Adhil

Taking a home loan vs. Using own funds

Suchitra discussed the idea with her close friend Ashwath, who suggested she put her inheritance in a fixed deposit and get a home loan, as she could avail tax benefits for her income. Suchitra decided to mull over this and do her research on the subject.... Read >

Some basic facts about educational loans

The cost of education, especially for graduate and post graduate courses, has been increasing steadily in the last couple of years. With the rising inflation, parents, students and professionals alike, are finding that funding higher education in Indi... Read >

The myths and truths about pre approved loans

Rahul recently got a pre-approved loan. He shares his experience with us. " Last week I got a call from my bank informing me that I have been pre approved a personal loan for Rs 2, 00,000! What?! Only recently I had successfully paid off a personal lo... Read >

Tax planning – Beginning or end of the year?

Many salaried people look at tax saving investments starting only from November or December, because around this time their finance department will be sending out reminders to them requesting for investment details to even out the final deductions fro... Read >

Want a loan? Make sure you know your credit score!

Equifax will be yet another addition to the credit information space with the receipt of its license from the RBI. The two other players already operating in this space include CIBIL (the first one to enter this space in 2004) and Experian Credit Info... Read >

10 smart tips to master recession!!

The year 2008-2009 will go down in the world history as the year of financial meltdown, recession and job losses. Many banks closed down and savings rate dropped. As a result, many people are scared and investors shying away from investing in stoc... Read >

Loan default is not the end of the road

In case of housing loans, banks have a provision for restructuring the loan e.g. terms of extending the tenure of the loan. For the same, the bank must perceive the reason of default to be genuine. The Reserve Bank of India (RBI) has issued guidelines on ... Read >

A few pointers on down payment

Try and pay the down payment from your own money, savings or by liquidating some assets. Opting for a personal loan can be a costly affair, as interest rates are very high. If you don't have enough savings or assets to pay up the money, then its wise to w... Read >

Home loans – A primer

Home construction loans are used to finance for the construction of newly acquired home or if you are planning to build a home. But, with so many home construction loans available in the Indian market you should decide the best one that would suit you mos... Read >

What you should know about your housing loan

When there is an increase in the Prime Lending Rate (PLR), the interest rate on your loan will also go up, and your repayment would be higher. However, in most cases, financial institutions would allow you to pay the fixed amount of monthly repayment (EMI... Read >

Advantages of a pre-approved home loan!

Once the checks are in place and the bank pre-approves the loan, it will hand over a letter stating that an in principle approval of a particular home loan amount has been granted and will be valid up to a particular period. Some banks will also s... Read >

The joint home loan advantage

The most significant advantage of a joint home loan is the increase in home loan eligibility. Incomes from all joint home applicants are pooled in to enable the applicants to obtain a higher loan amount towards purchasing their dream home. All the joint ... Read >

Before you take a personal loan....THINK!

Personal loans are easy to get and has its pros and cons: Pros No collateral - Unlike other types of loans, you don't need to produce any collateral, or security, to avail of a personal loan Can be taken for any reason - Normally a personal loan is ju... Read >

What you need to know about loan downpayments

A dream that most of us nurture when living in a rented accommodation is purchasing our own house. When you cannot provide cash upfront, a home loan is the next possible way of making the purchase. Normally, lenders (banks, financial institutions) woul... Read >