Most of us are quite clear about the tax incentives associated with home loans. You get tax benefits up to Rs 1.5 lacs for principal repayment under Section 80C of the Income Tax Act. Additionally, you get deduction of up to Rs 2 lacs per financial year for interest payment on home loans. Must Read:… Continue Reading
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
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
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
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
Home loans form the biggest pie of loan portfolio for the most of us. Therefore, higher interest rate on a home loan can translate into a greater EMI outgo. If there is a way by which your EMI burden can be reduced, you can ease pressure on your monthly cash flows. EMI depends on both… Continue Reading
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
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
Most people start thinking about retirement when they breach 35 and get serious about retirement planning when they hit 40. Most of them don’t have much idea about how much they need for retirement. Most are fixated to a randomly large number say, 2 crores or 5 crores. When they don’t know how much they… Continue Reading
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