Planning for retirement and doing something about it is something that most youth and elders detest. For the youth there is no incentive to plan for something that will come up 35 years later. For the elders, the fear that they may not have enough money in their last phase of life prevents them for… Read More »
The Iyers had a simple formula – If they earned Rs. 100/- whether Raghu’s salary or Radha’s freelance income Rs.30.00 went towards investments. Of this – Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had… Read More »
Real estate transaction including the purchase and selling of all types of lands barring one, gets costlier; TDS now deductible for transactions exceeding INR 50 Lac. The Central Board of Direct Taxes just made the already complex real estate transactions a lot more complicated, by implementing TDS on the selling of an immovable property valued… Read More »
The personal loan is essentially an unsecured loan which is given without any collateral security based on the earning potential of the borrower. Thus the primary risk of the loan is always with the lender who shall have to devise means of recovering the loan in case of default due to intentional delays or conditions… 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 »
Taking a home loan to buy a house has many benefits in terms of making a good investment, securing your future and availing a plethora of tax exemptions that are being offered by the IT department. But added to all these benefits is that fact that you can take a second home loan and make… Read More »
The prepayment penalty that is applicable when the borrower decides to pay back in advance a portion of the home loan in order to reduce the interest burden in the long run is a matter concern in all home loans. The banks stand to lose their earning in terms of interest on the borrowed capital… Read More »
With the growing popularity of home loans among Indian customers the banks and other financing agencies are constantly coming up innovative products and features to lure more and more customers into their fold. The so called home savers are part of such initiatives to provide greater flexibility to the borrower in repayment of the home… 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 »