Can you survive a job loss for six months? Do you have some funds stashed away for such emergencies until you gather your reins and surge ahead confidently with a new job and a new plan for the future in place? What about a medical emergency? Do you have resources that you can tap into… 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 »
A key deciding factor will be to gauge the borrower’s financial capability to pay off the loan. You also need to evaluate objectively whether the borrower can honour such a commitment and not leave you to face the lone battle of paying up their dues in case of a default. If you are confident on… Read More »
She had always wanted to pay off her debt and did not want to depend on volatile market conditions and wait ages before the property became her completely her own with no stake in it for the bank. Of course while she was paying her loan, she did not have to worry too much about… Read More »
If you are diligent with your money, have a habit of keeping a track of your expenses or run into emergencies that calls for the usage of a credit card, then by all means you can prudently tap the advantages this piece of plastic has to offer! Credit cards do qualify as a good alternative… Read More »
The one thing that he forgot was to be educated about the different features this card offered, read the agreement and understand the cost of using each of these features. The card offered a grace period or free credit period of 30 days. Thereafter, it charged 3.5 percent interest on the outstanding amount due. Mr.… Read More »
In today’s context innovative options both in the residential units and loan offerings seem to be the need of the hour. The boom in real estate that has been fueled by the ever rising incomes of individuals in India combined with easy access to home loans has brought about such new and innovative options in… Read More »
There is no place like home. It is a secure haven that everyone loves to retire to after a hard day’s work! However, in today’s scenario, a home without a loan is unthinkable for an average Indian citizen. Getting a loan means repayment starts straightaway and a good portion of the income has to be… Read More »
In every loan agreement, there are various types of clauses which often confuse the borrower. In most of the cases, these clauses are put to ensure that the interest of the financing company is protected as the agreement draft is prepared by their lawyers. It is thus essential for the borrowers to understand and appreciate… Read More »
Buying a house or even renovating an existing one can cause a big financial strain for an average middle class citizen. Thanks to the growing popularity of home improvement loans; banks are offering users loans to take care of their home renovation work offering financial help along with tax deduction options. Home improvement includes renovation… Read More »