What Are Step-down Home Loans?

With how much it costs to purchase a house these days, it is not easy for most people to purchase a house outright. Many of us have to take a home loan if we want to purchase our dream house. On our website, we have discussed interesting home loan products. One of those products is… Continue Reading

PNB Pension Loan

When you are working, it is relatively easier to raise short term funds in times of need. If nothing else, you can apply for a personal loan. On the other hand, once you have retired, your ability to take a loan from the formal finance sector goes down. However, the need for a loan does… Continue Reading

SBI Loan against Sovereign Gold Bonds

A gold loan is a quick way to raise funds in times of need. In an earlier post, we had discussed gold loan products from the State Bank of India. With such gold loan products, you can take a loan against physical gold and jewellery. However, purchasing physical gold and gold jewellery is not the only… Continue Reading

Need a Super-Bike? Apply for a Loan

Recently, I checked into a bicycle store to purchase a bicycle for my daughter. I noticed there were a few bikes for adults whose cost were as high as Rs. 1.8 lacs. To be honest, I didn’t know that bicycles could be that expensive. I believe those were models for racers, endurance cyclers or those… Continue Reading

Doctor Loans from Bajaj Finserv

In an earlier post, we discussed a loan product for professionals from HDFC Bank. The HDFC bank loan can be used by Doctors, Chartered Accountants, Architects and Company Secretaries and other professionals. In this post, we will discuss a suite of products that is exclusively earmarked for doctors. Bajaj Finserv has 4 loan products for doctors.… Continue Reading

Converting Credit Card Outstanding into EMIs

Recently, I got a promotional email from a bank to convert credit card outstanding to EMIs. The EMI amount will be added to the credit card statement every month. I have discussed such deal structures in much greater detail in an earlier post. However, there have been a few interesting developments in the payments space that such… Continue Reading

Loan against Securities from Bank of Baroda

In times of need, when a personal loan is not an option, many of us have to offer collateral to the bank/credit institution to get a loan. In many of our earlier posts, we have discussed loan against gold jewellery, loan against property, loan against insurance policies and loan against financial investments (securities). Since gold, insurance… Continue Reading

What Is the Ideal Age to Take a Home Loan?

Most of us don’t have the luxury to purchase a house without a home loan. So, if you plan to purchase a house, you have to take a home loan at some point during your working years. A question that may cross your mind, “What is the ideal age to take a home loan?” Should… Continue Reading

When Is a Good Time to Part Prepay a Home Loan?

When is a good time to prepay or part prepay a home loan? When you think about the above question, the next question that comes to mind is how do you define a “good time”. One of the ways to assess this could be the number of EMIs saved due to your prepayment. Let’s understand this with… Continue Reading