How to Save Tax on Sale of a House

You made a killing recently on a house that you had purchased 15 years ago.  You had bought this house for Rs 7 lacs. Recently, you sold the same house for Rs 1.5 crores. Net absolute gain of Rs 1.43 crores. You are aware of the indexation benefit on sale of a long term capital… Continue Reading

SBI FlexiPay Home Loan Scheme

State Bank of India has recently come out with a home loan product, SBI FlexiPay Home Loan scheme.  As with all the SBI home loan products, it has created a lot of buzz among the prospective borrowers. In this post, I will discuss the important features of this scheme and what makes it different from… Continue Reading

Loan against PPF Account

You are looking for a small loan of Rs 1 lacs for purchasing new furniture for living room of your new house. The first thing that comes to mind is a personal loan. But you are aware that personal loans are quite expensive. The interest rates can vary from 14% to 18% p.a. or even… Continue Reading

6 Factors to Consider While Taking Car Loans

You have been planning to buy a car.  In fact, you have been looking to buy one ever since you finished college. You have also accumulated money for down payment. And have been planning to take loan for the remaining amount. In this post, I will discuss a few things that you should keep in… Continue Reading

Tax Benefits on Joint Home Loans

With real estate prices at elevated levels, purchase of a dream house is not easy anymore. Higher residential real estate prices lead to requirement for higher value loans too. If the bank or housing finance company feels that your salary is not enough to service the loan comfortably, it can even decline your loan application.… Continue Reading

The Curious Case of 0% EMI Schemes

You were shopping for the latest sofa designs on a leading furniture website. When you moved to payment page after finalizing the product, you saw 0% EMI option on the payment page. On selecting the option, you saw names of a few finance companies with the offer details. You noticed none of the offers was… Continue Reading

9 Things to Consider before Availing Personal Loan

These days, it is not uncommon to find at least one e-mail per day about instant or pre-approved personal loan in your mailbox.  The creative teams at banks can actually make you feel that the offer has specifically been customized for you. Do not fall for the attractive advertisement. You must avoid personal loans to… Continue Reading

Caveats with Assured Return Schemes in Real Estate

Everyone wants to purchase their dream house. The demand for residential property is not just limited for own use. A number of people invest in real estate to gain from appreciation in prices. However, despite the comfort most people have with real estate investments, most developers are running high inventory of unsold flats or apartments.… Continue Reading