Salman Khan must have been super relieved when the verdict was announced. And so were all of his die-hard fans. Suraj and Nikita, were just as relieved when a Subvention scheme swooped in to save their day! They were planning to buy an apartment in Delhi and they zeroed in on a property with a… Read More »
Extra, extra! Good news is here and there’s no need to be puzzled anymore. On 2nd June, RBI reduced the key repo rate by 25 basis points to 7.25%, the third such cut in the year. Other banks are now expected to reduce their lending rates once more. Rahul, your average IT guy, was wondering… Read More »
Planning to get a home loan could make even Bruce Lee roll in his grave. But we ask him (and you) not to sweat it. Bruce Lee has no idea about these home loan options, and we bet you might have overlooked them too. Here are 5 alternatives that could Abracadabra your worries, and Alakazaam… Read More »
Well, when we conversed with him, Mr. Confucius was confounded when confronted with the conundrum of Financial Planning. Confused? Let’s face it. It was a different world then. Insurance as a product probably didn’t exist (if you don’t count daylight robberies); so, checking your life insurance options was probably unheard of. Land was conquered, not bought using loans;… Read More »
“I am thinking of starting an EMI with my first salary for an upcoming apartment. So that, 5 years hence, I will have my own house,” remarked Bhola to his neighbor Mr. Kent, who is a financial advisor. “But, you already have a home, Bhola. What will you do with the new one?” asked Kent.… Read More »
We are all usually surrounded by lot of questions related to investments, taxation, finance etc. In this article, we have handpicked 6 questions which are important and applicable to most of us. 1. How are tax rebates calculated for early payment of a home loan? Those who have availed a home loan usually have this… Read More »
Humankind has spread its wings and made the moon its second home. While there are no tax implications of that (not yet at least!) there certainly are tax implications on your second home here on earth. We unlock the tax dreadlock for you. Tax implications for multiple properties Before getting into the details of tax… Read More »
It is just a three-digit number, but as far as your financial life is concerned, it might as well be your grading on how well you manage your finances. So, it’s time you took a serious look at your credit score. Banks use it to determine your loan eligibility and in some cases it decides… Read More »
When the Reserve Bank of India (RBI) reduced the repo rate by 0.25 percentage point in January 2015, it came as a pleasant surprise for millions of home loan borrowers. They were expecting the banks the follow suit and cut lending rates to pass on the benefits to customers. Banks, though, had different plans. They… Read More »
Amit was quite apprehensive as he was planning to come back to India, after living in London for nearly ten years. While the decision of coming back to his roots was something exciting, he was worried about settling down after buying a new home in India. As a first step, Amit decided try out options… Read More »