The Nano car loan is available for a maximum tenure of 7 years at an interest rate that ranges between 11.75 per cent and 12 per cent p.a.
Industry experts predict that the second quarter of 2009 could present opportunities for the prospective home buyer to land an excellent home deal.
The key to understanding your loan offers from multiple banks is to calculate the total amount of interest and fees you would pay for each offer and zero in on the offer that gives you the least total interest outflow.
Have you ever considered a home auction that is periodically conducted by several banks? You actually can get a house which is lesser by nearly 20 per cent of the current market value. Let us help you get started on some research for you to build the plan for your steal.
The interest rate scheme where 8 per cent is frozen for one year may not actually be as profitable as it appears upfront.
Let us put away that dreaded thought and focus instead on ways to have access to funds when we need them the most like, for instance, a job-loss or an emergency surgery for a loved one! Here budgeting comes into play.
To avail a top up loan, factors like your repayment capacity based on your income and commitment towards any other loans other than your home loan etc, will be factored in
If you can afford to make larger payments towards your home loan, perhaps because of a promotion or because of a bonus, then making prepayments towards your home loan is a very good idea as it will save you a lot of money over the term of the loan.
We also have strict regulatory bodies like the Reserve Bank of India, which ensures that loan products that could produce systemic risk never make it to the market.
The earlier you start saving for your rainy day (read retirement) the richer you will be when it finally arrives.
Let's take a quick look at what all these terms mean to see how they affect the loan interest rates.
As with all mass processing systems that are not dependent on a single source for information, there are quite a few things that could be incorrectly recorded in the credit information reports, which are stored with CIBIL. Here's what to do to have your report corrected...
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