The Income Tax Act, 1961 defines a non-resident Indian as an individual, being a citizen of India or a person of Indian origin, who is not a resident. A person is of Indian origin if he or either of his Indian parents or any of his grandparents was born in undivided India.
For most middle and upper-middle class families, a house is the most expensive asset owned by them. The asset also has emotional value and therefore families should perform meticulous research before buying the same. The following is a set of must-dos before buying a house.
Through auctions, there are increased possibilities that you can get your ultimate property deal you have been waiting at about 15-20% less than the prevailing market rate. Although the initial selling price of the property is determined by factors such as location, type of construction, neighbourhood etc, you still an secure your bid, rather than… Read More »
Home loans are a huge and a long term debt that exhausts the borrower of all the savings and finances he/shes has saved for all their employed years and to be. Most get their homes that is well and good but a few people may be deprived of it if they have not exercised prior… Read More »
Joint ownership can be a partnership between husband and wife, sibling in your family or parents and n number of persons since there is no limit as to how many persons can apply for a joint home loan. Tax Reduction : Individuals could claim a deduction for the interest paid on the home loan (for… Read More »
Carried away by the lucrative deals and offers by banks about home loan rates? But not sure what to opt for? What ever be the decision, you need to be keen about is, what home loan is going to affect your fiances, and by what rate. The optimal choice will be the one that will… Read More »
If you thought that North India was a quite of a conservative and a debt avoiding society, South India sure gives them a back seat, since in the recent study shows that this region takes the top spot in terms of auto loans, home loans and even a personal loan! Besides Chennai tops in per… Read More »
People, who do not have a good income statement to prove their ability to repay, can still have hope to borrow a personal loan or any loan from the bank based on their credit identity. In order to increase the poor’s rural operations, credit information companies see a huge business opportunity in building up a… Read More »
If you are caught in a huge debt trap, no matter even if its Rs 1 crore, never hesitate to approach a debt counsellor for financial assistance. Getting out of such risky situations are definitely very difficult but not completely impossible. Approaching credit counselling centres can be of a huge benefit. Credit counselling centres have… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. The bank offers a variety of loan products such as personal loan, agricultural loan, vehicle loan etc. Purpose – Purchase of Tractors and Power Tillers Eligibility – Farmers or applicant should have a minimum land holding of… Read More »