Equity mutual funds make a great investment. However, given the volatile nature of the market and the loss experienced by investors in the past months, one should keep expectations realistic and be willing to wait it out for at least 10-15 years to see a good return from equities.
Evaluate all loan offers. The first condition for loan offer selection is the total money outflow that the loan will cost. The second factor is the EMI. A loan offer with a lower EMI and a longer tenure may seem attractive, as it could be easy on your purse strings, however not all such loans… Read More »
One more option of sourcing funds is to obtain a loan against your assets, for example, a loan against property is especially useful for such purposes. However, there are specific loans to be availed for precisely this function that are termed under the category of business or commercial loans.
During the time Rahul remained invested in his property, the stock markets also reached new highs. Now the returns from stock market are much higher than the returns from property. Besides the holding period for stocks is just 1 year after which long term capital gains tax sets in. Rahul lost this opportunity to earn… Read More »
If Sunil works in Mumbai and has a purchased a home in Mumbai for which he has taken home loan. Will he still get benefit under the Act for this second home in Nagpur? The answer is ‘Yes’. Benefits under Section 80C and Section 24(b) can be taken for more than one home if all… Read More »
If you are buying a second house for investment purposes, then its location is crucial for capital appreciation. Be it for rental purposes or leasing out or a possible resale, the location of your second house is very important from this standpoint. Investing in a second house that is on a prime location or at… Read More »
On the consumer front, CIBIL is working towards simplifying the process of fetching credit scores- it is tying up with a payment gateway which will help individuals fetch theirs scores online by making an online payment. Also it has decided to flag disputed items in the credit history statement. Till such time, in their own… Read More »
This is not specifically a category of loan but more a loan for which an exhaustive set of documents are required. There are several conditions that need to be fulfilled while taking a loan. One of these is the kind of documentation you have to complete or submit to the bank before the loan is… Read More »
A bank cannot issue a notice to the defaulter until the account of the borrower becomes a non-performing asset, which takes 90 days. To enable recovery of funds lent Banks need to invoke SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests) Act. This again has a notice period of 60 days.
Buying a property is hardly an easy decision to make. It is the single largest asset investment which will have a financial impact for the next whole decade and perhaps for much more time. So it is best to be cent percent sure of your investment from a legal perspective so that you shield yourself… Read More »