Polonius, a character in Shakespeare’s play “Hamlet” advises his son, “Neither a lender nor a borrower be”. With due respect to Polonius and his genius, credit has become a part and parcel of our life. While most of us cannot be lenders, we are bound to be borrowers because of the system we live with.
Try and pay the down payment from your own money, savings or by liquidating some assets. Opting for a personal loan can be a costly affair, as interest rates are very high. If you don’t have enough savings or assets to pay up the money, then its wise to wait and build assets and savings… Read More »
Home construction loans are used to finance for the construction of newly acquired home or if you are planning to build a home. But, with so many home construction loans available in the Indian market you should decide the best one that would suit you the most and is favorable to you.
Predicting interest rates is not easy, unless you are an analyst. If you are looking at taking a home loan, understanding the movements of interest rates is even more critical, since you would want to decide whether to take the loan at fixed rate of interest or floating. Hybrid home loan takes away this problem.… Read More »
Rakesh Sinha is employed with Patni computers. His father, a retired government employee discusses a plan for buying a plot of land that looks promising in his hometown. The only set back for Rakesh’s father was that he was short of Rs. 3 L with the land costing around Rs. 10 L. Rakesh told his… Read More »
“Congratulations! You are eligible for a personal loans of Rs. 1,00,000/-!” Many of us are receiving this luring SMS alert from banks quite often. No wonder, the moment you face any urgent financial requirements like your children’s higher education, marriage or down payment for a new property, this option comes to your mind. It’s… Read More »
What if I fail to repay my home loan? Will bank seize my property in case of default? Will I get a negative CIBIL report in case of a default by error? All borrowers and would be borrowers are confronted with these question in mind, as unintentional default by error or omission can happen to… Read More »
Education loans are a boon for youngsters in these days of costly higher education and inflation. The dreams of many promising youngsters have been realizing with the help of this wonderful financial tool. Most parents take education loans from the bank in which they have their accounts. It’s not a bad decision, but however, it… Read More »
Notorious as being impulsive shoppers and spendthrifts, the fact that women are able to manage homes with limited resources and multi tasking with the available finances is often ignored. Recent surveys have shown that women are less likely to default on their debts compared to males and are generally responsible spenders if given a free… Read More »
The third option is private equity. This is usually opted for high risk and high growth sectors. This comes at a much later stage of an establishment’s growth.