Signing up as Loan Guarantor? Beware of Risks

Your close friend has been planning to buy a house for a long time. However, when he approached the bank to apply for a home loan, bank insisted to getting someone to sign as a guarantor for the loan. Lenders can ask for a financial guarantor if the credit history is weak or repayment ability of… Continue Reading

Another Reason Not to Opt for HLPP

I got an e-mail from one of the regular readers at EMICalculator.net. He brought to my notice an aspect I had failed to cover in my earlier post on Home Loan Protection Plans (HLPPs). Case Summary His father had taken a loan of Rs 8.95 lacs for a tenor of 17 years from a leading… Continue Reading

ICICI Bank Home Safe Plus — A Review

When it comes to financial planning, everyone wants to leave behind an asset for their families. Nobody wants to leave behind a liability. And when it comes to your house, you want to ensure that your family inherits your house and not your home loan. Repayment of a home loan is a long term activity.… Continue Reading

Should You Buy Home Insurance?

A house, for most of us, is the biggest investment we make in life. Not just that, you enter into long term commitment to pay off those EMIs and call your dream house truly yours. So, most of us dedicate a better part of our professional lives to make this dream house a reality. Any… Continue Reading