by Vidya Kumar | Oct 31, 2013 | loan, Smitha Hari
When the Reverse Mortgage Scheme was introduced in 2008-09, it was expected to be widely accepted and beneficial to senior citizens. However, in its 5 year history, there have been few takers, and only Rs. 800 crores worth Reverse Mortgage Loans have been disbursed of...
by Vidya Kumar | Jul 8, 2013 | financial planning, loan
If you’ve taken an education loan for yourself or your children, it could be a blessing in disguise for personal finance education. It can prove to be the most important lesson that you could learn in early financial stages of your life, albeit, costly ones....
by Vidya Kumar | Apr 23, 2013 | Home loan, loan, Smitha Hari
A home loan is probably the largest and the longest debt of your life. Nowadays, the concept of joint home loans is becoming popular. So what is a joint home loan? Simply put, a joint home loan is a home loan where there is more than one borrower. Usually a joint home...
by Vidya Kumar | Apr 1, 2013 | loan
With the Indian auto industry witnessing a never-before boom, there are several new models of cars and brands entering the market every year. The four-wheeler is becoming more and more common in every average Indian household, as families with two-wheelers buy a...
by Vidya Kumar | Mar 25, 2013 | Education, loan
An education loan is given by banks and other specialised financial institutions to students who wish to complete their graduation or post- graduation studies, either in India or abroad. These loans are generally offered by banks in the following slabs: Less than Rs....
by Vidya Kumar | Jan 31, 2013 | Home loan, loan
If you would know the value of money try to borrow some…Benjamin Franklin A home loan is an amount lent by a bank/financial institution to you so that you can buy your dream home. The house you purchase will be the security for the loan. The ownership deed will...
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