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 »
Financial emergency is a common situation witnessed by even the most ardent financial planners. From the average person to the high net worth individuals, monetary crisis can happen to anyone. It is not about avoiding the financial crisis that separates good financial planners from the rest, but the way to successfully combat a financial crisis.… 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 »
Reverse Mortgage is a type of loan devised to address senior citizens who own a house but require some monthly income to meet their regular expenses. To put it simple, reverse mortgage is just the opposite of conventional mortgage loans obtained through mortgage of your home. Under normal mortgage, you obtain a lump sum as… 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.
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 »