If you are a middle class, salaried individual, buying a house or flat of your own has become really difficult. The main reasons are the high property prices, and the high interest rates for home loans. But now, there is another factor that is going to make home purchase even more difficult for … [Read more...]
Buying a home becomes more difficult – Now you get lesser amount as home loan
February 14, 2012 by ·
Education Loans / Study Loans / Student Loans in India
January 31, 2012 by ·
The cost of higher education has been escalating day by day, and it is increasingly becoming difficult to fund higher education expenses yourself. If you have been looking for funding your own higher education, or the education of your son or daughter, an education loan (also called a student … [Read more...]
Understanding Equated Monthly Installment – What is an EMI?
January 19, 2011 by ·
We all keep hearing about EMI, and most of us also pay EMIs for various loans. But what exactly is an EMI? What is its breakup? If you have to prepay a loan, whan should you do it? Let's understand. … [Read more...]
All about “teaser rate” home loans – And what its end means for you
December 6, 2010 by ·
Some of the large banks in India have announced that they are stopping the “teaser” rates for home loans. Is this good for you, or bad? How does this effect you? Find out! … [Read more...]
Migrating to the “base rate” regime from BPLR – the impact on you and what you should do
July 3, 2010 by ·
Banks have moved to the “base rate” system from the “benchmark prime lending rate (BPLR)” system. What does it mean? How does it affect you? Read on. … [Read more...]
Transparency in floating interest rate home loans – Customers to know changes in reference rate instantly
September 25, 2009 by ·
The Banking Codes and Standards Board of India (BCSBI) has asked its member banks to publish the reference rate to which its floating rate loans are tied. The banks have also been asked to publish any changes made to the reference rate. … [Read more...]
Income Tax (IT) benefit of an education / study loan – Section 80E
January 25, 2009 by ·
This article explains how you can save income tax under section 80E if you have availed of an education / study loan. It also tells you the nitty gritties: what is the process, how much you can save, who can benefit from this, etc. [This article has been inspired by queries from readers Ravi … [Read more...]
Advantages and disadvantages of home loan in joint names
December 14, 2008 by ·
A home loan can be taken in your individual capacity – in your single name. Or it can be taken in joint names, usually along with your spouse. There are pros and cons of doing this. Read on. … [Read more...]
Change in interest rate: Impact on floating rate home loan, EMI and tenure
August 18, 2008 by ·
The interest rates have been very volatile in the last few years. A couple of years back, the rates were going down. And they have been moving up for some years now. What effect does a rate change have on a floating rate home loan (or mortgage)? Does it change the amount of the EMI? Does it alter … [Read more...]
An Introduction to Car Loan / Auto Loan / Vehicle Finance
May 16, 2008 by ·
This article introduces you to various automobile finance options available. It also talks about the factors to be considered while availing a car / auto loan. (Inspired by a query from user: ketankhatu) … [Read more...]
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