Plan Your Investment

In the last week, ICICI bank has launched a limited period offer for the new home loan customers. The offer is 1% cash back on the EMI paid by them during the entire tenure. The offer is valid till 31st December, 2012. This initiative is taken by ICICI bank to lure more customers to take [...]

It is the new proposal from the Indian Banks Association (IBA) to Finance Ministry to amend the priority sector limit for the home loans. In the current scenario, Rs. 25 lakhs is the priority tag. Seeing the steep rise in the property price, banks want the increase in the limit for priority tag to help [...]

After a long period of increase in the interest rates, in the couple of weeks back, RBI has slashed the interest rates by 25 basis points. 100 basis points is 1 percentage. After the reduction, banks followed the interest rate action to cut base rates. It is good news for the home loans borrowers, since [...]

In my earlier posts I have covered more details about the education loans and what are the courses covered under the education loans. Education loan is one of the important policy for the development of India. If we are looking into the India’s population, most number of people under 30 age and they are very [...]

Buying a car becomes necessary in the young generation of India. In the last decade, car means the symbol of luxury and extra expenses for a family. The more preference given to buying a house as the necessary to run a life. The perception of people have changed over years, now most of them feel that owning a car [...]

This post is in response to our reader Rakesh Patel‘s question about the home loans. He has written me the following question: I would like to know about taking house loan from family or relative, I mean what is the procedure to get the house loan from family like mother or father, and how it [...]

It is time for the higher secondary students to plan for their professional degrees. The results are out for the higher secondary students and if you are a student passing out from the secondary school, mind full of tension about the course to choose, lot of suggestions from the relatives and friends. If you are [...]

In India, CIBIL is the first company to enter for providing the credit score and credit history for the bank’s customers. All the banks in India check with CIBIL for the details of the customer after receiving the application. Last week I have published an article about the online application to get the CIBIL report. [...]

Home Loans May Not Include Registeration Expenses We are aware that while applying for the home loans we are eligible for including the registration and stamp duty expenses as the home price and banks are including those expenses on the total home loans amount. It is the procedure till now for all the banks. Also [...]

If you are a home buyer in the last couple of years and paying the EMI amount, you would have noticed that the interest rates gone up several times and the EMI burden would have increased. At the time of buying the house, the interest rates are cheap and bought the house with low EMI, [...]