If you're thinking about saving or investing, getting a loan or buying an insurance policy in Sri Lanka, there are plenty of places to compare current deals - and standard documents to help you shop around. You can then buy based on information only, or get advice. Buying with advice usually offers you more protection.
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Go and Compare various financial products in SriLanka |
Where to start shopping around
A good place to compare financial products is on a website as these web sites give various information about the products and services. One of such websites is rightBETA.com.
You could also try:
1. the personal finance sections of newspapers
2. specialist consumer magazines
3. text television - Ceefax, Teletext or digital services often have up-to-date interest rates and share values
4. the internet - to find particular products or general advice and comparisons
5. talking to different product providers about their own product range
What to look for when shopping around
A lot depends on the type of product you're looking for, but it's important to bear in mind:1. whether you'll have to pay administration fees
2. any conditions - eg how long you're committed for or cancellation penalties
3. whether there's a 'cooling off' period after you've bought in which you can change your mind
4. the financial return you'll get and when
5. whether it really fits your particular requirements
6. the investment risk - eg what happens if the stock market crashes or you don't keep up with payments
7. whether you'll be liable to Income Tax, or Capital Gains Tax on your profits
rightBETA search tools
We, at rightBETA.com have simplified the process of looking around and searching for financial products or services in Sri Lanka. Our comparison team members have done all the comparisons for you and all you need to do is just to click what you want to compare on our website. Once clicked, you will be able to see all the details of the products offered by various providers in Sri Lanka if they have registered with us.
