Festive season is round the corner. Frankly, the diversity in India ensures that the festive season never ends. There is always one festival or the other going on all the time. This is one reason festive season deals almost never end on popular retailer websites. However, during the later part of the year, starting August, festivities actually… Continue Reading
You just booked an under-construction property. You spent months finalizing the right property for you. You paid the booking amount from your own pocket. For the remaining purchase amount and construction linked instalments, you are banking on a home loan. Unfortunately, your loan application gets rejected or the bank is not willing to sanction the requested… Continue Reading
When we are scouting for a loan, many of us focus merely on the interest rates. While the rate of interest is clearly the biggest head, you must not ignore other ancillary charges of a loan. The charges (and their nomenclature) depends on the bank/NBFC and also on the type of loan you are going for. Clearly,… Continue Reading
You are planning to move from your existing house to a bigger house. You plan to sell your existing house to fund the purchase. However, there is a minor problem. To purchase your new house, you need the sales proceeds of your existing house. Now, closing a deal (acceptable to you) may take some time. How do… Continue Reading
You have a medical emergency in a family and need funds to settle a hospital bill. You have tried other options but those have not materialized. You are planning to take a personal loan. A friend tells you about the concept of medical loan. You are told that the interest rate on a medical loan will… Continue Reading
A few days ago, I watched an interesting TV commercial for a personal loan product from Bajaj Finserv. The product is Bajaj Finserv Flexi Loan. Let’s find out more about the product. How Does the Bajaj Finserv Flexi Loan Work? Think of it as a credit line. You can withdraw/borrow or repay as many times as… Continue Reading
Most Indians have a fondness for gold. And it is not just for ornamental purposes. Many use it for investment too. It is an asset they think they can always rely upon in case of any needs. Fair enough. In an earlier post on gold loans, I had discussed how you can use your gold to take… Continue Reading
When we talk about borrowing money, the first name that clicks as a lender is a bank or a NBFC. There can be multiple types of loans. You can go for a home loan, personal loan, gold loan, loan against property etc. However, in all these cases, the lender is a bank or a financial institution. If… Continue Reading
I recently came across a news item that Tata Housing, a prominent realty company, has tied up with Indiabulls Home Finance to offer home loans at 3.99% p.a. The loan will offered by Indiabulls Housing Finance and the special interest rate of 3.99% p.a. applies for purchases in select projects from Tata Housing. As per the… Continue Reading
A home loan is a long term commitment. Therefore, if you are planning to take one to purchase a house, here are a few things you must keep in mind when you take a home loan. Focus on the Property First, and Then the Home Loan I am quite sure you can save a lot… Continue Reading