The home loan agreement is usually a 50 page document that most borrowers do not have the patience to study in detail. However all such agreements have a few tricky clauses that protect the lending institution and may compromise the interest of the borrower! Thus one needs to be aware of these clauses and the… Read More »
When considering a life insurance policy with riders, make sure to understand the exclusions in the policy. For example, under Term Insurance, if the insured person commits suicide, whether sane or insane, within one year from the date of commencement of a term policy, the cover will become void, i.e. the nominee cannot claim the… Read More »
The Loan to Value (LTV) in case of a car loan is simply the amount of money that can be sanctioned as a loan to the value of the car that is being purchased. There are different norms which are practiced by different banks and financing agencies while fixing the LTV in car loans. There… Read More »
The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received. The most popular types of plastic money are debit cards and credit cards. Credit cum debit card is a single card which has the features of both a credit card as well as a… Read More »
Subhash has been working in the IT industry for some time and has managed to earn well in the first few years. So, he decided to buy 2-3 credit cards at once. He knew credit card balance transfer was a great option that he could choose if he ran out of limit in any one… Read More »
When it comes to real estate, Indians believe it to be the most rational, safe and secure class of assets. However, owing to the escalating realty prices in almost every city, investing in it has become costly, challenging and risky affair. Considering the situation, several people yearning to have their own home, are forced to… Read More »
Neeraj, a middle class sales and marketing professional based in Pune, purchased a decent abode in a metropolitan by securing a home loan worth Rs. 24 Lakhs from a leading financier. Divided into easy monthly installments, Neeraj was reducing his liability quite comfortably. Being able to increase his bank balance to Rs.8 Lakh, Neeraj found… Read More »
For Amit, owning a house was one of the fundamental necessities of life. For making his dream come true, he decided to go for a reliable home loan being offered by a popular bank in India. Due to the persistent hard work that Amit had put in, he was finally able to get a home… Read More »
Abhijeet is the proud owner of an expansive apartment in Mumbai, but not a lot of people know that he had to face some sleepless nights to buy his dream house. The long term home loan which he had taken for the apartment was haunting him. With the family’s responsibility on his shoulders, he was… Read More »
A decent home in the heart of a metropolitan, equipped with all the standard and luxury amenities, is perhaps the most cherished dream of every individual. There are times when people have to leave their dream behind and move ahead, or at least, put it aside for the time being, in case of a financial… Read More »