start planning even before you make the decision to buy a home. The habit of saving smaller amounts will also help to meet your down payment. Here are five ways in which you may save money to pay the same.

  1. Plan and budget

If you plan to buy a home in the next couple of years, it is important to start setting a budget from now. It is also important that you check your home loan eligibility to know the exact amount you will need as down payment. You must eliminate avoidable expenses to accumulate funds for down payment.

2. Liquidate smaller savings

If you have saved in precious metals like gold or hold bonds, you may liquidate these. This money may be beneficial in meeting the down payment needed once your home loan is approved. However, you must retain some savings to meet any emergencies.

3. Ladder your savings

Investing your extra money in corporate deposits (CDs) is a good way to earn decent returns. These are relatively low-risk investments and are easily accessible. One way to maximize your returns is to spread your savings in different CDs with varying maturity dates. This is known as laddering and provides the flexibility that adjusts your savings based on the interest rates. It helps you to invest when the returns are higher and ensure you do not have to invest for longer periods in case of lower interest rates. These funds may be used to make the down payment towards your property before the lender disburses the home loan amount.

4. Borrow against savings and life insurance

Insurance companies offer loans against life insurance policies at a lower rate of interest. Furthermore, you receive flexibility because of several repayment options. The loan against life insurance is repayable during the policy term and ensures you do not face any financial constraints. You may compare the interest payout on the loan against life insurance and housing loan using an online home loan calculator. This will enable you to make an informed decision. You may also avail of loans against your savings to make the down payment. If you liquidate these, you do not have to pay pre-withdrawal penalties.

5. Pay-off credit card outstanding

Ensuring you pay the entire credit card bill each month ensures you do not pay the huge finance costs. This will enable you to save more money, which may be saved over a longer duration to meet the down payment towards your home.

You may seek help from your relatives or friends or procure a soft loan from your employer to fund the down payment. Consider taking up another job to earn more income.

While arranging for the down payment is important, it is recommended you check the title of the property prior to making your decision. Ensuring there are no legal issues prior to your home loan application is important to avoid inconvenience and delays.

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Several individuals avail of personal finance to meet emergency fund requirements. Such loans are available without any collateral, which makes these popular. Furthermore, the borrowed amount may be used for any legal purpose, thereby giving you flexibility.

It is most likely that you may avail of this loan with the intention of repaying it before the end of the tenure. Compared to other loans like home or auto, the interest rates on personal finance are higher.

There are several benefits of prepaying part or the entire loan amount before its tenure. Generally, you may choose a longer tenure to reduce the equated monthly installment (EMI). However, the interest paid over a longer duration is higher and, therefore, repaying earlier is beneficial.

  1. Lower the EMI

If you have funds available, it is recommended you use them to repay the outstanding personal loan. This will enable you to lower the EMI and also ensure the amount is repaid in a shorter period of time. When you repay the loan faster, you are able to save a significant amount for the longer duration.

2. Pre-closure penalty

Financial institutions may levy a certain penalty if you repay the personal loan before the end of its duration. It is recommended you check the penalty and make an informed decision. In most instances, you will still be able to save money when you prepay even after paying the pre-closure penalty. This is because the personal loan interest rates are higher than secured credit facilities, such as home or auto loans.

3. Improve credit score

Your credit score is directly related to the amount of your outstanding debt liabilities. When you prepay the loan, it is immediately reflected in your credit score. Repaying the money before the end of the loan tenure positively affects your credit score. A higher score will ensure lenders perceive you as low-risk in the future when you apply for another loan.

You may either prepay the entire amount or some part of the outstanding principal. The following will help you understand the advantages of repaying either part or full loan amount before its tenure.

4. Full prepayment

When you prepay the entire loan amount before the end of the duration, you are able to save a significant amount towards the interest payout. Furthermore, the interest savings are higher when you prepay during the initial years of the loan duration. Most lenders have a minimum lock-in period during which you are not allowed to prepay the loan amount. It is advisable that if you have extra money during the lock-in period, you invest in high-return instruments. The accumulated amount may then be used to repay the loan amount after the end of the lock-in period.

5.Partial prepayment

You may receive an annual bonus or some of your other investments may mature during the loan duration. This amount may not be equal to the entire outstanding loan amount. However, it is beneficial to use the same to repay the loan. Partial prepayment reduces the outstanding principal, which decreases your EMI. Therefore, using the funds to repay the loan will help you save a huge amount in the long run.

The old saying “borrow less and repay early” is still applicable. Moreover, when you avail of a personal loan online, you are able to enjoy certain special offers. However, it is still debt and repaying it at the earliest is advisable to ensure your outflows are the least.

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