Readers' queries on when, why and how to change their home loan lenders answered.
With ICICI Bank amongst country's three topmost lenders already offering better home loan rates to existing customers post RBI's 0.5 per cent cut in repo rate in April, competitors too are likely to follow suit.
Banks report you to the credit bureau if you default on your credit card payments. Here's what happens if you are blacklisted.
Has your home loan lender increased your loan period without informing you? Has the lender done this against the agreement you signed with the bank? What should you do then? Read this.
Do you know what a step-up home loan is? Why is it good for young professionals? Home loan expert Harsh Roongta has the answers.
The floating interest rates on home loans have increased sharply in the last few years. Home loan expert Harsh Roongta explains how to solve the problem.
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
You are an engineering graduate and want to pursue higher studies overseas. Do you know how to get an education loan for this purpose? Our education loan expert Harsh Roongta has all the answers.
Are there any existing provisions that restrict you from claiming tax deduction on a number of houses you own? Can you and your spouse claim tax deductions on the house bought jointly by you?
Home loan interest rates are getting costly again. How do you cope with rising prices?
Risk is difficult to evaluate, warns Harsh Roongta.
Can you take action against your home loan lender if the bank gives loans to new borrowers at lower rates and doesn't reduce rates on your loan? If yes, then what action can you take? Get Ahead home loan expert Harsh Roongta sheds some light on these and many other home loan issues.
Home loan expert Harsh roongta answered home loan queries of Get Ahead readers. Here's the chat transcript for those who missed the chat.
Home loan expert Harsh Roongta discusses how to cope with rising EMIs as floating rates move up.
Home loan expert Harsh Roongta throws light on complex problems of tax benefits for housing loans.
Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
Whatever you do, continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time. Then try to buy yourself some breathing space, says Harsh Roongta.
Yet, no bank has been taken to task for its actions, says Harsh Roongta.
The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
As long as the money has been 'paid or deposited in the previous year', an assessee should be eligible for tax relief, says Harsh Roongta.
'Clients deemed higher-risk are required to update their KYC more frequently.'
Some of their tactics would put a snake oil salesman to shame, says Harsh Roongta.
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
There is a huge gap in service charges on other factors such as penalty on cheque return.
Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.
'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day.
Banks and financial institutions provide 6-12 months of additional time, beyond which you need to negotiate.
Most borrowers may not be aware, but quite a few banks already offer external benchmark linked home loans to favoured borrowers, says Harsh Roongta.
Gold monetisation scheme will help unlock value of gold.
In July 2013, RBI warned banks against sending unsolicited cards.
Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh
Which is the best home loan? Advice from financial guru Harsh Roongta.
Group policies are more suitable for diabetics; these are negotiable & flexible.
If you have a huge debt, pay up, don't neglect it, says personal finance expert Harsh Roongta.
