Always be clear about the clauses and conditions laid down by your bank or housing finance company. If at all you skip this task then you may face a major problem during the entire tenure of your loan or may be even beyond that.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
'It reduces the immediate financial strain on your family and helps you take control of your finances without being dependent on your parents.'
Consider factors like time, risk profile, return requirements, expenses, liquidity needs, etc. Make sure to have insurance and opt for a term plan, says Amar Pandit.
Here's what you must know and what you must do before switching your home loan amount from one bank to another.
Is your lender not reducing interest rate on your floating rate home loans? Here's what you must do.
'Where will industry have funds when they open up?'
Is your home loan lender charging you more interest on your home loan?
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Understand the finer points before signing on the dotted line as a guarantor
NBFCs are allowed to include registration, stamp duty
How about some facility that would give you the best of both worlds, the liquidity of a savings account and the interest rate of a fixed deposit? Auto-sweep facility does exactly this.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
Rated as one of the best real estate destinations by a number of agencies, Pune's realty market is fast losing its charm as developers are being forced to construct low-end schemes to increase sales. While more than 260 real estate developers are willing to pay three EMIs of home loans taken by their clients and some have offered to rent apartments to future clients, Pune's top developer Goel Ganga group has launched four low-end affordable housing projects in the city.
Loan insurance is a concept catching up in India. Most people taking a loan are not aware about what they would do in case they are unable to make the monthly payments towards the loan.
Munnabhai is back with his 'Gandhigiri' but this time he is in a fresh avatar of 'Sattarbhai' for the upcoming film EMI. Sattarbhai, played by Sanjay Dutt in the film, is a loan recovery agent who works for various banks and other multinationals.
Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
The real estate subvention scheme or 80-20 home buying plan, recently banned by the Reserve Bank of India, is now being replaced by other offers to attract buyers.
What should you do in such a situation? Here are a few things that every home loan borrower must remember now that home loan rates are expected to increase further.
As part of the IBA package, housing loans up to Rs 500,000 and between Rs 500,000 and Rs 20 lakhs would attract a maximum interest rate of 8.5 per cent and 9.25 per cent, respectively, for the first five years. To a question on possible increase in disbursal of home loans after implementation of the package, he said the numbers could be gauged in a fortnight.
Planning a suitable income source for post retirement years is very essential
Mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages you to talk about your problems and offers solutions.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
Get Ahead tax expert Mahesh Padmanabhan answers queries on tax exemptions and how to invest for the long term.
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
As far as the Indian households are concerned, although the leverage ratio in this basket has multiplied nearly 3 times in the past decade, it is still well below not just developed but also most other developing economies.
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
The Indian Commercial Pilots Association decided not to resort to any industrial action as planned from May 10.
Did your bank ever reject your loan application because you were reported falsely for having bad credit history? Tell us.
Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.
The actor has begun shooting for his first film after being released from jail.
Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.
A new couple's financial situation changes from their bachelor days.
Consolidated debt fund is the answer for you if you are burdened with a whole lot of loan repayments from home loan EMIs to vehicle loans to credit card debt.
Financial planning expert Vetapalem Sridhar, hosted a chat with GA readers on July 30 to discuss inflation, investment options and more. For those of you who missed the chat, here's the unedited transcript.
The actor has begun shooting for his film Easy Monthly Installment (EMI).
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
