When it comes to real estate, Indians believe it to be the most rational, safe and secure class of assets. However, owing to the escalating realty prices in almost every city, investing in it has become costly, challenging and risky affair. Considering the situation, several people yearning to have their own home, are forced to… Read More »
Fixed deposits in banks are one of the most preferred investments by risk averse Indians who also look forward to earn a higher interest rate as compared to the normal savings account in the bank. Now these fixed deposits have another wonderful benefit to offer the customers and that is the provision to take a… Read More »
Today there are a plethora of options in personal loans being provided by various banks and other financial institutions. Though the exact eligibility criteria for availing such personal loans varies from bank to bank there are few common guidelines which most of the lenders follow when it comes to approving a personal loan in India. … Read More »
LAP commonly known as property loan is a loan provided by the bank/financial institution against the mortgage of your property (residential or commercial) provided the same has not been put up as security for any other purpose. LAP differs from a mortgage/home loan which is a taken to buy a property; LAP is a loan… Read More »
Shubham always dreamt of having a home for his small family of four. He wanted to have a neat and well planned home where his two kids could play all day long. In order to make this dream come true, he chose the option of smart home loans which are good in their own way.… Read More »
The car loan is a very common debt today with almost all middle class Indians opting for this method to own their dream vehicle. However, there are some clauses in a car loan agreement that most people are still unaware of which may compromise the interest of borrower at a subsequent stage. Described in this… Read More »
New Year brings with it new beginnings for all walks of life including financial management. Everyone wants to have a good and perfectly organized financial life but seldom do people achieve the goal. One of the biggest reasons that people fail to attain their financial freedom is due to the dreaded debt tarp. Debt can… Read More »
The latest announcement by the Reserve Bank of India to keep its key policy rates unchanged has triggered a positive sentiment in the home loan market. With the RBI keeping the repo rate unchanged at 7.75 per cent, reverse repo rate at 6.75 per cent and the cash reserve ratio at 4 per cent, major… Read More »
The volatility in interest rates in India has affected borrowers of all types of loans. However, home loan borrowers are the most affected, as home loans are by far the biggest loans quantum-wise. Discrepancy in interest rates between existing borrowers and new borrowers, porting of home loan, stringent rules by lenders and clauses on fixed… Read More »
When you are in the urgent need of cash, the easiest option seems to be taking a personal loan. But with the raging interest rates these days, it’s not quite wise to get into the vicious cycle of debt. Banks also tend to look at your entire financial profile before accepting you for eligibility. What… Read More »