Zoom out on the favourite car on easy EMIs

Wanting to buy the Car Of Your Choice from long time but it doesnt fit into your salary... So what to do???

Well car loans in any case are fairly quick and convenient today to get as compared to the type of loans if you could fulfill the following parameters:

1. You should be able to put up the down payment (about 10-20%) of the on-road price of the car.

2. Proper paper regarding your identity and income documents will ensure that you get your loan quickly.

3. Another very important point which most people are not aware about is that the no-claim bonus on your car insurance (if this would be your second car) follows you rather the car. So if you have not yet made a claim on the insurance policy on your previous car make sure to get the advantage of the no-claim bonus on the much larger premium payable on your new car.


So Happy Zooming....

PSUs OR Private Banks

It is more about getting loans fast with low ROI that matters the most rather than which one go for. There is Chinese saying that says that the colour of the cat does not matter as long as it catches mice.

The same goes for the banks as well. There is no things such as which one to go for or which one is better? Though it is seen that currently PSUs are slightly cheaper with regards to home and car loans but then their norms and procedural formalities are slightly more tight.

But when it comes to personal loans, the PSU banks are not aggressive players at all in this field hence their counterparts, private sector banks, are the only choice left with the consumers.

On credit cards field again the PSU banks are little low (although SBI cannot strictly be classified as a PSU since it is managed by a JV between SBI and GE with regards to credit cards).

Want an easy home loan? Here are few easy quick tips

The only solution for the same is that get all the proper property documents are with you as in most cases of home loans the problem arises mainly on the property and their document front rather than on credit sanction from the banks.

Anyways it is always advicable to keep all our property papaers, whether onwed or rented, safe with you, no matter if you have enough money and do not wnat to go in for a loan anytime. You never know when you would require them in the future.

No Permanent Address.... How to get Home Loan???

Living in a rented place for quite sometime now and looking for a permanent house to call your own. Great News congrats... but it would be difficult for you to get a personal home loan without proper proof of residence, thats what the bank policy says before giving loan to people. Don't worry there are ways to deal with the same:

1. If you are staying in a rented accommodation with proper documentation (i.e. a rental agreement, same address on your passport/driving license etc.) then you can possibly get the loan.

2. Also if you are employed with a top 500 company then it may still be possible to get a personal loan based on some certificate from your HR department.

If still facing problem then take the guidance from financial advisors or use the market place guides such as www.apnaloan.com for further help.

General tips on Home Loans

Home Loans are the most confusing of the lot when it comes to getting loans since it involves huge amount or even your property at stake. Hence here are few general tips that need to be kept in mind while looking for home loans from Banks:

1. Since home loans are a long term financial commitment so think and research well before actually taking the decision.

2. Also remember there are other factors such as nature of the rate (fixed or floating, be very careful and read the documents for the floating and fixed rate before signing of the papers) prepayment charges, property eligibility(if you are staking your property for the same) loan eligibility, repayment of the loan, etc that will also determine your choice of the lender.

3. Also there was this case where the person signed in for a fixed rate amount and the bank increased the rate of interest after one year with the increase in the actual market also. Hence as I said before read the documents very carefully, especially the fine prints, before signing.

So All-in-all scout around the finance market before making your choice. For rest I am always there.

Confusion confusion...!!!!

When it comes to shopping of small things I don't think twice about buying an item no matter what price. But yes finance is an area where everyone would like to think 100 times before investing. Well I think whether it is investing or taking up loans it is always a difficult are to deal in. and definitely requires a lot of thinking and researching is required.

I usually find it strange when people cry over not getting too many options to look forward to. But for me confusion happens when I usually find too many options to choose from and can't get my opinion stick to one thing. At this point of time I keep remembering a chant said by our ancestors, which my mom keeps telling me... Too little or too much of anything is not GOOD...

Being a financial advisor I have had people coming to me day in and day out asking for some guide and advice in their financial matters. The strange thing that I have always encountered while solving their problem is that they are usually scared in dealing with banks. According to them banks are like lions (well I know my associated will not be too happy with this comparison) who are always ready to tear their prey (loan seekers).

Well in my opinion it is not so. All you need to learn is a little trick to tame them. ;)

So people stop getting CONFUSED and learn the trick… there is a solution to all the problems… so does this have…