In the past one year, banks have actively beefed up their loan against property portfolio. Post October 2008 credit crunch, bankers looked for products that were secured and Loan against property (Lap) was an obvious choice.
With necessity being the mother of invention, commercial property developers are going off the beaten track to meet the challenge of a huge sales slowdown.
Unlike fixed deposits or other recurring deposits, the rate will be reviewed every three months.
Life insurers are aggressively targeting HNIs. A look at some of the products on offer.
Don't make fresh lumpsum commitments, but continue with your SIP investments.
There are a few things, though, that they can do from next year to ensure their tax outgo is lower.
For an investor, gold is a necessity in the portfolio.
Housing finance companies step in to provide loan to customers turned away by banks.
Buying a four-wheeler this month can help save on cost, but check first.
The word 'zero' is the bait used to lure gullible buyers. In reality, the customer ends up paying an interest rate comparable to that on a consumer durable loan; in some cases, even higher.
With HDFC also jumping on the dual-rate bandwagon, a home buyer has some good options.
Though Dubai has great infrastructure, the decision to purchase should be delayed by another four-five weeks.
Many investors are lured with dividends that mutual funds pay, without realising that they are getting their own money back.
Even if they are a small part of your portfolio, these funds can help reap rich returns.
IndiaBulls Power IPO's charged-up performance (the issue was subscribed 21.84 times) earlier this month had only one jarring note: the retail portion of the initial public offer barely scraped through, with a subscription of 1.09 times.
Samar Roy applied for a credit card with a leading private sector bank last month. Though the world has changed since the days banks chased customers to offer credit cards, Roy was confident he would get one. He was earning a reasonably good salary and had no loans or credit cards to his name.
Keep some cash in hand for tackling last-minute hurdles.
Many smart buyers wait for the year-end to buy a car. Auto makers and dealers come up with the best discounts in the month of December to clear stocks. But if you are planning to buy a car any time soon, the current festive season could be an equally attractive opportunity, thanks to the availability of cheaper finance.
Currently, ICICI Bank and HDFC do offer fixed-rate loans but the differential between fixed and floating rate loans is huge.
With returns improving due to the stock market rally, MIPs have started looking more promising.
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