Pay Off Debts: Perform Runa Vimochana Pooja

Runa Vimochana means Debt Clearance. The word “Runa” means Debts and “Vimochana” Runa Vimochana, Debt Clearance, Clear Your Debts, Stay Out of Debtmeans Removal. It is the astrologically significant timings to receive divine blessings to pay off debts and to be free from all kinds of debts forever.

Runa Vimochana Poojais performed to Lord Shiva to clear away all your financial liabilities. It’s a powerful ritual dedicated to Lord Shiva, which can play a great role in inducing you to take favorable decisions allowing you to live a tension free life without debts.

Debts are in fact horrendous to everyone, who has dealt with its intricacy. It is terrible when you have to think about, how you can pay off debts like car loans, bills, credit cards and other personal loans.

In dealing with debts and to pay off debts, the Sages or Siddhas of ancient times have given a whole hearted approach through Vedic Astrology. According to them, debts are of 3 types. They are routed to your life through money borrowed for spending more than what you could afford to earn or pay, balancing the losses through natural disasters like business losses or market recessions and debts which are accrued from gambling, drinking or illegitimate relationships.

Debt is Agonizing

The mental agony of people who suffer from being in debt is immortalized in verse by the great Tamil poet Kambar in his work “Kamba Ramayana” who describes the mental agony of the King Ravana at the verge of being defeated by Lord Rama. “Ravana’s agony was like people who suffer from debt.” The agony about debt represents the extreme physical or mental suffering and the final stages of a difficult or painful death.

Performing Runa Vimochana Pooja can:

• Protect you from neck deep debts

• Help you with the power to manage your debts efficiently

• Allow you to breathe a fresh debt free air.

Runa Vimochana Pooja is ideal for:

• Business People who are looking forward to pay off debts

• People who are facing impediments in their way of returning the borrowed debts

• People who want to live a prosperous life and for those who want to get rid of their karmic debts.

Performing Runa Vimochana Pooja will bestow you with a debt free life studded with wealth and prosperity. He blesses the needy to live a life that is free of hardships of debts and also protects his devotees from borrowing debts in the future and keeps them wealthy and prosperous thereafter.

Runa Vimochana Mantra to be chanted for Runa Vimochana Pooja is:

Vasishtenakrudam Stotram Sarka Roga

Nivaranam Sarvasampathkaram

Seekram Puthra Pouthraadi

Varthanam Sthreesanthyam Yaha

Hadenithyam Sa He


Reasons Why Shouldn’t Use A Personal Loan To Pay Off Your Credit Card Debt

Many people in Singapore hold multiple credit cards at the same time as each card has its own unique benefits. Under such circumstances, people can potentially fall into a debt trap as he/she owes money to several creditors. There are multiple payments and due dates to keep track of, and the non-stop reminders about unsettled balance only adds to the tension. As you fall behind the due dates of making the payments, your debts will only become larger. One of the way out from this debt trap is having a personal loan known as Debt Management Plan or DCP.

DCP was introduced by Association of Banks in Singapore (ABS) in the early part of 2017 for all Singapore nationals and Permanent Residents who are facing difficulty in settling their debts. DCP is a type of personal loan where you can borrow a lump sum amount to pay off all your current debts right away. However, you can take the help of a DCP only for unsecured credit facilities such as personal loans, credit cards and other credit lines. Let us take a look at some of the benefits and drawbacks of a Debt Settlement Plan:


  • You only have to make a single payment per month as a DCP consolidates all your debts into a single debt. This will help you save your energy and time and cutting the stress of missing a payment, as you no longer have to keep track of all the different creditors.
  • Lower interest rates with a DCP makes it easier to pay off all your debts and actually make visible progress.
  • When a DCP is managed well, you have a better chance of saving some money instead of spending your whole monthly earnings on paying bills.


  • The biggest drawback of DCP is the potential of getting into more debt. People who are not careful about their expenses and have a habit of gambling are prone to get themselves further into debt.
  • Even with low interest rates, you may take longer to pay back your debt with DCP. In the long run, this will lead to more interest payment. To avoid this, you must concentrate on paying off your debt as early as possible.
  • If you fail to make timely payments, fines and interests will be imposed, which will only enhance your burdens.

If you choose to transfer your DCP to other banks, you will have to do it three months after your DCP is sanctioned. You will be subject to penalty fees which the original bank may charge for early termination or transferring your DCP. Since a long commitment is required with a DCP, you should do your research extensively before applying for a plan.

Once you have taken a Debt Settlement Plan, all your prevailing credit cards and unsecured debts are adjourned. You will be offered a revolving credit equivalent to your one month’s salary. You will not be eligible to apply for any new unsecured cards during the time your DCP is active, unless you have repaid a part of your debt.

Eligibility criteria

To be eligible for a DCP, you must be a Singaporean or a Permanent Resident. You must have personal assets worth less than S$2 million or your earnings should be in the range of S$20,000 and S$120,000 a year. Your consolidated unsecured debts must exceed by over 12 times your monthly income.

Fees associated with a Debt Management Plan

There are a few banks in Singapore that charge a fixed processing fee while the others charge up to 3% of the sanctioned loan amount. You should opt for a personal loan to finance your crises if you can wait for a few days. Personal loans are better than cash advance because of fixed monthly payments and low interest rates.

A Debt Settlement Plan will help you pay lower monthly sum with low interest rates. As a result, it will help you focus on a single contribution every month and have less financial strain. A personal loan in the form of a Debt Management Plan will help you negotiate with your creditors for removal of penalties to make your loan amount lower.