Plan Your Investment

As per the income tax act, if resident owns more than one house then maximum one one house is considered as the self occupied. It means that if you own two flats in your name, for the income tax purpose you can show only one flat as the self occupied. Even if second house is [...]

When I was discussing with one my friend, he proudly says that he uses credit card for every thing and pay the due before the due date, which makes him the most trusted customer for his bank. Here the important point is that, he even feels that it would improve his chance of getting more [...]

This post is to publish the latest home loans interest rate offered by the Banks in India. Here I am not posting all the banks, but only the best or lowest interest rates offered by the banks. Note that these interest rates are frequently revised by the Banks, what I am posting here is the [...]

This is good news for the consumers who want buy their dream car. Nowadays buying a car become necessary in our life and all the banks offer auto loans for buying a car. In the last year, the growth of the car loans is less than 1 percent, it shows that the price is playing [...]

If you purchase or shop through eCommerce websites then they mostly accept the credit cards instead of debit card. Debit card also accepted, but credit cards are widely accepted like even you can shot in the foreign eCommerce websites like Amazon using the credit card. Credit Cards are used widely and it has few special [...]

The home loans segment competition heats up to the peak. In the last couple of weeks many banks have reduced the home loans interest rates and offered various kick backs to stimulate the home loans disbursements, SBI India’s largest bank and market leader in the home loans wants to use the technology to acquire the [...]

Borrowing was relatively easy so far if you would have applied for the education loans. There is no differentiation on colleges to approve your loan application. At least  there is no rules enforced to check the credibility of the colleges and its job placement before approving the education loans. In the recent report, defaults on [...]

In today’s announcement, SBI has cut 50% of the processing fees for home loans and auto loans. The competition on home loans segment is heating up after other major players in the home loans market HDFC, AXIS and ICICI has reduced the interested rates and announced lucrative schemes to attract the customers. Note that few [...]

Andhra Bank has announced that its reducing the interest rates charged for education loans. For educational loans between Rs. 4 lakh to Rs. 7.5 lakh has been reduce from 14.25 % to 13.25%. The reduction is exactly 1% from the previous interest rates, which is good sign for the students to get the educational loans [...]

This has been frequently asked by our readers whether I will be eligible to allow my home loans payment against the TDS in my salary. It is very basic question to answer, read the following question to understand the context of problem raised by one of our reader. I have taken a joint home loan [...]