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 concern about [...]
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. [...]
Economy
budget wishlist for 2010
Posted on 19 February 2010
I AM at it again…making pre-budget wish list for this year’s budget. Given the background behind the forthcoming budget and realising that the Finance Minister has little to give away by way of financial sops I am going to be a little circumspect about my wish list from this budget.
The biggest expectation is about the [...]
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Health Insurance, Insurance
Will the health insurance imbroglio ever get solved?
Posted on 19 February 2010
The situation on the Health Insurance claim payment front has deteriorated significantly over the last few months. While everybody is aware about the turf war which is going on between IRDA and SEBI over ULIPs, only consumers who have the misfortune to fall sick and get hospitalized are realizing the significant issues with claim [...]
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Home Loan, Home Loans, Loan, Loans, home loan issues
Will the base rate really make the floating rate loans more transparent?
Posted on 19 February 2010
“Loan rates set to be more transparent” screamed newspaper headlines on Thursday after a draft RBI circular asked banks to shift to a “base rate” mechanism from the existing “BPLR” w.e.f April 1, 2010.
The existing “BPLR” structure for pricing floating rate loans has exhibited what bankers politely call “downward stickiness”, which means [...]
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Home Loan, Home Loans, Loan, Loans, home loan issues
Will “Teaser loans” give a shock to customers in 2013?
Posted on 19 February 2010
The RBI has recently expressed its concern about the teaser loans, stating,
“In the area of housing loans, teaser rates are increasingly being offered which is a cause for concern. I hope banks are ensuring that borrowers are well aware of the implications of such rates and the appraisal takes into account repaying capacity of the [...]
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Home Loan, Home Loans, Loan, Loans, Uncategorized, home loan issues
Shift to a teaser rate home loan now..
Posted on 19 February 2010
The Reserve Bank of India has hiked the Cash Reserve Ratio by 0.75% to 5.75% (as against the existing 5%) in the third quarter review of monetary policy announced today which will be implemented in two stages. The Central Bank has left unchanged the Reverse Repo, Repo, and Bank rate at 3.25%, 4.75%, and 6% [...]
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Credit Card, Credit Card Issues, Financial Planning
Credit Cards are like Swiss Knives
Posted on 19 February 2010
Lessons in financial literacy for a son....
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Uncategorized
pay in full for under construction property! does it make sense?
Posted on 19 February 2010
Builders offer attractive discounts if you are willing to pay off the full value of the property even though the property is under construction and will be delivered only after a few years. Does it make sense to avail of this facility?
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Home Loan, Home Loans, Loan, Loans, home loan issues
Should you go in for hybrid (fixed and floating rate) loans?
Posted on 19 February 2010
Some banks in India are offering hybrid loans - with a portion that is fixed and a portion that is floating. Does it make sense to go in for such loans?
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Financial Planning, Retirement Planning, Retirement Planning
If it’s good, they will come & get it!
Posted on 19 February 2010
The story is about a Public Sector Undertaking (PSU) which came up with an ultimate refrigerator. With its lowest market price, standard features and much lower power consumption, it was quite a buy. The Company appointed a dealer network which was experienced in selling consumer durables of other manufacturers. Now that Company was confident of [...]
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Banking, Financial Planning
Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “got to have it” scale.
Posted on 21 January 2010
Be an Investor
Use Money in Order to Make More Money follow the “Cash Flow Quadrant”
There are four types of income generators in the world
1. E – The Employee safe and secure job.
2. S – The Self - Employed own their own job.
3. B – Business owner why to do it yourself if you can hire [...]
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The Apnapaisa Blog specifically disclaims any responsibility for any loss, actual or consequential, caused due to any decisions taken on the basis of any material appearing on the blog. Please consult your personal finance advisor, insurance agent, or broker before taking any decision to buy any financial product.