Purchasing a home and moving into it is a dream come true for many individuals. Almost all home purchases today are funded by a home loan. This means payment of hefty amount as down payment as well as monthly outflow in the form of Equated Monthly Installments (EMI). Even if you can actually manage to… Read More »
Education is undoubtedly a very important part of life. More so, higher education, as it decides the future course of your life. With the help of educational loans, it is possible for anyone to study the course of choice at any place, India or abroad. However, educational loan comes with its own conditions and it… Read More »
It is always easy to buy rather than pay and credit cards are based on the simple rule: buy now and pay later. When swayed away by a number of surrounding myths, we fail to understand the financial mechanics and end up paying more. We can use the credit cards wisely if these myths are… Read More »
Purchasing a home and moving into it is a dream come true for many individuals. Almost all home purchases today are funded by a home loan. This means payment of hefty amount as down payment as well as monthly outflow in the form of Equated Monthly Installments (EMI). Even if you can actually manage… Read More »
Pavitra received Rs. 3.5 Lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 Lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a… Read More »
Following the increasing incidence of card frauds, Reserve Bank of India (RBI), the banking regulator of India had come out with a regulation on Feb 28th 2013 directing banks to replace all magnetic strip based debit and credit cards used for international transactions with chip based credit and debit cards. RBI had said that cards… Read More »
Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in… 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 »
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 »