Loan against Car from HDFC Bank

We have discussed several ways of raising funds in times of need. We have talked about many other ways of raising quick funds such salary loans, personal loans, gold loans, loan against securities or mutual funds. In this post, let’s look at another way of raising funds in times of need — Loan Against Car. I am not… Continue Reading

Car Loan Products from SBI — An Overview

For many of us, achieving our dream of owning a car may require some financial assistance in the form of a car loan. And when it comes to loans, no other bank evokes as much trust as the State Bank of India. In this post, we will look at various car loan products from SBI.… 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

Which Loan Should You Prepay First?

You can check the impact of prepayments on your home loan using our Home Loan EMI Calculator. You recently landed up a hefty bonus. You have the financial wisdom of not splurging the entire bonus amount on expensive gadgets or a long vacation. You have earmarked a significant amount to prepay existing debt. But, there… Continue Reading

EMI in advance vs. EMI in arrears

Banks and HFCs offer myriad loan schemes to attract and retain customers and turn a profit in the competitive loan sector. The schemes vary the loan repayment methods, interest rates, interest rate types (ex: floating, fixed, dual rate) etc. Each scheme comes with its own terms & conditions and appeals to individual needs of different… Continue Reading

EMI Option – Boon or Bane

Do you know the story of Bhasmasura? In Hindu mythology Bhasmasura was a demon who got a boon from Lord Shiva that anyone he touches with his right hand should turn into ashes. Once he got this boon, Bhasmasura wanted to try it on Lord Shiva himself. On seeing the plight of Shiva, Lord Vishnu… Continue Reading

News Roundup – Oct 7, 2011

In this news roundup, we bring you our analysis of the latest and most interesting loans, interest rates and EMI related news from various resources. Banks not to raise lending rates for now While the mortgage rates in U.S. are at a record low, the persistent rate hike by RBI has increased borrower’s anxiety in… Continue Reading