It is always nice to help others in times of need. But helping as a loan guarantor, for any kind of loan be it personal loan, home loan etc., can complicate situation a bit, if you do not exercise caution on knowing about your liabilities before hand. If the original loan borrower has defaulted, the… Read More »
Most people think that a personal loan is their answer for all the fund requirements they face. But do you really want to get into a debt wherein you need to pay about 40-50% of your salary? If your answer is no, then here are a few cheaper options that can guarantee you funds at… Read More »
Well, here are a few things that you should do in such times of distress : 1. Reassess your investments: This step can increase the positivity within you since you will be able to analyze what assets are generating a return. Try saving enough such that you have at least 3 months salary in hand.… Read More »
Are you stressed out, thinking about how many more EMIs and principle amount of your loans need to be cleared? Burdened by those huge interest rates and not able to figure out what to do? Well, here are a few quick steps that you can take. Rank your debts: Do this, by arranging in the… Read More »
Young Indian minds have always aspired to be on the top. Making way through series of tough entrance exams, they finally secure their dream of studying in the top B-Schools of the country. But as we know, the price of studying in such world renowned institutions is quite heavy, ranging from Rs1Lakh to Rs 30… Read More »
Am I doing the right thing of taking a loan? Most of us in today’s world need to ask this question. Thanks to the rising interest rates and inflation, the thought of acquiring a home has become a huge deal! It is not wrong to take a loan when necessary. But always be in a… Read More »
In these trying times of rising interest rates leading to increasing burden on your finances, you may be well, thinking seriously about this option. But, it is advised not to do so. Most banks are trying to be loyal to their existing home loan borrowers or any loan for that matter, so that they can… Read More »
A recent press report said that YES bank, an India-based banking company engaged in providing a wide range of banking and financial services, has signed a Memorandum of Understanding(MoU) with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers. Initially, it has been… Read More »
A recent press report said that Public sector lender, UCO Bank, is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent this fiscal. Mr. Arun Kaul, Chairman and Managing Director of the bank said that they have planned to grow their… Read More »
A recent press report said that Kotak Mahindra Bank has posted a net profit of Rs 249 crore for the quarter ended March 31, 2010, up 23 per cent from Rs 203 crore in the corresponding year-ago period. Reports said that the growth in its profit was due to the higher interest income and lower… Read More »