This is what any prudent loan applicant will do. If you want to enjoy lower interest rates on your home loan during the course of your home loan tenure, do not change your lender. Ravi(39) had borrowed a home loan in the year 2005 which was at 5%, now with the inflation, and rising prices,… Read More »
With the global economic recession, and the resistance of the Indian economy to withstand the global pressure, The realty sector of our country faced a short slowdown in 2008-09. But with the increase in the consumers’ confidence and lower interest rates which the banks provided at that time, the demand for properties began to surge.… Read More »
How to finance your purchase of a dream home, has always been a question to many. In these times of increasing realty prices and rising interest rates, the thought just seems to be in gray, whether or not you can take a step ahead in deciding your dream home or not. Most people face the… Read More »
Banks are going to exercise strict vigilance on the credit history of borrowers who are going to opt for a personal loan or consumer loans since it has been observed that most borrowers default on such loan categories. RBI has told banks to keep a strict check on the borrowers credit history so as to… Read More »
With RBI’s initiative of widening tax breaks, it has become easier for students to not only get their tuition fees financed, but also get their other expenses like, library, hospital expenses, cost of purchasing books and equipments, uniforms, computer, travel expenses etc covered from their broad student loan category, making life easier for them. Banks… Read More »
Apart from your cash flow statements and your repayment capacity, banks may not be willing to hand over the loan amount you had asked for easily. This is because, the lending institutions have a tie up with CIBIL (Credit Information Bureau of India), who keep a track of the individuals’ credit history, and supply the… Read More »
A CIR(Credit Information Report) gives you the details of your credit histroy and maintains a track record on how you borrow and repay your loan from finanacial institutions. The loan could relate to n number of accounts the borrower holds in any financial institution regardless of whether it is a home loan, personal loan, car… Read More »
Until now, Equity Linked Service Scheme (ELSS) has been one of the first-choice mutual funds for investors. It has two benefits as it helps you save on tax and at the same time helps you invest in the stock market. The 3 year lock-in period ensures that the investment is long-term and also is protected… Read More »
High on risk and high on return are Equity funds. Also known as Growth Schemes, the aim of these schemes is to provide capital appreciation over medium to long term. These schemes normally invest a major part of their fund in equities and are willing to bear short-term decline in value for possible future appreciation.
Many times we always get lured by the lucrative discounts and schemes that banks have to offer for opting for a personal or credit card. But very little do we want to analyze whether we actually need such debt traps or not. Sathish walked into a credit counselling Centre with a huge burden of credit… Read More »