While dealing with the aftermath of the great slowdown, everybody seems to be asking this question – “is it the right time for me to buy my dream home?” The answer, is not that simple nor too complicated. Your home loan is a life long investment which can gurantee you higher returns in future. Although it… Read More »
Look into these pointers before going for a home loan: 1.Decide your repayment capacity. Only if you are confident to repay the principle amount of the loan, only then acknowledge the loan amount, else back out. The lenders will accept your loan application only if they find your cash inflows and outflows to be credible.… Read More »
Due to rising interest rates, and fear of paying higher EMIs and with the advent of floating interest rate loans in the market, most home loan borrowers are under a great amount of stress since they are unable to decide whether they can support higher EMI payments or increase their loan tenures. Even a 0.25%… Read More »
With the inflation and rising interest spiraling out of control, most Indians prefer to pre pay their home loans within 10 years even if the loan tenure is 15-20 years. Paying the EMIs for a long period of time burden one’s finances forcing them to pay off their loan much earlier. For instance, if you… Read More »
A recent press report said that YES Bank has planned to have a branch network of 750 branches across the country by 2015, and 15-20 per cent of these would be located in the South. Mr R. Ravichander, Group President , Business Development (South), YES Bank, told the press that the metro centers are likely… Read More »
Load is a fee that is charged when you buy or sell the units of a fund. When you buy the units of a fund, you pay a percentage of it as a fee. This is known as the entry load. Generally, if funds charge an entry load, they will not charge an exit load… Read More »
When errors crop up due to lack of awareness you could end up evading tax unknowingly! That could turn out to be a costly mistake somewhere down the road! So be wise, get your tax facts right! Here is a quick sample checklist for you!
The banks have to issue three advance notices to the defaulter of the car loan specifying that his/ her car will be ceased by the bank, if the defaulter failed to respond to any notices, after receiving the court order for the same. A Supreme Court judgement in 2007 said vehicles can be re-possessed by… Read More »
With the increase in the demand of houses due to increased urbanization, the term affordable housing has become quite a relevant concept today, where properties as low as Rs 8 Lakh are being provided to low and middle income groups. However this initiative can only be taken by the state government who are in a… Read More »
Just in case if you thought that you need to give your interest rates of your home loan importance than anything else, then you should reconsider it. Apart from the interest rates issues, there are a lot of things that come along with your home loan: Affordability: Only if you think you are affordable for… Read More »