Real estate transaction including the purchase and selling of all types of lands barring one, gets costlier; TDS now deductible for transactions exceeding INR 50 Lac. The Central Board of Direct Taxes just made the already complex real estate transactions a lot more complicated, by implementing TDS on the selling of an immovable property valued… Read More »
While every borrower knows that a car loan will have to be paid back through a pre decided number of EMIs of a calculated value the exact breakdown of this EMI is what baffles most of the people. Whenever one takes a car loan and starts paying the EMIs on the same, a part of… Read More »
With the growing popularity of home loans among Indian customers the banks and other financing agencies are constantly coming up innovative products and features to lure more and more customers into their fold. The so called home savers are part of such initiatives to provide greater flexibility to the borrower in repayment of the home… Read More »
In the competitive world of home loans the customer is the king as finance company keep churning out more attractive schemes to woo more people into their fold. This has witnessed a reduction in interest rates and the addition of several other beneficial features that can actually reduce the burden of repayment to a great… Read More »
Die to the very nature of a home loan which entails a large sum of money and a long repayment tenure the amount of total interest paid by the end of the repayment works out to be a relatively significant corpus. Most home loan borrowers find it a daunting thought to imagining the amount that… Read More »
Car loans in India have undergone widespread in the past few years with the financiers evolving new and innovative loan products in an attempt to attract more customers. There are various kinds of customized car loans available in the market which will suit differing requirements of the borrowers. In addition to the different car loans… Read More »
Prepaying a loan when there is some amount of additional funds at hand is a good idea but it does require one to carefully analyze the implications in terms of interest saved and opportunity missed. The basis of any such calculation should be what are the short term as well as long term consequences of… Read More »
Once while chatting up with a friend over tea and hot pakoras, the talk moved towards how expenses have shot up and how difficult it was getting to manage our family budgets. My friend just shrugged and said, “Well, those are concerns of my wife. After all, she is the finance minister of the house”.
Remember it is not a wise thing to keep applying for a loan without any rhyme or reason. If your loan application gets rejected, this is also recorded in your CIBIL record. So weigh the pros and cons before you apply for a loan simultaneously to different banks. Wait till you receive an offer before… Read More »
Investing for your retirement may not be the most important thing on your mind when you start your career. For most people, investing may not even be on the priority list when they start their career. When you start your career, your saving capacity may not be much in absolute terms, as your salary itself… Read More »