Frequently Asked Questions
Find answers to common questions about our financial planning tools and calculators.
General Questions
What is FinvestHub?
FinvestHub is a comprehensive financial planning platform offering various tools and services to help you make informed investment decisions. Our services cover SIP, FIRE, retirement planning, loan EMI analysis, and more.
Are these tools free to use?
Yes, all our tools are completely free to use. We believe in making financial planning accessible to everyone.
How accurate are the results?
Our tools use standard financial formulas and best practices to provide accurate estimates. However, actual results may vary based on market conditions and other external factors.
Investment Planning
What is SIP and how does it work?
Systematic Investment Plan (SIP) is a method of investing a fixed sum regularly in mutual funds. It helps in disciplined investing, provides the benefit of compounding, and reduces the risk of market volatility through rupee cost averaging.
What is the FIRE approach?
FIRE (Financial Independence, Retire Early) is a financial movement focused on extreme savings and investment to enable early retirement. There are various approaches: Lean FIRE (minimalist lifestyle), Regular FIRE (comfortable lifestyle), and Fat FIRE (luxurious lifestyle).
How do I choose between SIP, STP, and SWP?
Choose based on your financial goals: Use SIP for regular investing, STP for gradually moving funds between investments, and SWP for regular withdrawals from your investments. Each serves different investment objectives and life stages.
Retirement Planning
How much should I save for retirement?
The amount needed for retirement varies based on your desired lifestyle, expected expenses, inflation rate, and investment returns. Use our Retirement Planner to calculate your specific requirements and create a personalized savings plan.
When should I start retirement planning?
The best time to start retirement planning is as early as possible. Early planning gives you the advantage of compound interest and more time to build your corpus, reducing financial stress in later years.
Loan and EMI
How is loan EMI calculated?
EMI (Equated Monthly Installment) is calculated based on the principal amount, interest rate, and loan tenure. Our EMI calculator helps you determine exact monthly payments, total interest cost, and total amount payable.
Should I choose a longer or shorter loan tenure?
Longer tenures mean lower EMIs but higher total interest cost. Shorter tenures mean higher EMIs but lower total interest cost. Use our Loan EMI Calculator to compare different scenarios and choose what works best for you.
Technical Questions
Are my calculations saved?
Currently, calculations are not saved between sessions. We recommend taking screenshots or notes of important calculations for future reference.
How can I report issues or suggest improvements?
You can reach us through our contact form or email us at contact@finvesthub.in. We value your feedback and continuously work to improve our services.