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 »
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 »
LAP commonly known as property loan is a loan provided by the bank/financial institution against the mortgage of your property (residential or commercial) provided the same has not been put up as security for any other purpose. LAP differs from a mortgage/home loan which is a taken to buy a property; LAP is a loan… 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 »
While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending… Read More »
Abhishek loves owning the latest gadgets and makes most of his purchases through his credit card. However, assumptions and myths surrounding credit cards made his life tough. Due to the wrong information he got about the use of credit cards, Abhishek ended up losing a lot of money as late payment fee or penalty. He,… Read More »
Many car buyers who opt for borrowing think only of car loan option and are not aware of the other possible options like car overdrafts. Let us take a look at the intrinsic difference between a normal car loan and a car loan overdraft facility and analyse the pros and cons for both.