When you have quite a bigger amount of money to spare on buying a car or rather as they say, you have arrived in life; it’s time for a luxury sedan or at least a sedan. The price range could be 8-15 lakhs for this category. The cars are longer, more spacious and the price… Read More »
Looking to file a complaint against poor services offered by your bank? Time to get in touch with the Banking Ombudsman.
Remember that to build additional rooms, plan a terrace etc. you need to get the approval of corporation authorities and other construction regulatory bodies. You can avail tax benefits under Section 24 for obtaining a home loan for renovating your existing home.
Japan’s Mazda Motor recalled nearly 90,000 passenger cars domestically and in China due to an oil hose defect. The automaker, which is part owned by US giant Ford, will recall 35,181 units in Japan and some 54,000 in China. The cars produced from January 2006 to March 2009, have been recalled.
A top-up loan basically allows you to avail a loan amount on the value of the property of the home you are paying a home loan for. You can avail a maximum top-up loan of about 60% of the property’s market value. The usual loan tenure is about 10 years and is offered only a… Read More »
As credit demand moves up typically in the third quarter, the bankers are unlikely to hike the lending rates before October. Also, the RBI has shot down the bank’s proposal of introducing a sunset clause for existing borrowers forcing them to switch to the new Base rate system. This means that banks will give attractive… Read More »
Home-loan disbursements have picked up as interest rates are under check. RBI is also taking steps to bring in the revival in the real estate sector. RBI has already stated that the current customers should be offered an alternative between continuing with their old home loan rates or move to new rates decided by the… Read More »
Just like how today there is a variation in the BPLR by banks, so also the base rates across banks are likely to vary. That is because, cost of funds for each bank is different and given that costs would be the primary factor determining the base rate, the same will vary. However the variation… Read More »
Till recently senior citizens of India did not have a way to liquidate their most significant and largest asset the house but now people like the Kumars can take a lump amount as a loan by pledging their home. They can also opt for this amount on a periodic basis…monthly, quarterly etc. They will never… Read More »
Suresh’s real estate agent informed him that a property under construction will cost him lesser than an apartment that is ready for him to move in. So, he encouraged Suresh to consider purchasing a home under construction by the builder. This is because Suresh is not in an urgent need to move into a new… Read More »