Banking, Featured, Grievances, Home Loan, Home Loans, Loan, Loan Against Property, Loans, home loan issues
Bank not reducing your Home loan rate? Make a phone Call
Interest rates on home loans for new consumers have come down by around 4% since September end 2008 but consumers who had the misfortune to take their loan before that have only seen their rates drop by around 1.50% – 2.25%. We are inundated with anguished queries from existing customers where they raise [...]
Featured, Financial Planning, Home Loan, Home Loans, Investment, Loan, Loans, Retirement Planning, Retirement Planning, Reverse Mortgage
Your best retirement plan – Buy another house!
Most people build a nest egg for their retirement by investing a regular sum of money into a Systematic Investment Plan (SIP) of a mutual fund or buy a pension plan from an insurance company or regularly invest in a bank recurring deposit or government backed instruments such as PPF and NSC, etc. A very [...]
Featured, Home Loan, Loan
SBI declares war : wants to capture pole position in home loan mart
The home loan war seems to be hotting up. The private sector players (HDFC, ICICI, Axis,LIC housing Finance) are all providing loans at around 9.25% floating to their new consumers (including to existing borrowers of other banks wishing to shift their loans). For once the PSU banks seem to be using attractive structured offerings to provide stiff competition to the private lenders.
Featured, Health Insurance, Insurance
Cheap is not necessarily the best - How to decide which mediclaim policy to buy
Health care costs for hospitalization in India have risen sharply in recent years in tandem with global trends. Many a family has seen their financial planning go for a complete toss due to unexpected costs on hospitalization of a family member. Also due to increasing exposure to media there is a far bigger consciousness about [...]
Featured, Health Insurance, Insurance, Insurance issues, Travel Insurance, personal accident issues
Preity Zinta does a bungee jump
Indian cricket team skywalks in Australia. If you are wondering what these headlines are doing in a personal finance blog let me explain. Millions of dollars are riding on these celebreties. In fact for the cricket team it is probably in billions rather than millions. I am sure they are insured to the gills against accidents. [...]
Home Loan, Loan
Prepayment charges on floating rate loans may soon be history
Posted on 25 October 2011
RBI unveiled its path breaking second quarter review of monetary policy and announced far reaching changes that affect the common consumer positively.
The big bang announcement included the deregulation of the savings account interest rate. Each bank is required to have at least one category of savings account where deposits are less than Rs. 1 lakh. [...]
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Home Loan, Loan
Home Loans>>> Sequel to Girlfriends and Wives tale
Posted on 20 October 2011
I think a lot has been written about how, in India, floating rates only mean that “interest rates” float upwards when general interest rates rise but stubbornly refuse to fall when the general interest rates fall. As a result existing home loan customers (“the wife”) pay a far higher rate for the same loan as [...]
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Home Loan, Loan
No prepayment charge – How it will benefit you ?
Posted on 20 October 2011
For once National Housing Bank (NHB) has stolen a march over its parent RBI in passing a regulation that pre-payment penalty cannot be charged by housing finance companies in case of loans that are on a floating interest rate basis irrespective of the source of such repayment (even if it is by way of transfer [...]
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Insurance, ULIPs
A Mother & her CHILD PLANS…
Posted on 06 October 2011
I joined Apnapaisa March 2008 amidst thick of action and my life (professional) changed for ever. My world which revolved around fashion, brands, celebrities, designers and retail took 180 degree spin in favour of loans, credit cards, life insurance, health insurance, estate planning, mutual funds, banking and what not!
This was the time when money took [...]
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Home Loan, Loan
Do you need an Umbrella now?
Posted on 03 October 2011
“Interest rates peaking!!!” “Inflation still high, Interest rates may go up further “. All of us have been subjected to these conflicting headlines often on the same day and sometimes even on the same page of the newspaper. Economists just cannot seem to make up their minds on the immediate direction of interest rates, reminding [...]
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Health Insurance, Insurance
Health Insurance Portability>>> Whom to benefit & how?
Posted on 30 September 2011
The dawn of October 1 saw health insurance portability coming in after a long wait.
Let’s see what portability means before we delve into whom it will benefit and how.
What Health Insurance portability means?
Mobile number portability means that you can keep the same mobile number even as you switch the service provider. In health insurance it [...]
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Gold ETF, Investment
Graduate from electronic goods to electronic gold!
Posted on 19 September 2011
Indian marriages are unthinkable without gold jewellery. Almost all parents gift gold jewellery to their daughters at the time of their marriage and welcome their daughters-in-law with gold jewellery. With on-going global crisis and gold prices hitting the roof, parents are a worried lot as gold constitutes a significant proportion of expense in daughter’s marriage [...]
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Economy
RBI Monetary Policy Review>>>
Posted on 16 September 2011
September 16, 2011
As expected the Repo rate was raised by another 0.25% in the Mid-Quarter Monetary Policy Review by RBI today. This was expected by the market. However a firmer than expected statement on continuing the policy of increasing rates in a calibrated manner means that we could see more such increases in the next [...]
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Loans, Teaser loans
Is it the return of teaser loans ?
Posted on 08 September 2011
It seems the “teaser” season is back in force.
ICICI has announced a new home loan scheme wherein the consumer is in a position to get a fixed rate of interest for the first 12 - 24 months or 36 months before shifting to the applicable floating rate after the “fixed rate” period is over. HDFC [...]
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